Annual Escalation definition

Annual Escalation means an inflation based adjustment to the Service Charges for service which shall be calculated annually utilizing the Agreed Index. Annual Escalation will be effective January 1 of each calendar year. The invoicing of Annual Escalation will be implemented, and back invoiced as appropriate, on the next applicable invoice date in each calendar year after when the BLS releases the relevant inflation index information.
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Annual Escalation means the amount by which the charges are increased from time- to-time and set out in clause 10.6 hereunder;
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Annual Escalation means the Consumer Price Index (BES Series ID: CUURA208SA0) for the Detroit Metro Region (Detroit-▇▇▇ Arbor-Flint, MI), as published by the United States Department of Labor, Bureau of Labor Statistics, for which the base year is 1982-84 = 100, or if such publication ceases to be in existence, a comparable index selected by MDOT and approved by the Project Company, acting reasonably. If such index is revised so that the base year differs from that specified above, the Annual Escalation Rate shall be converted in accordance with the conversion factor published by the United States Department of Labor, Bureau of Labor Statistics. If the Bureau of Labor Statistics otherwise alters its method of calculating such index, including modifying the cities representing the Detroit Metro region, the Parties shall mutually determine appropriate adjustments in the affected index.
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Examples of Annual Escalation in a sentence

  • The Annual Escalation % shall be applied 100% to personnel salaries (unless otherwise authorized by the City Manager), and not to be applied as an increase to the contractor’s Burden %.

  • The Rate of Return and the Annual Escalation Rate reflected in the initial Exhibit C shall remain the same throughout the term of this Grant of Term Easement.

  • As of January 1 of each calendar year (commencing with January 1, 2016), the Operator Liability Limit will be increased by an amount equal to the sum of (i) the then applicable Operator Liability Limit plus (ii) the product of the Annual Escalation Factor multiplied by the then applicable Operator Liability Limit.

  • For each annual Access Term after the initial Access Term, the Services fee automatically increases by the annual escalation stated on the Order or, if none is stated, by 3% ("Annual Escalation").

  • Notwithstanding the above, in no event shall the Gathering Fee for the term of the Agreement exceed [***] or be less than [***] excluding adjustments to the Gathering Fee that result from operation of the following provisions in the Gathering and Treating Agreement: Subsection 4.2 (Annual Escalation), Subsection 9.2 (Annual Volume Commitments), Subsection 10 (Favored Nations), and Subsection 8.1(c) (Pressure), Section 6 (Expansion Capacity), and Section 7 (Additional Services).

  • Modifications in the lease contract amount, Annual Escalation charges and any other service charges shall be performed based on the order of finance Department, Govt of Kerala.

  • If the Annual Escalation for the relevant twelve-month period is negative then it shall be deemed to be zero for the purpose of the Agreement.

  • Third Party Content and third party software fee increases may exceed the Annual Escalation.

  • Operating cost escalation is "[Insert Operating Cost Annual Escalation]" to be added to the annual operating cost beginning on the first day of the 13th month of occupancy and annually thereafter.

  • Annual Escalation The Monthly Fee will escalate annually on the first day of [●] each year in line with CPI (or at such other comparable rate as may be notified in writing by the Provider to the Customer on no less than 30 days' written notice).