Current Price Index definition
Current Price Index means the Price Index for the last full month prior to the effective date of the applicable adjustment of the CAM.
Current Price Index means the Price Index for the first calendar month of the Lease Year in which the Adjustment Date occurs. If the Current Price Index has not yet been published on the first calendar month of the Lease Year in which the Adjustment Date occurs, the adjustment shall be made retroactively promptly after the Current Price Index is published. “Price Index” shall mean the “Consumer Price Index of the Bureau of Labor Statistics for all Urban Consumers (CPI-U) for the United States (1982-84=100)” or a successor or substitute index promulgated by the Bureau of Labor Statistics appropriately adjusted to achieve substantially the same result had the publication of the original Price Index not been discontinued.
Current Price Index means the Price Index for the last full month prior to the effective date of the applicable adjustment of the Tenant’s Expense Share.
Examples of Current Price Index in a sentence
The Constant Price Index shall be the index for the month and year of the lease and the Current Price Index shall be the index for that month for which royalty is being calculated.
The rental shall be increased in accordance with the following: Current Price Index* -------------------- X Rental = Adjusted Base Base Price Index** Rental * Effective RCAF-U in the fourth month prior to the anniversary date of the Lease ** Effective RCAF-U at the time of the effective date of the Lease Should the RCAF-U index be re-based, the re-based series will be used to calculate the annual adjustments.
More Definitions of Current Price Index
Current Price Index means the Price Index for the month of May in the year in which the increase is being calculated. For example, the Current Price Index to be utilized in 2016 (for calculating the increase that will be effective in 2016) will be the CPI-U (as defined herein) for May of 2016, which will be as of June of 2016. The percentage difference between the Current Price Index and the Base Price Index shall be equal to the quotient of (x) the difference between the Current Price Index and the Base Price Index, divided by (y) the Base Price Index. As an example, the rent that would be due from July, 2014, through June, 2015, would be calculated in the following manner: The Price Index for May, 2013, was 232.945. The Price Index for May, 2014, was 237.900. To calculate the adjustment to the Annual Rent that would take effect beginning with the rental payment due on July 1, 2014, subtract the May, 2013, Price Index of 232.945 from the May, 2014, Price Index of 237.900, resulting in a difference of 4.955. Then, divide 4.955 by the May, 2013, Price Index of 232.945 to yield a quotient of 2.1271%. Therefore, in this example, the Annual Rent would have increased 2.1271% between July, 2013, and July, 2014. This percentage change would then be multiplied by the Annual Rent that was paid from July, 2013, through June, 2014, to derive the Annual Rent that would be due in July, 2014.
Current Price Index means the Price Index ------------------ of the two (2) month period prior to the commencement of the (12 month period) year of the Term to which the increase applies (the "Escalation ---------- Period"). -------