CPI Factor is the percentage of adjustment stated in the Consumer Price Index (indicated in the previous sentence) established during the last available twelve-month period immediately preceding each anniversary of this Agreement, adjusted to the nearest one- tenth of one percent. If the Consumer Price Index has changed so that the base year differs from that used in this paragraph, the Consumer Price Index shall be converted in accordance with the conversion factor published by the United States Department of Labor, Bureau of Labor Statistics to the 1982-84 base. If the Consumer Price Index is discontinued or revised during the term of the Agreement, such other governmental index or computation with which it is replaced shall be used in order to obtain substantially the same results as would be obtained if Consumer Price Index had not been discontinued or revised.
CPI Factor means a fraction, the numerator of which shall be the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of Labor (All Urban Consumers) (“CPI”) of the calendar month two months prior to the final month of the previous calendar year, and the denominator of which shall be the CPI of the first month of the previous calendar year; provided the CPI Factor shall never be less than one.
CPI Factor means the increase, if any, in the San Francisco/Oakland/San Jose All Urban Consumer Price Index ("CPI") during the preceding year. The CPI Factor shall be determined pursuant to a ratio, the denominator of which is the CPI for the last calendar month immediately preceding the prior Adjustment Date and the numerator of which is the CPI for the calendar month immediately preceding the then current Adjustment Date, except that for purposes of the first Adjustment Date, the denominator shall be the CPI for the last calendar month immediately preceding the Commencement Date and the numerator of which is the CPI for the calendar month immediately preceding the first Adjustment Date.
Examples of CPI Factor in a sentence
Commencing on each Adjustment Date (as defined in this Section IV.D), Base Rent and the Minimum Charity Care Amount shall each be increased by the increases in the CPI (as defined in this Section IV.D) with the percentage increase to be determined by multiplying each of the Base Rent and the Minimum Charity Care Amount then in effect by the CPI Factor (as defined in this Section IV.D).
The Parking Rates for Signatory Airlines for each of the remaining Full Term Years and the Last Partial Term Year, if any, shall equal (A) the CPI Factor for that year multiplied by (B) the Parking Rates for the prior Term Year.
Such amount shall be adjusted in every Term Year after the first Term Year by multiplying the CPI Factor for such Term Year by such amount applicable in the prior Term Year.
The Total Annual Contribution for each of the remaining Full Term Years shall equal the product of (i) the CPI Factor for that year multiplied by (ii) the Total Annual Contribution for the prior Term Year.
The Non-Seasonal Exclusive Use Rate for Signatory Airlines for each of the remaining Full Term Years shall equal the product of (A) the CPI Factor for that year multiplied by (B) the Exclusive Use Rate for the prior Term Year.
More Definitions of CPI Factor
CPI Factor means (i) with respect to a one-year adjustment period (e.g. where the amount is to be Adjusted for Inflation annually), the amount equal to (A) CPI Value for the calendar year immediately prior to the date of such adjustment divided by (B) the CPI Value for the calendar year two years prior to the date of such adjustment (for illustrative purposes only, if an amount is to be Adjusted for Inflation on April 1, 2010, for the one-year period of April 1, 2009 through April 1, 2010, the CPI Value for such calculating adjustment is equal to 1.017, which is the CPI Value for calendar year 2009 (which is 219.235) divided by the CPI Value for calendar year 2008 (which is 215.572)) or (ii) with respect to a multiple-year adjustment period, the amount equal to (A) the CPI Value for the calendar year immediately prior to the date of such adjustment divided by (B) the CPI Value for the calendar year immediately prior to the date of the start of such adjustment period (for illustrative purposes only, if an amount is to be Adjusted for Inflation on the fifth anniversary of April 1, 2010, for the five-year period of April 1, 2005 through April 1, 2010, the CPI Value for such calculating adjustment is equal to 1.115, which is the CPI Value for calendar year 2009 (which is 219.235) divided by the CPI Value for calendar year 2004 (which is 196.600)); provided, however, that in no case shall be the CPI Factor for any adjustment period be less than 1.000.
CPI Factor means the increase, if any, in the San Francisco/Oakland/San Xxxx All Urban Consumer Price Index ("CPI") during the preceding year. The CPI Factor shall be determined pursuant to a ratio, the denominator of which is the CPI for the last calendar month immediately preceding the prior Adjustment Date and the numerator of which is the CPI for the calendar month immediately preceding the then current Adjustment Date, except that for purposes of the first Adjustment Date, the denominator shall be the CPI for the last calendar month immediately preceding the Commencement Date and the numerator of which is the CPI for the calendar month immediately preceding the first Adjustment Date.
CPI Factor means the amount computed in accordance with Section 4.7(c). “CPI Value” has the meaning ascribed thereto in Section 4.7(a).
CPI Factor means a fraction, the numerator of which shall be the New Index and the denominator of which shall be the Prior Index.
CPI Factor. Intentionally Omitted
CPI Factor shall be defined as follows: CPI Factor = E divided by F, where: E is the CPI as published during the September immediately preceding the January 1 with respect to which an increase in Computed Annual Salary is being computed; and F is the CPI as published during September, 1989. If during the Period of Employment the United States Bureau of Labor Statistics (the "Bureau") (ceases publication of the CPI, the Formula and CPI Factor shall thereafter by applied using the consumer price index published by the Bureau (or any successor agency of the federal government) that is most nearly equivalent to the CPI.
CPI Factor means, on any particular date, a fraction whose numerator is the “Consumer Price Index for all Urban Consumers, New York-Northern New Jersey, - Long Island, New York - New Jersey -Connecticut, 1982-84=100” for the calendar month ending immediately preceding such date as presently determined and published by the Bureau of Labor Statistics of the Department of Labor of the United States Government and whose denominator is such Consumer Price Index for May, 1995; provided, that (i) if such Consumer Price index shall cease to be published, there shall be substituted for such index such other index of similar kind published by a governmental or other nonpartisan organization as may be selected by the Landlord and reasonably approved by the Tenant, (ii) If there is any change in the computation of said index or of any such substituted index (including a change in the base year or included items), then for the purposes of this Lease such index as so changed shall be substituted for the index in effect prior thereto, and (iii) If necessary, such other adjustments shall be made as shall be required to carry out the intent of this Section 37.5, 37.6 or 37.7, as appropriate, all in such manner as shall be reasonably determined by the Landlord and the Tenant. Notwithstanding anything to the contrary contained in Section 37.5, 37.6 or 37.7, the fixed rent for the Roof Space, Machinery Room Space or Upper Shaft Space referred to therein shall be adjusted annually to reflect Increases in the CPI Factor on May 1, 1996 and thereafter on each May 1 for the balance of the term. ARTICLE THIRTY-EIGHT Right of First Offer