Price Index Increase definition

Price Index Increase means the percentage increase between the Price Index in effect as of the month of each and every Adjustment Date over the Price Index in effect as of the month of the Commencement Date. The Price Index Increase shall be calculated as of each and every Adjustment Date for the purpose of adjusting the Base Compensation, the Annual Repair and Maintenance Limit, the Baseline Power Rate and the Baseline Tip Fee
Sample 1Sample 2
Price Index Increase. An amount determined by multiplying the amount of the Base Rent in effect for the preceding Lease Year (which is the Lease Year immediately prior to the Lease Year for which the Price Index Increase is applicable) by a Multiplier (defined below). The “Multiplier” shall be equal to a fraction, the numerator of which is the Price Index as of the date closest to the end of the previous Lease Year that is published and available prior to the beginning to the new Lease Year (the “Ending Price Index”) minus the Price Index as of the beginning date of the previous Lease Year (the “Beginning Price Index”), and the denominator of which is the Beginning Price Index. Notwithstanding the foregoing, in no event shall the Multiplier be lower than 0.02 nor higher than 0.05. In the event that the Price Index has not increased over the applicable time period or has increased by less than two percent (2%), the Multiplier shall be 0.02 and in the event that the Price Index has increased by more than five percent (5%) over the applicable time period, the Multiplier shall be 0.05.
Sample 1
Price Index Increase means the percentage increase between the Price Index in effect as of January each and every Agreement Year over the Price Index in effect as of January of the current Agreement Year. The Price Index Increase shall be calculated as of each and every Adjustment Date for the purpose of adjusting the Base Compensation.
Sample 1

Examples of Price Index Increase in a sentence

  • In connection with the repair or restoration of the Project Facilities pursuant to Section 7.1 hereof, Net Proceeds of Required Property Insurance Coverage not in excess of $500,000 (increased on each January 1 by ten percent for each ten percent increase in the Consumer Price Index Increase not theretofore the subject of such increase) shall be paid to the Lessee for application of as much as may be necessary for such repair and restoration.

  • Operator agrees to pay to Tacoma Power an annual fee (“IRU Fee”) in accordance with the following amounts: First Year of the Term: $2,500,000 Second Year of the Term: $2,625,000 Third Year of the Term: $2,750,000 Fourth Year of the Term: $2,875,000 Fifth Year of the Term: $3,000,000 Each subsequent year of the Term following the Fifth Year, the IRU Fee shall be adjusted on the anniversary of the Effective Date to reflect the Consumer Price Index Increase.

  • If there is no Consumer Price Index Increase (i.e., there is deflation during the relevant period), there shall be no reduction in the liquidated damages from the prior year.

  • If there is no Consumer Price Index Increase (i.e., there is deflation during the relevant period), there shall be no reduction in the IRU Fee from the prior year.

  • The Parties agree that all liquidated damages specified herein shall be adjusted annually on the anniversary of the Effective Date to reflect the Consumer Price Index Increase.

  • Materials & Services, Capital Outlay Items and Indirect Costs as identified in Appendix B shall be increased by the Consumer Price Index Increase (CPI-W) Portland-Salem, OR-WA, Urban Wage Earners and Clerical Workers, Series Id: CWUSA425SA0, not seasonally adjusted Half 2 (December, Prior Year) to Half 2 (December, Current Year).

  • The cost-of-living adjustment Mentioned above shall be computed as follows: On April 1, 2005 and each April 1st thereafter for the duration of the Term, the Basic Rent (as from time to time thereafter adjusted) shall be increased by the greater of (i) three percent (3%) of the prior year's Basic Rent or (ii) the "Consumer Price Index Increase Factor" for the prior year multiplied by the monthly Basic Rent during the prior year.

  • Mayor Edwards addressed the Council, stating that our contract with Waste Management allows for an annual rate adjustment, based on a Consumer Price Index Increase.

  • Consumer Price Index Increase: The Parties agree that the prices set forth in this Agreement shall be subject to an annual adjustment aligned with the Consumer Price Index (CPI).

  • For each Agreement Year thereafter, the Annual Repair and Maintenance Limit shall be increased on each Adjustment Date by the Price Index Increase.

Related to Price Index Increase

  • Price Index means the Consumer Price Index which is designated for the applicable month of determination as the United States City Average for All Urban Consumers, All Items, Not Seasonally Adjusted, with a base period equaling 100 in 1982 - 1984, as published by the United States Department of Labor’s Bureau of Labor Statistics or any successor agency. In the event that the Price Index ceases to be published, its successor index measuring cost of living as published by the same Governmental Authority which published the Price Index shall be substituted and any necessary reasonable adjustments shall be made by Lessor and Lessee in order to carry out the intent of Section 4.

  • Retail Price Index means the general index of retail prices published by the Office for National Statistics each month in respect of all items or:

  • CPI means the headline consumer price index (for all urban areas) annual inflation rate, or such amended or replacement index, as published monthly by Statistics South Africa in Statistical Release P0141, available from <http://www.statssa.gov.za>.

  • Index Price on a given date means the weighted average (weighted in accordance with the factors listed above) of the closing prices of the companies comprising the Index Group.

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • LIBOR Market Index Rate means, for any day, LIBOR as of that day that would be applicable for a LIBOR Loan having a one-month Interest Period determined at approximately 10:00 a.m. Central time for such day (rather than 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period as otherwise provided in the definition of “LIBOR”), or if such day is not a Business Day, the immediately preceding Business Day. The LIBOR Market Index Rate shall be determined on a daily basis.

  • CPI Index is defined in Section 2.1(c) of this Agreement.

  • Final Index Price means the average of the Index Prices for the 20 consecutive full trading days ending on the trading day prior to the Determination Date.