Common use of Inflation Adjustment Clause in Contracts

Inflation Adjustment. The amounts of coverage required by Section 13.1 shall be Adjusted for Inflation each succeeding fifth anniversary of the Closing Date.

Appears in 3 contracts

Sources: Lease Agreement (Southeast Airport Group), Concession Agreement, Concession Agreement

Inflation Adjustment. The amounts of coverage required by Section 13.1 shall be Adjusted for Inflation each succeeding fifth anniversary of the Closing DateDate except for the policies required by Section 13.1(e) and 13.1(g) where the increase, if any, will be limited to the extent that replacement cost has increased.

Appears in 2 contracts

Sources: Concession and Lease Agreement, Concession and Lease Agreement

Inflation Adjustment. The amounts of coverage required by Section 13.1 shall be Adjusted for Inflation each succeeding fifth (5th) anniversary of the Closing Date.

Appears in 1 contract

Sources: Concession and Lease Agreement