GDPP definition

GDPP means the average annual Gross Domestic Product Implicit Price Index published by Statistics Canada in March (Catalogue No. 13-001-XPB “National Income and Expenditure”), including any amendments or replacements thereto.

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GDPP means the annual average Canada Gross Domestic Product at Market Prices Index, published by Statistics Canada on or about February 28th of each year (Catalogue No. 13-019-X “Implicit price indexes, gross domestic product”) for the prior year;

GDPP for any year means the average annual Gross Domestic Product Implicit Price Index published by Statistics Canada in March (Catalogue No. 13-001-XPB “National Income and Expenditure”) for the prior year, including any amendments or replacements thereto;

Examples of GDPP in a sentence

Thereafter, Instalment of GDPP will be determined by the Transaction Administrator and payable on each Settlement Date in accordance with Clauses 8 (Waterfall) and 9 (Ledgers).
This amount will be escalated annually on each anniversary of the In-Service Date by 75% of GDPP.
In no circumstances will the Purchaser be liable to pay any installment of the GDPP in CAD, the GDPP in Euro, the GDPP in GBP or the GDPP in USD (as the case may be) as an independent liability, since the Purchaser’s liability vis-à-vis the Master Servicer and the Originators under the Transaction Document is limited to the net balance on the Current Account in CAD, the Current Account in Euro, the Current Account in GBP or the Current Account in USD as specified in Clause 11(b).
From the occurrence of a Termination Date, no further installment of the GDPP in CAD, the GDPP in Euro, the GDPP in GBP and the GDPP in USD shall be paid unless and until the balance of the CAD ▇▇▇▇, the EUR ▇▇▇▇, the GBP ▇▇▇▇ or the USD ▇▇▇▇ has been reduced to zero and any credit balance of the Current Account in CAD, the Current Account in Euro, the Current Account in GBP or the Current Account in USD (as the case may be) shall have been duly paid to the Purchaser.
In no circumstances, however, will the Purchaser be liable to pay any Instalment of GDPP as an independent liability, since the Purchaser’s liability towards the Originators under the Transaction Documents is limited to the net balance on the Ledgers as specified in Clause 10 (Settlement).
For the avoidance of doubt neither the the GDPP in CAD, the GDPP in Euro, the GDPP in GBP nor the GDPP in USD represent a liability of the Purchaser other than to the extent of the installment of the GDPP in CAD, the GDPP in Euro, the GDPP in GBP or the GDPP in USD payable pursuant hereto.
Each installment of the GDPP in CAD, the GDPP in Euro, the GDPP in GBP and the GDPP in USD is determined and payable by the Purchaser on each Settlement Date in accordance with Clauses 10 and 11(b).
The Canadian local toll will then be adjusted by 75% of the Canadian GDPP inflation index for the remaining 9 years of the settlement.
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At any Calculation Date, the GDPP in Euro as applicable to the Global Portfolio in CAD, the Global Portfolio in Euro, the Global Portfolio in GBP and the GDPP in USD as applicable to the Global Portfolio in USD will be calculated in accordance with Schedule 3 Part 2.

More Definitions of GDPP

GDPP means the annual average Canada Gross Domestic Product at Market Prices Index, published by Statistics Canada on or about February 28th of each year (Catalogue No. 13-019-X "Implicit price indexes, gross domestic product") for the prior year;

GDPP means the annual average Canada Gross Domestic Product at Market Prices Index, published by Statistics Canada (or its successor) on or about February 28th, for the prior Year, provided, however, (a) if Statistics Canada ceases to publish such index, the GDPP shall mean a comparable index selected by Carrier, acting reasonably, that reflects the general increase in inflation within Canada, and (b) if the applicable governmental agency or other entity that publishes or issues such index changes the base year for such index or the manner in which such index is calculated, then determination of adjustments pursuant to this Agreement that are based on comparative values of such index shall be made using values for such index that are calculated using the same base year and the same methodology for each index value used in such comparison;