Month of Adjustment definition

Month of Adjustment and "Base Month," as used herein, are defined in the applicable Articles of this Lease. If at any time there is no Index, Landlord shall substitute any official index published by the Bureau of Labor Statistics or by such successor or similar governmental agency as may then be in existence and shall be most nearly equivalent thereto.
Month of Adjustment means any month in which the Gross Sales Threshold is to be increased pursuant to this Section).
Month of Adjustment means any month in which the Minimum Annual Rental is to be increased pursuant to this Section).

Examples of Month of Adjustment in a sentence

  • The adjustment shall be effective as of the first day of January following the Month of Adjustment.

  • The terms "Month of Adjustment," "Base Month" and "Base Amount," as used herein, are defined in the applicable sections of this Lease.

  • The Base Month shall be the month of October immediately preceding the Rent Commencement Date; the Month of Adjustment shall be the month of October during each year of the Lease Term thereafter.

  • The Marketing Fund contribution shall be increased (but never decreased), effective on the first day of each calendar year during the Lease Term, in accordance with the procedure described in Section 5.8 (for which purposes "Base Amount" shall mean the amount specified in Section 1.11, "Base Month" shall mean the month in which the Rent Commencement Date occurs, and "Month of Adjustment" shall mean any month in which the Marketing Fund contribution is to be increased pursuant to this Section).

  • The Base Month shall be the month of October immediately preceding the Rent Commencement Date; the Month of Adjustment shall be the month of October during each fiscal year of the Lease Term thereafter.

  • The Base Month shall be the month in which the Rent Commencement Date occurs; the Month of Adjustment shall be the month in which the anniversary of the Rent Commencement Date occurs during each year of the Lease Term thereafter.


More Definitions of Month of Adjustment

Month of Adjustment. Base Month" and "Base Amount," as used herein, are defined in the applicable sections of this Lease. Should said Bureau discontinue the publication of the above Index, or publish the same less frequently, or alter the same in some other manner, then Landlord shall adopt a substitute procedure which reasonably reflects and monitors consumer prices and/or shall substitute any official index published by the Bureau of Labor Statistics or by such successor or similar governmental agency as may then be in existence and shall be most nearly equivalent thereto as reasonably determined by Landlord.
Month of Adjustment means any month in which the stamp purchase price is to be increased pursuant to this Section). Subject to the availability of valet parking spaces in the Project, the stamps may be used any day by Tenant's customers up until 4:00 PM and entitle the customer to park in valet parking for two hours for $4.00. If the customer parks in valet parking for longer than two hours, then the customer will pay the standard valet parking rate for time parked exceeding two hours. Landlord reserves the right to increase the rate it charges for valet parking (including the $4.00 rate) based on demand and market conditions, provided that any increase shall be applied in a non-discriminatory manner. Landlord and Tenant acknowledge that the intent of this valet parking provision is to benefit Tenant's customers who participate in racing league activity and therefore Tenant is prohibited from advertising to the public or posting signage in or on the Premises regarding the availability of valet parking stamps, provided, however, Tenant may inform league patrons and Tenant's "Driver's Club" patrons who pay an annual membership fee in exchange for special privileges of the valet parking arrangement in brochures provided the brochures are not purposefully sent or distributed to the public other than to the foregoing permitted recipients. For purposes of customer satisfaction, Tenant may also offer to validate a customer's parking to remedy a situation where a customer is dissatisfied. Tenant shall have the right to get reimbursed by Landlord for the full price paid by Tenant to Landlord for unused stamps which are returned to Landlord within one year after issuance.
Month of Adjustment means any month in which the Marketing Fund contribution is to be increased pursuant to this Section). Such Marketing Fund contribution shall be made in advance as of the first day of each calendar year upon receipt of landlord's invoice for same. Landlord shall control and administer the Marketing Fund with advice from such advisory group as a majority of the tenants at the Project shall select and Landlord shall have the right to recoup from the Marketing Fund its costs of administering the Marketing Fund.

Related to Month of Adjustment

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Adjustment means each form of adjustment to consideration provided for in this clause.The parties acknowledge that the consideration under this Contract is inclusive of GST, where GST is calculated using the GST rate at the time of forming this Contract.The Contractor shall provide the Recipient with a Tax Invoice and/or adjustment notes in relation to the supply prior to an amount being paid by the Recipient under this Contract, and shall do all things reasonably necessary to assist the Recipient to enable it to claim and obtain any Input Tax Credit available to it in respect of a Supply.Where the GST rate is changed after the date of formation of this Contract the consideration under this Contract will be increased or decreased so that the consideration remains inclusive of GST, with GST calculated using the new GST Rate from the date of the change of the GST Rate that applies at the date of formation of this Contract. PrivacyFor the purposes of this Clause unless the context otherwise requires:

  • No Adjustment means that the relevant date shall not be adjusted in accordance with any Business Day Convention;

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Adjustments are all discounts, allowances, returns, disputes, counterclaims, offsets, defenses, rights of recoupment, rights of return, warranty claims, or short payments, asserted by or on behalf of any Account Debtor for any Financed Receivable.

  • Adjustment ratio means the value of index A divided by index

  • Credit Adjustment shall have the meaning specified in Section 3.02.

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.C.

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • LIBOR Rate Adjustment Date With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Adjustment Day means the first calendar day in each month.

  • SOFR Adjustment means 0.10% (10 basis points).

  • Interest Rate Adjustment Event means the occurrence of any of the following:

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.