CPI Multiplier definition

CPI Multiplier means the change, expressed as a percentage, in the Consumer Price Index for urban wage earners and clerical workers, U.S. City Average, All Items (1982-1984=100) published by the United States Department of Labor, Bureau of Labor Statistics or the most recent successor of that index (the “CPI”) (i) for the Annual Adjustment for 2008, from the third-quarter average of 2006 to the third-quarter average for 2007, and (ii) for the Annual Adjustment for 2009, from the third-quarter average of 2007 to the third-quarter average for 2008; provided, however, that (A) if the change in the CPI for any measuring period is less than 3.5%, then the CPI Multiplier as determined from such change shall be 3.5%, and (B) if the change in the CPI for any measuring period is greater than 7%, then the CPI Multiplier as determined from such change shall be 7%.
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CPI Multiplier means the change, expressed as a percentage, in the Consumer Price Index for urban wage earners and clerical workers, U.S. City Average, All Items (1982-1984=100) published by the United States Department of Labor, Bureau of Labor Statistics or the most recent successor of that index (the “CPI”) (i) for the Annual Adjustment for 2008, from the third-quarter average of 2006 to the third-quarter average for 2007, and (ii) for the Annual Adjustment for 2009, from the third-quarter average of 2007 to the third-quarter average for 2008; provided, however, that (A) if the change in the CPI for any measuring period is less than 3.5%, then the CPI Multiplier as determined from such change shall be 3.5%, and (B) if the change in the CPI for any measuring period is greater than 7%, then the CPI Multiplier as determined from such change shall be 7%. Employer agrees that during the term of this Agreement Executive’s Base Salary shall not be reduced below its then-current level unless a salary reduction is imposed by Employer generally on a group-wide basis as a result of financial difficulty, in which case Executive shall be subject to the same salary reduction as other employees of Employer within the identified group.
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CPI Multiplier means the most recently calculated and published change, expressed as a percentage, in the Consumer Price Index for urban wage earners and clerical workers, U.S. City Average, All Items (1982-1984=100) published by the United States Department of Labor, Bureau of Labor Statistics or the most recent successor of that index (the “CPI”) from the second most recent third-quarter average to the most recent third-quarter average; provided, however, that if the change in the CPI for any measuring period is greater than 3.5%, then the CPI Multiplier as determined from such change shall be 3.5%. For avoidance of confusion, the Employer and the Executive acknowledge and agree that the change in the CPI contemplated under this definition is the change announced annually in October by the U.S. Social Security Administration.
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Examples of CPI Multiplier in a sentence

  • On the first Day of each applicable Agreement Year (each such date being referred to as an "Adjustment Date"), Facility Rent shall be increased to an amount equal to the greater of either: (i) the product of the Facility Rent in effect immediately preceding the Adjustment Date, multiplied by the "CPI Multiplier" (as hereinafter defined); or (ii) the product of the Facility Rent in effect immediately preceding the Adjustment Date, multiplied by 1.03.

  • On each Adjustment Date (except as provided in Section 4.4) the rent shall be increased to an amount equal to the greater of: (a) the product of the rent for the immediately preceding Lease Year, multiplied by the "CPI Multiplier" (as hereinafter defined); or (b) the product of the rent for the immediately preceding Lease Year, multiplied by 1.03.

  • The CPI Multiplier is calculated annually by the City’s Director of Finance by dividing the most recently published Consumer Price Index for all Urban Consumers All Items Index for Philadelphia, Pennsylvania, by the most recently published Consumer Price Index for all Urban Consumers (“CPI-U”) of each calendar year.

  • CPI = The CPI Multiplier between the date the Access Charge is varied and the date one year before that date.

  • CPI Multiplier = [⚫] [Note: TBC.] If CPI is not published for any reason the parties will endeavour to agree on a substitute index.

  • EXHIBIT B RATE RESOLUTION EXHIBIT C RATE ADJUSTMENT CALCULATIONS AND EXAMPLES Determination of CPI Multiplier The Consumer Price Index (CPI) used shall be the Consumer Price Index – All Urban Consumers for the Los Angeles-Riverside-Orange County, CA Area, not seasonally adjusted, all items index, annual average.

  • The CPI Multiplier is calculated annually by the City’s Director of Finance by dividing the most recently published Consumer Price Index for all Urban Consumers All Items Index for Philadelphia, Pennsylvania, by the most recently published Consumer Price Index for all Urban Consumers (CPI-U) of each calendar year.

