CPI PRICE ADJUSTMENT Sample Clauses

CPI PRICE ADJUSTMENT. Each October 1st during the Contract term, beginning October 2015, each dollar amount in the DAS chart shall be updated in accordance with the Consumer Price Index (CPI) indicated below in Paragraph 1, CPI. Price adjustments that are approved by OGS shall be included in a revised Form B (Class 1-2): Mini-Bid Response posted at the Vehicle Marketplace website. Notification of the approved price adjustments shall be communicated via email to the “Centralized Contract Contact," at the address specified in Appendix C: Light Duty Vehicles Documents, Number 1: Contractor Information, and be announced to Authorized Users via a Contract Update memo posted on the OGS website at xxxx://xxx.xxx.xx.xxx/purchase/spg/awards/4045122898can.HTM. The Price Adjustment Factor shall be calculated as set forth below in Xxxxxxxxx 0, Xxxxxxx to Calculate Price Adjustment Factor. The Price Adjustment Factor shall be rounded to the nearest thousandth and shall be applied to each dollar amount in the DAS chart to yield an adjusted price, which shall be rounded to the nearest five (5) dollar amount. The rounded adjusted prices shall be effective for all Mini-Bids that a Contractor responds to from October 1st and continuing through September 30th of the following calendar year. Each dollar amount may be increased from, decreased from, or remain the same as the previous values. The State reserves the right to modify or correct miscalculations or errors in the PPI Price Adjustment as set forth in this Section.
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CPI PRICE ADJUSTMENT. Each December 15th during the Contract term, beginning December 15, 2016, each dollar amount in the DAS chart shall be updated in accordance with the Consumer Price Index (CPI) indicated below in Paragraph 1, CPI. DAS dollar amounts are firm until December 14, 2016. Price adjustments that are approved by OGS shall be included in a revised Form B (Class 3-8): Mini-Bid Response posted at the Vehicle Marketplace website. Notification of the approved price adjustments shall be communicated via email to the “Centralized Contract Contact," at the address specified in Appendix C: Class 3-8 Vehicles Contract Documents, Number 1: Contractor Information, and be announced to Authorized Users via a Contract Update memo posted on the OGS website at xxxx://xxx.xxx.xx.xxx/purchase/spg/awards/4050022904can.HTM.
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CPI PRICE ADJUSTMENT. Pricing will be firm for the first year of the Contract from the date of full execution of the Contract. Every subsequent year thereafter a price adjustment will be allowed based on the Consumer Price Index (CPI-U) for all Urban Consumers, Not Seasonally Adjusted, U.S. City Average, All Items (Series ID: CUUR0000SAO) as published by the US Department of Labor, Bureau of Labor Statistics, Washington D. C. 20212. The index is available through the internet at the Bureau of Labor Statistics (BLS) website at "xxx.xxx.xxx.xxx". If, at any time, the above series ID is discontinued or not available, the State reserves the right to implement another applicable index. Price adjustments using the CPI involve changing the Price Per “Unit” for each item awarded by the change in the level of the CPI between the February 2013 (“base”/”reference” month) and a subsequent, same month in the future year(s). Every subsequent price adjustment shall be based on utilizing the CPI-U May 2013 Index figure as the base/reference and comparing it to the subsequent same month in the future year(s) being used. The subsequent future month shall be the same month as the Contract’s issue date for the involved future year. Each price adjustment shall be effective the 1st day of the month following the anniversary date of the Contract. An example of the price adjustment calculation is as follows (all figures are illustrative only): CPI-U (CUUR0000SA0) May 2014 = NEW 235.134 CPI-U (CUUR0000SA0) May 2013 = BASE 232.166 NEW Divided by BASE = 235.134/232.166 = 1.012783 = 1.013 Original bid (contract) Price to be multiplied by1.013 Example: If original bid/contract price was $500, then new price Effective August 1, 2014 would be: 1.013 x $500 = $506.50 The adjustment factor is always applied to the originally awarded bid price. As an expansion of the above example, if the “NEW” CPI-U for May 2015 was to be 238.10, the adjustment factor of 1.026 (e.g., 238.10 divided by 232.166 BASE equals 1.026) would be applied to the original awarded bid price of $500, not to $506.50; the new price for August 1, 2015 would be $512.78 (e.g., $500 multiplied times 1.026).
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CPI PRICE ADJUSTMENT. Each October 1st during the Contract term, beginning October 2015, each dollar amount in the DAS chart shall be updated in accordance with the Consumer Price Index (CPI) indicated below in Paragraph 1, CPI. Price adjustments that are approved by OGS shall be included in a revised Form B (Class 1-2): Mini-Bid Response posted at the Vehicle Marketplace website. Notification of the approved price adjustments shall be communicated via email to the “Centralized Contract Contact," at the address specified in Appendix C: Light Duty Vehicles Documents, Number 1: Contractor Information, and be announced to Authorized Users via a Contract Update memo posted on the OGS website at xxxx://xxx.xxx.xx.xxx/purchase/spg/awards/4045122898can.HTM.
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CPI PRICE ADJUSTMENT. The manufacturing prices set forth in Schedule “C” are based on Printer’s salaries, labor rates, prices of materials, energy, working conditions and other items affecting the Work to be performed hereunder by Printer as of March 26, 2004. There will be no cost of living adjustment to the manufacturing prices included in Exhibit “C”, except for ink, until ***. On *** and on each subsequent *** during the Term, Printer will increase (decrease) manufacturing prices by ***% of the percentage increase (decrease) in the Consumer Price Index during the prior twelve-month period as described below. During each December prior to an adjustment date, Printer shall calculate the percentage change in the “all items” listing (1982-84=100) of the U.S. City Average for All Urban Consumers (CPI-U), as reported by the Bureau of Labor Statistics, U.S. Department of Labor, for the August immediately preceding the effective date of the price adjustment as compared to that reported for August in the previous year. If the CPI-U as defined above is revised or discontinued, the calculation described herein shall be made using the price index with which the Bureau of Labor Statistics replaces it. Printer shall furnish Customer with an adjusted Exhibit “C” by *** of each calendar year during the Term. *** Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. At the time of each adjustment, if the monthly CPI-U Index increases over the specified prior twelve (12) months, the prices shall be adjusted upward by the percentage obtained by multiplying the percentage of increase of the CPI-U over the prior twelve (12) months by ***%. At the time of each adjustment, if the CPI-U decreases over the prior twelve (12) months, the prices shall be adjusted downward by the percentage obtained by multiplying the percentage of decrease of the CPI-U over the prior twelve (12) months by ***%. Should Publisher exercise Publisher’s right to extend this Agreement beyond the Initial Term, pursuant to the terms of Article 2.02, then all price adjustments after the Initial Term shall be calculated using ***% instead of ***% of the percentage increase (decrease) in the Consumer Price Index.
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Related to CPI PRICE ADJUSTMENT

