{"component": "definition", "props": {"groups": [{"size": 10, "snippet": "means any index comparable to the GDP Deflator selected by Landlord and reasonably satisfactory to Tenant then prepared and published by an agency of the Government of the United States, appropriately adjusted for changes in the manner in which such index is prepared and/or year upon which such index is based.", "snippet_links": [{"key": "gdp-deflator", "type": "definition", "offset": [34, 46]}, {"key": "by-landlord", "type": "clause", "offset": [56, 67]}, {"key": "to-tenant", "type": "clause", "offset": [96, 105]}, {"key": "an-agency", "type": "definition", "offset": [137, 146]}, {"key": "government-of-the-united-states", "type": "definition", "offset": [154, 185]}, {"key": "changes-in", "type": "definition", "offset": [214, 224]}], "samples": [{"hash": "T2LzXD2GUk", "uri": "/contracts/T2LzXD2GUk#substitute-index", "label": "Lease Agreement (ESH Hospitality, Inc.)", "score": 29.8295687885, "published": true}, {"hash": "57TpJVr3wvg", "uri": "/contracts/57TpJVr3wvg#substitute-index", "label": "Lease Agreement (ESH Hospitality, Inc.)", "score": 29.8295687885, "published": true}, {"hash": "3GNcKnanF4H", "uri": "/contracts/3GNcKnanF4H#substitute-index", "label": "Lease Agreement (ESH Hospitality, Inc.)", "score": 29.8295687885, "published": true}], "hash": "907ddd2ca84becaa592435b952469018", "id": 1}, {"size": 9, "snippet": "means a successor index identified by the Calculation Agent using commercially reasonable efforts, with characteristics, objectives and rules similar to the Index in effect immediate prior to the occurrence of the Index Cancellation.", "snippet_links": [{"key": "successor-index", "type": "definition", "offset": [8, 23]}, {"key": "the-calculation-agent", "type": "clause", "offset": [38, 59]}, {"key": "commercially-reasonable-efforts", "type": "clause", "offset": [66, 97]}, {"key": "and-rules", "type": "clause", "offset": [132, 141]}, {"key": "similar-to", "type": "definition", "offset": [142, 152]}, {"key": "in-effect", "type": "clause", "offset": [163, 172]}, {"key": "prior-to-the", "type": "clause", "offset": [183, 195]}, {"key": "index-cancellation", "type": "definition", "offset": [214, 232]}], "samples": [{"hash": "7f0arxmha1A", "uri": "https://www.mfsa.mt/wp-content/uploads/2019/01/HSBC_NWP_Base_Prospectus2012-Part_D.pdf", "label": "Issuance of Note", "score": 10.2320328542, "published": false}, {"hash": "chXUJheiZi3", "uri": "https://www.ise.ie/debt_documents/ListingParticulars_3fd739ee-54da-48c9-9951-a511b8c6997e.PDF", "label": "www.ise.ie", "score": 8.5154004107, "published": false}, {"hash": "c09XouqrCmX", "uri": "https://www.about.hsbc.fr/-/media/france/en/investors-relations/debt-issuance/issuance-programmes/1701-offering-memorandum-2017.pdf", "label": "www.about.hsbc.fr", "score": 8.5154004107, "published": false}], "hash": "cb31ecbbca74cc6cf0d5e97bfc11e0eb", "id": 2}, {"size": 6, "snippet": "means an index which is calculated in accordance with the following provisions:", "snippet_links": [{"key": "in-accordance-with", "type": "definition", "offset": [35, 53]}], "samples": [{"hash": "kezuT0VNGq6", "uri": "http://www.oblible.com/Prospectus/www.oblible.com__DE0001030583.pdf", "label": "www.oblible.com", "score": 18.1622203172, "published": false}, {"hash": "18ls4bgmVvM", "uri": "https://www.deutsche-finanzagentur.de/fileadmin/user_upload/Institutionelle-investoren/emissionsbedingungen/en/Emissionsbedingungen_ILB_2015_en.pdf", "label": "www.deutsche-finanzagentur.de", "score": 13.2012942567, "published": false}, {"hash": "l61Fw7tW7ci", "uri": "https://www.deutsche-finanzagentur.de/fileadmin/user_upload/Institutionelle-investoren/emissionsbedingungen/en/Emissionsbedingungen_ILB_2013_en.pdf", "label": "www.deutsche-finanzagentur.de", "score": 8.7296372348, "published": false}], "hash": "b64285fb062fa116e2ad3445256f04cd", "id": 3}, {"size": 5, "snippet": "means a floating rate index (a) that is commonly accepted