City Average definition

City Average. All Urban Wage Earners published by the U.S. Department of Labor, Bureau of Labor Statistics. If that Index is discontinued, the parties shall use the nearest comparable index measuring changes in the cost of living during the period involved.

City Average. (commonly referred to as "CPI-U"), as the same may from time to time be revised, updated or replaced, hereinafter referred to as the "index" (if said index is no longer published, Landlord will use a comparable index) shall be used to determine the CPI Factor set forth in subsection (B) immediately below;

City Average. All Urban Wage Earners published by the U.S. Department of Labor, Bureau of Labor Statistics. If that Index is discontinued, the parties shall use the nearest comparable index measuring changes in the cost of living during the period involved. The initial rental increase effective November 1, 2006 shall be calculated at 5/12 of the annual rate.

Examples of City Average in a sentence

• Price adjustments shall be based on the latest version of the Consumers Price Index (CPI-U) for All Urban Consumers, All Items, U.S. City Average, non-seasonal, as published by the U.S. Department of Labor, Bureau of Labor Statistics.

• Should the CPI-U for All Urban Consumers, All Items, U.S City Average, as published by the U.S. Department of Labor, Bureau of Labor Statistics decrease during the term of the contract, or any renewals, the Contractor shall notify the Orange County Procurement Division of price decreases in the method outlined above.

• The percent change in the Consumer Price Index for all Urban Consumers (CPI-U); U.S. City Average for All Items, for the prior calendar year will be used in calculations.

• If agreement is reached to extend this contract for the second, optional year, the Division of Government Support Services shall have the option of offering a determined price adjustment and shall not exceed the current Philadelphia All Urban Consumers Price Index (CPI-U), U.S. City Average.

• Purchasing Operations reserves the right to consider various pertinent information sources to evaluate price increase requests (such as the CPI and PPI, US City Average, as published by the US Department of Labor, Bureau of Labor Statistics).

More Definitions of City Average

City Average. All Items), issued by the Bureau of Labor Statistics of the U.S. Department of Labor, using the year 1982-1984 as a base of 100, (the "Index") for the month immediately preceding the month in which the Adjustment Date occurs, and the denominator shall be the Commencement Date Index of the option term. The result of this calculation shall be the Adjusted Fixed Minimum Annual Rent for the year following the Adjustment Date. In the event that the Index herein referred to ceases to be published during the term of this Lease, or if a substantial change is made in the method of establishing such Index, then the determination of the adjustment in the Fixed Minimum Annual Rent shall be made with the use of such conversion factor, formula or table as may be published by the Bureau of Labor Statistics, or if none is available, the parties shall accept comparable statistics on the cost of living in the United States, as shall then be computed and published by an agency of the United States, or if none, by a respected financial periodical selected by Landlord. In the event that Tenant elects to exercise its option(s) (if any) to extend this Lease, the cost of living increase in the Fixed Minimum Annual Rent for the option period(s) shall be computed and applied according to the same procedure described hereinabove for the initial term of the Lease, except that the Fixed Minimum Annual Rent shall be the amount established in accordance with the terms of any option provisions (if any) attached to this Lease.

City Average. All Items (1967 = 100), published by the United States Bureau of Labor Statistics (Index). The adjusted monthly rental so computed shall continue through each three year period for which each computation of rent adjustment shall have been made. In no event shall the monthly rental be less than $2,473.00.

City Average. All Items Not Seasonally Adjusted, 1982-84 = 100 Reference Base.

City Average as published by the Bureau of Labor Statistics United States Department of Labor, ("BLS Consumer Price Index"). The "BLS Consumer Price Index" figure for month and year in which this lease commences is the base figure in the computation of adjustment of rentals. At the beginning of each one (1) year period as provided in this paragraph the "BLS Consumer Price Index" for the preceding month thereto shall be ascertained and noted and the rent commencing with the start of each such period of the lease and continuing throughout such next one (1) year period shall be adjusted by increasing the basic rent, percentage-wise, as the said "BLS Consumer Price Index" for the month has increased as compared with the base "BLS Consumer Price Index" as herein fixed.

City Average published monthly by the United States Department of Labor, or such other index to which the parties from time to time agree.

City Average. All Items) issued by the Bureau of Labor statistics of the U.S. Department of Labor, using the year 1982-84 as a base of 100. At the commencement of each year of this Lease,

City Average all items (1967 = 100), published by the United States Bureau of Labor Statistics (Index). The adjusted payment in lieu of taxes so computed shall continue through each five year period for which each computation of the payment in lieu of taxes adjustment shall have been made. In no event shall the Gross Value be less than $3,000,000.