Annual Escalation. Effective as of July 1 of each Year, the Individual Fee will be increased by multiplying the then-applicable Individual Fee by the Escalation Percentage (herein, the “Increase in Fee”) and adding the then-applicable Individual Fee to the Increase in Fee; provided that Reimbursed Amounts shall not be subject to this Section 6.2(b). Such annual increase to the Individual Fee shall become effective on July 1 of the applicable Year, even if such Individual Fee was redetermined pursuant to Section 6.2(a), with an effective date during the same Year.
Annual Escalation. An annual fee increase, not to exceed 3% in a given year, will be applied based on the United States Department of Labor Consumer Price Index (CPI) for professional, scientific, and technical services 12- month compensation percent change. This will adjust the base, cap, and in between. If the Bureau of Labor Statistics substantially revises the methodology used for the determination of the values to be used to determine the labor values (in contrast to benchmark adjustments or other corrections of previously released values), or for any reason has not released values needed to determine the applicable price adjustment, SAE ITC shall select a substitute from other Bureau of Labor Statistics data or similar data reported by non-governmental organizations. Such substitute shall result in the same adjustment, insofar as possible, as would have been calculated utilizing the original values adjusted for fluctuation during the applicable time period.)
Annual Escalation. The annual Subscription Service Fee for the Service shall be subject to adjustment on each anniversary of the Effective Date at 5% per year.
Annual Escalation. Base Rent payable under this Lease shall be subject to an annual upward adjustment of three and one-quarter percent (3.25%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first annual anniversary of the Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary of the Commencement Date during the Term.
Annual Escalation. Rates appearing in this Agreement would be increased on an annual basis to account for inflationary increases.
Annual Escalation. The Freight Rates set forth in Subsections 5.1. and 5.2., above, and the demurrage rates in Subsection 5.8., below, shall be subject to an annual escalation effective as of January 1, 2003, and each January 1 thereafter, on the basis of the arithmetic average of two components each weighted equally. One component is the arithmetic average of the Producer Price Index for Industrial Commodities ("PPI") as published by the U.S. Department of Labor, Bureau of Labor Statistics for the period July through September preceding every January 1 in which service is rendered by Carrier hereunder commencing January 1, 2003, divided by the arithmetic average of the PPI for the three months, July through September, 2002. The second component is the arithmetic average of the hourly earnings in dollars per hour for the water transportation services industry as reported in "Employment and Earnings" published by the U.S. Department of Labor, Bureau of Labor Statistics ("EE") for the period July through September preceding every January 1 in which service is rendered by Carrier hereunder commencing January 1, 2003, divided by the arithmetic average of the EE for the three months, July through September, 2002. Such Freight Rates and Demurrage Rates shall continue during any extension pursuant to Subsection 1.2, above. In the event the foregoing indices, or either of them, are discontinued or materially altered, the parties shall promptly meet and agree upon alternate reference(s) which duplicate the functions served by the discontinued or altered indices and assure Carrier and Shipper are in substantially identical positions as before such discontinuation or alteration. However, in no event shall the Freight Rates for Carrier be less than the Freight Rates agreed at the inception of the initial term of this Contract.
Annual Escalation. The rental rate shall be escalated annually in accordance with the Building budget over the budget, which is based upon actual expenses to support the facility, including overhead rate recoveries that are applied on a uniform basis to all Building tenants of Landlord. Landlord shall promptly notify Tenant of any such escalation.
Annual Escalation. Base Rent payable under this Lease shall be subject to an annual upward adjustment of three and one-quarter percent (3.25%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the earlier of (a) the first annual anniversary of the beginning of the Second Base Rent Period and (b) June 30, 2018; provided however that if the commencement of the Second Base Rent Period shall be delayed beyond June 30, 2017 by reason of any force majeure delays incurred by Tenant in the substantial completion of the Construction Work (as defined in the Purchase Agreement) beyond June 30, 2017, then and in such event the June 30, 2018 date shall be postponed on a day-for-day basis for each such day of delay. Subsequent adjustments shall become effective on every successive annual anniversary during the Term.
Annual Escalation. Base Rent payable under this Lease shall be subject to an annual upward adjustment of the greater of (a) 75% of CPI or (b) three and one-quarter percent (3.25%) of the then-current Base Rent. The next annual adjustment with respect to Two Hundred Thirty Thousand Eight Hundred Six and 77/100 Dollars ($230,806.77) of the current Base Rent shall be May 31, 2020 (“Tranche One Adjustment Date”), and the next annual adjustment with respect to the remaining One Hundred Forty-Five Thousand and 01/100 Dollars ($145,000.01) of the current Base Rent shall be September 24, 2020 (“Tranche Two Adjustment Date”). Thereafter, subsequent adjustments for each tranche of Base Rent shall become effective on every successive annual anniversary of the Tranche One Adjustment Date or Tranche Two Adjustment Date, as applicable, during the Term, including any Extension Periods.”
Annual Escalation. Effective as of January 1 of each Year, the Individual Fee will be increased by multiplying the then-applicable Individual Fee by the Escalation Percentage (herein, the “Increase in Fee”) and adding the then-applicable Individual Fee to the Increase in Fee. Such annual increase to the Individual Fee shall become effective on January 1 of the applicable Year, even if such Individual Fee was redetermined pursuant to Section 5.2(a), with an effective date during the same Year.