by market participants in commercial mortgage backed securities transactions as an alternative to LIBOR, as determined by Lender in good faith, and (b) that is publicly recognized by the International Swaps and Derivatives Association (ISDA) as an alternative to LIBOR.", "snippet_links": [{"key": "floating-rate-index", "type": "definition", "offset": [8, 27]}, {"key": "accepted-by", "type": "definition", "offset": [49, 60]}, {"key": "market-participants", "type": "definition", "offset": [61, 80]}, {"key": "securities-transactions", "type": "clause", "offset": [111, 134]}, {"key": "by-lender", "type": "definition", "offset": [177, 186]}, {"key": "in-good-faith", "type": "clause", "offset": [187, 200]}], "samples": [{"hash": "jXXu1JcbLDg", "uri": "/contracts/jXXu1JcbLDg#substitute-index", "label": "Loan Agreement (Hospitality Investors Trust, Inc.)", "score": 30.3415468857, "published": true}, {"hash": "j4nKNXg6vPt", "uri": "/contracts/j4nKNXg6vPt#substitute-index", "label": "Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.)", "score": 28.3415468857, "published": true}, {"hash": "g8uYBaUAlTd", "uri": "/contracts/g8uYBaUAlTd#substitute-index", "label": "Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.)", "score": 28.3415468857, "published": true}], "hash": "07796e28b2013bf9d265ff6275c34d17", "id": 4}, {"size": 4, "snippet": "means either (i) a floating rate index (a) that is commonly accepted by market participants in securitized and capital markets real estate finance transactions as an alternative to the then-current Floating Rate and (b) that is publicly recognized by the International Swaps and Derivatives Association as an alternative to the then-current Floating Rate; or (ii) if the Administrative Agent determines in good faith that a floating rate index described in clause (i) of this definition cannot be determined, then, for so long as such a floating rate index cannot be determined, the Prime Rate.", "snippet_links": [{"key": "floating-rate-index", "type": "definition", "offset": [19, 38]}, {"key": "accepted-by", "type": "definition", "offset": [60, 71]}, {"key": "market-participants", "type": "definition", "offset": [72, 91]}, {"key": "capital-markets", "type": "definition", "offset": [111, 126]}, {"key": "real-estate", "type": "clause", "offset": [127, 138]}, {"key": "the-administrative-agent", "type": "definition", "offset": [367, 391]}, {"key": "in-good-faith", "type": "clause", "offset": [403, 416]}, {"key": "in-clause", "type": "clause", "offset": [454, 463]}, {"key": "the-prime-rate", "type": "definition", "offset": [579, 593]}], "samples": [{"hash": "79w00mJwnE", "uri": "/contracts/79w00mJwnE#substitute-index", "label": "Loan Agreement (Stratus Properties Inc)", "score": 36.1950718686, "published": true}, {"hash": "dNDHJ5ckzT7", "uri": "/contracts/dNDHJ5ckzT7#substitute-index", "label": "Loan Agreement (Stratus Properties Inc)", "score": 35.9021218344, "published": true}, {"hash": "58tiNmIqH4H", "uri": "https://stratuspropertiesinc.gcs-web.com/static-files/95340121-cd39-42a7-aced-114d1ad04f92", "label": "stratuspropertiesinc.gcs-web.com", "score": 20.0732662644, "published": false}], "hash": "47abc791ca2297845c1285998dfe0222", "id": 5}, {"size": 3, "snippet": "means any substitute index approved by the Security Calculation Agent as a Substitute Index pursuant to Section 3 hereof.", "snippet_links": [{"key": "approved-by", "type": "definition", "offset": [27, 38]}, {"key": "security-calculation-agent", "type": "definition", "offset": [43, 69]}, {"key": "pursuant-to-section-3", "type": "clause", "offset": [92, 113]}], "samples": [{"hash": "ho2RjXcVQ27", "uri": "https://www.sec.gov/Archives/edgar/data/1114446/000119312518322729/d637060dex2.htm", "label": "Form of Global Note (Ubs Ag)", "score": 17.8514715948, "published": false}, {"hash": "fGsVrudsFJn", "uri": "https://www.sec.gov/Archives/edgar/data/1114446/000119312518291889/d572499dex3.htm", "label": "Form of Global Note (Ubs