Laserfiche WebLink
ATTACHMENT A <br />insurance shall be required and the Parties shall execute a written document acknowledging that <br />such insurance is not required. <br /> <br /> (e) Inflation Acl.hm/mentq On the fifth (5"') anniversary of the Date Of This <br />Lease and every fifth (5'~) anniversary thereafter, the Parties shall recalculate the Insurance Dollar <br />Amount (as defined in subsection (e)(4) below) set forth in subsections (b), (c), and (d) of this <br />Section on the basis of the CPI Adjustment (as defined in subsection (e)(3) below), and Lessee <br />shall carry insurance, to the extent commercially reasonably available, with limits reflecting such <br />adjusted Insurance Dollar Amount. <br /> <br />(l) <br /> <br />Adjnq/ment in lnqnrance Dnllar Amount. On the fifth (5'h) <br />anniversary of the Date of this Lease and every fifth (5'~) <br />anniversary thereafter during the Lease Term, Lessee shall <br />determine the Inflation Adjustment as defined in subsection (e)(2) <br />below for the Insurance Dollar Amount as defined in subsection <br />(e)(4) below. Within sixty (60) days after Lessee determines such <br />Insurance Dollar Amount, Lessee shall then adjust its insurance <br />coverage to a limit not less than the Inflation Adjustment, as such <br />coverage to the extent commercially reasonably available. <br /> <br />Inflation Adjn~trnen/ As used in this Section, Inflation <br />Adjustment shall mean the sum of the then current and applicable <br />Insurance Dollar Amount and the product of the CPI Adjustment <br />and the current and applicable Insurance Dollar Amount. <br /> <br />(3) <br /> <br />CPI Adfi,qtmenl As used in this Section, CP1 Adjustment shall <br />mean the ratio, the numerator of which is the Consumer Price <br />Index - for the U.S. and selected Areas for Urban Wage Earners <br />and Clerical Workers, all Items ( 1982-1984-100)" published by the <br />U.S. Department of Labor, Bureau of Labor Statistics ("Consumer <br />Price Index") most recently published as of the date the Lessee <br />determines the Inflation Adjustment and the denominator of which <br />is the Consumer Price lndex most recently published on the date <br />the Lessee last determined the Infiation Adjustment. lfthe Bureau <br />of Labor Statistics ceases to use the 1982-1984 average of 100 as <br />the basis of computation, then the ratio shall be adjusted so as to <br />reach the same figure that would have been arrived at had such <br />other price index been in effect on the other dates that Lessee <br />determined the Inflation Adjustment. If the Consumer Price Index <br />is no longer published or issued, then a reliable government or <br />other non-partisan publication creating an index to determine <br />inflation shall be used and the ratio shall be adjusted so as to reach <br />the same figure that would have been arrived at had such other. <br /> <br /> 18 <br />144\105~153233.13 <br /> <br /> <br />