Indexation Principles pursuant to the Contract Sample Clauses

Indexation Principles pursuant to the Contract. 2.1 The Contracting Parties hereby confirm that the Landlord is entitled under the Contract to increase the Rent by the total Index value every year, i.e. by the total average annual inflation rate expressed as an increase in the average consumer price index in the Czech Republic for the previous calendar year, which is published by the Czech Statistical Office (CSO) in the 2.2 During Indexation, the Landlord is obliged to inform the Tenant of the new Rent charge within the set timeframe, provided that the timeframe and the Landlord’s obligation to do so are stipulated in the Contract. Simultaneously, if applicable, the Landlord shall subsequently send a new payment schedule to the Tenant shortly before the beginning of the relevant calendar month from which the Tenant is supposed to start paying the Rent increased by the Index value based on a tax document.
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Indexation Principles pursuant to the Contract. 2.1 The Contracting Parties hereby confirm that the Landlord is entitled under the Contract to increase the Rent by the total Index value every year, i.e. by the total average annual inflation rate expressed as an increase in the average consumer price index in the Czech Republic for 2.2 During Indexation, the Landlord is obliged to inform the Tenant of the new Rent charge within the set timeframe, provided that the timeframe and the Landlord’s obligation to do so are stipulated in the Contract. Simultaneously, if applicable, the Landlord shall subsequently send a new payment schedule to the Tenant shortly before the beginning of the relevant calendar month from which the Tenant is supposed to start paying the Rent increased by the Index value based on a tax document.
Sample 1Sample 2
Indexation Principles pursuant to the Contract. 2.1 The Contracting Parties hereby confirm that the Landlord is entitled under the Contract to increase the Rent by the total Index value every year, i.e. by the total average annual inflation rate expressed as an increase in the average consumer price index in the Czech Republic for 2.2 During Indexation, the Landlord is obliged to inform the Tenant of the new Rent charge within the set timeframe, provided that the timeframe and the Landlord’s obligation to do so are stipulated in the Contract. Simultaneously, if applicable, the Landlord shall subsequently send a new payment schedule to the Tenant shortly before the beginning of the relevant calendar month from which the Tenant is supposed to start paying the Rent increased by the Index value based on a tax document. 2.3 Payment of the difference between the Rent increased by the Index and the original Rent for the period from 1 January until the end of the month preceding the month in which the new payment schedule takes effect will be settled in a separate invoice sent to the Tenant. The date of taxable supply is the last calendar day of the month preceding the month from which the new payment schedule applies.
Sample 1
Indexation Principles pursuant to the Contract. 2.1 The Contracting Parties hereby confirm that the Landlord is entitled under the Contract to increase the Rent by the total Index value every year, i.e. by the total average annual inflation rate expressed as an increase in the average consumer price index in the Czech Republic for the previous calendar year, which is published by the Czech Statistical Office (CSO) in the following year (hereinafter ‘Index’) – hereinafter ‘Indexation’. If Indexation is applied, the Rent increase from 1 January of the relevant year will correspond to the percentage of the increase of consumer prices. 2.2 During Indexation, the Landlord is obliged to inform the Tenant of the new Rent charge within the set timeframe, provided that the timeframe and the Landlord’s obligation to do so are stipulated in the Contract. Simultaneously, if applicable, the Landlord shall subsequently send a new payment schedule to the Tenant shortly before the beginning of the relevant calendar month from which the Tenant is supposed to start paying the Rent increased by the Index value based on a tax document. 2.3 Payment of the difference between the Rent increased by the Index and the original Rent for the period from 1 January until the end of the month preceding the month in which the new payment schedule takes effect will be settled in a separate invoice sent to the Tenant. The date of taxable supply is the last calendar day of the month preceding the month from which the new payment schedule applies.
Sample 1
Indexation Principles pursuant to the Contract. 2.1 The Contracting Parties hereby confirm that the Landlord is entitled under the Contract to increase the Rent by the total Index value every year, i.e. by the total average annual inflation rate expressed as an increase in the average consumer price index in the Czech Republic for the previous calendar year, which is published by the Czech Statistical Office (CSO) in the following year (hereinafter ‘Index’) – hereinafter ‘Indexation’. If Indexation is applied, the Rent increase from 1 May of the relevant year will correspond to the percentage of the increase of consumer prices. 2.2 During Indexation, the Landlord is obliged to inform the Tenant of the new Rent charge within the set timeframe, provided that the timeframe and the Landlord’s obligation to do so are stipulated in the Contract. Simultaneously, if applicable, the Landlord shall subsequently send a new payment schedule to the Tenant shortly before the beginning of the relevant calendar month from which the Tenant is supposed to start paying the Rent increased by the Index value based on a tax document.
Sample 1

Related to Indexation Principles pursuant to the Contract

  • AMENDMENTS TO THE CONTRACT This Contract shall not be altered, amended, or modified by oral representation made before or after the execution of this Contract. All amendments or changes of any kind must be in writing, executed by all Parties.

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • PARTIES TO THE CONTRACT This Contract is solely between the Company and the SBA which administers the FHCF. In no instance shall any insured of the Company or any claimant against an insured of the Company, or any other third party, have any rights under this Contract, except as provided in Article XIV. The SBA will only disburse funds to the Company, except as provided for in Article XIV of this Contract. The Company shall not, without the prior approval of the Office of Insurance Regulation, sell, assign, or transfer to any third party, in return for a fee or other consideration any sums the FHCF pays under this Contract or the right to receive such sums.

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