Examples of Current CPI in a sentence
Outstanding levies will be adjusted on the first of July each year in accordance with the following formula: The formula to review a contribution rate is: Current CPI Adjusted Contribution = Current Contribution x Previous year’s CPI Payment must be made before whichever is the first to occur: • the issue of a Construction Certificate, or• the release of the Subdivision Certificate/ linen plan, or• the commencement of the use/occupation of the premises.
If on any Adjustment Date, the Current CPI exceeds the Comparative CPI, then beginning on the applicable Adjustment Date, the monthly Base Rent shall be increased to equal an amount determined by multiplying the initial Base Rent by a fraction, the numerator of which is the Current CPI and the denominator of which is the Comparative CPI.
Laws and by-laws are the most general, describing, for example, the overall authorities of a ministry or perhaps one sector within a ministry.
Note: In the event that the Current CPI is less than the previous CPI, the Current CPI shall be taken as not less than the previous CPI.
If such change is merely to redefine the base year for the CPIU from 1967 to another year, the parties shall continue to use the CPIU but shall, if necessary, convert either the Base CPI Index or the Current CPI Index to the same basis as the other by multiplying such index by the appropriate conversion factor.