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

  • Purchase Price Adjustment (a) As soon as reasonably practicable, following each Closing Date, Purchaser shall prepare, or shall cause to be prepared, a Final Closing Statement for each Target Business Segment that is the subject of such Closing and a certificate of the chief financial officer directly overseeing the Target Companies comprising such Target Business Segment certifying that the Final Closing Statement was prepared in accordance with the Agreed Accounting Principles and engage Deloitte and Touche LLP (or such other registered public accounting firm of international reputation which is mutually acceptable to Parent and Purchaser) (the “Accounting Expert”) to (i) audit the Final Closing Statement and issue a report thereon, and (ii) certify in writing to Parent and Purchaser that such audit was conducted in accordance with the terms hereof, and Purchaser shall cause such report and such certificate to be produced no later than 120 days following each Closing Date. The Accounting Expert shall be provided reasonable access to the books, records and other relevant information of the Target Companies, Purchaser, Parent and their respective Representatives, to the extent necessary to complete its audit of the Final Closing Statement, and Purchaser and Parent shall, and shall cause their Representatives (including the Subject Companies) to, make reasonably available their respective personnel directly responsible for and knowledgeable about the information to be used in, and reasonably necessary for the preparation of, such Final Closing Statement and in order to respond to inquiries made by the Accounting Expert, and Purchaser shall cause the Subject Companies to prepare and deliver customary management representation letters as may be requested by the Accounting Expert. Parent shall be provided reasonable access to the books, records and other relevant information of the Target Companies, Purchaser, and their respective Representatives (including the working papers of Parent and the Accounting Expert in connection with the preparation and audit of the applicable Final Closing Statement), and Purchaser and Parent shall, and shall cause their Representatives (including the Subject Companies) to, make reasonably available their respective personnel directly responsible for and knowledgeable about the information to be used in the Final Closing Statement in order to respond to inquiries made by Parent. The Final Closing Statement shall be final and binding and shall be used in determining the Adjustment Amount, absent manifest error. The fees and expenses of the Accounting Expert shall be borne by Parent.

