Annual CPI Adjustment definition

Annual CPI Adjustment means an annual adjustment to the amount of the rental payment compared to the previous year, in an amount equivalent to the increase, if any, to the rate of inflation as determined by the Consumer Price Index (normally released by Statistics Canada in January of each year) which shall occur annually every February 1st from 2016 through the duration of the Term. If during the course of this Agreement, February 1st in any given year does not fall on a Business Day, the Annual CPI Adjustment for that particular year will occur on the next Business Day. There will be no adjustment in the event of a decrease in the said rate of inflation.
Sample 1Sample 2Sample 3
Annual CPI Adjustment means an annual adjustment to the amount of the Rent compared to the previous year, in an amount equivalent to the increase, if any, to the rate of inflation as determined by the Consumer Price Index (normally released by Statistics Canada in January of each year) which shall occur annually every February 1st from 2020 through the duration of the Term. If during the Term of this Lease, February 1st in any given year does not fall on a business day, the Annual CPI Adjustment for that particular year will occur on the next business day. There will be no adjustment in the event of a decrease in the said rate of inflation;
Sample 1Sample 2
Annual CPI Adjustment means an annual adjustment to the amount of the payment compared to the previous year, in an amount equivalent to the increase, if any, to the rate of inflation as determined by the Consumer Price Index (normally released by Statistics Canada in January of each year) which shall occur annually through the duration of the Term.
Sample 1

Examples of Annual CPI Adjustment in a sentence

  • In the event that the Annual CPI Adjustment indicates a rate increase in excess of seven percent (7%), the Annual CPI Adjustment in excess of seven percent (7%) shall be carried over and implemented in the succeeding year, as necessary, provided that the CPI Increase for any year shall not exceed seven percent (7%) per year.

  • Accordingly, on an annual basis following the Commencement Date, the Rent shall increase or decrease by way of Annual CPI Adjustment for Ontario, as defined herein and determined by Statistics Canada.

  • At the beginning of each twelve-week period, the Management Assistant and the supervisory manager in the rotation shall review assigned project objectives, assignments and performance standards.

  • The Tenant shall pay to the Landlord a rental rate of $10.37 per square foot for the base year 2015, calculated on an aggregate area of 7,068 square feet, subject to an annual increase thereafter, if any, by way of Annual CPI Adjustment for Ontario as determined by Statistics Canada, together with any increases resulting from a revision to Section 1.7 or negotiation pursuant to Section 1.8 of the Lease Rate Policy (hereinafter, the “Annual Payment”).

  • If during the Term of this Lease, February 1st in any given year does not fall on a business day, the Annual CPI Adjustment for that particular year will occur on the next business day.

  • Open Public Hearing to Consider Annual CPI Adjustment to Service Fees and Charges Contained within Ordinance No. 28, and adoption of Resolution No. 2020-03.

  • The Tenant shall pay to the Landlord a rental rate of $10.17 per square foot for the base year 2014, calculated on an aggregate area of 7782.38 square feet, subject to an annual increase thereafter, if any, by way of Annual CPI Adjustment for Ontario as determined by Statistics Canada, together with any increases resulting from a revision to Section 1.7 or negotiation pursuant to Section 1.8 of the Lease Rate Policy (hereinafter, the “ Payment”).

  • The Tenant shall pay to the Landlord beginning in the 2015 calendar year through the remainder of the Term, including any renewals thereof, an annual amount of Eighty Thousand One Hundred and Fourteen dollars and Fifty Eight Cents ($80,114.58), subject to an annual increase by way of Annual CPI Adjustment, if any, together with any increases resulting from a revision to Section 1.7 or negotiation pursuant to Section 1.8 of the Lease Rate Policy (hereinafter, the “ Payment”).

  • The Tenant shall pay to the Landlord beginning in the 2015 calendar year through the remainder of the Term, including any renewals thereof, an annual amount of Eighty Thousand One Hundred and Fourteen dollars and Fifty Eight Cents ($80,114.58), subject to an annual increase by way of Annual CPI Adjustment, if any, together with any increases resulting from a revision to Section 1.7 or negotiation pursuant to Section 1.8 of the Lease Rate Policy (hereinafter, the “Payment”).

  • RENT Monthly Base Rent: $ 1,035.86, +$ 1,241.87 Annual Special Event Fee. Annual CPI Adjustment to Base Monthly Rento No more than 8% annual increase SECURITY DEPOSIT 2 times the monthly base rent CARDON ENTERPRISES, LLC.

Related to Annual CPI Adjustment

  • 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.

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

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

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • 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.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • SOFR Adjustment means 0.10% (10 basis points).

  • 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;

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

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Credit Adjustment shall have the meaning specified in Section 3.02.

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

  • 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.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

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

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Inflation adjustment means that term as defined in the master settlement agreement.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of 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 and Class B-6 Optimal Principal Amount.

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Lot line adjustment means the relocation of the property boundary line in a