Acceptance; Purchase. Buyer shall accept the goods and pay an amount not-to- exceed: $50,000 annually for the first 12 months, with an allowable annual adjustment equal to the percentage, if any, by which the then most recently published CPI (as hereinafter defined) figure shall have increased over the CPI figure for the month occurring 1 year prior to the most recently published CPI figure. For purposes of this agreement, the term "CPI" shall refer to the United States Department of Labor, Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers (CPI-U), 1982- 84=100) U.S. City Average.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement