Common use of Adjustments to Fees Clause in Contracts

Adjustments to Fees. Notwithstanding any of the fee limitations on the amount of Registry-Level Fees to be paid by Registry Operator to ICANN under Section 7.2(a) or 7.2(b) of this Agreement, commencing upon December 1st of each year during the Term, the then-current fees set forth in Section 7.2(a) and Section 7.2(b) may be adjusted, at ICANN’s discretion, by a percentage equal to the percentage change, if any, in (i) the Consumer Price Index for All Urban Consumers, U.S. City Average (1982-1984 = 100) published by the United States Department of Labor, Bureau of Labor Statistics, or any successor index (the “CPI”) for the month which is one (1) month prior to the commencement of the applicable year, over (ii) the CPI published for the month which is one (1) month prior to the commencement of the immediately prior year. In the event of any such increase, ICANN shall provide notice to Registry Operator specifying the amount of such adjustment. Any fee adjustment under this Section 7.2(d) shall be effective as of the first day of the first calendar quarter following at least thirty (30) days after ICANN’s delivery to Registry Operator of such fee adjustment notice.

Adjustments to Fees. Notwithstanding any of the fee limitations on the amount of Registry-Registry- Level Fees to be paid by Registry Operator to ICANN under Section 7.2(a) or 7.2(b) of this Agreement, commencing upon December 1st of each year during the Term, the then-current fees set forth in Section 7.2(a) and Section 7.2(b) may be adjusted, at ICANN’s discretion, by a percentage equal to the percentage change, if any, in (i) the Consumer Price Index for All Urban Consumers, U.S. City Average (1982-1984 = 100) published by the United States Department of Labor, Bureau of Labor Statistics, or any successor index (the “CPI”) for the month which is one (1) month prior to the commencement of the applicable year, over (ii) the CPI published for the month which is one (1) month prior to the commencement of the immediately prior year. In the event of any such increase, ICANN shall provide notice to Registry Operator specifying the amount of such adjustment. Any fee adjustment under this Section 7.2(d) shall be effective as of the first day of the first calendar quarter following at least thirty (30) days after ICANN’s delivery to Registry Operator of such fee adjustment notice.