CPI Adjustment Factor definition

CPI Adjustment Factor means, for any Lease Year, the lesser of (a) 1.03 and

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

CPI Adjustment Factor means, as of any date, the greater of (a) 1.00 or (b) the CPI for such date divided by the CPI for the Commencement Date.

CPI Adjustment Factor means the amount derived by dividing the CPI (as herein defined) most recently published as of the first day of the calendar year of the beginning of the subsequent term by the CPI most recently published as of the first day of the calendar year of the beginning of the current term. For purposes hereof “CPI” means the Consumer Price Index of Urban Consumers—For All Urban Consumers (all items 1982 - 1984 = 100), published by the United States Department of Labor, Bureau of Labor Statistics (the “Bureau”). If the CPI should ever cease to be published by the Bureau during the term of this Agreement, the CPI Adjustment Factor shall be computed by using an economic index selected by Employer, of generally recognized standing, that reflects the increase or decrease of the purchasing power of the dollar.

Examples of CPI Adjustment Factor in a sentence

• The regular salary of Employee shall be adjusted at the beginning of a renewal term by an amount equal to the sum total obtained by multiplying the then current regular annual salary by the CPI Adjustment Factor (defined below).

• If the CPI should ever cease to be published by the Bureau during the term of this Agreement, the CPI Adjustment Factor shall be computed by using an economic index selected by Employer, of generally recognized standing, that reflects the increase or decrease of the purchasing power of the dollar.

• Such insurance may contain a deductible clause not exceeding $25,000 multiplied by the CPI Adjustment Factor.

• For each successive year during the Term after the fifth (5th) year anniversary of the Commencement Date, the Base Rent shall be equal to the product of (a) the Base Rent for the immediately preceding year multiplied by (b) the CPI Adjustment Factor, provided that in no event will the Base Rent ever be an amount less than the Initial Base Rent.

• As used herein, the term "CPI Adjustment Factor" shall mean, for any Adjustment Date, the amount derived by dividing the CPI (as herein defined) most recently published as of the first day of the year of the Adjustment Date in question by the CPI most recently published as of the first day of the year of Commencement Date.

More Definitions of CPI Adjustment Factor

CPI Adjustment Factor means, as of Closing Date, the greater of (a) the CPI for such date divided by the CPI for the Effective Date of the Lease; and (b) 1.00. As used herein, “CPI” means the United States Department of Labor, Bureau of Labor Statistics “Consumer Price Index” for All Urban Consumers (CPI-U) published for the Los Angeles-Riverside-Orange County, CA, Metropolitan Statistical Area, with a base of 1982-1984 = 100. If the CPI ceases to be published, with no successor index, then the parties shall reasonably agree upon a reasonable substitute index. The CPI for any date means the CPI last published before the calendar month that includes such date.

CPI Adjustment Factor means the greater of (a) 1.00 or (b) the following fraction:

CPI Adjustment Factor means, as of any date, the CPI for such date divided by the CPI for the Effective Date not to exceed a cap of four percent (4%).

CPI Adjustment Factor means a fraction, the numerator of which shall be the difference between the CPI published for July of the year in which the adjustment is being made and the CPI published for July of the preceding year, and the denominator of which shall be the CPI published for July of the preceding year.

CPI Adjustment Factor means, for any Adjustment Date, the amount derived by dividing the CPI (as herein defined) most recently published as of the first day of the year of the Adjustment Date in question by the CPI most recently published as of the first day of the year of Commencement Date. For purposes hereof "CPI" means the Consumer Price Index of Urban Consumers, Dallas-Fort Worth Area (all items 1982 - 1984 = 100), published by the United States Department of Labor, Bureau of Labor Statistics (the "Bureau"). If the CPI should ever cease to be published by the Bureau during the lease term, the CPI Adjustment Factor shall be computed by using an economic index selected by Tenant, of generally recognized standing, that reflects the increase or decrease of the purchasing power of the dollar.

CPI Adjustment Factor has the meaning specified in subsection 13.8(A).

CPI Adjustment Factor has the meaning specified in Section 9.6.2.