Common use of CPI Increase Clause in Contracts

CPI Increase. You acknowledge and agree that all Fees under this Agreement (including the amount set out in paragraph (a) of the definition of Cancellation Fee in clause 13.1), will be increased on each anniversary of the date of this Agreement to an amount calculated by multiplication of the then current amount by a fraction, the denominator of which is the CPI current one year previously and the numerator of which is the then current CPI.