Variable Index definition

Variable Index means the CPI for the month in which the Adjustment Date occurs.

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Variable Index means the CPI for the month which is two (2) months prior to the then current Adjustment Date.

Variable Index means the Consumer Price Index for the last available month immediately preceding any Adjustment Date.

Examples of Variable Index in a sentence

• Effective on each Adjustment Date, Monthly Rent shall be increased by the lesser of (a) twelve percent (12%) or (b) the increases in the CPI with the percentage increase to be determined by multiplying the Initial Monthly Rent by a fraction, the numerator of which shall be the Variable Index and the denominator of which shall be the Base Index.

• The increases in Base Rent will be calculated as follows: (i) subtract one point zero (1.0) from a fraction, the numerator of which shall be the Variable Index, and the denominator of which shall be the Base Index; and (ii) multiply the result obtained in subpart (i) above by two (2); then (iii) multiply Base Rent for the Lease Year immediately prior to the Adjustment Date by the product obtained in subpart (ii) above.

• Effective on each Adjustment Date, Monthly Base Rent shall be increased by the increases in the CPI with the percentage increase to be determined by multiplying the Monthly Base Rent then in effect by a fraction, the numerator of which shall be the Variable Index and the denominator of which shall be the Base Index.

• Effective on each Adjustment Date, Monthly Rent shall be increased over the Monthly Rent payable by Tenant during the immediately preceding calendar month, by the increases in the CPI with the percentage increase to be determined by multiplying the Initial Monthly Rent by a fraction, the numerator of which shall be the Variable Index and the denominator of which shall be the Base Index.

• By way of example, if the Variable Index is 101 and Base Index is 100, and if the Base Annual Rental is $20,000, the amount of the increase in the Base Annual Rental would be (1.35 x 101/100 – 1.0) x 20,000 = $270.

• Effective on each Adjustment Date, Monthly Rent shall be increased by three (3) times the increases in the CPI, with the increases to be calculated as follows: (i) subtract one point zero (1.0) from a fraction, the numerator of which shall be the Variable Index, and the denominator of which shall be the Base Index; and (ii) multiply the result obtained in (i) above by three (3); then (iii) multiply the result obtained in (ii) above by the Initial Monthly Rent.

• By way of example, if the Variable Index is 101 and Base Index is 100, and if the Base Annual Rental is $20,000, the amount of the increase in the Base Annual Rental would be (1.35 x 101/100 - 1.0) x 20,000 = $270.

• The increases in Base Rent will be calculated as follows: (i) subtract one point zero (1.0) from a fraction, the numerator of which shall be the Variable Index, and the denominator of which shall be the Base Index; and then (ii) multiply the result obtained in subpart (i) above by the Base Rent for the Lease Year immediately prior to the Adjustment Date.

More Definitions of Variable Index

Variable Index means the CPI for the month which is two months prior to the current Adjustment Date. By way of example, for the first Adjustment Date the Variable Index will be the CPI for the month which is two months prior to the first Adjustment Date, and for the second Adjustment Date the Variable Index will be the CPI for the month which is two months prior to the second Adjustment Date, for the third Adjustment Date the Variable Index will be the CPI for the month which is two months prior to the third Adjustment Date, etc.

Variable Index means an index selected by the Remarketing Agent which is a composite of bid- side yields of obligations (a) whic h (i) provide for a weekly adjustment of the interest rate, and (ii) which

Variable Index means the CPI for the applicable Lease Year.

Variable Index means an index selected by the Remarketing Agent which is a composite of bid-side yields of obligations (a) which (i) provide for a weekly adjustment of the interest rate, and (ii) which (A) must be purchased on demand of the owner thereof at any time upon notice of up to seven (7) days or (B) are payable in full not later than seven (7) days after the date of evaluation and (b) the interest on which is Taxable, when selecting a composite of bid-side yields of obligations with respect to the Series A Bonds, and is Tax-Exempt, when selecting a composite of bid-side yields of obligations with respect to the Series B Bonds. If for any reason the Variable Index for any rate determination date cannot be established as provided above or is held to be invalid or unenforceable by a court of law, the Variable Index for such rate determination date shall be an index computed by the Remarketing Agent and shall be equal to 95% of the yield applicable to 91-day United States Treasury bills, such yield to be computed on the basis of the coupon equivalent of the average per annum discount rate at which such Treasury bills shall have been sold at the most recent Treasury auction conducted prior to such rate determination date.

Variable Index means either (i) the ▇▇▇▇▇▇▇▇ Reuters Municipal Market Data Variable Rate Demand (“VRD”) Averages as published by ▇▇▇▇▇▇▇▇ Municipal Market Monitor or (ii) the Securities Industry and Financial Markets Association Municipal Swap Index provided by Municipal Market Data (“MMD”), a seven day high grade market index comprised of tax exempt variable rate demand bonds from MMD’s data base. If for any reason the Variable Index for any rate determination date cannot be established as provided above or is held to be invalid or unenforceable by a court of law, the Variable Index for such rate determination date shall be either (i) any national index created by an average of at least 1000 outstanding variable rate demand bonds guaranteed by a direct pay letter of credit, rated at least “A”, with a weekly (7 day) weekly interest rate reset or (ii) an index computed by the Remarketing Agent and shall be equal to 95% of the yield applicable to 91-day United States Treasury bills, such yield to be computed on the basis of the coupon equivalent of the average per annum discount rate at which such Treasury bills shall have been sold at the most recent Treasury auction conducted prior to such rate determination date.