CPI Adjustment Year definition

CPI Adjustment Year. The calendar year next following the year in which the Commencement Date occurs, if the Commencement Date occurs between January 1 and June 30, or the second calendar year following the year in which the Commencement Date occurs, if the Commencement Date occurs between July 1 and December 31.
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CPI Adjustment Year means the calendar year next following the year in which the Commencement Date occurs, if the Commencement Date occurs between January 1 and June 30, or the second calendar year following the year in which the Commencement Date occurs, if the Commencement Date occurs between July 1 and December 31.
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CPI Adjustment Year. 120 EXHIBIT E EXAMPLE OF CALCULATION OF PERCENTAGE RENT [TO FOLLOW] [NEED TO DISCUSS: hotels budgeted (scheduled) to be closed for renovations: Rent shall be reduced to $0 as long as the hotel is budgeted (scheduled) to be closed, meaning 80% or more rooms out of service; Rent shall be prorated if the hotel is open but less than 80% of rooms are budgeted (scheduled) to be out of service. If less than 80% of rooms are out of service, Rent shall be reduced by the percentage of rooms out of service.] 121 EXHIBIT B-2 Capital Expenditures Policy [To be agreed upon by FelCor and BHR prior to the Closing Date] 122 EXHIBIT C Form Guaranty GUARANTY In order to induce Lessors to lease the Leased Property covered by the Percentage Leases to Lessees, the undersigned ("Guarantor") hereby guarantees to Lessor, and Lessor's successors and assigns, the full and timely payment of Rent payable under the Percentage Leases; provided, however, that Guarantor's liability hereunder shall be limited to any deficiency amount by which Lessee fails to satisfy the Minimum Liquid Net Worth requirements under Section 5 of that certain Master Hotel Agreement dated as of May 29, 1998, between affiliates of Lessors and Lessees ("Master Hotel Agreement"). This Guaranty is a primary obligation of Guarantor, joint and several with that of Lessee, and Guarantor acknowledges that this Guaranty and its obligations under this Guaranty are and shall at all times be absolute and unconditional in all respects, and is and shall at all times be valid and enforceable, irrespective of any other agreements or circumstances of any nature whatsoever which might otherwise constitute a defense to this Guaranty and the obligations of the undersigned under this Guaranty or the obligations of Lessee relating to this Guaranty or otherwise with respect to the Lessee's Obligations. Guarantor agrees that, with or without notice or demand; provided that if and to the extent any such notice is required under the applicable provision of the Lease Lessor agrees to provide the same, Guarantor will promptly reimburse Lessor for all costs and expenses (including, without limitation, reasonable attorneys' fees and disbursements) incurred by Lessor in connection with any action or proceeding brought by Lessor to enforce the obligations of the undersigned under this Guaranty. The undersigned hereby irrevocably and unconditionally waives any and all right to trial by jury in any action, suit or counterclaim arising in connec...
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Examples of CPI Adjustment Year in a sentence

  • By way of example, if the CPI Adjustment Year were 2004, the amount of Base Rent and the threshold Room Revenues amounts in the Period Revenues Computations for the Fiscal Year commencing January 1, 2005 would be adjusted to reflect any change in the average Consumer Price Index from the Fiscal Year ended December 31, 2003 as compared to the Fiscal Year ended December 31, 2004.

  • By way of example, if the CPI Adjustment Year were 2000, the amount of Base Rent and the threshold Room Revenues amounts (and Food Sales and Beverage Sales amounts, if applicable) in the Quarterly Revenues Computations and Annual Revenues Computations for the Fiscal Year commencing January 1, 2000 would be adjusted to reflect any change in the Consumer Price Index from the Fiscal Year ended December 31, 1998 as compared to the Fiscal Year ended December 31, 1999.

  • By way of example, if the CPI Adjustment Year were 2002, the amount of Base Rent for the Fiscal Year commencing January 1, 2003 would be adjusted to reflect any change in the average Consumer Price Index from the Fiscal Year ended December 31, 2001 as compared to the Fiscal Year ended December 31, 2002.

  • By way of example, if the CPI Adjustment Year were 2002, the amount of Base Rent and the threshold Room Revenues amounts in the Period Revenues Computations for the Fiscal Year commencing January 1, 2003 would be adjusted to reflect any change in the average Consumer Price Index from the Fiscal Year ended December 31, 2001 as compared to the Fiscal Year ended December 31, 2002.

  • By way of example, if the CPI Adjustment Year were 2004, the amount of Base Rent and the threshold Room Revenues amounts in the Period Revenues Computations for the Fiscal Year commencing January 1, 2004 would be adjusted to reflect any change in the average Consumer Price Index from the Fiscal Year ended December 31, 2003 as compared to the Fiscal Year ended December 31, 2002.

  • By way of example, if the CPI Adjustment Year were 2002, the amount of Base Rent and the threshold Room Revenues amounts (and Food Sales and Beverage Sales amounts, if applicable) in the Quarterly and Annual Revenues Computations for the Fiscal Year commencing January 1, 2002 would be adjusted to reflect any change in the average Consumer Price Index from the Fiscal Year ended December 31, 2000 as compared to the Fiscal Year ended December 31, 2001.

Related to CPI Adjustment Year

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Payment Year means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment “for a Payment Year” mean the Initial Year Payments or Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Assessment year means the period of twelve months commencing on the 1st day of April every year;

  • Agreement Year means a period of 12 months beginning on the Effective Date and each subsequent anniversary thereof.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Adjustment Day means the first calendar day in each month.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Adjustment Period means the period from the Effective Date up to and including the Expiry Time;

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 86.20% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;