Index Month definition
Examples of Index Month in a sentence
The Current Index Month is the third calendar month before the Contract Anniversary.
The Base Index is the month one year before the Current Index Month.
The CPI Increase is equal to: 1) The percentage increase in Consumer Price Index from the Base Index Month to the Current Index Month; multiplied by 2) The Eligible Face Amount on the day before the increase.
The annual adjustment in the Monthly Rent shall be based upon a comparison of the C.P.I. for the Index Month next preceding the commencement of a new twelve (12) month period as compared to such C.P.I. for the Index Month for the preceding year, with Monthly Rent to be increased by the same percentage as the index for the Index Month next preceding the commencement of the new Lease year exceeds the index application to such Index Month in the preceding year.
As used herein "Index Month" shall be that calendar month which is two (2) months prior to the calendar month in which the Commencement Date falls.