Annual Adjustments definition

Annual Adjustments adjustments to payment made at the end of each Contract Year dependent upon performance calculated in accordance with paragraph 5 of Schedule 3 (Payment Mechanism);
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Annual Adjustments. (Section 2.5) Base rent shall be adjusted annually on the anniversary of the Rent Commencement Date at the rate of four percent (4%) of the then current Base Rent, or seventy-five percent (75%) of CPI, whichever is greater.
Sample 1
Annual Adjustments. The Base Compensation shall be adjusted (the "Annual CPI Adjustments") on each anniversary of the Commencement Date by increasing (but not decreasing) the Base Compensation in accordance with the cumulative increases in the Consumer Price Index ("CPI") published by the United States Department of Labor Bureau of Labor Statistics (or such successor index as is adopted by the United States Government in lieu thereof) for the Standard Metropolitan Statistical Area in which Cookeville, Tennessee, is located. Specifically, on each anniversary of this Agreement, the Base Compensation for the first year of this Agreement (the "Original Base Compensation") shall be multiplied by the cumulative percentage increase in the CPI from the first year of this Agreement to the year of such adjustment. For example, if the Original Base Compensation is 100, and the CPI
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Examples of Annual Adjustments in a sentence

  • TCAP members will fund, and TCAP will maintain and administer, a reserve account to facilitate the reconciliation of any Quarterly Adjustments or Annual Adjustments by collecting any excess amounts paid and/or paying any deficient amounts incurred (as possible).

  • The Demographic Adjustment is one of the Annual Adjustments of this Agreement and is intended to adjust the Hospital’s Approved Regulated Revenue for projected changes in the population and the age distribution of the residents of the Hospital’s Service Area occurring in the particular Rate Year.

  • Each Contractor, who is awarded a contract on or after October 1, 2002, shall be subject to provisions of the Connecticut General Statues, Section 31-53, as amended by Public Act 02-69, “An Act Concerning Annual Adjustments to Prevailing Wages”.

  • Annual Adjustments shall be made only in units of one cent ($0.01).

  • Annual Adjustments in Years 2 through 5 Section 3-5 At least 120 days before the anniversary date of the contract, the Owner submits the OCAF Rent Adjustment Worksheet, Form HUD 9625, Attachment 3.

  • It was agreed at Council on 3 December 2003 that the civic dignitaries allowances paid to the Mayor and Deputy Mayor be set at £12,703 and£4,234 respectively, with effect from 21 May 2003 and that these allowances would be indexed from the annual meeting each year, on the same basis as Members’ Basic and Special Responsibility Allowances, see paragraph 23 (Annual Adjustments).

  • Annual Adjustments FTA requires that PSRC review the estimates used to program FTA funds with the actual allocation approved by Congress on an annual basis and make adjustments to reconcile the two amounts as necessary.

  • Annual Adjustments FTA requires that PSRC review the estimates used to program FTA funds with the actual allocation approved by Congress on an annual basis, and make adjustments to reconcile the two amounts as necessary.

  • Medicare Part D Benefit Parameters: Annual Adjustments for Defined Standard Benefit in 2016 34 Section F.

  • The ETS will also force the Ministries to 3 See U.S. Dep’t of Labor, Mem.: 2021 Annual Adjustments to OSHA Civil Penalties (DOL-OSHA-DEP 2021-001) (Jan.


More Definitions of Annual Adjustments

Annual Adjustments means any one or more of the Annual Tax Adjustment, the Annual Maintenance Adjustment, the Annual Insurance Adjustment, and the Annual Utility Adjustment, and "Annual Adjustment" shall mean any one of these.
Sample 1
Annual Adjustments. The Base Compensation shall be adjusted (the "Annual CPI Adjustments") on each anniversary of commencement of this Agreement by increasing (but not decreasing) the Base Compensation in accordance with the cumulative increases in the Consumer Price Index ("CPI") published by the United States Department of Labor Bureau of Labor Statistics (or such successor index as is adopted by the United States Government in lieu thereof) for the Standard Metropolitan Statistical Area in which Cookeville, Tennessee, is located. Specifically, on each anniversary of this Agreement, the Base Compensation for the first year of this Agreement (the "Original Base Compensation") shall be multiplied by the cumulative 4 percentage increase in the CPI from the first year of this Agreement to the year of such adjustment. For example, if the Original Base Compensation is 100, and the CPI increase during the first year of this Agreement is 4%, then the Base Compensation for the second year of this Agreement will be 104. If the CPI increase for the second year of this Agreement is 5%, then the Base Compensation for the third year of this Agreement will be 109. (100 + 4 + 5). All CPI Adjustments shall be made to the Original Base Compensation.
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Related to Annual Adjustments

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Informal adjustment means an agreement reached among the parties, with consultation, but not the consent, of the victim of the crime or other persons specified in KRS 610.070 if the victim chooses not to or is unable to participate, after a petition has been filed, which is approved by the court, that the best interest of the child would be served without formal adjudication and disposition;

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Annual Capital Expenditure Adjustment means, for any retail Property, an amount equal to the product of (a) $0.15 multiplied by (b) the aggregate net rentable area (determined on a square feet basis) of all such Properties.

  • Working Capital Adjustment Amount means an amount equal to the difference between (i) the Working Capital of the Company as of the Closing Date and (ii) the Estimated Working Capital Amount. For the avoidance of doubt the Working Capital Adjustment Amount may be a negative number.

  • Principal Adjustment In the event that the Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to (A) the Closing Net Working Capital as finally determined pursuant to this Section 2.5 minus the Estimated Net Working Capital, plus (B) Estimated Indebtedness minus Closing Indebtedness as finally determined pursuant to this Section 2.5, plus (C) Closing Cash as finally determined pursuant to this Section 2.5 minus Estimated Cash, plus (D) Estimated Transaction Expenses minus Closing Transaction Expenses as finally determined pursuant to this Section 2.5;

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Optimal Adjustment Event With respect to any Class of Class B Certificates and any Distribution Date, an Optimal Adjustment Event will occur with respect to such Class if: (i) the Principal Balance of such Class on the Determination Date succeeding such Distribution Date would have been reduced to zero (regardless of whether such Principal Balance was reduced to zero as a result of principal distribution or the allocation of Realized Losses) and (ii) (a) the Principal Balance of any Class of Class A Certificates would be subject to further reduction as a result of the third or fifth sentences of the definition of Principal Balance or (b) the Principal Balance of a Class of Class B Certificates with a lower numerical designation would be reduced with respect to such Distribution Date as a result of the application of clause (ii) of the definition of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance or Class B-6 Principal Balance.

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Value Adjustments means cash lending revenues and other revenues on collateral in respect of a Series of ETP Securities.

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection.

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(c).

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Estimated Working Capital Adjustment has the meaning given that term in Section 2.04(a).

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;