Comparison Date definition

Comparison Date shall have the meaning ascribed thereto in Section 2.3.
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Comparison Date means the date on which the most recent Index figure was published or issued prior to the subject Escalation Date. The “Base Date” shall mean the date on which the most recent Index figure was published prior to the Commencement Date. If the Comparison Date precedes the subject Escalation Date by more than four (4) calendar months, the CPI Index shall be deemed “no longer published or issued,” and a substitute index or procedure shall be used as provided below. If at any time prior to the subject Escalation Date the Index is no longer published or issued, the parties shall use a substitute index, if available, or a substitute procedure , to determine the “Percentage Increase” which accurately reflects the increase in prices in a representative sample of consumer goods and services in major expenditure groups, such as food, housing, apparel, transportation, health and recreation, in the Portland, Oregon metropolitan area from the Base Date to the Comparison Date. If the parties are unable to agree, within thirty (30) days after demand of one (1) party on the selection of a substitute index or procedure to replace the CPI Index, or if there is a dispute with respect to the computation of any rental adjustment as herein provided, the selection or computation shall be made by arbitration pursuant to Section 2 of this Addendum.
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Comparison Date means August 1 of the calendar year of the Adjustment Date.
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Examples of Comparison Date in a sentence

  • Landlord shall notify Tenant of each increase by a written statement which shall include the Index for the applicable Comparison Date, the Index for the applicable Rental Adjustment Date, the percentage increase between those two Indices, and the new Base Rent.

  • Landlord shall notify Tenant of each increase by a written statement which shall include the Index for the applicable Comparison Date, the Index for the applicable Rental Adjustment Date, the percentage increase between those two indices, and the new Base Rent.

  • Landlord shall notify Tenant of each increase by a written statement which shall include the Index for the applicable Comparison Date, the Index for the increase in the Base Rent provided for in this Section 3.02 shall be subject to any minimum or maximum increase, if provided for in Paragraph 1.12(a).

  • To the extent that at the Comparison Date the Program Structure amount exceeds the Guideline Structure amount, the Sponsor shall return such excess to the shareholders within 30 days after the Comparison Date.

  • The initial price for each Product (the “Price”) shall be as set forth on Exhibit A and, on January 1 of each Year, commencing on January 1, 2008, each Price shall be increased or decreased in accordance with [* * *], for and as of the immediately preceding [* * *] (the “Comparison Date”), as compared with [* * *] on the [* * *] immediately preceding such Comparison Date.

  • For example, because the rental adjustment intervals in Section 1.10(a) are twenty-four (24) months, then the Comparison Date will be a date not less than twenty-four (24) full months prior to the applicable Rental Adjustment Date.

  • In the event that the Supplier Lockbox Payment exceeds the amount owed to Supplier during any month for the Services provided hereunder, Supplier shall pay Customer the excess within ten (10) days of the Comparison Date.

  • FURNISH THE FOLLOWING INFORMATION AS TO EACH CLASS OF VOTING SECURITIES OF THE TRUSTEE: AS OF NOVEMBER 8, 1996 COL.

  • Landlord shall notify Tenant of each increase by a written statement which shall include the Index for the applicable Comparison Date, the Index for the applicable Rent Adjustment Date, the percentage increase between those two Indices, and the new Base Rent.

  • In the event the Supplier Lockbox Payment satisfies current invoices prior to the Comparison Date, the Customer Lockbox Payment shall increase -7- Initials: CSH GRC ------ ------ to one hundred percent (100%) until such time as the next invoice is rendered.


More Definitions of Comparison Date

Comparison Date means each of the third (3rd), sixth (6th) and ninth (9th) calendar anniversary of the commencement date of this Lease.
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Related to Comparison Date

  • Comparison Group means a sample group of organisations providing Comparable supply of Services which consists of organisations which are either of similar size to the Supplier or which are similarly structured in terms of their business and their service offering so as to be fair comparators with the Supplier or which, are best practice organisations;

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Measurement Date has the meaning set forth in Section 3.3(a).

  • Quarterly Valuation Date means the last Business Day of each February, May, August and November of each year, commencing on the first such date next following the Date of Original Issue of a series of MTP , except with respect to delivery of Accountant’s Confirmation in which case “Quarterly Valuation Date” shall mean such of the last Business Days of February, May, August and November in each year as is selected by S&P .

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 4; provided, however, that if a subsequent Valuation Date occurs under Paragraph 2 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 2.