CPI Escalation. (1) At any time during or after each Comparison Year, the Landlord may render a statement to the Tenant showing the amount of the CPI Adjustment due from the Tenant for such Comparison Year (the “CPI Statement”), which amount shall be payable as hereinafter set forth.
(2) On the first day of the month following the delivery of a CPI Statement to the Tenants, the Tenant shall pay to the Landlord a sum equal to one-twelfth (1/12th) of the CPI Adjustment shown on such CPI statement on the first day of each succeeding month until the first day of the month following the month in which the Landlord delivers a new CPI Statement to the Tenant. Promptly after delivery of a CPI Statement to the Tenant, the Landlord shall give notice to the Tenant stating whether the amount previously paid by the Tenant to the Landlord for such Comparison Year was greater or less than the installments of the CPI Adjustment paid by the Tenant for such Comparison Year. If there was a deficiency, the Tenant shall pay the amount of such deficiency as additional rent in accordance with the provisions of Article One hereof. The CPI Adjustment shall be collectible by the Landlord in the same manner as fixed rent. The Landlord’s failure to render a CPI Statement shall not prejudice the Landlord’s right to render a CPI Statement during or with respect to any subsequent Comparison Year, and shall not eliminate or reduce the Tenant’s obligation to pay the CPI Adjustment for such Comparison Year. For illustration purposes only, assume a Base Rent of $10,000 and a Base Index of 100. If the Computation Date is March 1999, and the Index as of the date immediately preceding the Computation Date is 115, the CPI Adjustment for the Comparison Year commencing March 1, 1999 and ending February 29, 2000 is $1,500, payable in equal monthly installments of $125 ($10,000 times the percentage increase in the Index as of the Computation Date, 115, over the Base Index of 100). The Tenant would continue to pay the $125 monthly payment until the next CPI Statement is rendered. If the CPI Statement for the comparison Year commencing March 1, 2000 and ending February 28, 2001 is rendered in June 2000 and shows a monthly CPI Adjustment payment of $150 for that Comparison Year, the Tenant shall pay a monthly payment of $150 for June, 2000, together with a deficiency payment of $45 (3 months times the $25 monthly deficiency), and thereafter shall pay the monthly CPI Adjustment payment of $150 until a new CPI Statemen...
CPI Escalation. The Annual BISYS Fee shall be increased annually commencing on the one-year anniversary date of the Effective Date by the percentage increase since the Effective Date in consumer prices for services as measured by the United States Consumer Price Index entitled "All Services Less Rent of Shelter" or a similar index should such index no longer be published.
CPI Escalation. For purposes of this Lease, the following terms shall have the following meanings.
CPI Escalation. Commencing with the Lease Year that starts on the sixth Anniversary Date (i. e., the seventh Lease Year) and for each Lease Year thereafter, the Annualized Base Rent shall be equal to the CPI Escalation.
CPI Escalation. The fixed fees and other fees payable to BISYS that are expressed as stated dollar amounts in this Combined Fee Schedule and in the Agreement shall be increased annually commencing on the one-year anniversary date of the Effective Date by the percentage increase since the Effective Date in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter” or a similar index should such index no longer be published; provided, however that this adjustment shall be reduced or eliminated to the extent of any increase in the dollar amount of Asset-Based Fee in any calendar year, determined as per above, from the amount of the Asset-Based Fee in the immediately preceding calendar year
CPI Escalation. The fixed fees and other fees payable to BISYS that are expressed as stated dollar amounts in this Combined Fee Schedule and in the Agreement shall be increased annually commencing on the one-year anniversary date of the Effective Date by the percentage increase since the Effective Date in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter” or a similar index should such index no longer be published; provided, however that this adjustment shall be reduced or eliminated to the extent of any increase in the dollar amount of
CPI Escalation. Unless otherwise agreed between Aurizon and the Operator, the Charges will, on each 1 July after the Commencement Date during the Term, be varied in accordance with the following formula (provided that it may not, in any case, be decreased): CPI Multiplier = [⚫] [Note: TBC.] If CPI is not published for any reason the parties will endeavour to agree on a substitute index. If the parties fail to agree by 31 December in any given year, either party may refer the question of an appropriate substitute index to an independent expert for resolution under clause 15.4. The Charges will be reviewed by 31 March in each year subsequent to 1 July or such later time as may be mutually agreed.
CPI Escalation. (1) At any time during or after each Comparison Year, the Landlord may render a statement to the Tenant showing the amount of the CPI Adjustment due from the Tenant for such Comparison Year (the "CPI Statement"), which amount shall be payable as hereinafter set forth.
CPI Escalation. Each adjustment shall be determined with reference to the Consumer Price Index for all Urban Consumers for All Items (1982-1984=100)- “West Region Average”, published by the United States Department of Labor, Bureau of Labor Statistics (the “Index”). The Index which is published for August 2005 shall be the “Base Index,” and the Index which is published for the month of August immediately preceding each Adjustment Date shall be the “Adjustment Index.”
CPI Escalation. Beginning the first anniversary after the effective date of the Steady State Phase, the rates and charges set forth in this Agreement shall be increased effective as of that anniversary and each anniversary thereafter by an amount equal to the percentage increase in the Consumer Price Index for all Urban Consumers (Professional Services) (“CPI”), published by the United States Bureau of Labor Statistics, from the immediately preceding calendar year times the rates and charges in effect for the immediately preceding calendar year.
