Common use of CPI Clause in Contracts

CPI. A percentage of the Base Annual Rent equal to the percent stipulated in section 1.5(c) of the percentage increase in the Index now known as "United States Bureau of Labor Statistics, Consumer Price Index for Urban Wage Earners and Clerical Workers," (CPI-W) for Washington, DC-MD-VA, all items Index (1982-84=100) (hereinafter referred to as the "Index"), between the last published Index published for each calendar year and the Index for the same period in the year stipulated in Section 1.5(c) (hereinafter "base period"). If such Index shall be discontinued or revised without substitution of a comparable successor Index, the parties shall attempt to agree upon a substitute formula. If the parties are unable to agree upon a substitute formula, then the matter shall be determined by arbitration in accordance with the rules of the American Arbitration Association then prevailing. Any substitute formula determined by arbitration shall include all of the same items included in the Index effective at the execution of this Lease and shall be so designed as to achieve a result as close as possible to the result that would have been achieved if the discontinued Index were available. Costs of any such arbitration shall be shared equally by Tenant and Landlord.

CPI. A percentage of the Base Annual Rent equal to the percent stipulated in section 1.5(c) of the percentage increase in the Index now known as "United States Bureau of Labor Statistics, Consumer Price Index for Urban Wage Earners and Clerical Workers," (CPI-W) all items for Washington, DC-MD-VA, all items Index D.C. SMSA (1982-84=100) (hereinafter C.P.I.W.)(1967=100)(hereinafter referred to as the "Index"), between the last published Index published for each calendar year and the Index published for the same period in the year stipulated in Section section 1.5(c) (hereinafter "base period"). If such Index shall be discontinued or revised without substitution of a comparable successor Index, the parties shall attempt to agree upon a substitute formula. If the parties are unable to agree upon a substitute formula, then the matter shall be determined by arbitration in accordance with the rules of the American Arbitration Association then prevailing. Any substitute formula determined by arbitration shall include all of the same items included in the Index effective at the execution of this Lease and shall be so designed as to achieve a result as close as possible to the result that would have been achieved if the discontinued Index were available. Costs of any such arbitration shall be shared equally by Tenant Xxxxxx and Landlord.