Beginning CPI means the average CPI for the three (3) calendar months corresponding to the Prior Months, but occurring five (5) years earlier. If the average CPI determined in clause (i) is the same or less than the Beginning CPI, the Basic Rent will remain the same for the ensuing five (5) year period.
Beginning CPI. As defined in the definition of CPI Increase.
Beginning CPI is defined in Exhibit B.
Examples of Beginning CPI in a sentence
The CPI used for LSI value adjustment is the "National Consumer Price Index - All Urban Consumers."To find the CPI Index for January 2005 (Beginning CPI Index), move down the Year column to year 2005 and go across the row to January.
The Beginning CPI Index starting point (date) for Carryover LSI Improvements is the CPI value for the month prior to the effective date of the contract.
The first step in calculating a CPI Adjusted LSI Value is to determine the applicable CPI Adjustment Rate.The CPI Adjustment rate is calculated on the basis of the Beginning CPI Index and the Ending CPI Index.
Beginning CPI Index – CPI Index on the effective date of the contract for Carryover LSI Improvements or Substantial Completion date for applicable New LSI Improvements.
The Beginning CPI Index is 190.7.To find the Ending CPI Index for September, 2006, go to the intersection of 2006 and September.
More Definitions of Beginning CPI
Beginning CPI means the average CPI for the three (3) calendar months corresponding to the Prior Months, but occurring one (1) year earlier with respect to each Basic Rent Adjustment. If the average CPI determined in clause (i) is the same or less than the Beginning CPI, the Basic Rent will remain the same for the ensuing one (1) year period. Effective as of a given Basic Rent Adjustment Date, Basic Rent payable under this Lease until the next succeeding Basic Rent Adjustment Date shall be the Basic Rent in effect after the adjustment provided for as of such Basic Rent Adjustment Date. Notice of the new annual Basic Rent shall be delivered to Tenant on or before the tenth (10th) day preceding each Basic Rent Adjustment Date, but any failure to do so by Landlord shall not be or be deemed to be a waiver by Landlord of Landlord’s rights to collect such sums. Tenant shall pay to Landlord, within ten (10) days after a notice of the new annual Basic Rent is delivered to Tenant, all amounts due from Tenant, but unpaid, because the stated amount as set forth above was not delivered to Tenant at least ten (10) days preceding the Basic Rent Adjustment Date in question. EXHIBIT E PREMISES PERCENTAGE ALLOCATION OF BASIC RENT Evansville, IN 54.00 % Lawrence, KS 25.00 % Baltimore, MD 21.00 % 100.00 % If any of the Related Premises ceases to be subject to this Lease, the percentage shown on this Exhibit F for each of the Related Premises which remains subject to this Lease shall be adjusted proportionately so that the total of such percentages shall be 100%.
Beginning CPI is defined in Paragraph 4(a) of Exhibit D.
Beginning CPI means the average CPI for the three (3) calendar months corresponding to the Prior Months, but occurring three (3) years earlier with respect to each adjustment of Basic Rent, except that with respect to the $574,428 of Basic Rent to be adjusted on the First Basic Rent Adjustment Date, "Beginning CPI" shall mean the average CPI for the three (3) calendar months corresponding to the Prior Months but occurring one (1) year earlier. If the average CPI determined in clause (i) is the same or less than the Beginning CPI, the Basic Rent will remain the same for the ensuing three (3) year period.
Beginning CPI means the monthly CPI for the calendar month corresponding to the Prior Month, but occurring three (3) years earlier. If the Ending CPI is the same or less than the Beginning CPI, no adjustment to Basic Rent shall be made.
Beginning CPI means the average CPI for the three (3) calendar months corresponding to the Prior Months, but occurring three (3) years earlier with respect to each adjustment of Basic Rent, except that (1) with respect to the $574,428 of Basic Rent to be adjusted on the First Basic Rent Adjustment Date, "Beginning CPI" shall mean the average CPI for the three (3) calendar months corresponding to the Prior Months but occurring one (1) year earlier and (2) with respect to the adjustment on March 1, 2001 of that portion of Basic Rent described in Paragraph 1(c)(ii) of this Exhibit "D" the "Beginning CPI" shall mean the average CPI for the three (3) calendar months occurring prior to June 1, 1999. If the average CPI determined in clause (i) is the same or less than the Beginning CPI, the Basic Rent will remain the same for the ensuing three (3) year period.
Beginning CPI means the average CPI for the three (3) calendar months corresponding to the Prior Months, but occurring ____________ (______) years earlier. If the average CPI determined in clause (i) is the same or less than the Beginning CPI, the Basic Rent will remain the same for the ensuing _____________ (______) year period. Effective as of a given Basic Rent Adjustment Date, Basic Rent payable under this Lease until the next succeeding Basic Rent Adjustment Date shall be the Basic Rent in effect after the adjustment provided for as of such Basic Rent Adjustment Date. Notice of the new annual Basic Rent shall be delivered to Tenant on or before the tenth (10th) day preceding each Basic Rent Adjustment Date, but any failure to do so by Landlord shall not be or be deemed to be a waiver by Landlord of Landlord's rights to collect such sums. Tenant shall pay to Landlord, within ten (10) days after a notice of the new annual Basic Rent is delivered to Tenant, all amounts due from Tenant, but unpaid, because the stated amount as set forth above was not delivered to Tenant at least ten (10) days preceding the Basic Rent Adjustment Date in question.
Beginning CPI means and refer to the CPI for the month which is two (2) months prior to the commencement of each Calculation Period, and the "Ending CPI" shall mean the CPI for the month which is two (2) months prior to the last day of each Calculation Period. In the event the CPI increases more than six percent (6%) during any Calculation Period, the CPI shall be deemed to have increased six percent (6%) during such Calculation Period. In the event the CPI increases less than three percent (3%) during any Calculation Period, the CPI shall be deemed to have increased three percent (3%) during such Calculation Period. For any Calculation Period that is less than one full year, the CPI minimum and maximum increase limitations described above shall be prorated, based upon a comparison of the amount of time in such Calculation Period to a full year. The sum of the percentage CPI increases during each Calculation Period which falls within the Adjustment Period in question shall be used to determine the increase in Minimum Rent as of each Adjustment Date.