Consumer Price Index Adjustment. The Owner anticipates commencing construction of the Project in the Fall of 2022. However, in the event commencement of construction of the Project is delayed, the Owner agrees that, any payments made after December 31, 2022 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 the initial CPI-U Adjustment Date 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. Notwithstanding the foregoing, Tenant shall not be subject to a CPI increase until after Tenant has been in possession of the Premises for six (6) months.
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 Agreement 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. The monthly Base Rent during the Extension will be determined by multiplying the monthly installment of Base Rent during the last month of the Term by a fraction determined as follows:
a. The numerator will be the Latest Index that means either [check one]:
Consumer Price Index Adjustment. Commencing with the second Lease Year and continuing each successive Lease Year thereafter during the remainder of the Term (and any extensions or renewals thereof), the annual Base Rent shall be increased (but not decreased) in accordance with changes in the Consumer Price Index - U.S. city average for urban wage earners and clerical workers, 1982-1984 equals 100, all items, as promulgated by the U.S. Department of Labor, Bureau of Labor Statistics ("CPI"). The annual Base Rent shall be increased each Lease Year by adding thereto an amount equal to the product of: (i) the annual Base Rent and (ii) a fraction the numerator of which is the CPI for the month immediately preceding the first month of the applicable Lease Year minus the CPI for the month immediately preceding the first month of the first Lease Year and the denominator of which is the CPI for the month immediately preceding the first month of the first Lease Year. In no event shall the annual Base Rent for the applicable Lease Year as adjusted pursuant to this paragraph ever decrease below the annual Base Rent as adjusted pursuant to this paragraph for the immediately prior Lease Year. In the event of an adjustment to the annual Base Rent in accordance with a change in the CPI, Landlord shall notify Tenant in writing of the increase to the annual Base Rent for the applicable Lease Year and the increased amount of the new monthly installments due with respect thereto. Within ten (10) days of receiving such written notice, Tenant shall pay to Landlord all increases to the annual Base Rent owed for all months which have elapsed in the then current Lease Year. If a substantial change is made in the method of establishing the CPI or a change is made to the base year used by the Bureau of Labor Statistics in computing the CPI, then the CPI shall be adjusted to a figure as nearly equivalent as possible to the figure that would have resulted had no change been made in the method of establishing the CPI. In the event that the CPI (or a successor or a substitute index) becomes unavailable, then a comparable index published by a governmental or other nonpartisan entity evaluating the same information theretofore used in establishing the CPI shall be used in lieu of the CPI.
Consumer Price Index Adjustment. All rand amounts referred in this agreement, save the R1,00 (one rand) in respect of the conversion ratio of points, it shall apply in the first year from the effective date and shall escalate or decrease thereafter annually in accordance with the changes in the consumer price index or to the discretion of TTC but no more than R25 per annum. Where consumer price index shall mean the weighted average consumer price index, all the items of the 12 (twelve) areas specified in the notice published by the Governmental Statistical Services with commencement date being July 2007, provided that in the event of the publication being discontinued, or of any change in the basis of computation of that index, an index prepared or recommended by auditors of the company shall be adopted in the place of the consumer price index.
Consumer Price Index Adjustment. (A) If the Current Index (as defined below) is higher than the Comparison Index (as defined below) at the time of any calculation or recalculation of the Purchase Price, then the Base Price shall be increased by multiplying the $60,000.00 figure specified in subsection 4(a)(i) above by a fraction, the numerator of which is the Current Index and the denominator of which is the Comparison Index. For example, if the Comparison Index is 125 and the Current Index as of the first anniversary date is 130, the $60.000.000 figure would increase to U.S. $62,400.00. As used herein: "C.P.I." means the Consumer Price Index for All Urban Consumers (Base Year 1984-86 = 100) for Hawaii/City and County of Honolulu, published by the United States Department of Labor, Bureau of Labor Statistics; "Current Index" means the C.P.I. published as of the date of any calculation or recalculation of the Purchase Price or, if not published as of that date, then the date nearest to and immediately preceding such date; and "Comparison Index" means the C.P.I. published as of the earlier of (1) the date of the Notice of Exercise or (2) January 1, 2005 or, if not published as of that date, then the date nearest to and immediately preceding such date.
