CPI Escalation definition

CPI Escalation means the following formula: A = B x CPIn CPIn-1 Where: A the Price payable from and including the relevant Adjustment Date; B the Price payable immediately before the relevant Adjustment Date; CPIn the CPI for the quarter ending 3 months before the Adjustment Date; CPIn-1 the CPI applying in the quarter ending 6 months before the Adjustment Date.
CPI Escalation means an increase in Fixed Rent by an amount equal to the product of (A) the Fixed Rent for the immediately preceding twelve (12)-month period (as increased by all prior increases in the CPI), and (B) the increase in CPI during such immediately preceding twelve (12)-month period; provided, however, that the CPI Escalation shall never be less than zero.
CPI Escalation as used in this Agreement means multiplying the dollar figure which is the subject of the escalation by a fraction the denominator of which is the CPI Index for December, 1986 and the numerator of which is the CPI Index for the month prior to the month in which the particular determination, change or the like is made. The term "CPI Index" as used in this Agreement refers to the Consumer Price Index of the Bureau of Labor Statistics of the US Department of Labor for Urban Wage Earners and Clerical Workers, Miami, Florida (1982-84=100), "All Items." If the compilation and/or publication of the CPI Index shall be transferred to any other governmental department or bureau or agency or shall be discontinued, then the Index most nearly the same as the CPI Index shall be used to make such calculation.

Examples of CPI Escalation in a sentence

  • The Customer agrees to pay AGL the Energy Charges for the electricity AGL sells to the Customer at each Premises calculated in accordance with the Energy Charge Rates for each Premises (as those Energy Charge Rates are reviewed annually in accordance with the CPI Escalation Formula, unless noted otherwise in Schedule 1).

  • The Security Deposit shall be adjusted according to the CPI Escalation on the CPI Escalation Dates, simultaneously with the CPI escalation of Minimum Base Rent (“Adjusted Security Deposit”).

  • Lessor shall compute the CPI Escalations and send a notice, with calculations, to Lessee setting forth the adjusted Minimum Base Rent within sixty (60) days of the commencement of each CPI Escalation Date or as soon as such Index is available.

  • The CPI Escalation of the Minimum Base Rent shall be equal to Minimum Base Rent in effect for the immediately preceding Lease Year plus the product of that Minimum Base Rent multiplied by the “CPI Percentage” (as defined below).

  • Private Bridge License (Vehicular Traffic) – Canal – $10,000.00 per year with CPI Escalation.

  • The CPI Escalation shall be capped at Ten (10%) Percent each time the CPI Escalation is made.

  • Furthermore, any contracts having an estimated cost of less than $50,000 (subject to CPI Escalation) may be entered into by the Manager without compliance with the requirements specified in the prior sentence, but after reasonable attempts to consult with the Representatives, provided the estimated cost thereof does not cause the budget applicable to the particular Business Unit, including the contingency amount therein, to be exceeded.

  • If the adjusted Rent has not been determined by independent appraisal, the Lessee shall continue to pay all Rent(s) and their respective increase(s), subject to the CPI Escalation as provided in Section 4.1.2 above.

  • Private Utility License – Canal – $10,000.00 per year with CPI Escalation.

  • Provide a minimum of three references; preferably Arizona school districts.