Ag)", "score": 17.7529089665, "published": false}, {"hash": "9hcNv1PEo0i", "uri": "https://www.sec.gov/Archives/edgar/data/1114446/000119312518282637/d621752dex2.htm", "label": "Form of Global Note (Ubs Ag)", "score": 17.7310061602, "published": false}], "hash": "ec1403db2f5d6560d00c3b5982b93de5", "id": 6}, {"size": 2, "snippet": "means in relation to an Index Warrant, an Index replacing the Index over which Index Warrants have been issued in terms of this Programme Memorandum, as set out in Condition 14 (Substitute Index and Adjustment);", "snippet_links": [{"key": "in-relation-to", "type": "clause", "offset": [6, 20]}, {"key": "index-warrants", "type": "definition", "offset": [79, 93]}, {"key": "terms-of", "type": "clause", "offset": [114, 122]}, {"key": "programme-memorandum", "type": "definition", "offset": [128, 148]}, {"key": "set-out", "type": "definition", "offset": [153, 160]}, {"key": "in-condition", "type": "clause", "offset": [161, 173]}], "samples": [{"hash": "JD7nrVUTQ9", "uri": "https://group.nedbank.co.za/content/dam/group/pdf/12_equity-programme-listed-on-the-jse-limited/ned3092-warrant-and-etn-programme-aug-2010.pdf", "label": "Warrant", "score": 17.6706241055, "published": false}, {"hash": "5s2YQO5nQga", "uri": "https://nedbank.co.za/content/dam/nedbank/site-assets/Corporate/Supporting%20Documents/ExchangeTradedNotes/NED3092Warrant%20and%20ETN%20Programme.pdf", "label": "Warrant", "score": 13.3750855578, "published": false}], "hash": "a84be3408148ead67faee264ecc47964", "id": 7}, {"size": 2, "snippet": "shall have the meaning specified in the Fee Letter.", "snippet_links": [{"key": "the-fee-letter", "type": "clause", "offset": [36, 50]}], "samples": [{"hash": "lSCnLG6v8rO", "uri": "/contracts/lSCnLG6v8rO#substitute-index", "label": "Master Repurchase Agreement", "score": 31.340862423, "published": true}, {"hash": "hkrDPvC2u52", "uri": "/contracts/hkrDPvC2u52#substitute-index", "label": "Master Repurchase Agreement (Colony NorthStar Credit Real Estate, Inc.)", "score": 29.3121149897, "published": true}], "hash": "064a518a822224a114e221288ba2c576", "id": 8}, {"size": 2, "snippet": "means the most recently effective substitute SIFMA Index, if any, designated in writing by the Borrower, for tax-exempt bonds meeting the then-current SIFMA criteria. The Calculation Agent shall be entitled to conclusively rely upon the determination of a Substitute Index by the Borrower and shall have no obligation to select a Substitute Index, nor shall the Calculation Agent be responsible for monitoring the selection of Substitute Index by the Borrower.", "snippet_links": [{"key": "sifma-index", "type": "definition", "offset": [45, 56]}, {"key": "in-writing", "type": "definition", "offset": [77, 87]}, {"key": "by-the-borrower", "type": "clause", "offset": [88, 103]}, {"key": "agent-shall", "type": "definition", "offset": [183, 194]}, {"key": "the-determination-of", "type": "definition", "offset": [233, 253]}, {"key": "no-obligation-to", "type": "clause", "offset": [304, 320]}, {"key": "responsible-for", "type": "clause", "offset": [383, 398]}, {"key": "selection-of", "type": "definition", "offset": [414, 426]}], "samples": [{"hash": "bxH3CEX77vh", "uri": "/contracts/bxH3CEX77vh#substitute-index", "label": "Loan Agreement (Navistar International Corp)", "score": 31.5954825462, "published": true}, {"hash": "g0Jz7uDlspw", "uri": "https://d18rn0p25nwr6d.cloudfront.net/CIK-0000808450/65bd3ef4-f014-4fd6-ada5-44912e693a1d.pdf", "label": "d18rn0p25nwr6d.cloudfront.net", "score": 11.0369609856, "published": false}], "hash": "cd0823fe1bca80f2277ffb40716059ca", "id": 9}, {"size": 2, "snippet": "if applicable, shall have the meaning specified in Section 13.", "snippet_links": [{"key": "if-applicable", "type": "clause", "offset": [0, 13]}, {"key": "section-13", "type": "definition", "offset": [51, 61]}], "samples": [{"hash": "hCZ01Z5YuwE", "uri": "/contracts/hCZ01Z5YuwE#substitute-index", "label": "Pooling and Servicing