Substitute Index Clause Samples

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 increase, over the applicable comparison periods, in the most comparable commodity index then in existence, as reasonably determined by MHC.

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. If an Index Substitution Event occurs, the Calculation Agent shall as soon as reasonably possible determine the Substitute Index by – 6.2.1 nominating as the Substitute Index an index (calculated by any person) that sufficiently closely approximates the Index or what would have been the Index had it continued to exist; 6.2.2 if the JSE publishes another index that it intimates to be a replacement or substitute for the Index, nominating that index as the Substitute Index; or 6.2.3 itself calculating the Substitute Index in a manner that sufficiently closely approximates the Index or what would have been the Index had it continued to exist.

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.