CONSUMER PRICE INDEX INCREASE definition
CONSUMER PRICE INDEX INCREASE. (CPI Increase) means
CONSUMER PRICE INDEX INCREASE. (CPI Increase) means the percentage increase in the average CPI for the 8 state capital cities published by the Australian Bureau of Statistics and covering the most recent period of 12 months for which figures are available at the date the policy fee, Sum Insured or Insured Monthly Benefit is to be increased. In the event of any suspension or discontinuance of the CPI as defined above, such other index as We shall consider appropriate shall be adopted for the purposes of the Policy.
CONSUMER PRICE INDEX INCREASE means the increase in the Consumer Price Index for All Urban Consumers (“CPI-U”) of the Seattle-Tacoma-Bellevue area, as computed and published by the U.S. Bureau of Labor Statistics. The increase shall be calculated using the annual percentage change as defined as the average of the 12 most recently published months of the Consumer Price Index. In the event that the U.S. Bureau of Labor Statistics ceases publishing such data during the Term, Tacoma Power may designate a different commercially reputable source that regularly computes and publishes the Consumer Price Index.
Examples of CONSUMER PRICE INDEX INCREASE in a sentence
THIS IS A FULL SERVICE LEASE WITH NO PASS THROUGHS OR CONSUMER PRICE INDEX INCREASE.
More Definitions of CONSUMER PRICE INDEX INCREASE
CONSUMER PRICE INDEX INCREASE means the percentage of increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers as finally issued for Cleveland, Ohio by the Bureau of Labor Statistics of the United States Department of Labor, or any successor thereto, from that index as issued for the month of the execution and delivery of this Lease. In the event such index should be abolished and no substitute provided, then any index, service or publication which, in the judgment of the Lessor, most nearly provides the measurement now being provided by the Consumer Price Index shall be used in place of the Consumer Price Index.
CONSUMER PRICE INDEX INCREASE means an increase in Rent made in proportion to any decrease, but not any increase in the purchasing power of the United States dollar, by reference to the Consumer Price Index- Seattle-Tacoma-Bremerton WA - All Items - (1982-84=100) (the "PRICE INDEX") published by the Bureau of Labor Statistics of the U.S. Department of Labor, or a successor or substitute index selected by Landlord and appropriately adjusted by Landlord. A Consumer Price Index Increase shall be computed as follows:
CONSUMER PRICE INDEX INCREASE means the percentage increase of the Consumer Price Index for December of the year in question over December of the immediately preceding year.
CONSUMER PRICE INDEX INCREASE means the percentage increase of Consumer Price Index between March 1 of the prior calendar year and March 1 of the then current calendar year.
CONSUMER PRICE INDEX INCREASE means the percentage increase in the “Consumer Price Index” for the period specified. The first Consumer Price Index Increase shall be computed by subtracting the Consumer Price Index for the month and year in which the first day of the eighth Lease year occurs, from the Index for the same month occurring in the ninth Lease Year, and dividing the difference by the Consumer Price Index in effect for the earlier date. The Consumer Price Index Increase shall thereafter be calculated for each subsequent Lease Year on the same basis, except as otherwise provided in Section 23.04. For example, if the Consumer Price Index for the month of July 2024 is 220, and the Consumer Price Index for the month of July 2025 is 225, then the Consumer Price Index Increase for such period shall be computed as follows: Index for July 2025 225 Less Index for July 2024 (220) Difference 5 Difference divided by Index for July 2024 (5/220) = 2.27% Consumer Price Index Increase = 2.27%