Adjustment Date Calculation Clause Samples

Adjustment Date Calculation. On the first day of the --------------------------- thirty-first month following the Commencement Date (the "Adjustment Date") a calculation shall be made to determine the increase, if any, to be made to the then Base Rent. Any increase so determined shall be added to the Base Rent for the balance of the Lease Term. The adjusted Base Rent shall be determined as follows: (i) the CPI ("Beginning Index") published immediately prior to two months before the Commencement Date shall be determined. The CPI ("Adjustment Index") published immediately prior to the two months before the Adjustment Date shall be determined. (ii) the change in the CPI shall be determined by subtracting the Beginning index from the Adjustment Index. The numerical difference shall be the "Index Change." If the Adjustment Index does not exceed the Beginning Index, no adjustment shall be made to the Base Rent on the Adjustment Date and the Base Rent shall not be changed; (iii) the percentage increase ("Percentage Change") in the CPI shall be determined by dividing the index Change by the Beginning Index; (iv) the increase in the Base Rent then shall be determined by multiplying the Base Rent for the month immediately preceding the Adjustment Date times the Percentage Change; (v) the increase, as determined above, be added to the Base Rent payable immediately prior to Adjustment Date to determine the new Base Rent. By way of example: assume the Commencement Date is March 1, 1996 and that the published immediately prior to January 1996 is 300 and that Base Rent for March 1, 1996 is $1,000. Further, assume that Adjustment Date is September 1, 1998 and that the CPI immediately prior to July 1998 is 360. The Base Rent for the period commencing September 1, 1998 shall be determined as follows: (2) Index change 60 = 60 divided by 300 = 20% -- Beginning Index 300 (3) Base Rent $1,000 Percentage Change x .20 -------- Increase $ 200 (4) Base Rent prior to Adjustment Date $1,000 Increase rent + 200 ------- New Base Rent $1,200
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Related to Adjustment Date Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Adjustment Date 6 Advance.......................................................................6 Affiliate.....................................................................6 Agreement.....................................................................6

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Operating Expense Limit.

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.