CPI Adjustment Date definition
Examples of CPI Adjustment Date in a sentence
Such fraction shall not exceed, for any CPI Adjustment Date, an amount in excess of one hundred percent, multiplied by the number of CPI Adjustment Dates that have then occurred (including the present one).
Landlord shall give Tenant written notice indicating the adjusted Base Rent and the method of computation, and, on or before the first day of the first calendar month following Tenant's receipt of such written notice, Tenant shall pay to Landlord an amount equal to the underpayment of Base Rent by Tenant for the period from the CPI Adjustment Date until such date.
If the Adjustment Index has increased over the Beginning Index since the last CPI Adjustment Date, then the monthly Base Rent for the next Lease Year shall be increased by multiplying the amount of the last payment of monthly Base Rent by a fraction, the numerator of which is the Adjustment Index and the denominator of which is the Beginning Index.
Adjustments calculated as set forth above in the Base Rent and threshold dollar amounts of Hotel Revenues shall be effective on each CPI Adjustment Date.
By way of example, on the first CPI Adjustment Date, the amount of Base Rent and the threshold dollar amounts of Hotel Revenues in the Revenues Computations for the Fiscal Year commencing January 1, 2005 shall be adjusted to reflect any change in the average Consumer Price Index for the twelve months ended September 30, 2004 as compared to the twelve months ended September 30, 2003.