Agreement (SRFG Inc)", "score": 18.0, "published": true}, {"hash": "6LW0ZTKqYji", "uri": "/contracts/6LW0ZTKqYji#substitute-index", "label": "Pooling and Servicing Agreement Supplement (Sears Credit Account Master Trust Ii)", "score": 18.0, "published": true}], "hash": "8001845cd023760948090e48f293ae2e", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIZc3Vic3RpdHV0ZS1pbmRleCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"size": 57, "snippet": "means any index comparable to the GDP Deflator selected by Landlord and reasonably satisfactory to Tenant then prepared and published by an agency of the Government of the United States, appropriately adjusted for changes in the manner in which such index is prepared and/or year upon which such index is based.", "title": "Substitute Index", "id": "substitute-index", "examples": ["The <strong>Substitute Index</strong> shall reflect as closely as possible the actual variance of the Labor Costs or of the material costs used in the calculation of the original Labor Index or Material Index as the case may be.", "The Class Coupon Floor Agreements will require the Trust to make payments to the Coupon Floor Purchaser on an Interest Payment Date if LIBOR, the Commercial Paper Rate or a <strong>Substitute Index</strong>, as applicable, for the related Calculation Period is less than the Class Coupon Floor for the applicable Class or Subclass.", "As a result of the selection of the <strong>Substitute Index</strong>, the Seller shall make an appropriate adjustment to the Seller Price Revision Formula to combine the successive utilization of the original Labor Index or Material Index (as the case may be) and of the <strong>Substitute Index</strong>.", "The <strong>Substitute Index</strong> will reflect as closely as possible the actual variance of the labor costs or of the material costs used in the calculation of the original Labor Index or Material Index, as the case may be.", "As a result of the selection of the <strong>Substitute Index</strong>, the Seller shall make an appropriate adjustment to the Airframe Price Revision Formula to combine the successive utilization of the original Labor Index or Material Index (as the case may be) and of the <strong>Substitute Index</strong>.", "Borrower agrees that Lender shall not be liable in any manner for its selection of a <strong>Substitute Index</strong> Rate, provided that Lender makes such selection in good faith.", "The <strong>Substitute Index</strong> shall reflect as closely as possible the actual variance of the labor costs, of the material costs, or of the metal costs used in the calculation of the original Labor Index, Material Index, or Metal Index as the case may be.", "Accordingly, Lender shall use reasonable efforts to select a <strong>Substitute Index</strong> Rate that Lender in good faith believes is a practical means of preserving the parties\u2019 intent relative to the economics of the Pre-Substitute Rate.", "As a result of the selection of the <strong>Substitute Index</strong>, an appropriate adjustment to the Price Revision Formula shall be performed, to combine the successive utilization of the original Labor Index, Material Index or Metal Index (as the case may be) and of the <strong>Substitute Index</strong>.", "As a result of the selection of the <strong>Substitute Index</strong>, the Seller will make an appropriate adjustment to the Airframe Price Revision Formula to combine the successive utilization of the original Labor Index or Material Index (as the case may be) and of the <strong>Substitute Index</strong>."], "related": [["reference-index", "Reference Index", "Reference Index"], ["sifma-index", "SIFMA Index", "SIFMA Index"], ["leverage-factor", "Leverage Factor", "Leverage Factor"], ["multi-exchange-index", "Multi-Exchange Index", "Multi-Exchange Index"], ["rpix-index", "RPIX Index", "RPIX Index"]], "related_snippets": [], "updated": "2025-07-06T21:58:36+00:00"}, "json": true, "cursor": ""}}