Beginning Index definition

Beginning Index means the average Index for the calendar month in which the Commencement Date occurs;
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Beginning Index means the Index published most immediately preceding the Commencement Date.
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Beginning Index means the average Index published for each of the twelve (12) months preceding the Commencement Date.
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Examples of Beginning Index in a sentence

  • If the Extension Index has increased over the Beginning Index, the CPI adjustment shall be calculated by multiplying the monthly rent by a fraction consisting of the Extension Index as the numerator and the Beginning Index as the denominator.

  • The base for computing the CPI adjustment is the Consumer Price Index for all Urban Consumers (base years 1982-1984 = 100) for San Francisco-Oakland-San ▇▇▇▇, published by the U.S. Department of Labor, Bureau of Labor Statistics ("Index"), which is in effect on the date of the commencement of the term ("Beginning Index").

  • The base for computing the CPI adjustment is the Consumer Price Index for all Urban Consumers (base years 1982-1984 = 100) for San Francisco- Oakland-San ▇▇▇▇, published by the U.S. Department of Labor, Bureau of Labor Statistics ("Index"), which is in effect on the date of the commencement of the term ("Beginning Index").

  • Beginning as of the Initial Adjustment Date and continuing on each Adjustment Date thereafter, the Base Rent shall be increased to equal the product achieved by multiplying the initial Base Rent amount by a fraction, the numerator of which shall be an amount equal to the sum of (i) the Beginning Index plus (ii) two-thirds (2/3) of the amount, if any, by which the Adjustment Index is greater than the Beginning Index, and the denominator of which will be the Beginning Index.

  • On the first anniversary of the Commencement Date, the numerator of the fraction will be the Extension Index and the denominator will be the Beginning Index.

  • If the index published nearest the adjustment date ("Extension Index") has increased or decreased over the Beginning Index, the minimum monthly rent for the following year shall be set by multiplying the minimum monthly rent set forth in Paragraph 4, by a fraction, the numerator of which is the Extension Index and the denominator of which is the Beginning Index.

  • If the Extension Index published has increased over or decreased under the Beginning Index, the monthly compensation rates for the extension term shall be set by multiplying the then expiring term’s monthly compensation rate by a fraction, the numerator of which is the Extension Index and the denominator of which is the Beginning Index.

  • If the Adjustment Index has changed from the Beginning Index, the percentage change between the Beginning Index and the Adjustment Index shall be determined.

  • If the Adjustment Index has increased over the Beginning Index since the last CPI Adjustment Date, then the monthly Base Rent for the next Lease Year shall be increased by multiplying the amount of the last payment of monthly Base Rent by a fraction, the numerator of which is the Adjustment Index and the denominator of which is the Beginning Index.

  • Beginning with the Base Rent due on and after the first anniversary, the Base Rent shall be increased to equal the product achieved by multiplying the Base Rent amount by a fraction, the numerator of which will be the Adjustment Index and the denominator of which will be the Beginning Index.


More Definitions of Beginning Index

Beginning Index for an Adjustment Date shall be (i) with respect to the first Adjustment Date (i.e. September 1, 2001), the Index in effect for the month of September 1996, and (ii) with respect to each subsequent Adjustment Date, the Index for the month in which the immediately preceding Adjustment Date occurred (i.e. September of each year beginning with September 2001). The "Adjustment Index" for an Adjustment Date shall be the Index for the month in which the Adjustment Date occurs.
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Beginning Index is defined in Section 4.1(b).
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Beginning Index shall be the same as the Ending Index used to calculate the previous adjustment (for example, if the Adjustment Date were June 21, 2010, the Beginning Index would be the CPI for April, 2005); except that, for purposes of calculating the first adjustment to the Annual Base Rent, the Beginning Index shall be the CPI for the month of April, 2000.
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Beginning Index means the Index published for the bimonthly period that includes the month immediately preceding the month in which the first (1st) day of the first (1st) Lease Year occurs. On the first day of the second (2nd) Lease Year and on the first day of each Lease Year thereafter during the Lease Term, the Adjustment Index for the subject Lease Year shall be compared with the Beginning Index. If the Adjustment Index for the subject Lease Year has increased over the Beginning Index, then the percentage increase of the Adjustment Index for the subject Lease Year over the Beginning Index shall be determined, and shall be that percentage which is equal to the product of 100 and a fraction, the numerator of which is the Adjustment Index minus the Beginning Index, and the denominator of which is the Beginning Index.
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Beginning Index means the Index published most immediately preceding the Commencement Date. "City" means the City and County of San Francisco, a municipal corporation.
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Beginning Index means the level of the Index for the two calendar months immediately preceding the Rent Commencement Date; and (iii) "Adjustment Index" means the level of the Index for the two calendar months immediately preceding the applicable Adjustment Date. As of each Adjustment Date, Minimum Rent shall be increased (but not decreased) (an “Adjustment”) to an amount equal to the greater of (A) the Minimum Rent payable for the first Lease Year multiplied by a fraction, the numerator of which is the Adjustment Index and the denominator of which is the Beginning Index, or (B) one hundred three percent (103%) of the Minimum Rent payable for the calendar month immediately preceding the Adjustment Date ("Minimum Adjusted Rent"). Notwithstanding the foregoing, Minimum Rent on each Adjustment Date shall be not more than one hundred eight percent (108%) of the Minimum Rent in effect as of the day before the applicable Adjustment Date. If Owner is unable to calculate the Adjustment and provide it to Tenant prior to an Adjustment Date, Tenant shall pay the Minimum Adjusted Rent until the adjustment is calculated and, within ten (10) days after the calculation is made
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Related to Beginning Index

  • CPI Index is defined in Section 2.1(c) of this Agreement.

  • Base Index Figure means (subject to Condition 4.3(i)) the base index figure as specified in the relevant Final Terms;

  • Base Index means the most recent Consumer Price Index published immediately prior to the Commencement Date.

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • Compounded Index means either the SONIA Compounded Index or the SOFR Compounded Index, as specified in the relevant Final Terms;