Indexed Price Clause Samples

The Indexed Price clause establishes that the price of goods or services in a contract will be adjusted based on changes in a specified external index, such as inflation rates or commodity prices. In practice, this means that the contract price may increase or decrease periodically according to fluctuations in the chosen index, ensuring that the value exchanged remains fair over time. This clause is primarily used to protect both parties from significant market volatility, ensuring that neither side is unfairly disadvantaged by unforeseen economic changes during the contract term.
Indexed Price. The Indexed Price of the Home means the sales price of the Home at the time of purchase by the Owner, as set forth on page 1 of this Agreement (the "Owner's Base Price"), increased by the percentage of increase in the Median Income from the date of the original purchase of the Home by the Owner to the date of receipt by the City of the Owner's Notice of Intent to Transfer, and, where applicable, adjusted pursuant to subsection 11A(1) to reflect the value of Eligible Capital Improvements and subsection 11A(3) to reflect Owner's Original Closing Costs or subsection 11A(2) below to reflect the cost of deferred maintenance. "Median Income" shall refer to the median yearly income, adjusted for a household size of four, in Alameda County, as published by the California Department of Housing and Community Development ("HCD"), or, in the event such income determination is no longer published by HCD, or has not been updated for a period of at least eighteen (18) months, the City may use or develop such other reasonable method as it may choose in order to determine the median yearly income in Alameda County. The Median Income as of the date of this Agreement is shown on the first page of this Agreement. (1) Where applicable, the Indexed Price shall include an upward adjustment reflecting the value of any substantial structural or permanent fixed improvements which the Owner has made to the Home after purchase of the Home. No such adjustment shall be made except for improvements: (a) made or installed by the Owner which conform with applicable building codes; (b) approved in advance of installation by the City; (c) whose initial costs were Two Thousand Dollars ($2,000) or more; and (d) that conform to Federal Housing Quality Standards and (e) for which the Owner has submitted two bids from contractors acceptable to the City stating the estimated cost to perform the Improvements. Capital improvements meeting the above requirements are referred to herein as "Eligible Capital Improvements." Eligible Capital Improvements shall be any addition or improvement made to the Home which consists of more than mere repairs or replacement of existing facilities or improvements and which has a useful life of five (5) years or more. A form for use in requesting City approval of an Eligible Capital Improvement is attached hereto as Exhibit E. The adjustment to the Indexed Price for Eligible Capital Improvements shall be limited to the cost minus depreciation value of the Eligible Cap...
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Indexed Price. The Indexed Price of the Home means the sales price of the Home at the time of purchase by the Owner, as set forth on page 1 of this Agreement (the "Owner's Base Price"), increased by the percentage of increase in the Median Income from the date of the original purchase of the Home by the Owner to the date of receipt by the City of the Owner's Notice of Intent to Transfer, and, where applicable, adjusted pursuant to subsection (2) below to reflect the value of capital improvements or the cost of deferred maintenance. A decrease in Median Income shall have no affect the Index Price. "Median Income" shall refer to the median yearly income, adjusted for a household size of four (4), in Contra Costa County, as published by the California Department of Housing and Community Development ("HCD"), or, in the event such income determination is no longer published by HCD, or has not been updated for a period of at least eighteen (18) months, the City may use or develop such other reasonable method as it may choose in order to determine the median yearly income in Contra Costa County. The Median Income for a household of four (4) persons as of the date of this Agreement is shown on the first page of this Agreement.
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Indexed Price. 23.3.1 For the second Year of the Supply Period and thereafter, the Base Price determined in accordance with Clause 23.2 shall be revised annually to reflect the variation in Price Index occurring between the Base Index Date and the Reference Index Date for the relevant Year (the “Indexed Price”).For the avoidance of doubt and by way of illustration, if the Price Index increases by 14% (fourteen per cent) between the Base Index Date and the Reference Index Date for the third Year of the Supply Period, the Indexed Price for the third Year shall be 114% (one hundred and fourteen percent) of the Base Price for that Year. 23.3.2 In the event that the Price Index varies by more than 4% (four per cent) between the Reference Index Date for any Year and the last date preceding any month of that Year, the Indexed Price shall be revised to reflect such variation at the commencement of that month, and such Indexed Price shall be the Train Price until its revision for the following month or Year, as the case may be, in accordance with the provisions of this Clause
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Indexed Price as on the date of original scheduled supply or date of delayed supply whichever is lower.
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Indexed Price. The “Indexed Price” of the Home means the Owner’s Base Price, increased by an amount equal to the percentage of increase in AMI from the date of the original purchase of the Home by the Owner to the date of receipt by the City of the Owner’s Notice of Intent to Transfer, and, where applicable, adjusted pursuant to subsection (2) below to reflect the value of capital improvements or the cost of deferred maintenance. The AMI as of the date of this Agreement is shown on the first page of this Agreement.
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Related to Indexed Price

  • Fixed Price An Authorized User Agreement shall be awarded on a fixed-price basis only. As such, the Contractor shall complete all project Deliverables indicated in the final negotiated Authorized User Agreement, without any increase in cost to the Authorized User. If the Contractor resources required to complete such work are more than the Contractor agreed to in the Mini-Bid, these additional resources must be provided to the Authorized User at no additional cost.

  • Price If pricing is not stated on this Order or in an executed procurement agreement, then Supplier’s pricing shall not exceed the lowest prices charged by Supplier to other similarly situated customers. Except as otherwise provided in this Order, such prices are inclusive of applicable value added tax and other similar taxes (collectively “VAT”), freight charges and duties.

  • Total Price 36.1.1 The Allottee shall make the payment of the Total Price as per the payment plan set out in Schedule C. The Promoter may from time to time raise demand as per Payment Schedule for payment of installments by issuing notices to the Allottee and the Allottee shall make the payments promptly within the time stipulated in such notices. 36.1.2 Besides the Total Price, the Allottee shall be required to pay certain other amounts as mentioned in the Payment Schedule and in Clause 41(b) herein (“Other Charges and Deposits”) at such times as prescribed in the Payment Schedule or as may be demanded by the Promoter from time to time. 36.1.3 Any change of Payment Plan/Schedule shall normally not be entertained but may be entertained on the discretion of the Promoter on payment of an extra charge of Rs. /-(Rupees …………………………………….. only).

  • The Price 7.1. The Price for the Business shall ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ : Goodwill $ [ ] Leasehold Properties $ [ ] Assets $ [ ] Contracts and all other property Nil ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Market Value Adjustment Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11