CPI Payment definition

CPI Payment means: With respect to each Interest Payment Date, the Index for therelevant Reference Month. "CPI Initial" means: The Index published for the month of August 2007. "CPI Final" means: The Index published for the month of August 2017. “Interest Period” means: The period from and including one Specified Interest Payment Date (or the Issue Date in respect of the first Interest Period) to but excluding the next Specified Interest Payment Date, each date being subject to no adjustment. “Index” means: Subject to the provisions of the Inflation Annex hereto, the Israeli Consumer Price Index (also known as the Cost of Living Index), including fruits and vegetables, or relevant Successor Index, measuring the rate of inflation in Israel expressed as an index and published by the Index Sponsor. “Index Sponsor” means: The Israeli Central Bureau of Statistics or any successor thereto acceptable to the Calculation Agent or any corporation or other entity that (a) is responsible for setting and reviewing the rules and procedures and the methods of calculation and adjustments, if any, related to the Successor Index and (b) announces (directly or through an agent) the level of the Successor Index on a regular basis.
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Examples of CPI Payment in a sentence

  • If the average monthly CPI for Canada [Base 1992] for the twelve months ending December 31, 2007, is greater than the average monthly CPI for Canada for the 12 months ending December 31, 2006, a one time lump sum payment will be made prior to March 31, 2008 based on the following table: Percentage Change in CPI Payment as a percent of Gross Earnings from Jan 1, 2007 – Dec.

  • If the average monthly CPI for Canada [Base 2002] for the twelve months ending December 31, 2010, is greater than the average monthly CPI for Canada for the 12 months ending December 31, 2009, a one time lump sum payment will be made prior to March 31, 2011 based on the following table: Percentage Change in CPI Payment as a percent of Gross Earnings from Jan 1, 2010 – Dec.

  • If the average monthly CPI for Canada [Base 2002] for the twelve months ending December 31, 2021, is greater than CPI for Canada for the 12 months ending December 31, 2020, a one-time lump sum payment will be made prior to March 31, 2022 based on the following table: Percentage Change in CPI Payment as a percent of Gross Earnings from Jan 1, 2021 – Dec.