Consumer Price Index Adjustment Sample Clauses
Consumer Price Index Adjustment. The Owner anticipates commencing construction of the Project on December 31, 2023. However, in the event commencement of construction of the Project is delayed, the Owner agrees that, any payments pursuant to this MOU after December 31, 2023 shall be increased by the Consumer Price Index for all Urban Consumers, Boston-Brockton-Nashua, published by the Bureau of Labor Statistics, U.S. Department of Labor (“CPI-U”) for the previous calendar year(s); provided, however, that these figures shall never be reduced below the base established herein. The first such adjustment, if applicable, shall be completed on January 1, 2024 based on changes in CPI-U for the preceding calendar year. If the Bureau of Labor Statistics should cease to publish the CPI- U in its present form and calculated on the present basis, a comparable index or an index reflecting changes in prices determined in a similar manner shall reasonably be designated by the Town in substitution therefor. The CPI-U for any year relevant to the application of this definition shall be that published by the Bureau of Labor Statistics for such previous calendar year.
Consumer Price Index Adjustment. Effective the first day following each one-year period of the Lease Term, the Base Rental hereunder shall be increased over the Base Rental payable hereunder during the preceding year by an amount which represents a percentage increase in the Base Rental payable during the preceding year, equal to the percentage increase in the CPI (hereafter defined) between the most recent CPI publication prior to the commencement of the preceding one-year period and the most recent CPI publication as of the date thirty (30) days prior to such annual adjustment in Base Rental. CPI shall mean the Consumer Price Index for All Urban Consumers (CPI-U) for all items (Xxxxxx/Xxxxx Xxxxx, Xxxxx Xxxx) published by the Bureau of Labor Statistics, U.S., U.S. Department of Labor (1967 equals 100). If the Bureau of Labor Statistics shall ever cease to compile or publish the CPI-U, then CPI shall thereafter mean such other index of prices published by the U. S. Government as most nearly approximates the CPI-U now published. All calculations made hereunder shall, if necessary, be adjusted to reflect any change in the base year used in calculating the CPI. Landlord shall be entitled to require that the payment of the adjustment to Base Rental provided for in this paragraph be made in monthly installments equal to 1/12 of such adjustment for each year during the remainder of that year, such installments being due and payable on the first day of each calendar month during such year.
Consumer Price Index Adjustment. For the purposes of calculating CPI increases in certain categories of the Guaranteed Costs as provided in Exhibit A and the Revenue Rate pursuant to Section 6.6, the following definitions and formulas shall be applied:
Consumer Price Index Adjustment. The monthly basic rent shall be adjusted annually as of January 1 (" ANNUAL ADJUSTMENT DATE"), upward, but not downward, as follows: The adjustment shall be calculated by referring (a) to the index figure for the month of November of the year immediately preceding the year in which this Lease is executed (" BASE MONTH") and (b) the index figure for the month of November preceding the annual adjustment date (" ADJUSTMENT MONTH") as shown in the Consumer Price Index, All Urban Consumers, for the Los Angeles-Long Beach-Anaheim area, as published by the Bureau of Labor Statistics of the United States Department of Labor (" CPI") base on the period 1982-84=100. If the index figure for the adjustment month is higher than the index figure for the base month said monthly Basic Rent shall be increased effective as of January 1 following the adjustment month by the same percentage as the percentage increase of the CPI. If the 1982 base of the CPI is changed, the 1982 base shall be converted to the new base in accordance with the tables issued by said Bureau, and the base as so converted shall be used. If the CPI is discontinued or the 1982 base cannot be so converted, Landlord in its reasonable discretion shall select an alternative index to adjust the monthly Basic Rent to reflect the increase in the consumer price of goods and services. [SEE ADDENDUM SECTION 6]
Consumer Price Index Adjustment. The monthly Base Rent during the Extension shall be determined by multiplying the monthly installment of Base Rent during the last month of the Lease Term by a fraction determined as follows:
(1) The numerator shall be the Latest Index which means either: [check one]
(a) the Index published for the nearest calendar month preceding the first day of the Extension or (b) the Index for the month of _________________ preceding the Extension.
(2) The denominator shall be the Initial Index which means either: [check one]
(a) the Index published for the nearest calendar month preceding the Commencement Date or (b) the Index for the month of __________________ preceding the Commencement Date. [If no blanks are filed in above, the choice (a) which includes the phrase, "the nearest calendar month preceding," shall apply.] The Index as defined herein, means the Consumer Price Index for All Urban Consumers (All Items) for the Dallas/Fort Worth Consolidated Metropolitan Statistical Area, published by the U.S. Department of Labor, Bureau of Labor Statistics (base Index of 1982-84 = 100) If the Index is discontinued or revised, the new index or computation which replaces the Index shall be used in order to obtain substantially the same result would have been obtained it if had not been discontinued or revised. If such computation would reduce the Rent for the particular Extension, it shall be disregarded, and the Rent during the immediately preceding period shall apply instead.
Consumer Price Index Adjustment. The Service Fees provided in Sections 1.1 of this Service may be subject to a Consumer Price Index (“CPI”) adjustment should the Annual CPI index increases 5% or more for three consecutive years of the contract term. The CPI increase, if triggered, will be adjusted by one half of the total increase in CPI for those three years as calculated by the CPI for All Urban Consumers for the region in which the Customer is located as published by the United States Department of Labor’s Bureau of Economic Statistics, or, in the event that the United States Department of Labor ceases to publish such an index, a similar index determined by Sensys Gatso.
Consumer Price Index Adjustment. (PARAGRAPH 4). The Basic Rent shall not be increased under Section 4 of the Lease until January 1, 2001 according to the provisions of this section.
Consumer Price Index Adjustment. The Service Fees provided in Sections 1.1 and 1.2 of this Service Attachment shall be subject to a Consumer Price Index (“CPI”) adjustment every three (3) years on the Effective Date during the Term (each, an “adjustment Date”). On an Adjustment Date, such Service Fees shall be adjusted by the increase, if any, in the CPI for All Urban Consumers for the region in which the Customer is located as published by the United States Department of Labor’s Bureau of Economic Statistics, or, in the event that the United States Department of Labor ceases to publish such an index, a similar index determined by Sensys Gatso.
Consumer Price Index Adjustment. (a) CONSUMER PRICE INDEX. For purposes of this Lease, the "CONSUMER PRICE INDEX" is the Consumer Price Index for Urban Wage Earners and Clerical Workers, U.S. City Average, All Items (1982/84=100), published by the United States Department of Labor, Bureau of Labor Statistics.
Consumer Price Index Adjustment. Beginning on January 1, 1997, and annually on each January 1, during the term of this Lease, Airport without prior notice to Tenant, shall revise Base Rent, as described in Subsection 5.A. Base Rent hereinabove, by multiplying said Base Rent figure times one plus the one-year change in the Consumer Price Index ("CPI") as further described hereinbelow. However, any increase in rents based on the CPI shall be limited to a maximum of ten percent (10%) per annum of rental then in effect, or a maximum of twenty-five percent (25%) over any