Definition of PPI Index


PPI Index means the Producers Price Index for Finished Goods as published by the U.S. Department of Labor Bureau of Labor Statistics.
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Examples of PPI Index in a sentence

Colgate or its Mexican affiliates shall pay for the cost and expense of such decommissioning; provided, however, that (i) such cost shall not exceed the (****) (subject to escalation according to the applicable PPI Index, retroactive to the beginning of any applicable year, over the 1997 base therefor for all contract years after 1997), and (ii) such decommissioning commences prior to the fifth anniversary of the Commencement Date.
PPI Index shall mean the Producer Price Index, less food component, published by the United States Bureau of Labor from time to time.
Effective April 1st of each year during the term of the Amended and Restated Agreement, a can sheet to cans conversion factor will be increased (or decreased) by a percentage equal to [***], if any, (commencing on April 1, 2005) in the Producer Price Index for Intermediate Materials, Supplies and Components (PPI) (Index Code WPUSOP 2000) for the period ending December 31st of the preceding year.
The parties agree that the following examples shall serve as instruction to application of the formula: Example Termination after 36 months, total sales in preceding 12 months of $*** and no adjustment for PPI Index.
Starting in FY04, we agree that modifications to the depreciation component of Fixed Overhead Cost as contemplated by Section 4.4(a) will be made based upon the annual percentage change in the PPI Index referenced in section 2 above.