Examples of CPI Change in a sentence
Effective the first day of the fourth year of the Primary Term ("First Rent Adjustment Date"), and on every three-year anniversary of the First Rent Adjustment Date during the Primary Term, Basic Rent shall be increased by any increase in the Consumer Price Index expressed as a percentage from the Commencement Date through the date of adjustment (the "CPI Change"), but in no event shall such adjustment exceed the Estimated Change (as defined in Section 3.1.3 below).
Commencing on the first Rent Adjustment Date and on each Rent Adjustment Date thereafter, the monthly installment of Base Rent shall increase by an amount equal to 1/12th of the Annual Rent Increase; provided, however, that if the CPI Change as of the Rent Adjustment Date is 0% or less, there shall not be an Annual Rent Increase for such Lease Year and the Base Rent will be equal to the Base Rent payable for the prior Lease Year.
The Annual CPI Change would be, for any January 1, the fraction (expressed as a number rounded to four decimal places) as determined on the immediately preceding December 15th (or the first Business Day thereafter on which relevant CPI figures are publicly available) equal to the quotient obtained by dividing the simple Annex B.SYS.0 Continental Airlines/ExpressJet Airlines, Inc.
Likewise, if such Index shall be modified as to components, computing methods or otherwise, Landlord may fix by CPI Change Notice an alternate index or method, as aforesaid, or Landlord may utilize an appropriate conversion factor so as to achieve substantially the same result as would have been obtained if the Consumer Price Index in effect and as computed, calculated and constituted on the Rent Commencement Date were still then in effect.
The maximum pension specified in Subsection 11.04 shall be adjusted on January 1 of each year following the year of pension commencement by applying the then applicable CPI Change.