GDP Deflator definition
GDP Deflator means the "Gross Domestic Product Implicit Price Deflator" issued from time to time by the United States Bureau of Economic Analysis of the Department of Commerce, or if the aforesaid GDP Deflator is not at such time so prepared and published, any comparable index selected by Tenant and reasonably satisfactory to Operator, if the Operating Agreement is in effect and to Landlord, (a "Substitute Index") then prepared and published by an agency of the Government of the United States, appropriately adjusted for changes in the manner in which such index is prepared and/or year upon which such index is based. Except as otherwise expressly stated herein, whenever a number or amount is required to be "adjusted by the GDP Deflator," or similar terminology, such adjustment shall be equal to the percentage increase or decrease in the GDP Deflator which is issued for the month in which such adjustment is to be made (or, if the GDP Deflator for such month is not yet publicly available, the GDP Deflator for the most recent month for which the GDP Deflator is publicly available) as compared to the GDP Deflator which was issued for the month in which the Commencement Date occurred.
GDP Deflator means, for any Reference Year, the number that results from dividing (i) the gross domestic product of Argentina for such Reference Year measured at the current prices of such Reference Year, as published by INDEC, by (ii) the Actual Real GDP for such Reference Year.
GDP Deflator means the “Gross Domestic Product Implicit Price Deflator” issued from time to time by the United States Bureau of Economic Analysis of the Department of Commerce, or if the aforesaid GDP Deflator is not at such time so prepared and published, any Substitute Index. Except as otherwise expressly stated herein, whenever a number or amount is required to be “adjusted by the GDP Deflator”, or similar terminology, such adjustment shall be equal to the percentage increase or decrease in the GDP Deflator which is issued for the month in which such adjustment is to be made (or, if the GDP Deflator for such month is not yet publicly available, the GDP Deflator for the most recent month for which the GDP Deflator is publicly available) as compared to the GDP Deflator which was issued for the month in which the Commencement Date occurred.
Examples of GDP Deflator in a sentence
Pending such agreement, Tenant shall operate, or cause Manager to operate, the Hotels with respect to those categories that are in dispute based on the previous Fiscal Year’s approved Business Plan, adjusted in accordance with changes in the GDP Deflator over the Fiscal Year just ended and anticipated changes in Gross Revenues.
The threshold value of two hundred thousand (200,000) Dollars shall be escalated annually in line with increases in the GDP Deflator Index.
For each additional Location Confirmation (if any) requested by Vistana during any calendar year, Vistana shall pay to Starwood a fee (a “Location Confirmation Fee”) in the amount of $5,000 (as adjusted annually after the Effective Date by the GDP Deflator).
For each Property Approval Request for Material Changes or Expansions, Vistana shall pay to Starwood simultaneously with the submission of such Property Approval Request a Property Approval Request Fee in the amount of $15,000 (as adjusted annually after the Effective Date by the GDP Deflator).
Effective as of January 1, 1993, the Dedication Fee shall be [_ _ _ _] per Ton of the shortfall amount and shall be escalated each calendar year thereafter by the GDP Deflator, provided however, that such escalation shall not be more than [_ _ _ _] per year and any excess shall not be reflected in the price adjustment in any succeeding year.
More Definitions of GDP Deflator
GDP Deflator means the “Gross Domestic Product Implicit Price Deflator” issued from time to time by the United States Bureau of Economic Analysis of the Department of Commerce, or if the aforesaid GDP Deflator is not at such time so prepared and published, any comparable index selected by Licensor and reasonably satisfactory to Licensee (a “Substitute Index”) then prepared and published by an agency of the government of the United States, appropriately adjusted for changes in the manner in which such index is prepared and/or year upon which such index is based. Any dispute regarding the selection of the Substitute Index or the adjustments to be made thereto shall be settled by a panel of three (3) Experts in accordance with Section 22.5. Except as otherwise expressly stated herein, whenever a number or amount is required to be “adjusted by the GDP Deflator,” or similar terminology, such adjustment shall be equal to the percentage increase or decrease in the GDP Deflator which is issued for the month in which such adjustment is to be made (or, if the GDP Deflator for such month is not yet publicly available, the GDP Deflator for the most recent month for which the GDP Deflator is publicly available) as compared to the GDP Deflator which was issued for the month in which the Effective Date occurred.