  • Unless otherwise agreed between Aurizon and the Operator, the Charges will, on each 1 July after the Commencement Date during the Term, be varied in accordance with the following formula (provided that it may not, in any case, be decreased): An = An-1x CPI Multiplier where: An = The relevant element of the Charge to apply from 1 July of the year ‘n’.

  • For purposes of determining the minimum hourly wage required, the CPI Multiplier is calculated annually by the City’s Director of Finance by dividing the most recently published Consumer Price Index for all Urban Consumers (CPI-U) as of each January 1 by the most recently published as of January 1, 2015.

  • Absent a waiver, an Employer subject to Chapter 17-1300 shall pay each Employee an hourly wage, excluding benefits, equal to: Effective Date between July 1, 2020, and June 30, 2021, $13.75; Effective Date between July 1, 2021, and June 30, 2022, $14.25; Effective Date between July 1, 2022, and June 30, 2023, $15.00; and Starting July 1, 2023, and thereafter, $15.00 multiplied by the CPI Multiplier, provided that the minimum wage shall not be less than the previous year’s minimum wage.


More Definitions of CPI Multiplier

CPI Multiplier between any two times means:
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CPI Multiplier between any two times means: the CPI for most recent March Quarter at the more recent time, divided by, the CPI for the most recent March Quarter at the less recent time.
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CPI Multiplier shall be based upon the "CPI," which is the Consumer Price Index for All Urban Consumers, U.S. City Average for All Items (Index period: 1982-84 = 100), as published without seasonal adjustment by the United States Department of Labor, Bureau of Labor Statistic ("Bureau"). If, from time to time at any time after the date of this Lease, the Bureau of Labor Statistics changes it procedure for calculating the CPI or the index period for the CPI, all CPI's used herein shall be determined using the Bureau's revised CPI.
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CPI Multiplier is defined in Section 6.3, below.
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Related to CPI Multiplier

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: Long-Term Ratings* Fitch Applicable Multiplier AAA to AA- 100% A+ to A- 000% BBB+ to BBB- 140% *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Multiplier means 1.0.

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • Spread Multiplier is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Fully Diluted Weighted Average Basis means, when calculating the number of Outstanding Units for any period, a basis that includes (a) the weighted average number of Outstanding Units during such period plus (b) all Partnership Interests and Derivative Partnership Interests (i) that are convertible into or exercisable or exchangeable for Units or for which Units are issuable, in each case that are senior to or pari passu with the Subordinated Units, (ii) whose conversion, exercise or exchange price, if any, is less than the Current Market Price on the date of such calculation, (iii) that may be converted into or exercised or exchanged for such Units prior to or during the Quarter immediately following the end of the period for which the calculation is being made without the satisfaction of any contingency beyond the control of the holder other than the payment of consideration and the compliance with administrative mechanics applicable to such conversion, exercise or exchange and (iv) that were not converted into or exercised or exchanged for such Units during the period for which the calculation is being made; provided, however, that for purposes of determining the number of Outstanding Units on a Fully Diluted Weighted Average Basis when calculating whether the Subordination Period has ended or Subordinated Units are entitled to convert into Common Units pursuant to Section 5.7, such Partnership Interests and Derivative Partnership Interests shall be deemed to have been Outstanding Units only for the four Quarters that comprise the last four Quarters of the measurement period; provided, further, that if consideration will be paid to any Group Member in connection with such conversion, exercise or exchange, the number of Units to be included in such calculation shall be that number equal to the difference between (x) the number of Units issuable upon such conversion, exercise or exchange and (y) the number of Units that such consideration would purchase at the Current Market Price.

  • Inflation Factor means a number determined for each tax year by dividing the consumer price index for June of the tax year by the consumer price index for June 2005.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any day if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.5%

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Stress Factor means 2.25.

  • Class Factor As to any date of determination and any Class of Certificates (other than the Interest Only Classes and the Residual Certificates), a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class plus, in the case of each Accrual Class, all interest that has accrued on the Certificates of such Class prior to such date of determination and been added to the Class Balance thereof, less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination and the denominator of which is the original Class Balance of such Class. As to any date of determination and any Interest Only Class, a fraction, the numerator of which is the percentage of the balance specified for such purpose under “Reference Sheet–Notional Classes” in the Prospectus Supplement (or, if applicable, the sum of the applicable percentages of the balances so specified) and the denominator of which is the original Class Balance thereof. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Average VWAP means the average of the VWAPs for each Trading Day in the relevant period.

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.