Constant Dollars Sample Clauses
The Constant Dollars clause establishes that monetary amounts specified in a contract are fixed in terms of their purchasing power at a particular date, effectively neutralizing the impact of inflation or deflation over time. In practice, this means that payments, fees, or other financial obligations are adjusted periodically based on a recognized inflation index, such as the Consumer Price Index, to maintain their real value. This clause ensures that the economic value of payments remains consistent throughout the contract term, protecting both parties from the risk of currency value fluctuations.
POPULAR SAMPLE Copied 2 times
Constant Dollars. All references to dollar amounts contained in this Lease (other than Basic Rent) shall be in 2011 dollars. To maintain equivalency with 2011 dollars, all such dollar amounts shall be adjusted on January 1, of the sixth calendar year following the date of this Lease, and thereafter five year intervals on January 1st by multiplying the dollar amount to be adjusted by a fraction, the numerator of which is the CPI (as herein defined) during the month of December immediately prior to the commencement of the applicable 5-year period, and the denominator of which shall be the CPI published during the month of December immediately prior to the commencement of the prior 5-year period (or, in the case of the first such adjustment, the CPI published during December, 2011); provided, however, in no event shall such fraction be deemed to be less than 1.00. If publication of the CPI is discontinued, or if the basis of calculating the CPI is materially changed (other than customary decennial adjustments to the expenditure weights attached to the categories of goods and services comprising the CPI), then Landlord shall substitute for the CPI comparable statistics as computed by an agency of the United States Government or, if none, by a substantial and responsible periodical or publication of recognized authority most closely approximating the result which would have been achieved by the CPI. “CPI” means the Consumer Price Index for All Urban Consumers, U.S. City Average, Subgroup “All Items” (1982-84=100) published by the Department of Labor, Bureau of Labor Statistics.
Constant Dollars. “Constant Dollars” shall mean the value of the U.S. dollar to which such phrase refers, as adjusted from time to time. An adjustment shall occur on the 1st day of June, 2011 and thereafter at five (5) year intervals. Constant Dollars shall be determined by multiplying the dollar amount to be adjusted by a fraction, the numerator of which is the Current Index Number and the denominator of which is the Base Index Number. The “Base Index Number” shall be the Index for April 2006; the “Current Index Number” shall be the Index for April of the adjustment year; the “Index” shall be the Consumer Price Index for All Urban Consumers, published by the Bureau of Labor Statistics of the United States Department of Labor for U.S. City Average, All Items (1982-84=100), or any successor index thereto as hereinafter provided. By way of example, if in June 2011, the amount of $500 is to be converted to Constant Dollars, then $500 shall be multiplied by the following fraction: Current Index Number for April 2011 ÷ Base Index Number for April 2006 = Constant Dollars If publication of the Index is discontinued, or if the basis of calculating the Index is materially changed, then the Owners shall substitute for the Index comparable statistics as computed by an agency of the United States Government or, if none, by a substantial and responsible periodical or publication of recognized authority most closely approximating the result which would have been achieved by the Index.
Constant Dollars. A quantity calculated by multiplying a stated amount of money by a 19 fraction the numerator of which is the United States Department of Labor Consumer 20 Price Index for all Urban Consumers (the “Index”) as of the latest date on which such 21 Index was published prior to the date of such calculation and the denominator of 22 which is the Index as of the Effective Date, in each case adjusted to the same base 23 year.
Constant Dollars. Certain dollar amounts set forth in this Lease are referred to as being Constant Dollars. The term "CONSTANT DOLLARS" shall mean the present value of the dollars to which such phrase refers, and an adjustment shall occur on each anniversary of the Commencement Date as hereinafter set forth. Constant Dollars shall be determined by multiplying the dollar amount to be adjusted by a fraction, the numerator of which is the Current Index Number and the denominator of which is the Base Index Number (as such terms are hereinafter defined). The "Base Index Number" shall be the level of the Index (as hereinafter defined) for the calendar month in which the Commencement Date occurs; the "Current Index Number" shall be the level of the Index for the calendar month in which the adjustment is to take place; and the "Index" shall be the Consumer Price Index - All Urban Consumers (Denver-Boulder-Greeley, CO.) All Items Base 1982-84=100) or any successor index thereto as hereinafter provided. If publication of the Index is discontinued, or if the basis of calculating the Index is materially changed, then Landlord shall substitute for the Index comparable statistics as computed by an agency of the United States Government or, if none, by a periodical or publication of recognized authority closely approximating the result which would have been achieved by the Index. [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 37 21.14 Development of the Project.
Constant Dollars. The term “Constant Dollars” means the present value of the