City Average Sample Clauses
The "City Average" clause defines how certain values, such as prices or rates, are determined by referencing the average for a specific item or service within a particular city. In practice, this clause may be used to set rent adjustments, utility costs, or other variable charges by tying them to the published average for the relevant city, often as reported by a recognized authority or index. This approach ensures that the amounts in the contract remain fair and reflective of local market conditions, reducing disputes over what constitutes a reasonable or standard rate.
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City Average. All Urban Consumers for All Items (1982-1984=100) published by the United States Department of Labor, Bureau of Labor Statistics for the month immediately prior to the Option Adjustment Date over the Index published for such month in the immediately preceding year, but no more than 3%. No monies paid as rent under this Lease shall be applied toward the purchase price, except that rents which have been prepaid to Lessor for a time past the Option Closing (as defined below) shall be prorated to midnight of the day preceding the Option Closing
City Average. If at any time during the Term or the Extension Term, as the case may be, the Index shall be discontinued, Landlord shall select a substitute index, being an existing official index published by the Bureau of Labor Statistics or its successor or another, similar governmental agency, which index is most nearly equivalent to the Index.
City Average. All Items" Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the United States Department of Labor (Base: 1982-1984=100), or any successor index thereto. If the Consumer Price Index is hereafter converted to a different standard reference base or otherwise revised, any determination hereunder that uses the Consumer Price Index shall be made with the use of such conversion factor, formula or table for converting the Consumer Price Index as may be published by the Bureau of Labor Statistics, or, if the Bureau shall no longer publish the same, then with the use of such conversion factor, formula or table as may be published by Prentice Hall, Inc., or, failing such publication, by any other nationally recognized publisher of similar statistical information.
City Average. All Urban Consumers for All Items (1982-1984=100) published by the United States Department of Labor, Bureau of Labor Statistics for the month immediately prior to the Rent Adjustment Date over the Index published for such month in the immediately preceding year, but no more than 3%. Jd / P.S. --------------------- initials / initials
City Average. All Items (1982-1984 = 100), as published by the United States Bureau of Labor Statistics, or if such index is no longer published, then the index most comparable thereto, as reasonably determined by IMMUNEX.
City Average. Each annual increase shall be based upon the published increase for the period from 1 April 2003 to each successive April 1 date during the Term. In no event shall the Base Rent be lower than the initial Base Rent of $73,950 per month.
City Average. All Items (1982-84=100) published by the Bureau of Labor Statistics of the United States Department of Labor ("CPI") for the preceding calendar year rounded to the nearest whole number and whose denominator is the CPI for the calendar year 1998.
City Average. If at any time during the Term the CPI-U shall be discontinued, Landlord and Tenant shall mutually and reasonably agree to substitute an existing official index published by the Bureau of Labor Statistics or its successor or another similar index most nearly equivalent to the CPI-U.
City Average. All Urban Consumers, All Items, for Miami, Ft. Lauderdale.
City Average. If the compilation and/or publication of the CPI shall be discontinued or transferred to any other governmental department or bureau or agency, Lessee shall (subject to Manager’s approval, which shall not be unreasonably withheld) fix an alternate index or method to implement the parties’ intention that the purchasing power of the amounts to be adjusted by reference to the CPI shall be the same as the purchasing power of the stated amounts as of the Effective Date. Likewise, if the CPI shall be modified as to components, computing methods or otherwise, then Lessee may (subject to Manager’s approval, which shall not be unreasonably withheld) fix an alternate index or method, as aforesaid, or Lessee may utilize an appropriate conversion factor so as to achieve substantially the same result as would have been obtained if the CPI in effect and as computed, calculated and constituted on the Effective Date were still then in effect.