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As-Is
As-Is contract clause examples

a fraction, the numerator of which is the CPI as of July 1st of the year in which such Annual Supplemental Payment is required to be made (i.e., the date that is three (3) months before the Day by which such Annual Supplemental Payment is required to be made) and the denominator of which is the CPI as of July 1st of the year that is two (2) years before the year in which such Annual Supplemental Payment is required to be made (i.e., the date that is twenty-seven (27) months before the Day by which such Annual Supplemental Payment is required to be made); and

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a fraction, the numerator of which is the CPI as of May 1st of the Annual City Payment Period that immediately precedes the Annual City Payment Period for which such Annual City Payment is required to be made (i.e., the date that is three (3) months before the commencement of the Annual City Payment Period for which such Annual City Payment is required to be made) and the denominator of which is the CPI as of May 1st of the Annual City Payment Period that occurred two (2) years prior to the Annual City Payment Period for which such Annual City Payment is required to be made (i.e., the date that is twenty-seven (27) months before the commencement of the Annual City Payment Period for which such Annual City Payment is required to be made); and

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