GDP Deflator means the "Gross Domestic Product Implicit Price Deflator" issued from time to time by the United States Bureau of Economic Analysis of the Department of Commerce, or if the aforesaid GDP Deflator is not at such time so prepared and published, any comparable index selected by Tenant and reasonably acceptable to Landlord, (a "Substitute Index") then prepared and published by an agency of the Government of the United States, appropriately adjusted for changes in the manner in which such index is prepared and/or year upon which such index is based. Except as otherwise expressly stated herein, whenever a number or amount is required to be "adjusted by the GDP Deflator," or similar terminology, such adjustment shall be equal to the percentage increase or decrease in the GDP Deflator which is issued for the month in which such adjustment is to be made (or, if the GDP Deflator for such month is not yet publicly available, the GDP Deflator for the most recent month for which the GDP Deflator is publicly available) as compared to the GDP Deflator which was issued for the month in which the Commencement Date occurred.
GDP Deflator means the "Gross Domestic Product Implicit Price ------------ Deflator" issued from time to time by the United States Bureau of Economic Analysis of the Department of Commerce, or if the aforesaid GDP Deflator is not at such time so prepared and published, any comparable index selected by Owner and reasonably satisfactory to Management Company (a "Substitute Index") then prepared and published by an agency of the Government of the United States, appropriately adjusted for changes in the manner in which such index is prepared and/or year upon which such index is based. Any dispute regarding the selection of the Substitute Index or the adjustments to be made thereto shall be settled by arbitration in accordance with Section 20.
GDP Deflator means the most recent “final” Gross Domestic Product Implicit Price Deflator as published by the BEA approximately three (3) months after the end of the calendar year, or in the event that the BEA discontinues such index, such comparable replacement index as shall be mutually agreed by the Parties.
GDP Deflator means the preliminary (i.e., second published) Gross Domestic Product Implicit Price Deflator for a calendar quarter as currently published in the United States Department of Commerce, Bureau of Economic Analysis publication entitled Survey of Current Business. Adjustments to rates, fees, prices, premiums and penalties which are to be made annually based on the GDP Deflator shall be calculated as follows: The existing rate, fee, price premium or penalty shall be increased or decreased as of January 1 of each year of the Term hereof commencing on January 1, 1994 by the percentage change in the index number of the GDP Deflator for the calendar quarter immediately preceding such January 1 from the index number of the GDP Deflator for the fourth quarter of the preceding calendar year. If the GDP Deflator ceases to exist or becomes unavailable, the parties shall agree to a substitute index that reasonably measures inflation for all goods and services within the United States.
GDP Deflator means the preliminary (i.e., second published) Gross Domestic Product Implicit Price Deflator for a calendar quarter as currently published in the United States Department of Commerce, Bureau of Economic Analysis publication entitled Survey of Current Business. The base index for the GDP Deflator shall be the fourth quarter of 1992 for all adjustment purposes hereunder. Adjustments to rates, fees, prices, premiums and penalties which are to be made annually based on the GDP Deflator shall be calculated as follows: the existing rate, fee, price, premium or penalty shall be increased or decreased as of January 1, of each year of the Term hereof commencing on January 1, 1996 by the percentage change in the index number of the GDP Deflator for the third calendar quarter of the year immediately preceding such January 1 from the index number of the GDP Deflator for the fourth quarter of 1992 (i.e., the index number of the GDP Deflator for the third quarter of 1995 shall be compared to the index number of the GDP Deflator for the fourth quarter of 1992 for January 1, 1996, adjustments). If the GDP Deflator ceases to exist or becomes unavailable, the parties shall agree to a substitute index that reasonably measures inflation for all goods and services within the United States."
GDP Deflator means the "Gross Domestic Product Implicit Price Deflator" issued from time to time by the United States Bureau of Economic Analysis of the Department of Commerce, or if the aforesaid GDP Deflator is not at such time so prepared and published, any comparable index selected by Tenant and reasonably satisfactory to Tenant (a "Substitute Index") then prepared and published by an agency of the Government of the United States, appropriately adjusted for changes in the manner in which such index is prepared and/or year upon which such index is based. Any dispute regarding the selection of the Substitute Index or the adjustments to be made thereto shall be settled by the Expert in accordance with Article 19. Except as otherwise expressly stated herein, whenever a number or amount is required to be "adjusted by the GDP Deflator," or similar terminology, such adjustment shall be equal to the percentage increase or decrease in the GDP Deflator which is issued for the month in which such adjustment is to be made (or, if the GDP Deflator for such month is not yet publicly available, the GDP Deflator for the most recent month for which the GDP Deflator is publicly available) as compared to the GDP Deflator which was issued for the month in which the Effective Date occurred.