CPI Adjustments. At the start of Contract Year 3 and Contract Year 5, the Contractor’s Hourly Wage Rates in Appendix D will be subject to an increase equal to the percentage increase, not to exceed 3%, in the Consumer Price Index (CPI) for all urban consumers (CPI-U) as published 90 days prior to the anniversary date for the preceding 24 month period by the U.S. Department of Labor, Bureau of Xxxxx Xxxxxxxxxx, Xxxxxxxxxx X.X. 00000. In the event the CPI reflects a negative adjustment, the hourly rates for the preceding twenty-four month period will remain flat. The index is also available through the Internet at the Bureau of Labor Statistics web site at xxxx://xxxxx.xxx.xxx/. Go to “Inflation and Consumer Spending” then click "Consumer Price Index" and then click on “Tables created by BLS” then click on “Table Containing History of CPI-U U.S. All Items Indexes and Annual % Changes 1913 to Present.”
CPI Adjustments. On January 1st of each Fiscal Year during the Term (each, a "CPI Adjustment Date"), the Base Rent then in effect, and the threshold dollar amounts of Room Revenues, Food and Beverage Revenues, and Other Revenues then included in the Revenues Computations set forth in Section 3.1(b), shall be adjusted as follows:
(1) The average Consumer Price Index for the twelve months ended on September 30 of the most recently completed Fiscal Year shall be divided by the average Consumer Price Index for the twelve months ended on September 30 of the prior Fiscal Year;
(2) The new Base Rent for the then current Fiscal Year shall be equal to the product of the Base Rent in effect in the most recently ended Fiscal Year and the quotient obtained under subparagraph (1) above;
(3) The new threshold dollar amounts in the applicable Revenues Computations described in Section 3.1(b) above for the then current Fiscal Year shall be (i) in the case of Room Revenues, the product of the threshold dollar amounts of Room Revenues in effect in the most recently ended Fiscal Year and the quotient obtained in subparagraph (1) above, (ii) in the case of Food and Beverage Revenues, the product of the threshold dollar amounts of Food and Beverage Revenues in effect in the most recently ended Fiscal Year and the quotient obtained in subparagraph (1) above, and in the case of Other Revenues, the product of the threshold dollar amounts of Other Revenues in effect in the most recently ended Fiscal Year and the quotient obtained in subparagraph (1) above. By way of example, on the first CPI Adjustment Date, the amount of Base Rent and the threshold dollar amounts of Hotel Revenues in the Revenues Computations for the Fiscal Year commencing January 1, 2005 shall be adjusted to reflect any change in the average Consumer Price Index for the twelve months ended September 30, 2004 as compared to the twelve months ended September 30, 2003. Lessor shall calculate the annual Consumer Price Index adjustments as soon as reasonably possible after the Consumer Price Index becomes available and shall notify Lessee in writing of the amount of the annual adjustment, together with a copy of the computation showing the adjustment amount. Adjustments calculated as set forth above in the Base Rent and threshold dollar amounts of Hotel Revenues shall be effective on each CPI Adjustment Date. If Rent is paid in any Fiscal Year prior to determination of the amount of any adjustment to Base Rent or the threshold dollar...
CPI Adjustments. The Base Rent paid by Tenant shall be adjusted upward, but never downward, effective as of the first anniversary of the Commencement Date (or the first day of the thirteenth month after the Commencement Date in the event the Commencement Date is a date other than the first day of a calendar month) and on the same day of each year thereafter during the term and any renewal term of this Lease to reflect the increase, if any, in the Consumer Price Index (All Cities, All Urban Consumers, All Items, 1982-1984=100) (subsequently referred to as “CPI-U”) or its successor Consumer Price Index, as published by the United States Bureau of Labor Statistics. This adjustment shall be computed by adding to the Base Rent an amount determined as follows: i) the CPI-U index number for second month preceding the Commencement Date (“Initial Index Number”) shall be subtracted from the CPI-U index number for the second month immediately preceding the effective date of increase; ii) the resulting amount shall be divided by the Initial Index Number and reduced to a decimal equivalent; iii) the resulting decimal shall be multiplied by the Base Rent. The Base Rent, as adjusted, shall be paid in equal monthly installments as provided in Paragraph 4(a), above. Adjustments shall not exceed four percent (4%) per annum. If the CPI-U is changed so that the base year differs from that used for the Initial Index Number, the CPI-U shall be converted in accordance with the conversion factor published by the United States Department of Labor, Bureau of Labor Statistics. If the CPI-U is discontinued or revised during the term of this Lease or any renewal term, such other government index or computation with which it is replaced shall be used in order to obtain substantially the same results as would be obtained if the CPI-U had not been discontinued or revised.
