City Average definition

City Average. All Urban Wage Earners published by the U.S. Department of Labor, Bureau of Labor Statistics. If that Index is discontinued, the parties shall use the nearest comparable index measuring changes in the cost of living during the period involved.

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;

Examples of City Average in a sentence

Price adjustments shall be based on the latest version of the Consumers Price Index (CPI-U) for All Urban Consumers, All Items, U.S. City Average, non-seasonal, as published by the U.S. Department of Labor, Bureau of Labor Statistics.
Should the CPI-U for All Urban Consumers, All Items, U.S City Average, as published by the U.S. Department of Labor, Bureau of Labor Statistics decrease during the term of the contract, or any renewals, the Contractor shall notify the Orange County Procurement Division of price decreases in the method outlined above.
If agreement is reached to extend this contract for the second, optional year, the Division of Government Support Services shall have the option of offering a determined price adjustment and shall not exceed the current Philadelphia All Urban Consumers Price Index (CPI-U), U.S. City Average.
City Average, All Items, Not Seasonally Adjusted, for the most recently published twelve months as published by the U.
Requested changes may include increases or decreases in price and must be accompanied by supporting information indicating market support of proposed modifications (such as the CPI and PPI, US City Average, as published by the US Department of Labor, Bureau of Labor Statistics).

More Definitions of City Average

City Average. All Items), issued by the Bureau of Labor Statistics of the U.S. Department of Labor, using the year 1982-1984 as a base of 100, (the "Index") for the month immediately preceding the month in which the Adjustment Date occurs, and the denominator shall be the Commencement Date Index of the option term. The result of this calculation shall be the Adjusted Fixed Minimum Annual Rent for the year following the Adjustment Date. In the event that the Index herein referred to ceases to be published during the term of this Lease, or if a substantial change is made in the method of establishing such Index, then the determination of the adjustment in the Fixed Minimum Annual Rent shall be made with the use of such conversion factor, formula or table as may be published by the Bureau of Labor Statistics, or if none is available, the parties shall accept comparable statistics on the cost of living in the United States, as shall then be computed and published by an agency of the United States, or if none, by a respected financial periodical selected by Landlord. In the event that Tenant elects to exercise its option(s) (if any) to extend this Lease, the cost of living increase in the Fixed Minimum Annual Rent for the option period(s) shall be computed and applied according to the same procedure described hereinabove for the initial term of the Lease, except that the Fixed Minimum Annual Rent shall be the amount established in accordance with the terms of any option provisions (if any) attached to this Lease.

City Average. All Items (1967 = 100), published by the United States Bureau of Labor Statistics (Index). The adjusted monthly rental so computed shall continue through each three year period for which each computation of rent adjustment shall have been made. In no event shall the monthly rental be less than $1649.98.

City Average published monthly by the United States Department of Labor, or such other index to which the parties from time to time agree.

City Average. All Items) issued by the Bureau of Labor statistics of the U.S. Department of Labor, using the year 1982-84 as a base of 100. At the commencement of each year of this Lease,

City Average. All Items) issued by the Bureau of Labor Statistics of the U.S. Department of Labor, using the year 1982-84 as a base of 100. At the commencement of each year of this Lease, and each year thereafter, the fixed minimum annual rent shall be adjusted by multiplying said rent by a fraction, the numerator of which shall be the Index Number for the month preceding the commencement of the successive year of this Lease, and the denominator of which shall be the Index Number for the month of the commencement of the Term of this Lease. In no event shall the fixed minimum annual rent, as adjusted, be less than the fixed minimum annual rent for the last year of the preceding year's rental as specified in Section 3.02

City Average. All Items), issued by the Bureau of Labor Statistics of the U.S. Department of Labor (the "Index") using the 1982-84 as a base of 100 ("Index Number"). The monthly base rent shall be adjusted by multiplying the monthly base rent currently payable immediately before adjustment by a fraction, the numerator of which shall be the Index Number for the third month immediately preceding the Adjustment Date and the denominator of which shall be the Index Number for the fifteenth month immediately preceding the Adjustment Date.

City Average. All Items," under the table entitled "Consumer Price Index for All Urban Consumers" (1967 equals 100), as published by the U.S. Department of Labor, Bureau of Labor Statistics (the "Index"), calculated by multiplying the Base Salary for the immediately preceding year by a fraction, the numerator of which is the Index number for October 1 of such immediately preceding year, and the denominator of which is the Index number for October 1 of the next preceding year. In addition to any annual increases in the Base Salary as a result of changes in the Index, the Base Salary shall be subject to annual reviews and upward adjustments, effective each January 1 during the Employment Period, commencing with January 1, 2003, in the sole discretion of the Committee. The Committee shall meet and determine the upward adjustment, if any, to the Base Salary no later than the December 15 immediately preceding each January 1 during the Employment Period. An adjustment to the Base Salary shall not be deemed a modification, amendment or waiver of this Agreement except as the term "Base Salary" is used in this Agreement; all other provisions of this Agreement shall, in that case, remain in full force and effect.

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