Common use of Cost of Living Increase Clause in Contracts

Cost of Living Increase. The minimum fee set forth in this Schedule may increase annually upon each March 1 anniversary of this Agreement over the minimum fee during the prior 12 months, as calculated under this Schedule, in an amount equal to the increase in Pennsylvania Consumer Price Index (not to exceed 6% annually) as last reported by the U.S. Bureau of Labor Statistics for the twelve months immediately preceding such anniversary.

Appears in 5 contracts

Samples: Agreement for Fund Accounting Services, Administrative Services, Transfer Agency Services and Custody Services Procurement (Federated Fund for Us Government Securities Inc), Agreement for Fund Accounting Services, Administrative Services, Transfer Agency Services and Custody Services Procurement (Federated Government Income Securities Inc), Fund Accounting Services Agreement (Federated Arms Fund)

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Cost of Living Increase. The minimum fee set forth in this Schedule may increase annually upon each March December 1 anniversary of this Agreement over the minimum fee during the prior 12 months, as calculated under this Schedule, in an amount equal to the increase in Pennsylvania Consumer Price Index (not to exceed 6% annually) as last reported by the U.S. Bureau of Labor Statistics for the twelve months immediately preceding such anniversary.

Appears in 2 contracts

Samples: Fund Accounting, Shareholder Recordkeeping, and Custody Services Procurement Agreement (WCT Funds), Fund Accounting, Shareholder Recordkeeping, and Custody Services Procurement Agreement (WCT Funds)

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Cost of Living Increase. The minimum fee set forth in this Schedule may increase annually upon each March September 1 anniversary of this Agreement over the minimum fee during the prior 12 months, as calculated under this Schedule, in an amount equal to the increase in Pennsylvania Consumer Price Index (not to exceed 6% annually) as last reported by the U.S. Bureau of Labor Statistics for the twelve months immediately preceding such anniversary.

Appears in 1 contract

Samples: Fund Accounting, Shareholder Recordkeeping, and Custody Services Agreement (WCT Funds)

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