Common use of Rebasing Clause in Contracts

Rebasing. If any index quotations, including for greater certainty, CPI and the Wage Rate Escalator, is expressed with an index base period (the period in which the index is set to equal 100) and such base period is changed, then where required for a calculation to be made herein, the replaced base period may be recalculated to reflect the new base period based on the following formula: I h:t = I g:t I g:h x 100

Appears in 2 contracts

Sources: Bruce Power Refurbishment Implementation Agreement, Bruce Power Refurbishment Implementation Agreement

Rebasing. If any index quotations, including for greater certainty, CPI and the Wage Rate Escalator, is expressed with an index base period (the period in which the index is set to equal 100) and such base period is changed, then where required for a calculation to be made herein, the replaced base period may be recalculated to reflect the new base period based on the following formula: I h:t = I g:t I g:h x 100

Appears in 1 contract

Sources: Bruce Power Refurbishment Implementation Agreement