Inflation definition
Examples of Inflation in a sentence
Except for taxes, the proceeds placed in the Trust Account and the interest earned thereon shall not be used to pay for possible excise tax or any other fees or taxes that may be levied on the Company pursuant to any current, pending or future rules or laws, including without limitation any excise tax due under the Inflation Reduction Act of 2022 (“IRA”) on any redemptions or stock buybacks by the Company.
Investors Bank will prepare complete and reasonable supporting tax supporting work-papers and tax returns for the tax fiscal year ending February 28, 2007 (December 31, 2006 in the case of GMO Inflation Indexed Plus Bond Fund).
In the event an excise tax and/or any other similar fee or tax in nature is levied or imposed on the Company pursuant to any current law(s), including without limitation any excise tax due under the Inflation Reduction Act (IRA) of 2022 in relation to a redemption of securities as described in the Registration Statement or otherwise, the Company hereby agrees not to make payment of any such tax or fee from the Trust Account and further agrees not to seek recourse for such tax or fee from the Trust Account.
If the basis of computing the Consumer Prices Index to be used for calculating inflation changes whilst this Contract is in force, any official reconciliation between the two bases of calculation is to be used in calculating Inflation.
If there is no reconciliation or no replacement index, Inflation is to be calculated by reference to such other index as the Parties (acting reasonably) agree most closely replaces the Consumer Prices Index, with such adjustments as are appropriate to reflect the differences between that index and the Consumer Prices Index.