Increase in Consumer Price Index. If during the term of the Agreement there is an increase in the Consumer Price Index as published by the National Office for Statistics over the Consumer Price Index reported for the month in which the Agreement was signed, Escrow London may increase the fees by the same percentage as the increase in the Consumer Price Index; provided that Escrow London does not increase the fees under this subsection more often than once per twelve (12) months. Escrow London will provide at least sixty (60) days advance written notice of the increase.
Increase in Consumer Price Index. On January 1 of each Calendar Year during the Term, if the total increase in the UK Consumer Price Index as published by the UK Office of National Statistics all item data series D7BT (the “UK CPI”) has increased by more than [***] during the period from the Agreement Date or the date in the Calendar Year on which this calculation was previously undertaken, then the Purchase Price will be increased by the same amount for the next following Calendar Year and subsequent Calendar Years (subject to further adjustment in accordance with this Section 5.6). For the avoidance of doubt if the actual increase in the UK CPI in any Calendar Year does not exceed [***], then no price adjustment shall apply for the next following Calendar Year. The first period during which such an adjustment will be calculated shall be the period beginning on the Effective Date, and ending on December 31 2020 and the last period during which such adjustment shall be made shall be for the period commencing on January 1 2024 and ending on the expiration or termination of the Term.
