CPI Escalation definition

CPI Escalation means the following formula:
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CPI Escalation as used in this Agreement means multiplying the dollar figure which is the subject of the escalation by a fraction the denominator of which is the CPI Index for December, 1986 and the numerator of which is the CPI Index for the month prior to the month in which the particular determination, change or the like is made. The term "CPI Index" as used in this Agreement refers to the Consumer Price Index of the Bureau of Labor Statistics of the US Department of Labor for Urban Wage Earners and Clerical Workers, Miami, Florida (1982-84=100), "All Items." If the compilation and/or publication of the CPI Index shall be transferred to any other governmental department or bureau or agency or shall be discontinued, then the Index most nearly the same as the CPI Index shall be used to make such calculation.
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CPI Escalation means an increase in Fixed Rent by an amount equal to the product of (A) the Fixed Rent for the immediately preceding twelve (12)-month period (as increased by all prior increases in the CPI), and (B) the increase in CPI during such immediately preceding twelve (12)-month period; provided, however, that the CPI Escalation shall never be less than zero.
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Examples of CPI Escalation in a sentence

  • Each of the dollar amounts specified in (i), (ii), and (iii) above is subject to CPI Escalation.

  • Furthermore, any contracts having an estimated cost of less than $50,000 (subject to CPI Escalation) may be entered into by the Manager without compliance with the requirements specified in the prior sentence, but after reasonable attempts to consult with the Representatives, provided the estimated cost thereof does not cause the budget applicable to the particular Business Unit, including the contingency amount therein, to be exceeded.

  • For purposes of computing the amount of Rent herein that would have accrued after the time of award, Tenant's Prorata Share of Taxes and Operating Expenses, and CPI Escalation Amounts, shall be projected, based upon the average rate of increase, if any, in such items from the Commencement Date through the time of award.

  • The “CPI Percentage” shall equal the fraction (i) whose numerator equals the monthly Index published immediately prior to the CPI Escalation Year (or the nearest reported previous month) and (ii) whose denominator is the same monthly Index published immediately prior to the calendar year that preceded the CPI Escalation Year (or the nearest reported previous month).

  • The Customer agrees to pay AGL the Energy Charges for the electricity AGL sells to the Customer at each Premises calculated in accordance with the Energy Charge Rates for each Premises (as those Energy Charge Rates are reviewed annually in accordance with the CPI Escalation Formula, unless noted otherwise in Schedule 1).

  • Lessor shall compute the CPI Escalations and send a notice, with calculations, to Lessee setting forth the adjusted Minimum Base Rent within sixty (60) days of the commencement of each CPI Escalation Date or as soon as such Index is available.

  • The CPI Escalation of the Minimum Base Rent shall be equal to Minimum Base Rent in effect for the immediately preceding Lease Year plus the product of that Minimum Base Rent multiplied by the “CPI Percentage” (as defined below).

  • The Security Deposit shall be adjusted according to the CPI Escalation on the CPI Escalation Dates, simultaneously with the CPI escalation of Minimum Base Rent (“Adjusted Security Deposit”).

  • The CPI Escalation of the minimum hourly wage rates for the CPI Escalation Year shall be equal to the minimum hourly wage rates in effect for the calendar year immediately preceding the CPI Escalation Year multiplied by the CPI Percentage (as defined below).

  • From and after the tenth (10th) Lease Year through the end of the Term, the Fixed Rent during each Lease Year (as previously increased by all prior CPI Escalation) shall be increased by the CPI Escalation.


