Annual Adjustments definition

Annual Adjustments adjustments to payment made at the end of each Contract Year dependent upon performance calculated in accordance with paragraph 5 of Schedule 3 (Payment Mechanism);

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Annual Adjustments. The Base Compensation shall be adjusted (the "Annual CPI Adjustments") on each anniversary of the Commencement Date by increasing (but not decreasing) the Base Compensation in accordance with the cumulative increases in the Consumer Price Index ("CPI") published by the United States Department of Labor Bureau of Labor Statistics (or such successor index as is adopted by the United States Government in lieu thereof) for the Standard Metropolitan Statistical Area in which Cookeville, Tennessee, is located. Specifically, on each anniversary of this Agreement, the Base Compensation for the first year of this Agreement (the "Original Base Compensation") shall be multiplied by the cumulative percentage increase in the CPI from the first year of this Agreement to the year of such adjustment. For example, if the Original Base Compensation is 100, and the CPI

Annual Adjustments means any one or more of the Annual Tax Adjustment, the Annual Maintenance Adjustment, the Annual Insurance Adjustment, and the Annual Utility Adjustment, and "Annual Adjustment" shall mean any one of these.

Examples of Annual Adjustments in a sentence

• The Demographic Adjustment is one of the Annual Adjustments of this Agreement and is intended to adjust the Hospital’s Approved Regulated Revenue for projected changes in the population and the age distribution of the residents of the Hospital’s Service Area occurring in the particular Rate Year.

• TCAP members will fund, and TCAP will maintain and administer, a reserve account to facilitate the reconciliation of any Quarterly Adjustments or Annual Adjustments by collecting any excess amounts paid and/or paying any deficient amounts incurred (as possible).

• Subject to applicable law, the directors of ViewPoint immediately prior to the Effective Time, together with ▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇, shall be the directors of the Surviving Company and shall hold office until their respective successors are duly elected and qualified, or their earlier death, resignation or removal.

• Annual Adjustments: At the beginning of each Contract Year, the Fixed Management Fee shall be increased based upon the percent change in the Consumer Price Index (defined below).

• Quarterly Adjustments and Annual Adjustments shall be paid contemporaneously with the delivery of such certificates for the relevant quarter or period.

• If School is subject to the payment of Annual Adjustments to Reimbursable Expenses, School may contest an assessment or tax ▇▇▇▇ related to the Real Estate Related Taxes by providing written notice to Landlord.

• Commencing with the second Lease Year of the Extension Period and for and with respect to each subsequent Lease Year during the Extension Period, the Base Rent shall be adjusted and increased (but never decreased) by an amount (the “Annual Adjustment”) equal to the CPI Percentage (as said term is hereinafter defined) multiplied by the Base Rent for the immediately preceding Lease Year (inclusive of all prior Annual Adjustments).

• This amount shall be used from the Effective Date of this Lease to calculate Annual Adjustments.

• The Royalty Rate may be modified before the annual adjustment of Section 4.1(b) (Annual Adjustments) at the request of either party as set forth below in Section 4.1(c)(i) (Performance) or Section 4.1(c)(ii) (Compared to Conventional Silicon).

• Within ninety (90) days after the end of each calendar year (or as soon thereafter as is reasonably practicable), Landlord shall prepare and deliver to Tenant a statement showing the actual Annual Adjustments for such calendar year, and within fifteen (15) days of such date, Tenant shall pay Landlord any deficiency, or Landlord shall credit tenant's account for any overpayment of the Annual Adjustments for such calendar year.

More Definitions of Annual Adjustments

Annual Adjustments. (Section 2.5) Base rent shall be adjusted annually on the anniversary of the Rent Commencement Date at the rate of four percent (4%) of the then current Base Rent, or seventy-five percent (75%) of CPI, whichever is greater.

Annual Adjustments. The Base Compensation shall be adjusted (the "Annual CPI Adjustments") on each anniversary of commencement of this Agreement by increasing (but not decreasing) the Base Compensation in accordance with the cumulative increases in the Consumer Price Index ("CPI") published by the United States Department of Labor Bureau of Labor Statistics (or such successor index as is adopted by the United States Government in lieu thereof) for the Standard Metropolitan Statistical Area in which Cookeville, Tennessee, is located. Specifically, on each anniversary of this Agreement, the Base Compensation for the first year of this Agreement (the "Original Base Compensation") shall be multiplied by the cumulative 4 percentage increase in the CPI from the first year of this Agreement to the year of such adjustment. For example, if the Original Base Compensation is 100, and the CPI increase during the first year of this Agreement is 4%, then the Base Compensation for the second year of this Agreement will be 104. If the CPI increase for the second year of this Agreement is 5%, then the Base Compensation for the third year of this Agreement will be 109. (100 + 4 + 5). All CPI Adjustments shall be made to the Original Base Compensation.