CPI Adjustment Date Sample Clauses
The CPI Adjustment Date clause defines the specific date on which adjustments to payments, fees, or other financial amounts are recalculated based on changes in the Consumer Price Index (CPI). Typically, this clause will specify an annual or periodic date—such as the anniversary of the contract or the start of a fiscal year—when the relevant amounts are reviewed and updated to reflect inflation or cost-of-living changes. By establishing a clear and consistent schedule for these adjustments, the clause ensures that financial terms remain fair and current over time, protecting both parties from the effects of inflation and maintaining the contract's economic balance.
CPI Adjustment Date. The term “CPI Adjustment Date” shall mean the date 120 months from the first day of the first full calendar month following the Commencement Date and the first day of each Extension Period.
CPI Adjustment Date. The term “CPI Adjustment Date” shall mean the first day of each Extension Period.
CPI Adjustment Date. “CPI Adjustment Date” means the October 1st which is the first day of the sixth (6th) full Fiscal Year (as defined in Section 1.67) during the Initial Term, and every fifth October 1st thereafter during the Term.