Common use of Annual Fee Increase Clause in Contracts

Annual Fee Increase. Commencing on the one-year anniversary of the Effective Date and annually thereafter, with written notice to the Client at least 90 days prior to the annual contract anniversary, the Service Provider may annually increase the fixed fees and other fees expressed stated dollar amounts in this Agreement by up to an amount equal to the most recent annual percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled "All Services Less Rent of Shelter" or a similar index should such index no longer be published. Service Provider shall provide Client with 60 days written notice prior to an increase, with the understanding that such notice shall not include the increase as such amount will not be known. THIS JOINDER ("Joinder") made as of ____, 201_ ("Effective Date") to that certain Services Agreement dated as of [INSERT DATE] (as amended and in effect as of the date hereof, "Agreement"), by and between Citi Fund Services Ohio, Inc. ("Service Provider"), [EXISTING CLIENT] (each, an "Existing Client" and a "Client"), and [NEW CLIENT] (each party added to the Agreement by this Joinder, a "New Client" and also a "Client"). All capitalized terms used but not defined herein shall have the meaning given to them in the Agreement.