Index Figure definition
Examples of Index Figure in a sentence
At the commencement of each Lease Year the CPI-U for the preceding August (“Measure Month”) shall be ascertained and noted and the rent commencing with the start of such period of the Lease shall be adjusted by increasing the Basic Rent, percentage wise, as the said CPI-U for the Measure Month has increased as compared with the CPI-U of the Base Index Figure.
There shall be no adjustment if the CPI-U of the Measure Month is lower than the Based Index Figure.
Where the provisions of Condition 5(e) above apply, the determination of the Indexation Adviser as to the Index Figure applicable to the month in which the date for payment falls or the date for payment, as the case may be, shall be conclusive and binding on the Issuer, the Trustee, the Noteholders and Couponholders.