Common use of Escalation of Charges Clause in Contracts

Escalation of Charges. The Fixed Charges [and other amounts] in this Schedule 2 will be adjusted for changes in the CPI with effect on and from the first day of each Quarter in accordance with the formula. An = An−1 ×  CPIn    where:  n−1  An = the applicable adjusted Fixed Charge; An-1 = the applicable Fixed Charge at [insert relevant base reference date]; CPIn = the CPI published for the Quarter ending immediately before the Quarter preceding the Quarter of the relevant adjustment date; and CPIn-1 = the CPI published for the Quarter commencing [insert base Quarter reference].

Appears in 1 contract

Samples: Network Operating Agreement

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Escalation of Charges. The Fixed Charges [and other amounts] in this Schedule 2 will be adjusted for changes in the CPI with effect on and from the first day of each Quarter in accordance with the formula. An = An−1 ×  CPIn    where:  n−1  An = the applicable adjusted Fixed Charge; An-1 = the applicable Fixed Charge at [insert relevant base reference date]; CPIn = the CPI published for the Quarter ending immediately before the Quarter preceding the Quarter of the relevant adjustment date; and CPIn-1 = the CPI published for the Quarter commencing [insert base Quarter reference].

Appears in 1 contract

Samples: Network Operating Agreement

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