Substitute Index. If the Index required to be used to determine the Mortgage Interest Rate for a Mortgage Loan is not available on an Interest Adjustment Date, the Servicer, will select an index that is based on comparable information, over which the Servicer has no control and that is readily verifiable.
Substitute Index. If an Index Substitution Event occurs, the Calculation Agent shall as soon as reasonably possible determine the Substitute Index by –
Substitute Index. If on the particular rent adjustment date the CPI does not exist in the format recited above, the parties shall substitute another official index published by the Bureau of Labor Statistics or successor or similar agency as may then be in existence and most nearly equivalent the Index described in this Paragraph 3.04. If the parties are unable to agree on a successor index, the parties shall refer the choice of a successor index to arbitration in accordance with the rules of the American Arbitration Association.
Substitute Index. In the event the CPI stipulated herein is discontinued by the Government then the available Index most nearly the same as the CPI shall be used to make calculations set forth in 4.1.1 above. If Lessor and Lessee are unable to agree on the substitute Index prior to the then rental adjustment date substitute Index shall, on application of either party, be selected by the chief officer of the San Francisco office of the Bureau of Labor Statistics or its successor.
Substitute Index. In the event the CPI ceases to be prepared and published, then the percentage increases provided for hereinabove shall be based on the C:\Data\HOA Agreement_Final.doc increase, over the applicable comparison periods, in the most comparable commodity index then in existence, as reasonably determined by MHC.
