CPI Formula definition

CPI Formula means the sum of the Consumer Price Index for the year ending with the month of April of the then-current Lease Year, minus the Consumer Price Index for the year ending with the month of April of the Lease Year immediately preceding the then-current Lease Year.
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CPI Formula means the sum of the Consumer Price Index for the year ending with the month of December of the then-current Lease Year, minus the Consumer Price Index for the year ending with the month of December of the Lease Year immediately preceding the then-current Lease Year. If the Consumer Price Index for All Urban Consumers is discontinued, then any successor Consumer Price Index of the United States Bureau of Labor Statistics, or successor agency thereto, as selected by the City and Lessee, shall be used, and if there is no successor Consumer Price Index, the City shall designate a substitute price adjustment index and formula subject to the reasonable approval of Lessee.
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CPI Formula means the sum of the Consumer Price Index for the month of October of the then-current Lease Year, minus the Consumer Price Index for October of the Lease Year immediately preceding the then-current Lease Year. If the Consumer Price Index for All Urban Consumers is discontinued, then any successor Consumer Price Index of the United States Bureau of Labor Statistics, or successor agency thereto, as selected by the City and Lessee, shall be used, and if there is no successor Consumer Price Index, the City shall designate a substitute price adjustment index and formula subject to the reasonable approval of Lessee.
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Examples of CPI Formula in a sentence

  • If Tenant wishes to exercise Tenant's option to extend the Lease Term, then Tenant shall give Landlord notice of such exercise not later than the fifty-second (52nd) monthly anniversary of the Commencement Date, and in such notice shall elect to have rent established pursuant to either subsection (c) below (CPI Formula Adjustment) or subsection (d) below (Fair, Market Rent).

  • From and after the first (1st) anniversary of the Commencement Date, on the first day of the first full calendar month thereafter (the "Adjustment Date") and on every anniversary of the Adjustment Date thereafter, Base Rent shall be adjusted by applying the CPI Formula set forth below.

  • In no event shall the monthly Base Rent adjustment based upon the CPI Formula result in an increase greater than three percent (3%) of the Base Rent payable in the month preceding the applicable adjustment.

  • The "CPI Formula" means Base Rent for the first full month after the Commencement Date multiplied by a fraction, the numerator being the Index published for the month immediately preceding the month in which the adjustment is to be effective (the "New Index"), and the denominator being the Base Index.


More Definitions of CPI Formula

CPI Formula means Base Rent for the first full month after the Commencement Date multiplied by a fraction, the numerator being the Index published for the month immediately preceding the month in which the adjustment is to be effective (the "New Index"), and the denominator being the Base Index. If the Index is changed so that the Index differs from that used as of the Commencement Date of the Lease, the Index shall be converted in accordance with the conversion factor published by the United States Department of Labor, Bureau of Labor Statistics. If the Index is discontinued or revised during the Term of this Lease, such other governmental Index or computation with which it is replaced shall be used in order to obtain substantially the same results as would be obtained if the Index had not been discontinued or revised.
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CPI Formula means B – A where:
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CPI Formula means the sum of the CPI for the month of August (published by BLS in September) of the then-current Lease Year, minus the CPI for August of the Lease Year immediately preceding the then-current Lease Year. If the CPI for All Urban Consumers is discontinued, then any successor CPI of the United States Bureau of Labor Statistics, or successor agency thereto, as selected by the City and Lessee, shall be used, and if there is no successor CPI, the City shall designate a substitute price adjustment index and formula subject to the reasonable approval of Lessee.
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CPI Formula means the formula set out in Clause 4.12.1.
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Related to CPI Formula

  • Payout Formula means as to any Performance Period, the formula or payout matrix established by the Committee pursuant to Section 3.4 in order to determine the Actual Awards (if any) to be paid to Participants. The formula or matrix may differ from Participant to Participant.

  • Formula means the appropriate secondary road fund distribution formula or farm-to-market road fund distribution formula as defined in subrules 102.2(2) and 102.2(3).

  • Accrual Components As specified in the Preliminary Statement.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.