Common use of Adjustment of the Base Fee Clause in Contracts

Adjustment of the Base Fee. (a) The Base Fee shall be adjusted annually in January of each year (the “Adjustment Month”) with such adjusted Base Fee to be effective as of and from January 1 of each such year, with the first such adjustment to be made in January of 2016. The new Base Fee for each year, commencing with the 2016 year, shall be calculated as follows: adjusted Base Fee = $50,000 x CPI(N) CPI(O) Where: CPI(N) is the CPI for the Adjustment Month for the year in question; and CPI(O) is 122.0, the CPI reported as of the Effective Date.

Adjustment of the Base Fee. (a) The Base Fee shall be adjusted annually in January of each year (the “Adjustment Month”) with such adjusted Base Fee to be effective as of and from January 1 of each such year, with the first such adjustment to be made in January of 20162004. The new Base Fee for each year, commencing with the 2016 2004 year, shall be calculated as follows: adjusted Base Fee = $50,000 x CPI(N) CPI(O) Where: CPI(N) is the CPI for the Adjustment Month for the year in question; and CPI(O) is 122.0, the current CPI reported as of the Effective Date.

Adjustment of the Base Fee. (a) The Base Fee shall be adjusted annually in January of each year (the “Adjustment Month”) with such adjusted Base Fee to be effective as of and from January 1 of each such year, with the first such adjustment to be made in January of 20162004. The new Base Fee for each year, commencing with the 2016 2004 year, shall be calculated as follows: adjusted Base Fee = $50,000 x CPI(N) CPI(O) Where: CPI(N) is the CPI for the Adjustment Month for the year in question; and CPI(O) is 122.0, the current CPI reported as of the Effective Date.

Adjustment of the Base Fee. (a) The Base Fee shall be adjusted annually in January of each year (the “Adjustment Month”) with such adjusted Base Fee to be effective as of and from January 1 of each such year, with the first such adjustment to be made in January of 2016. The new Base Fee for each year, commencing with the 2016 year, shall be calculated as follows: adjusted Base Fee = $50,000 x CPI(N) CPI(O) Where: CPI(N) is the CPI for the Adjustment Month for the year in question; and CPI(O) is 122.0, the CPI reported as of the Effective Date.