More Definitions of CPI Escalation

CPI Escalation means the following formula: Where A the Price payable from and including the relevant Adjustment Date; B the Price payable immediately before the relevant Adjustment Date;CPIn the CPI for the quarter ending 3 months before the Adjustment Date; CPIn-1 the CPI applying in the quarter ending 6 months before the Adjustment Date. Customer Contracts Regulations means the Electricity Industry (Customer Contracts) Regulations 2005 (WA).
CPI Escalation means the increase, if any, in CPI from the date or period from which CPI is measured to the date or period to which CPI is to be measured, stated as a percentage. (The foregoing may be illustrated by the following example: Assume CPI for the initial date is 100; assume also that CPI for the date to which CPI is to be measured is 110. CPI Escalation for such period would be 10%.) -62- Closing on the purchase ("Closing") shall occur on the date specified in Tenant's notice, but in no event later than 30 days after Tenant gives its notice of exercise of its right to purchase the Purchase Lot. At the Closing Tenant shall pay to Landlord the balance (taking into account the deposit, if any) of the Purchase Price, in current U.S. exchange and by certified or bank check drawn on a Boston clearinghouse bank (or by federal funds wire transfer if Landlord so directs). At the Closing, Landlord shall deliver a quitclaim deed conveying Landlord's interest in the Purchase Lot, subject to existing laws, real estate taxes not yet due and payable, eminent domain takings, damage by casualty, matters which would be shown on a current survey, parties in possession and the encumbrance of this Lease (and any encumbrances arising hereunder), and any easements, rights or restrictions of record existing on the Commencement Date or permitted by Section 2.1. Should Landlord be unable to deliver such title at the Closing, then the Closing shall be extended for up to 60 days to permit Landlord to deliver such title (Landlord being under no obligation to expend any funds in excess of an amount equal to the deposit to deliver such title), and if at such extended Closing Landlord is still unable to perform, then at Tenant's election, either Xxxxxx's obligation to purchase will cease (in which case the deposit will be refunded), or Tenant will accept such title as Landlord can then convey and shall pay the balance of the Purchase Price without deduction. Should Tenant fail to perform at the Closing, time being of the essence, then Landlord may retain the deposit as liquidated damages, and at Landlord's election at any time thereafter by written notice to Tenant, may also terminate this Lease effective upon the date set forth in a notice thereof from Landlord to Tenant. The parties intend that Xxxxxx's right to purchase and right of first offer are personal to Tenant alone, shall not be assignable except to an assignee of Tenant's leasehold interest in a permitted transfer under Section 5...
CPI Escalation means: (i) the Annualized Base Rent for the prior Lease Year; plus
CPI Escalation means the sum from time to time of each five successive years' percentage increase in the CPI commencing in the case of the initial five Lease Years with CPI with a period which includes the Date of Lease Execution (June 1, 1992), and for each subsequent five Lease Years commencing with CPI for each subsequent five year anniversary of the Date of the Lease Execution (June 1, 1992), but no percentage increase shall be included to the extent that such increase in CPI exceeds 5% per annum for such period and if there is no percentage increase in CPI or a percentage increase in CPI of less than 3% per annum for such period, then for the purposes of calculating "CPI Escalation" 3% shall be included as the annual percentage increase for such period. Notwithstanding any provisions of the Existing Lease, as amended hereby, to the contrary, the parties hereby acknowledge and agree that the CPI Escalation for the initial five Lease Years is 16.1%." The last sentence of Section 4.1.3 of the Existing Lease is hereby deleted in its entirety, and the following text shall be substituted therefor: "Accordingly, the CPI escalation for Lease Years l-5 is 23.03% (4% + 4.16% + 4.87% + 5% (because 5.65% exceeds the 5% cap) + 5% (because 5.93% exceeds the 5% cap))."
CPI Escalation means escalation or de-escalation by a percentage equal to the whole of the percentage movement in the CPI where such percentage shall be 2 percent or more above or below the CPI at the end of the corresponding Quarter in the previous year taking the CPI for the Quarter ending as at the Development Date as the base and "CPI Escalated" has a corresponding meaning.

Related to CPI Escalation

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Base Year means the period set forth in Section 5 of the Summary.

  • CPI-W is defined as the Consumer Price Index for Urban Wage Earners and Clerical Workers (Area: Boston-Brockton-Nashua, MA-NH-ME-CT; Base Period: 1982-1984+100) as published by the United States Department of Labor, Bureau of Labor Statistics.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $32.50 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per SqFt First Floor Per SqFt Drive Thru TotalPer Annum TotalPer Month 1 $ 32.50 $ 7.50 $ 151,512.00 $ 12,626.00

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.

  • Insurance Cost Increase shall not, however, include any premium increases resulting from the nature of the occupancy of any other lessee of the Building. If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "BASE PREMIUM." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period. If the Building was not fully occupied during such twelve (12) month period, the "Base Premium" shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b).

  • Cost Share means the member’s financial obligation for a covered service. Depending on the plan type, cost-share may include one or more of the following: deductible, copay, access fee, coinsurance, pharmacy deductible, and precertification charges.

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Baseline means the “Initial Small Business Lending Baseline” set forth on the Initial Supplemental Report (as defined in the Definitive Agreement), subject to adjustment pursuant to Section 3(a).

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • Blended learning means the delivery of instruction in a combination of time in a supervised physical location away from home and online delivery whereby the student has some element of control over time, place, path, or pace of learning.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Baseline Schedule means the initial time schedule prepared by Contractor for Owner’s information and acceptance that conveys Contractor’s and Subcontractors’ activities (including coordination and review activities required in the Contract Documents to be performed by A/E and ODR), durations, and sequence of work related to the entire Project to the extent required by the Contract Documents. The schedule clearly demonstrates the critical path of activities, durations and necessary predecessor conditions that drive the end date of the schedule. The Baseline Schedule shall not exceed the time limit current under the Contract Documents.

  • Escalator means a power driven, inclined, continuous stairway used for raising or lowering passengers.

  • Proration Month means the month for which capacity is to be allocated under Item 7.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.