Inflation Adjustments. Where services in a Work Order are provided by Quintiles over multiple calendar years, Quintiles may increase its fees at the beginning of each calendar year to reflect increases in Quintiles’ business costs on a prospective basis only. Quintiles’ overall costs may be increased for the next twelve (12) month period using the average percentage change in the wages/earnings survey as published in the Economist (or as reported at xxx.xxxxxxxxx.xxx) or the equivalent inflation index of the country where services are performed, over the preceding twelve (12) month period.
Inflation Adjustments. All adjustments for inflation required under this Lease shall be calculated utilizing the United States Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers; U.S. City average (1982-84=100). If the United States Department of Labor should no longer compile and publish this index, the most similar index compiled and published by said Department or any other branch or department of the federal government shall be used for the purpose of computing the inflation adjustments provided for in this Lease. If no such index is compiled or published by any branch or department of the federal government, the statistics reflecting cost of living increases as compiled by any institution or organization or individual designated by the City and generally recognized as an authority by financial or insurance institutions shall be used as a basis for such adjustments.
Inflation Adjustments the part of the then-existing Base Price corresponding to the Conversion Cost, over-head rate and the Supply Price Catalogue shall be adjusted by an amount equal to such part of the then-existing Base Price multiplied by the percentage increase or decrease in the most recently available prior twelve (12) months of the relevant index specified in Exhibit 18 (Inflation Rate Source) for the country in which such Manufacture takes place (“Inflation Adjustment”), provided, that if the relevant body does not report an index for the relevant country for the relevant period, the source of the relevant index shall be as mutually agreed by the Parties through the Manufacturing and Supply Team. Provided that the Inflation Adjustment will only be made for the country in which such Manufacture takes place if the percentage increase or decrease represented by the Inflation Adjustment exceeds 3% and then only to the extent of the incremental inflation amount above 3%. An illustrative example of the Inflation Adjustment is set out in Part A of Exhibit 16.
Inflation Adjustments. Whenever any provision of this Agreement requires that an amount be Adjusted for Inflation, such adjustment will be based on the Inflation Index. The amount of the adjustment will be determined by multiplying the amount to be adjusted by a fraction, the denominator of which is the Inflation Index for the month in which the Effective Date occurs and the numerator of which is the Inflation Index for the month immediately prior to the month for which the adjustment for inflation is to be made. If the Inflation Index is discontinued, then there will be substituted therefore a comparable index for use in calculating changes in the cost of living or purchasing power of consumers published by any other governmental agency, major bank, financial institution, or university or by another recognized financial publication, with such adjustments as are reasonably necessary to produce substantially the same results as would have been obtained under the unavailable index.
Inflation Adjustments. Any Fixed Amount Funding Obligation of SMC shall be adjusted each year after the year of the Effective Date. The adjusted Fixed Amount Funding Obligation for any year is the product of the Fixed Amount Funding
Inflation Adjustments. For each Fiscal Year of the LCR MSCP, the funding obligations shall be adjusted in accordance with the Inflation Index, which is the arithmetic average of the PPI Inflation Index and the GDPIP Inflation Index, each of which is defined as follows. The PPI Inflation Index for each Fiscal Year of the LCR MSCP is the ratio determined by dividing the final value of the Producer Price Index for the Materials and Components for Construction published by the United States Bureau of Labor Statistics for September 30 of the year that is two years prior to the Fiscal Year for which the adjustment is being calculated, by 152.1, which is the final published value of the PPI Inflation Index for September 30, 2002. The GDPIP Inflation Index for each Fiscal Year of the LCR MSCP is the ratio determined by dividing the final value of the Gross Domestic Product Implicit Price Deflator published by the Bureau of Economic Analysis of the United States Department of Commerce in the Survey of Current Business for September 30 of the year that is two years prior to the Fiscal Year for which the adjustment is being calculated, by 104.243, which is the final published value of the GDPIP Inflation Index for September 30, 2002. Exhibit A-2 hereto provides an example of the calculation. If the base year of either index is changed, the published numbers will be adjusted to match the base year upon which the values for September 30, 2002 are based. If either the Producer Price Index for Materials and Components for Construction or the Gross Domestic Product Implicit Price Deflator are no longer used, the Program Manager and the Steering Committee will determine a substitute measure for the affected measure.
Inflation Adjustments. The rates identified in a Process SOW shall be subject to adjustment for inflation every 12 months on the contract anniversary date basis mutually agreed methodology.
Inflation Adjustments the Parties agreed to the Division’s revised inflation calculation, which resulted in a compounded 3% inflation rate.
Inflation Adjustments. No more than once per year after completion of the first year of the Agreement, GEHC may increase the Annual Fixed Charge to account for inflation. Each increase will be no more than the increase in the rate of inflation as measured by the higher of: (a) the Consumer Price Index ("CPI") (All Groups Weighted Average) for New Zealand; and (b) the CPI for the healthcare industry (if available), as published from time to time by Statistics New Zealand, or as otherwise agreed to in writing by both parties.
Inflation Adjustments. The annual price paid by the Heads of Service to the Provider will be adjusted annually, to take account of inflation, with the effect from the 1st April in each year of the SLA. The price inflation adjustment will be calculated as follows:- The average annual local authority pay award as agreed nationally plus any additional locally negotiated agreements. The adjustment will be as at 1st April in any one year and be for the preceding year. In the event that an agreement is not reached for the 1st April, the budget estimate published by the Director of Resources will be used until such time as the agreement is reached. The difference between the two figures will be adjusted and back dated to 1st April of that year. In the event of a mid year implementation date of the pay award, an average affect for the year will be applied from 1st April of that year.
