Annual Index definition

Annual Index is the final seasonally adjusted implicit price deflator figure for the calendar year ending immediately before the Lease Year for which the adjustment is being determined, said figure being in the same column, table and survey as the Base Index. For example, in calculating the Adjusted Rental Rate, which shall apply under this Lease, assume in the second Lease Year the Base Index is 113.2, and the Annual Index is 115.2. Under these facts the Adjusted Rental Rate would be as follows: *** per barrel + [*** per barrel X 115.2 / 113.2] = *** per barrel + [*** per barrel X 1.0177] = *** per barrel + *** per barrel = *** per barrel The Adjusted Rental Rate of *** would become effective on the first day of the second Lease Year and would continue until the last day of the second Lease Year, with a new Adjusted Rental Rate to apply starting on the first day of the third Lease Year, and so on.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Annual Index is the final seasonally adjusted implicit price deflator figure for the calendar year ending immediately before the Lease Year for which the adjustment is being determined, said figure being in the same column, table and survey as the Base Index. For example, in calculating the Adjusted Rental Rate, which shall apply under this Lease, assume in the second Lease Year the Base Index is 113.2, and the Annual Index is 115.2. Under these facts the Adjusted Rental Rate would be as follows: *** + [*** X 115.2/113.2] = *** + [*** X 1.0177] = *** + *** = *** The Adjusted Rental Rate of *** would become effective on the first day of the second Lease Year and would continue until the last day of the second Lease Year, with a new Adjusted Rental Rate to apply starting on the first day of the third Lease Year, and so on. Storage Lease (Enterprise North Propane-Propylene Splitters)

Annual Index is the final seasonally adjusted implicit price deflator figure for the calendar year ending immediately before the Lease Year for which the adjustment is being determined, said figure being in the same column, table and survey as the Base Index. The Adjusted Rental Rate shall be rounded off to the fourth decimal place and shall become effective on the first day of each Lease Year. In no event will the Adjusted Rental Rate ever be less than the Base Storage Rental Rate. For example, in calculating the Adjusted Rental Rate, which shall apply under this Lease, assume in the second Lease Year the Base Index is 113.2, and the Annual Index is 115.2. Under these facts the Adjusted Rental Rate would be as follows: *** per barrel + [*** per barrel X 115.2 / 113.2] = *** per barrel + [*** per barrel X 1.0177] = *** per barrel + *** per barrel = *** per barrel The Adjusted Rental Rate of *** would become effective on the first day of the second Lease Year and would continue until the last day of the second Lease Year, with a new Adjusted Rental Rate to apply starting on the first day of the third Lease Year, and so on.

Examples of Annual Index in a sentence

The Annual Index Vesting Installment for any Fiscal Year shall not vest and shall be forfeited if none of the Annual Index Targets is achieved for such Fiscal Year.
The “base year” index will be set at the twelve month average (Annual Index Rate) documented for 2007.
The Annual Index shall be 20 determined in January of each year commencing in 1996.
The Annual Index shall be determined in January of each year 22 commencing in 1992.
The Annual Index Change shall be rounded to the nearest thousandth.
Any price adjustments will be retroactive to January 1 of the year following the year applicable to the Annual Index Change.
For clarification, the following calculations will be used for the first year adjustment: (Annual Index 2008 minus Annual Index 2007) divided by (Annual Index 2007) equals the percent adjustment to be applied February 1, 2009 through January 1, 2010.
The Annual Index shall be calculated to four (4) decimals and rounded to three (3).
As used herein, subject to Section 5.4.3, “Bottom Price” in respect of Finished Product shall mean an absolute value of [*] Euros (€ [*]) per milligram of Compound (expressed as base) subject to Annual Variation, effective as of January 1, of each year after the Effective Date, according to the Annual Index Adjustment pursuant to Section 3.3(b).

More Definitions of Annual Index

Annual Index is the final seasonally adjusted implicit price deflator figure for the calendar year ending immediately before the Lease Year for which the adjustment is being determined, said figure being in the same column, table and survey as the Base Index. The Adjusted Rental Rate shall be rounded off to the fourth decimal place and shall become effective on the first day of each Lease Year. In no event will the Adjusted Rental Rate ever be less than the Base Storage Rental Rate. For example, in calculating the Adjusted Rental Rate, which shall apply under this Lease, assume in the second Lease Year the Base Index is 113.2, and the Annual Index is 115.2. Under these facts the Adjusted Rental Rate would be as follows: *** + [*** X 115.2 / 113.2] = *** + [*** X 1.0177] = *** + *** = *** The Adjusted Rental Rate of *** would become effective on the first day of the second Lease Year and would continue until the last day of the second Lease Year, with a new Adjusted Rental Rate to apply starting on the first day of the third Lease Year, and so on.