GNP Deflator definition

GNP Deflator means the Gross National Product Implicit Price Deflator for a calendar year as currently published in the United States Department of Commerce, Bureau of Economic Analysis publication entitled “Survey of Current Business”. If the GNP Deflator ceases to exist or becomes unavailable, Borrower and Agent shall agree to a substitute index that reasonably measures inflation for all goods and services within the United States.
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GNP Deflator as defined in the Power Purchase Agreement.
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GNP Deflator means the gross national product deflator, as calculated quarterly by the Bureau of Economic Analysis, Economics and Statistics Administration, United States Department of Commerce;
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Examples of GNP Deflator in a sentence

  • The GNP Deflator is defined as the percentage which when divided into the then current Gross National Product will yield Gross National Product in 1982 dollars (or constant dollars for the then applicable base year).

  • An example of the operation of the GNP Deflator is attached as Exhibit C.

  • The Renewal Term Rent shall be adjusted upward at an annual percentage rate equal to the annual percentage increase in the GNP Deflator, if any, which has occurred during the immediately preceding calendar year, commencing with calendar year 1988 and for each year thereafter.

  • GNP Deflator percentages are published by the U.S. Department of Commerce in its bulletin "Survey of Current Business" and/or the Federal Reserve Bulletin.

  • In no event will the Renewal Term Rent ever be adjusted downward or decreased, provided, however, that in the event of a decrease in the GNP Deflator, the Renewal Term Rent will not be adjusted upward until the GNP Deflator has exceeded a level equal to that in the year immediately preceding the year(s) in which the GNP Deflator decreased.

  • Beginning with the second payment, the Agency Fee shall be increased or decreased as of each date it is payable by the percentage change in the GNP Deflator for the calendar year immediately preceding the date on which the Agency Fee was paid.

  • No Proceedings.......................................78 SECTION 10.08.

  • The Fixed-weighted price index as of January 1, 1990 was calculated to be 130.3. The GNP Deflator for each quarter will be the product of the prior quarter’s GNP Deflator index and the quotient of the GNP Deflator index for the prior quarter divided by the GNP Deflator index for the quarter preceding the prior quarter.

  • The Repair and Maintenance Account shall be funded pursuant to Section 6.1(c) (vi) hereof up to a maximum amount of $1,500,000, which maximum shall be subject to increase promptly after the end of each calendar year to reflect changes in the GNP Deflator during the immediately preceding calendar year (commencing with 1992) (such amount, as may be so adjusted, the “Required Maintenance Balance”).

  • The annual payment will be $100,000, adjusted to correct for the effects of inflation and to maintain $100,000 of constant purchasing power by multiplying such $100,000 figure (or portion thereof for partial years) by a fraction, the numerator of which is the GNP Deflator for the year preceding the year in which the adjustment is being made and the denominator of which is the GNP Deflator for the year of expiration of the initial term of this Agreement.


More Definitions of GNP Deflator

GNP Deflator means the annual revisions to the GNP Implicit Price Deflator Index published by the United States Department of Commerce. If the GNP Deflator is changed, the GNP Deflator shall be converted in accordance with the conversion factor published by the Department of Commerce. If the GNP Deflator is discontinued, with no successor or comparable successor index, the parties agree to select and substitute a mutually agreeable similar index.
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