Examples of Escalation Factor in a sentence
Each Rate is adjusted, on 1 January, 1 April, 1 July and 1 October in each year commencing on the first such date to occur after the Rate Set Date (each an Adjustment Date), by multiplying it by the Escalation Factor.
During credit underwriting and final cost certification, the Total Development Cost Per Unit Limitation will be reviewed again using the values in the chart below including the “Escalation Factor” of 5.0 percent, as follows:Total Development Cost Per Unit Base Limitation plus all applicable Add-Ons, then multiplied by the Escalation Factor.
The procedure for calculating Escalation Factor is given at Annexure 1.
For clarity, there will be no Annual Price Escalation Factor applied to these values.
During credit underwriting and final cost certification, the Total Development Cost Per Unit Limitation will be reviewed again using the values in the chart below including the “Escalation Factor” of 6.0 percent, as follows:Total Development Cost Per Unit Base Limitation plus all applicable Add-Ons, then multiplied by the Escalation Factor.