CPI Adjustments. The Annual Fee shall be adjusted annually from September 27, 1994 by an escalation factor equal to changes in the Consumer Price Index - All Urban (CPI-U) published by the US Department of Labor, Bureau of Labor Statistics, which shall be calculated each October based on changes in the CPI-U from the previous October. In no instance shall the CPI-U change be applied if it results in a smaller payment than the previous year's payment. As to any period during which fees have been waived, the CPI-U shall accrue to the rate during such waiver period.
CPI Adjustments. Beginning on the first day of the thirteenth (13th) month after the Effective Time, and on the first day of each twelfth (12th) month thereafter, the Company shall increase the Executive's Base Salary by a minimum amount equal to the Executive's Base Salary in effect during the month (the "Adjustment Month") immediately prior thereto, multiplied by the greater of (i) 5% or (ii) the percentage increase in the Consumer Price Index- United States City Average Urban Wage Earners and Clerical Workers (1967=100) (the "CPI") for the Adjustment Month over the CPI for the twelfth (12th) month preceding the Adjustment Month.
CPI Adjustments. Effective September 1, 2019 and 2020, if the percentage wage increase in the Consumer Price Index “CPI-U” for the New York-Northern New Jersey-Long Island Area (All Urban, not seasonally adjusted) for the period July of the preceding year to June of the academic year to which the wage increase applies, is more than five (5%) percent, then the salary adjustment effective September 1 of that academic year shall be an additional one-quarter (.25%) percent for each one-half (.5%) percent increase in the CPI above five (5%) percent. However, in no event shall the increase exceed seven (7%) percent.
CPI Adjustments. For each Lease Year during the Term beginning with the Lease Year commencing _______________, the Base Rent then in effect, the Annual Room Revenues First Break Point and the Annual Room Revenues Second Break Point (together, the "Annual Room Revenues Break Points"), and the Annual Food Sales Break Point then included in the Revenues Computation set forth in Section 3.1(b), shall be increased as follows:
CPI Adjustments. Rent rate adjustments for each year subsequent to the first year of the Second extension term shall be based on the change, if any, in the applicable Consumer Price Index (“CPI”) as further described as follows:
a. CPI reference and calculation: the Base Rent shall be adjusted by the change, if any, from the Base Month specified below, in the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of Labor for “CPI U” (All Urban Consumers) for Los Angeles – Riverside – Orange County, CA.
b. On August the first, the monthly rent payable shall be calculated as follows: the monthly Base Rent of the preceding 12 months amount shall be multiplied by a fraction the numerator of which shall be the average CPI of the trailing twelve months ending in the calendar month June of the same year, and the denominator of which shall be the average CPI of the trailing twelve months ending in the calendar month June of the preceding year.
c. The sum so calculated shall constitute the new monthly rent hereunder, even in the event that any such new monthly rent be less than the rent payable for the month immediately preceding the rent adjustment.
d. In the event the compilation and/or publication of the CPI shall be transferred to any other governmental department or bureau or agency or shall be discontinued, then the index most nearly the same as the CPI shall be used to make such calculation. In the event that the Parties cannot agree on such alternative index, then the matter shall be submitted for decision to the American Arbitration Association in accordance with the then rules of said Association and the decision of the arbitrators shall be binding upon the parties. The cost of said Arbitration shall be paid equally by the Parties.
CPI Adjustments. The Basic Annual Rent shall be subject to upward adjustments, based on the Consumer Price Index, one year after the Commencement Date of this Lease and at the end of each subsequent year, during the Lease Term in accordance with the following procedure:
CPI Adjustments. The Company shall increase the Executive's Base Salary during the same month that annual increases are generally made to the Company's salaried employees by a minimum amount equal to the Executive's Base Salary in effect during the month (the "Adjustment Month") immediately prior to the month during which any annual increases are made to the Company's salaried employees, multiplied by the greater of (i) ten percent (10%) or (ii) the percentage increase in the Consumer Price Index-United States City Average Urban Wage Earners and Clerical Workers (1967=100) (the "CPI") for the Adjustment Month over the CPI for the twelfth (12th) month preceding the Adjustment Month.
