INSEE definition
Examples of INSEE in a sentence
If the INSEE index decreases, rent will remain same (no decrease).
Rent shall increase based on INSEE index on the anniversary of the lease.
The aforementioned rent will be automatically indexed on the first of April every year in accordance with the fluctuation in index of costs to construct a building as is published by the National Institute of the Statistics and the Economic Surveys (l'Institut National des Statistiques et des Etudes Economiques - INSEE) for the 3rd quarter of each year.
The rent for the premises described above is subject to variations in proportion to the index of the cost of construction published quarterly by the I.N.S.E.E. This article constitutes a conventional indexing clause and does not refer to the triennial revision permitted by law pursuant to Articles 26 and 27 of the Decree dated September 30, 1953, which shall be applied ipso jure.
ICHTrevTS = latest representative value of the Index of the ‘Revised Hourly Cost of Labour for All Employees, mechanical and electrical industries heading’ or equivalent value, known at the time of the annual revision of the price in question and published by INSEE [identifier INSEE 001565183] ICHTrevTS0 = value of ICHTrevTS in July 2021.
The department head shall make whatever additional investigation is necessary and shall, within five (5) working days after presentation of the grievance, give a decision.
This two point five percent (2.5%) increase shall apply notwithstanding the application of movements in the INSEE construction price index which serves as the benchmark for the escalator clause stipulated in the General Terms and Conditions, up to a maximum annual increase in this index of two percent (2%).
The rent for the premises designated above is allocated from a sliding scale clause and proportionally to the construction cost index published quarterly by INSEE [National Institute of Economic and Statistical Information].
If the national construction cost index issued by INSEE ceases to be published or if recourse to this index is forbidden by future regulations, it will be replaced, failing an official replacement index, by an equivalent index chosen by agreement or, failing this, by a single expert, appointed by agreement between the parties or by order of the Chief Judge of the District Court at the petition of the first party to act; the expert's costs and fees shall be borne exclusively by the LESSEE.
Said rent shall be indexed at each term, at the percentage stipulated in, the Special Terms, against the national construction cost index published by INSEE.