Base Index definition

Base Index means the most recent Consumer Price Index published immediately prior to the Commencement Date.

Base Index means the arithmetic average of the final version of the indexes published for the months, or quarters for ECI, preceding the closing date for receipt of proposals or the date required for receipt of final proposal revisions, if discussions were held.

Base Index means the CPI for the first month of the first Lease Year.

Examples of Base Index in a sentence

• The Index in publication three (3) months before the Commencement Date shall be the "Base Index." The Index in publication three (3) months before each Adjustment Date shall be the "Comparison Index." As of each Adjustment Date, the Base Rent payable during the ensuing twelve-month period shall be determined by increasing the initial Base Rent by a percentage equal to the percentage increase, if any, in the Comparison Index over the Base Index.

• If the Comparison Index for any Adjustment Date is equal to or less than the Comparison Index for the preceding Adjustment Date (or the Base Index, in the case of First Adjustment Date), the Base Rent for the ensuing twelve-month period shall remain the amount of Base Rent payable during the preceding twelve-month period.

More Definitions of Base Index

Base Index has the meaning indicated in Section 4.2(b).

Base Index means the Index in effect on the Commencement Date.

Base Index has the meaning set forth in Section 8.1.3.

Base Index means the Price Index issued for December 31, 1998.

Base Index has the meaning set forth in Section 8.1.3.1(a) of the Comprehensive Maintenance Agreement.

Base Index means the Index as last published prior to January 1, 2000.

Base Index means the Index in effect in December of the fifth calendar year prior to each Adjustment Date.