CPI Adjustment Sample Clauses

CPI Adjustment. The Annual Rent will automatically increase effective as of the beginning of the second Lease Year and annually thereafter during the Lease Term to reflect the proportionate cumulative increase in the CPI, if any, during the previous Lease Year. For purposes of this section, CPI means the United States Department of Labor, Bureau of Labor Statistics, All Cities Average Consumer Price Index, or if such index is no longer published, a successor or substitute index designated by the Lessor, that shows changes in consumer prices in the locale of the Park Area.

CPI Adjustment. The basic rent provided in Paragraph 4 shall be increased each year by a percentage equal to the percentage change in the Consumer Price Index statistics published by the United States Bureau of Labor. Comparisons shall be made using the index entitled, “U.S. City Average/All Items and Major Group Figures for all Urban Consumers ▇▇▇▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇-▇▇ = 100),” or the nearest comparable data on changes in the cost of living, if such index is no longer published. The change shall be determined by comparison of the figure for the previous January 1, with that of January 1 of the current year. In no event shall this calculation cause a reduction in base rent below that payable during the preceding year. The proposed adjustment shall be presented to Lessee by Lessor thirty (30) days prior to the effective date of the assessment.

CPI Adjustment. The fixed fees and other fees expressed as stated dollar amounts in this schedule and in the Agreement shall be increased annually commencing on the one-year anniversary date of the Effective Date by the percentage increase since the Effective Date 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.

CPI Adjustment. In this Agreement, “CPI-Adjusted” in reference to an amount means that amount is adjusted under the following formula: N  C  (1 CPIn  CPIc ) CPIc where:

CPI Adjustment. 4.1 At the expiration of the initial period thereafter ending December 31, 2003 and each five year period during the Term, the Base Rent shall be subject to CPI adjustment as follows: At the expiration of the initial period ending December 31, 2003 and each five year period thereafter, the annual rent for the succeeding five year period shall be determined by multiplying the annual Base Rent in effect for the immediately preceding five year period times the "CPI Factor" (as hereinafter defined), provided, however, that the CPI Factor shall never be less than 1.00. As used herein, the "CPI Factor" which shall be determined at the expiration of each five year period during the Term, shall be determined as follows: (A) The United States Bureau of Labor Statistics "Consumer Price Index for Urban Consumers All Items-U.S. City Average" (commonly referred to as "CPI-U"), as the same may from time to time be revised, updated or replaced, hereinafter referred to as the "index" (if said index is no longer published, Landlord will use a comparable index) shall be used to determine the CPI Factor set forth in subsection (B) immediately below;

CPI Adjustment. During each calendar year, the Base Rent payable by Tenant to Landlord, shall be adjusted to reflect increases in the Consumer Price Index as follows:

CPI Adjustment. (A) The amount of annual Zone Compensation set forth in Section I. of this Appendix D and the amounts of Street Pole Compensation set forth in Section II. of this Appendix D, shall be subject to adjustment (the “CPI Adjustment”) every year on each anniversary of the Effective Date by multiplying the dollar amounts set forth in said Sections I. and II. by the greater of (x) the result of dividing the CPI as of such anniversary by the CPI as of the Effective Date, or (y) 1. Thus for example, with respect to the adjustment of the Zone Compensation dollar amount set forth in Section I. of this Appendix D above, if the CPI is 124 on the Effective Date, 127 on the first anniversary of the Effective Date and 128 on the second anniversary of the Effective Date, then the Zone Compensation due and payable on such first anniversary of the Effective Date will be the product of $100,000 multiplied by 127/124, rounded to the nearest dollar, and the Zone Compensation due and payable on such second anniversary of the Effective Date will be the product of $100,000 multiplied by 128/124, rounded to the nearest dollar.

CPI Adjustment. (a) On 1 January of each Year (commencing in the year set out in the relevant Commercial Terms Schedule), all of the rates and charges set out in the Commercial Terms Schedules will be adjusted by multiplying them by the Escalation Factor for that year, and the relevant Schedules will be deemed to have been varied to incorporate the adjusted rates and charges. (b) The Escalation Factor for each year is calculated as: 1 + ((CPIa - CPIb) / CPIb) where: (i) CPIa means CPI in respect of the September Quarter immediately preceding the relevant adjustment date; (ii) CPIb means CPI in respect of the September Quarter that is 12 months before the quarter to which CPIa relates; (iii) if CPIa is less than CPIb, then ((CPIa-CPIb) / CPIb) is deemed to be zero; and (iv) CPI means the consumer price index (weighted average for 8 capital cities, all groups) published from time to time by the Australian Bureau of Statistics or if that index is suspended or discontinued or if the basis of assessment is changed so that it no longer accurately reflects changes in the prevailing levels of prices substantially in the same manner as it did prior to the change in basis, then an alternative index that reflects movements in the cost of living in all of the capital cities of Australia will be selected by Service Provider and substituted for the relevant index for the period of the suspension or, in the case of a discontinuance of the CPI or a material alteration in its calculation, on a permanent basis and the calculation of the adjustments to be made under clause 18.2(a) will be made using such alternative index as though it was the CPI.

CPI Adjustment. Adjustments shall be made to the Base Rent (the “Base Rent Adjustment”) to reflect increases in the CPI (as hereinafter defined) in accordance with the following: (i) Beginning on January 1, 2008 and on each succeeding January 1st throughout the Lease Term (each such date shall be referred to as a “Rent Adjustment Date” and each period between the Rent Adjustment Dates shall be referred to as an “Adjustment Period”) the Base Rent payable under the Lease for the Adjustment Period, or portion thereof, in which the applicable Rent Adjustment Date occurs shall be adjusted to reflect any increases in the CPI. Such Base Rent Adjustment shall be accomplished by multiplying the Base Rent for such Adjustment Period, or portion thereof (which shall not be diminished by any credits or abatements granted in this Lease or any amendments thereto, including, without limitation, the Abated Base Rent) by a fraction, the numerator of which shall be the most recently published CPI index number prior to the applicable Rent Adjustment Date and the denominator of which shall be the most recently published CPI Index number prior to the Commencement Date of the Lease, provided that in no event shall the Base Rent for any Adjustment Period be less than Base Rent payable for the preceding Adjustment Period. (ii) Landlord shall notify Tenant of the Base Rent Adjustment for the applicable Adjustment Period, or portion thereof, in writing prior to the applicable Rent Adjustment Date, or as soon thereafter as is practical. Tenant shall pay such Base Rent (as hereby adjusted) on or before the first day of each month during the applicable Adjustment Period in accordance with Section 4 of the Lease. If Landlord does not notify Tenant of the Base Rent Adjustment by any given Rent Adjustment Date, Tenant shall continue to pay Base Rent based on the previous years adjustment, if any, until such time as Landlord provides Tenant with notice of the new adjusted Base Rent. Upon determination of the new Base Rent Adjustment, an adjustment shall be made for any month with respect to which Tenant paid Base Rent based on the previous year’s Base Rent Adjustment. Tenant shall pay Landlord for any underpayment within 30 days written demand. (iii) For purposes hereof, “CPI” shall mean the Revised Consumer Price Index for San Francisco/Bay Area All Consumers published by the Bureau of Labor Statistics of the United States Department of Labor, for United States City Average, All Items (1982-84 = 100). If...