Increase Factor definition

Increase Factor means a fraction, the numerator of which shall be the “Index” (defined below) as issued for the quarter that immediately precedes the applicable Adjustment Date and the denominator of which shall be the Index as issued for the same quarter in the year immediately prior to the applicable Adjustment Date. Notwithstanding the foregoing, if the numerator is less than the denominator, then the Increase Factor shall be one (1). “Index” shall mean the Consumer Price Index for Urban Wage Earners and Clerical Workers, Boston, Mass., All Items – Series A (1982-84=100) issued by the Bureau of Labor Statistics of the United States Department of Labor. In the event that the Index shall hereafter be converted to a different standard reference base or otherwise revised, the determination of the Increase Factor shall be made with the use of such conversion factor, formula, or table for converting the Index as may be published by the Bureau of Labor Statistics or, if said Bureau shall not publish the same, then with the use of such conversion factor, formula, or table as may be published by Prentice Hall, Inc., or failing such publication, by any other nationally recognized publisher of similar statistical information. In the event that the Index shall cease to be published, then, for the purposes of determining the Increase Factor, there shall be substituted for the Index such other Index as Landlord and Tenant shall agree upon, and, if they are unable to agree within ninety (90) days after the Index ceases to be published, such matter shall be determined in Boston by arbitration in accordance with the Rules of the American Arbitration Association. Permitted Uses: Research and development of vaccines, biotechnology-related manufacturing and related office uses. Public Liability Insurance Limit: Bodily Injury and Property Damage: Combined single limit of $5,000,000, or greater amount as reasonably required by Landlord from time to time. Tenant’s Proportionate Fraction: ***Confidential Treatment Requested as to this Information***, representing a fraction, the numerator of which shall be the rentable square footage of the Premises and the denominator of which shall be the rentable square footage of the Building. In the event of any reconfigurations, additions, exclusions or modifications to the Building or any part thereof that changes the rentable area of the Building, Landlord may reasonably redetermine Tenant’s Proportionate Fraction to reflect such change in the rentabl...
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Increase Factor means a fraction, the numerator of which shall be the “Index” (defined below) as issued for the month of November that immediately precedes the applicable Adjustment Date and the denominator of which shall be the Index as issued for the month of November in the year immediately prior to the month of November that immediately precedes the applicable Adjustment Date. Notwithstanding the foregoing, if the numerator is less than the denominator, then the Increase Factor shall be one (1). Index shall mean the Consumer Price Index for Urban Wage Earners and Clerical Workers, Boston – Brockton – Nashua, MA – NH – ME – CT. All Items – Series A (1982 – 84 = 100) issued by the Bureau of Labor Statistics of the United States Department of Labor. In the event that the Index shall hereafter be converted to a different standard of reference base or otherwise revised, the determination of the Increase Factor shall be made with the use of such conversion factor, formula, or table for converting the Index as may be published by the Bureau of Labor Statistics or, if said Bureau shall not publish the same, then with the use of such conversion factor, formula, or table as may be published by Prentice Hall, Inc., or failing such publication, by any other nationally recognized publisher of similar statistical information. In the event that the Index shall cease to be published, then, for the purposes of determining the Increase Factor, there shall be substituted for the Index such other Index as Landlord and Tenant shall agree upon, and, if they are unable to agree within ninety (90) days after the Index ceases to be published, such matter shall be determined in Boston by arbitration in accordance with the Rules of the American Arbitration Association.
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Increase Factor means: 2.5%
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Examples of Increase Factor in a sentence

  • In the event Tenant fails to so provide such written notice to Landlord, Tenant shall be deemed to waive its right to receive the Expansion Premises Base Rent Increase Factor.

  • On the first anniversary of the Commercial Operation Date and each anniversary of the Commercial Operation Date thereafter during the Term (and any extension thereof), the Electricity Price shall be increased by the applicable Electricity Price Increase Factor.

  • On the first anniversary of the first Commercial Operation Date and each anniversary of such Commercial Operation Date thereafter during the Initial Term, the Energy Payment Rate shall be increased by the Energy Payment Rate Increase Factor applicable to the Initial Term stated in Exhibit B-1 hereto.

  • The Expansion Premises Base Rent Increase Factor shall be amortized over the initial Term of the Lease commencing upon disbursement of monies, at an interest rate of ten percent (10%) per annum, payable in monthly installments as Base Rent, in accordance with the terms of the Lease.

  • The following examples illustrate how a merit award is calculated: EXAMPLE 1 Performance Factors Exceptional Above Satisfactory Satisfactory Needs Improvement Unsatisfactory Merit Increase Factor 1 X 7% Factor 2 X 7% Factor 3 X 4% Factor 4 X 4% Factor 5 X 1.5% Factor 6 NA NA With the above performance ratings, the average of 7, 7, 4, 4, and 1.5 will be used.

  • All specific dollar amounts set forth in these By-Laws or the Declaration shall be adjusted annually by the CPI Increase Factor except to the extent otherwise provided.

  • The cost-of-living adjustment Mentioned above shall be computed as follows: On April 1, 2005 and each April 1st thereafter for the duration of the Term, the Basic Rent (as from time to time thereafter adjusted) shall be increased by the greater of (i) three percent (3%) of the prior year's Basic Rent or (ii) the "Consumer Price Index Increase Factor" for the prior year multiplied by the monthly Basic Rent during the prior year.

  • In the event that Tenant elects clause (ii) above and the excess amount is greater than the Expansion Premises Base Rent Increase Factor, Tenant shall pay such excess amount above the Expansion Premises Base Rent Increase Factor to Landlord in accordance with this Expansion Premises Improvement Agreement.

  • The Software Increase Index is then increased (or decreased) by multiplying the prior year Software Increase Index by 1 + Software Increase Factor for the current year.

  • If the Executive has attained the age of 50 but has not yet attained the age of 59 on the Date of Termination, all benefits payable to the Executive under Section 5.2(e)(i) and Section 5.2(e)(ii) shall be increased by a percentage factor (the "Pension Increase Factor") determined by reference to the age the Executive will have attained on the last day of the Benefits Period (determined assuming the Executive survives to such date) as set forth in Annex A to this Amendment.

Related to Increase Factor

  • Increase Amount is defined in Section 2.3(a).

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $15,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Increase Lender has the meaning given to that term in Clause 2.2 (Increase).