  • Price Adjustments 17.1 Prices for Goods/Services supplied in terms of this Agreement shall be subject to review as indicated in the Schedule of Requirements/Works Order annexed hereto.

  • Base Price Adjustments The base aircraft price (pursuant to Article 3 of the Agreement) of the Option Aircraft will be adjusted to Boeing's and the engine manufacturer's then-current prices as of the date of execution of the Option Aircraft Supplemental Agreement.

  • Exercise Price Adjustment Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant is adjusted, as herein provided, the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and of which the denominator shall be the number of Warrant Shares purchasable immediately thereafter.

  • Conversion Price Adjustment In the event the Company, shall, at any time following the issuance of the Series A-1 Preference Shares, issue additional Common Shares in a financing transaction the sole purpose of which is to raise capital, at a price per share less than the Conversion Price then in effect, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration paid for such additional Common Shares.

  • Purchase Price Adjustments (a) No later than 75 days following the Closing, Purchaser shall cause to be prepared and delivered to Seller a statement (the “Post-Closing Payment Statement”) setting forth (i) Purchaser’s good faith calculation of the aggregate amount of the Cash Equivalents, (ii) Purchaser’s good faith calculation of the Net Working Capital and the resulting amount, if any, by which the Net Working Capital is less than (or greater than) Target Working Capital, (iii) Purchaser’s good faith estimate of the Closing Indebtedness, (iv) Purchaser’s calculation of the Aggregate Purchase Price based on the foregoing and (v) Purchaser’s calculation of the Loan Receivables. If Seller accepts the Post-Closing Payment Statement in writing, or if Seller fails to notify Purchaser of any dispute with respect thereto within 30 days following receipt thereof, then the calculation of the Aggregate Purchase Price and the components thereof and Purchaser’s calculation of the Loan Receivables as set forth in the Post-Closing Payment Statement shall be deemed final and conclusive and binding upon all parties. If Seller disputes the accuracy of the calculation of the Aggregate Purchase Price or any component thereof or the calculation of the Loan Receivables set forth in the Post-Closing Payment Statement, Seller shall provide written notice to Purchaser no later than 30 days following receipt of the Post-Closing Payment Statement (the “Dispute Notice”), setting forth in reasonable detail those items that Seller disputes, the amounts of any adjustments that are necessary in Seller’s judgment for the computation of the Aggregate Purchase Price or the components thereof or the calculation of the Loan Receivables to conform to the requirements of this Agreement, and the basis for its suggested adjustments. During the 30-day period following delivery of a Dispute Notice, Purchaser and Seller will negotiate in good faith with a view to resolving their disagreements over the disputed items. From and after the delivery of the Post-Closing Payment Statement to Seller and until the final determination of the Aggregate Purchase Price and the Loan Receivables in accordance with this Section 2.6, Seller and its agents will be provided with such reasonable access during normal business hours to the relevant portions of the financial books and records of the Company and its Subsidiary and access to the agents and employees of the Company and its Subsidiary (including independent accountants and their work papers, subject to execution of customary access papers) as Seller may reasonably request to enable it to respond to the Post-Closing Payment Statement. If the parties resolve their differences over the disputed items in accordance with the foregoing procedure, the Aggregate Purchase Price and the Loan Receivables shall be the amount agreed upon by them. If the parties fail to resolve their differences over the disputed items within such 30-day period, then Purchaser and Seller shall forthwith jointly engage the Accounting Arbitrator to make a binding determination as to the disputed items in accordance with this Agreement. The “

  • Conversion Price Adjustments The conversion price shall be subject to adjustment (without duplication) from time to time as follows:

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