Harmonised Index of Consumer Prices definition
Examples of Harmonised Index of Consumer Prices in a sentence
For all Agreements entered into by Carbon+Alt+Delete and a Customer with a foreign registered seat, i.e., outside of Belgium, the Annual License Fees may be increased (and never decreased) each year in January in accordance with the Harmonised Index of Consumer Prices for the Euro area (HICP, see index here).
For Agreements entered into by Carbon+Alt+Delete and a Customer with a Belgian registered seat, the Annual License Fees may be increased (and never decreased) each year in January in function of a change in labour costs or external (third party) costs (e.g., wages, energy costs and (raw) material, third party licenses (e.g. hosting services, and others) in accordance with the Harmonised Index of Consumer Prices for the Euro area (HICP, see index here).
Commencing upon the [***] anniversary of the Effective Date and upon [***] anniversary thereafter, the fee will be adjusted in accordance with the percentage change over the applicable annual period in the consumer price inflation in the euro area as measured by the Harmonised Index of Consumer Prices (“HICP”).
Without limiting any other rights under this Agreement and in accordance with the amendments clauses of the Agreement, as of the one-year anniversary following the Effective Date of this Agreement, Givex maintains the right to increase the fees payable by you taking into consideration consumer price inflation and/or the Harmonised Index of Consumer Prices, as relevant.
For Agreements entered into by Carbon+Alt+Delete and a Customer with a Belgian registered seat, the License Fees may be increased (and never decreased) each year in January in function of a change in labour costs or external (third party) costs (e.g., wages, energy costs and (raw) material, third party licenses (e.g. hosting services, and others) in accordance with the Harmonised Index of Consumer Prices (HICP, see index here).
Starting on the third anniversary date of the Effective Date, and thereafter on each anniversary date after the Effective Date, the FTE Rate will be adjusted for inflation based upon the Harmonised Index of Consumer Prices (“HICP”) applicable to Belgium as published by the European Central Bank and in accordance with the formula set forth in Schedule 5.17.
Commencing upon the [***] anniversary of the Effective Date and upon every anniversary thereafter, the fee will be adjusted in accordance with the percentage change over the applicable annual period in the consumer price inflation in the euro area as measured by the Harmonised Index of Consumer Prices (“HICP”).
For all Agreements entered into by Carbon+Alt+Delete and a Customer with a foreign registered seat, i.e., outside of Belgium, the License Fees may be increased (and never decreased) each year in January in accordance with the Harmonised Index of Consumer Prices (HICP, see index here).
The rent level is increased on the basis of a specific index provided for in the lease agreement, such as Harmonised Index of Consumer Prices, on an annual basis.
These fees shall be annually adjusted after monitoring the inflation rate, measured by means of the Harmonised Index of Consumer Prices published by Eurostat pursuant to Regulation (EU) No 2016/792.