PPI Price Adjustment Clause Samples

PPI Price Adjustment. Each September 15th during the Contract term, beginning September 15, 2016, the Base Item Unit Prices and Optional Equipment Unit Prices shall be updated in accordance with the Producer Price Index (PPI) indicated below in Paragraph 1

PPI Price Adjustment. Each September 15th during the Contract term, beginning September 15, 2017, the Base Item, Additional Body Section, and Optional Equipment NYS Contract Prices shall be updated in accordance with the Producer Price Index (PPI) indicated below in Paragraph 1

PPI Price Adjustment. “PPI Price Adjustment” means the annual price adjustment of 60% of the Case price pursuant to Exhibit E (“Case Price”), beginning on the first anniversary of the Commencement of Production Date (the "PPI Adjustment Date"), in which case the Case Price shall be amended in writing accordingly. Price adjustments, if any, shall be based upon increases or decreases in the Producer Price Index for soft drink manufacturing (the " PPI Index"). The PPI Index published within one month from the Commencement of Production Date shall be the "Base Index." The PPI Index published one month before each PPI Adjustment Date shall be the "Comparison Index." As of each PPI Adjustment Date, the Case Price payable during the ensuing twelve-month period shall be determined by increasing or decreasing 60% the initial Case Price by a percentage equal to the percentage increase or decrease, if any, in the Comparison Index over the Base Index. For the period beginning August 14, 2015, the PPI Price Adjustment percentage shall be the average between the percentage increase or decrease in the PPI Index on August 14, 2015, compared with the Base Index (“PPI Adjustment True Up Percentage”). The Case Price payable as of the first commencement of production shall be adjusted by increasing or decreasing 60% of the Case Price by a percentage equal to the percentage increase or decrease, if any, in the PPI Adjustment True Up Percentage.