Index Value definition
Examples of Index Value in a sentence
For each new Rate Year, the index value for the latest available calendar year (“Index Value for the Measuring Year”) will be compared to the index value for the calendar year immediately preceding the latest available calendar year (the Index Value for the Measuring Year -1”).
The Index Value on any day that is not a Business Day is the value as of the prior Business Day.
The Index Value of an Index, on a Business Day, is the published closing value of the Index on that Business Day.
Liquidated damages shall be determined as follows: CPI Current (date breach discovered) / CPI Past (Commencement date) = IF IF x WV = WVB WVB x AF = Liquidated Damages IF = Inflation Factor The Inflation Factor is the change in the monthly Core Inflation Consumer Price Index Value from the Commencement Date to the date that breach is discovered by State.
If an Index Value is not published for a particular day, We will use the closing Index Value on the next day it is published.