GNP Implicit Price Deflator definition
GNP Implicit Price Deflator means the Gross National Product Implicit Price Deflator as published from time to time in the United States Department of Commerce Bureau of Economic Analysis publication entitled “Survey of Current Business”; provided, however, that if such Gross National Product Implicit Price Deflator as published from time to time is unavailable, the GNP Implicit Price Deflator shall mean an index, reasonably selected by the Agent and approved by the Partnership, which approval shall not be unreasonably withheld or delayed, in substance similar thereto.”
5. A new SECTION 1.64 is hereby added to the Agreement to read as follows:
GNP Implicit Price Deflator means the "implicit price deflator, GNP" as published by the U.S. Bureau of Economic Analysis or any replacement index agreed upon by Licensee and Licensor if the "implicit price deflator, GNP" is no longer published.
Examples of GNP Implicit Price Deflator in a sentence
The Fixed Annual Fee shall be increased or decreased each January 1st following the Term Loan Date in accordance with the increase or the decrease in the GNP Implicit Price Deflator for the prior calendar year.