# Base Index definition

Base Index means the arithmetic average of the final version of the indexes published for the months, or quarters for ECI, preceding the closing date for receipt of proposals or the date required for receipt of final proposal revisions, if discussions were held.
Base Index means the CPI for the first month of the first Lease Year.

## Examples of Base Index in a sentence

• Even if the New Index decreases relative to the Base Index, the principal amount of the credit and Interest thereupon to be paid will not decrease.

• Formula is as follows: Current Index – Base Index / Base Index = % of Change % of Change x 100 = Percentage Change CPI-U Calculation Example:CPI for current period232.945Less CPI for base period229.815Equals index point change3.130Divided by base period CPI229.815Equals0.0136Result multiplied by 1000.0136 x 100Equals percent change1.4% A price increase may be requested only at each time interval specified above, using the methodology outlined in this section.

• Should a number of linked credits be consolidated, the principal of each credit shall be increased, respectively, according to the rate at which the New Index has increased relative to the Base Index, and such New Index will be deemed to be the Base Index of the consolidated credit as of the consolidation date and thenceforth.

• If an ILS credit is defined as being linked, then on any repayment date of principal or Interest, the principal amount of the credit and Interest thereupon to be paid will be increased according to the rate at which the New Index has increased relative to the Base Index.

• With respect to each Selection Day in the back-cast period, eligible Index Components that were not listed on a regulated exchange in the United States or on a regulated exchange in the United States as an American Depositary Receipt (ADR) have been excluded.The back-tested levels of the Index are based on the Base Index Universe Requirements and Base Index Component Requirements with respect to the Selection Day of each Rebalance Day in the back-test period.

## More Definitions of Base Index

Base Index has the meaning indicated in Section 4.2(b).
Base Index means the Price Index issued for December 31, 1998.
Base Index means the Index in effect on the Commencement Date.
Base Index means the Price Index issued by the Bureau for the ---------- month of December, 2044.
Base Index means the IMF Index (as defined below) applicable to the sixth calendar month prior to the month in respect of which an Index Level has been obtained.
Base Index regarding the principal amount: the Consumer Price Index that is most recently published prior to the signing of the Debtors on this Debenture. Regarding any of the charges and expenses: the Consumer Price Index published most recently before the execution of the charge or payment of expenses by the Bank.