Previous CPI definition

Previous CPI means the CPI number for the quarter ending immediately before the last Review Date (or if there has not been one, the Commencement Date) before the relevant Review Date.

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Previous CPI means the Consumer Price Index number last published before a date 12 months before the relevant CPI Rent Review Date, or if an actuary is appointed under this Lease to determine an index, the number certified by that actuary.

Previous CPI means the CPI number for the quarter ending immediately before the last date that the Rent was reviewed, adjusted or increased, or the Commencement Date (whichever is the later).

Examples of Previous CPI in a sentence

If a CPI Adjustment Date is specified in Item 11, the Rent on the CPI Adjustment Date will be adjusted to an amount equal to the Rent payable immediately prior to the CPI Adjustment Date multiplied by the Current CPI and divided by the Previous CPI.
CPI means the rent will be determined in accordance with the following formula: CPI Rent = R x (C/P) Where R = the Rent payable immediately prior to the relevant Rent Review Date C = the Current CPI (for the most recent quarter prior to the Rent Review Date with respect to which the CPI has been published) P = the Previous CPI (for the quarter immediately before the last Rent Review Date or, if there has been no previous rent review, the date of the commencement of the tenancy).
If 'CPI' is specified in Items 7 or 12 for any Year, the Rent from the commencement of the relevant Year will be adjusted to an amount equal to the Rent immediately prior to the relevant Year multiplied by the Current CPI and divided by the Previous CPI.
On each anniversary of the commencement date, the LANDLORD may adjust the rent by an amount equal to the rent payable immediately before the review of the rent, multiplied by the Current CPI and divided by the Previous CPI.
Subject to the balance of this clause: on each anniversary of the Commencement Date, the Rent will be adjusted to an amount equal to the Rent payable immediately before the Review Date multiplied by the Current CPI and divided by the Previous CPI; and on the next due date for the payment of the Rent, after the Tenant receives notice of the adjusted Rent from the Landlord, the Landlord and the Tenant must make any necessary adjustment to apply on and from the relevant Review Date.

More Definitions of Previous CPI

Previous CPI means the CPI number for the quarter ending immediately before the last date that the Licence Fee was reviewed, adjusted or increased, or the Commencement Date (whichever is the later). Rates and Taxes means all existing and future rates (including any special rates or levies), taxes (including land tax on a single holding basis), duties, charges, assessments, impositions and outgoings whatsoever now or at any time imposed, charged or assessed on or against the Land or in connection with the Land, but does not include Outgoings or GST. Requirement includes any lawful Notice, order or direction received from or given by any Government Agency or pursuant to any Law, in writing or otherwise, and notwithstanding to whom such Requirement is addressed or directed but if not addressed to the Licensee then the Licensee must be given a copy.

Previous CPI means the CPI for the quarter ending immediately before the last Review Date (or if there has not been one, the Commencement Date). Proposed Redevelopment means the redevelopment works to be undertaken to the Park Lands (including the Leased Premises) by the Lessee in accordance with the Concept Plans.

Previous CPI means the Consumer Price Index number for the quarter ending immediately before the Previous Rent Review Date.

Previous CPI means the Consumer Price Index number for the quarter ending immediately before the most recent CPI Review Date (or if there has not been one, the date of this Agreement).

Previous CPI means the CPI number for the quarter last published before:

Previous CPI means in respect of a Rent Review Date, the CPI number last published before the later of the Date of Commencement and the last preceding Rent Review Date or if the Lessor appoints an actuary to select or determine an index under clause 18.10 the number certified by the actuary;

Previous CPI means for a CPI Review Date, the CPI number for the quarter ending immediately before the last Review Date (or if there has not been a review, the Commencement Date). Rates and Taxes means all present and future rates, charges, levies, assessments, duty and charges of any Statutory Authority, other department or authority having the power to raise or levy any such amounts in respect of the use, ownership or occupation of the Premises and includes water and sewer charges, council rates, emergency services levy and, subject to the Act, land tax (on a single holding basis).