More Definitions of CPI Escalation

CPI Escalation means the following formula: A = B x CPIn
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CPI Escalation means the increase, if any, in CPI from the date or period from which CPI is measured to the date or period to which CPI is to be measured, stated as a percentage. (The foregoing may be illustrated by the following example: Assume CPI for the initial date is 100; assume also that CPI for the date to which CPI is to be measured is 110. CPI Escalation for such period would be 10%.) -62- Closing on the purchase ("Closing") shall occur on the date specified in Tenant's notice, but in no event later than 30 days after Tenant gives its notice of exercise of its right to purchase the Purchase Lot. At the Closing Tenant shall pay to Landlord the balance (taking into account the deposit, if any) of the Purchase Price, in current U.S. exchange and by certified or bank check drawn on a Boston clearinghouse bank (or by federal funds wire transfer if Landlord so directs). At the Closing, Landlord shall deliver a quitclaim deed conveying Landlord's interest in the Purchase Lot, subject to existing laws, real estate taxes not yet due and payable, eminent domain takings, damage by casualty, matters which would be shown on a current survey, parties in possession and the encumbrance of this Lease (and any encumbrances arising hereunder), and any easements, rights or restrictions of record existing on the Commencement Date or permitted by Section 2.1. Should Landlord be unable to deliver such title at the Closing, then the Closing shall be extended for up to 60 days to permit Landlord to deliver such title (Landlord being under no obligation to expend any funds in excess of an amount equal to the deposit to deliver such title), and if at such extended Closing Landlord is still unable to perform, then at Tenant's election, either ▇▇▇▇▇▇'s obligation to purchase will cease (in which case the deposit will be refunded), or Tenant will accept such title as Landlord can then convey and shall pay the balance of the Purchase Price without deduction. Should Tenant fail to perform at the Closing, time being of the essence, then Landlord may retain the deposit as liquidated damages, and at Landlord's election at any time thereafter by written notice to Tenant, may also terminate this Lease effective upon the date set forth in a notice thereof from Landlord to Tenant. The parties intend that ▇▇▇▇▇▇'s right to purchase and right of first offer are personal to Tenant alone, shall not be assignable except to an assignee of Tenant's leasehold interest in a permitted transfer under Section 5...
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CPI Escalation means escalation or de-escalation by a percentage equal to the whole of the percentage movement in the CPI where such percentage shall be 2 percent or more above or below the CPI at the end of the corresponding Quarter in the previous year taking the CPI for the Quarter ending as at the Development Date as the base and "CPI Escalated" has a corresponding meaning.
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CPI Escalation means the sum from time to time of each five successive years' percentage increase in the CPI commencing in the case of the initial five Lease Years with CPI with a period which includes the Date of Lease Execution (June 1, 1992), and for each subsequent five Lease Years commencing with CPI for each subsequent five year anniversary of the Date of the Lease Execution (June 1, 1992), but no percentage increase shall be included to the extent that such increase in CPI exceeds 5% per annum for such period and if there is no percentage increase in CPI or a percentage increase in CPI of less than 3% per annum for such period, then for the purposes of calculating "CPI Escalation" 3% shall be included as the annual percentage increase for such period. Notwithstanding any provisions of the Existing Lease, as amended hereby, to the contrary, the parties hereby acknowledge and agree that the CPI Escalation for the initial five Lease Years is 16.1%." The last sentence of Section 4.1.3 of the Existing Lease is hereby deleted in its entirety, and the following text shall be substituted therefor: "Accordingly, the CPI escalation for Lease Years l-5 is 23.03% (4% + 4.16% + 4.87% + 5% (because 5.65% exceeds the 5% cap) + 5% (because 5.93% exceeds the 5% cap))."
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CPI Escalation means: (i) the Annualized Base Rent for the prior Lease Year; plus
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Related to CPI Escalation

  • De-escalation means the use of a behavior management technique that helps a student increase the student’s control over the student’s emotions and behavior and results in a reduction of a present or potential level of danger that in turn reduces the level of imminent danger of serious physical harm to the student or others.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Base Year means the period set forth in Section 5 of the Summary.

  • CPI-W is defined as the Consumer Price Index for Urban Wage Earners and Clerical Workers (Area: Boston-Brockton-Nashua, MA-NH-ME-CT; Base Period: 1982-1984+100) as published by the United States Department of Labor, Bureau of Labor Statistics.