Examples of Subject Contract Year in a sentence
To calculate each annual adjustment, Buyer and Xxxx agree to take the difference in the PPI for the Subject Contract Year and the Preceding Contract Year and then divide by the Preceding Contract Year's PPI, which will yield the annual PPI percentage change.
The Fixed Charge shall be adjusted annually beginning January 1, 2000, based on the annual percentage change between the PPI as it existed on January 1 of the year that just ended (Subject Contract Year), and the PPI as it existed on January 1 of the year prior to the year that just ended (Preceding Contract Year) and shall be adjusted on January 1 of each calendar year.
A Preliminary PPI Annual number, for the Subject Contract Year, may be used to calculate the Fixed Charge Adjustment until the Actual Annual PPI number, for the Subject Contract Year, is known.