Common use of Renewal Pricing Clause in Contracts

Renewal Pricing. The fees in Tables 0-6 are subject to increase for the renewal terms according to the formulas below. Citizens will perform the calculation and provide written confirmation to Vendor. “CPI” means the General Index of the Consumer Price Index (All Urban Consumers for the US City Average for all Items) (xxxx://xxx.xxx.xxx/cpi/). Optional Renewal 1 (Years 6-8): an increase equal to the lower of (i) 15% or (ii) CPI increase as measured on a cumulative basis from the Effective Date through Year 5 of the Agreement. Optional Renewal 2 (Years 9-10): an increase equal to the lower of (i) 15% or (ii) CPI increase as measured on a cumulative basis from the Year 6 effective date through Year 8 of the Agreement

Renewal Pricing. The fees in Tables 01-6 5 are subject to increase for the renewal terms according to the formulas below. Citizens will perform the calculation and provide written confirmation to Vendor. “CPI” means the General Index of the Consumer Price Index (All Urban Consumers for the US City Average for all Items) (xxxx://xxx.xxx.xxx/cpi/). Optional Renewal 1 (Years 6-8): an increase equal to the lower of (i) 15% or (ii) CPI increase as measured on a cumulative basis from the Effective Date through Year 5 of the Agreement. Optional Renewal 2 (Years 9-10): an increase equal to the lower of (i) 15% or (ii) CPI increase as measured on a cumulative basis from the Year 6 effective date through Year 8 of the Agreement.