Consumer Price Index Clause Samples
A Consumer Price Index (CPI) clause is used to adjust payments, fees, or contract values in line with changes in the cost of living as measured by a recognized inflation index. Typically, this clause specifies that amounts due under the contract will be periodically increased or decreased based on the percentage change in the CPI over a defined period, such as annually. By linking financial obligations to inflation, the clause ensures that the real value of payments remains consistent over time, protecting both parties from the effects of inflation or deflation.
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Consumer Price Index. For purposes of this Agreement, the term “CPI” refers to the Consumer Price Index as published by the Bureau of Labor Statistics of the United States Department of Labor, U.S. City Average, All Items for Urban Wage Earners and Clerical Workers (1982-1984=100). If the CPI is hereafter converted to a different standard reference base or otherwise revised, the determination of the CPI adjustment shall be made with the use of such conversion factor, formula or table for converting the CPI, as may be published by the Bureau of Labor Statistics, or, if the bureau shall no longer publish the same, then with the use of such conversion factor, formula or table as may be published by an agency of the United States, or failing such publication, by a nationally recognized publisher of similar statistical information.
Consumer Price Index. The parties agree to use the Consumer Price Index for all Urban Consumers (CPI-U) Northeast Urban Index (not seasonally adjusted) (Series ID CUUR0100SA0), Base Period 1982-1984 = 100 (the “CPI”), as the basis for cap on changes in fees. The CPI is published by the Bureau of Labor Statistics (the “BLS”) of the U.S. Department of Labor. For purposes of this Agreement, the most recently published CPI as of the date on which a cost of living adjustment occurs is the “CPI Current Index”, and the “CPI Base Index” is the CPI most recently published as of June 1, 2011 and the CPI most recently published as of the date for subsequent adjustments. If, on June 1 of any year beginning in 2011, the CPI Current Index is higher or lower than the CPI Base Index, then, effective as of such date, an adjustment to the fees will be made by increasing or decreasing the fees no greater than by the percentage that the CPI Current Index increased or decreased from the CPI Base Index, subject to the cap on changes to fees as stated above. In calculating the percentage change, the parties agree to round to one decimal place. The parties acknowledge and agree that Sub-Transfer Agent will adjust the fees and will advise Transfer Agent of such adjustments in writing so that the new fees will amend this Agreement and become effective on June 1 of the applicable year, subject to the terms hereof. If no adjustment is made on June 1 of any year beginning with 2011 for any reason, Sub-Transfer Agent will advise Transfer Agent in writing of such fact.
Consumer Price Index. The reference in the first grammatical paragraph of Section 4.01(B) of the Lease to “Las Vegas” is hereby deleted and in its place is inserted the “Los Angeles-Orange County Average,” and the following sentence shall be added to this first grammatical paragraph of Section 4.01(B): Notwithstanding the foregoing, in no event shall the Minimum Monthly Rent be increased by an amount that is more than fifteen percent (15%) of the Minimum Monthly Rent payable before the adjustment date in question.
Consumer Price Index. For purposes of this Agreement, “Consumer Price Index” will mean the All Items Consumer Price Index for All Urban Consumers (CPI-U) published by the Bureau of Labor Statistics of the United States Department of Labor reflecting the U.S. City Average, 1982-84 = 100.
Consumer Price Index. The reference in the first grammatical paragraph of Section 4.01(B) of the Lease to “Sacramento” is hereby deleted and in its place is inserted the “All West Average,” and the following sentence shall be added to this first grammatical paragraph of Section 4.01(B): Notwithstanding the foregoing, in no event shall the Minimum Monthly Rent be increased by an amount that is more than fifteen percent (15%) of the Minimum Monthly Rent payable before the adjustment date in question.
Consumer Price Index. The Base Rent stated in Section 4.1 shall be adjusted effective on the anniversary of the Commencement Date if the first of the month, otherwise, the anniversary of the first day of the first full month following the Commencement Date, and every twelfth (12th) month thereafter through the term of this Lease, including any extension term (if any), by a percentage equal to the percentage increase for the previous twelve (12) month period, using the index month that is three (3) full months prior to the anniversary month, in the Consumer Price Index for All Urban Consumers, U.S. City Average, all items, as published by the United States Department of Labor, Bureau of Labor Statistics, or at the Port’s option for the ▇▇▇▇▇▇▇-▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇–4= 100) (the “CPI”). In no event will the Port adjust the Base Rent downward as a result of a change in the CPI. If the CPI is not published for any month pertinent to such calculation, the percentage adjustment shall be calculated with reference to the most recent month for which the CPI has been published. If the CPI is discontinued or revised during the Lease Term, the Port, at its sole option may use such other government index or computation with which it is replaced shall be used in order to obtain substantially the same results as would be obtained if the CPI had not been discontinued or revised.
Consumer Price Index. Without limiting any other rights of Company, beginning on the one year anniversary following the earlier of the signature date or Effective Date, Company shall have a right to increase the aggregate fees payable by Merchant by an amount equal to the greater of (i) the average annual charge (expressed as a percentage) for the prior calendar year in the Consumer Price Index for All Urban Consumers – All Items (seasonally unadjusted) (collectively the “CPI-U”) plus 1%, or (ii) 4%.
Consumer Price Index. The term “Consumer Price Index” shall mean the Consumer Price Index for All Urban Consumers as published by the United States Department of Labor, Bureau of Labor Statistics, or any comparable successor index prepared and published by the United States government.
Consumer Price Index. The Medical component of the United States --------------------- Consumer Price Index published by the United States Department of Labor, All Cities Average (1986=100) or such other successor index the parties shall designate.
Consumer Price Index. The reference in the first grammatical paragraph of Section 4.01(B) of the Lease to the “San Francisco-Oakland-San J▇▇▇ Average” is hereby deleted and in its place is inserted the “All West Average,” and the following sentence shall be added to this first grammatical paragraph of Section 4.01(B): Notwithstanding the foregoing, in no event shall the Minimum Monthly Rent be increased by an amount that is more than *** of the Minimum Monthly Rent payable before the adjustment date in question.