Index Linking definition
Examples of Index Linking in a sentence
Payment of any money under this Agreement shall be made by the Owner sending the full amount payable in the form of a Banker’s Draft or Solicitors’ client account cheque within the time specified in this Agreement together with a letter specifically referring the name, date and parties to this Agreement and citing the number and clause of this Agreement to which the relevant sum relates and identifying which portion of the amount relates to any sum calculated to take account of Index Linking.
The Contributions payable under this Agreement shall be taken to include the actual Contribution payable including any amount for Index Linking and also if due any Interest.
Where Index Linking applies, unless otherwise provided in this clause or the Schedules to this Deed the relevant sum shall be adjusted by the percentage change if any between the figure of the Relevant Index for August 2018 or the third quarter of 2018 as the case may be and the most recent figure of the Relevant Index when the relevant sum falls due to be paid (”Final Index Value”).
Notwithstanding that the Developer shall pay Interest on the Index Linked sum as calculated pursuant to 15.3 above, the Developer shall also be responsible for the amount of Index Linking between the Specified Date to the date of actual payment even though that additional Index Linking attracts no Interest.
In the case of Schedules 8 and 12, Index Linking shall be carried out each time a reserved matters approval is granted.
Where CPI Jc is the Consumer Price Index published in the Month of June in the Service Year immediately prior to that in which Tariff Index Linking is being applied, and and cognate expressions will be construed accordingly.