Gross Domestic Product Implicit Price Deflator definition

Gross Domestic Product Implicit Price Deflator means the “Gross Domestic Product Implicit Price Deflator” as published from time to time in the Survey of Current Business by the Bureau of Economic Analysis of the United States Department of Commerce, or any successor thereto. It is a weighted average of the detailed price indices used in the deflation of the United States Gross Domestic Product. In each period, it uses as weights the composition of constant dollar output in that period. Changes in the implicit price deflator reflect both changes in prices and changes in the composition of output.

Gross Domestic Product Implicit Price Deflator means the “Gross Domestic Product Implicit Price Deflator” as published from time to time in the Survey of Current Business by the Bureau of Economic Analysis of the United States Department of Commerce, or any successor thereto. It is a weighted average of the detailed price indices used in the deflation of the United States Gross Domestic Product. In each period, it uses as weights the composition of constant dollar output inthat period. Changes in the implicit price deflator reflect both changes in prices and changes in the composition of output.

Gross Domestic Product Implicit Price Deflator means the index number specified from time to time in Table 7.13, line 1 entitled the Gross Domestic Product, of the National Income and Products Accounts Selected NIPA Tables of the Survey of Current Business issued by the U.S. Department of Commerce Economic and Statistic Administration Bureau of Economic Analysis, or if such index number ceases to be available or published, the Administrative Agent and the Borrower shall mutually agree upon an alternative index.

Examples of Gross Domestic Product Implicit Price Deflator in a sentence

• For any Calendar Year Quarter after the fourth Calendar Year Quarter of 1998, the ratio of the published value for that quarter of the Gross Domestic Product Implicit Price Deflator published quarterly by the Bureau of Economic Analysis of the United States Department of Commerce in the Survey of Current Business, divided by the value of the Gross Domestic Product Implicit Price Deflator for the fourth Calendar Year Quarter of 1998.

• If either the Producer Price Index for Materials and Components for Construction or the Gross Domestic Product Implicit Price Deflator are no longer used, the Program Manager and the Steering Committee will determine a substitute measure for the affected measure.

• The GDPIP Inflation Index for each Fiscal Year of the LCR MSCP is the ratio determined by dividing the final value of the Gross Domestic Product Implicit Price Deflator published by the Bureau of Economic Analysis of the United States Department of Commerce in the Survey of Current Business for September 30 of the year that is two years prior to the Fiscal Year for which the adjustment is being calculated, by 104.243, which is the final published value of the GDPIP Inflation Index for September 30, 2002.

• When not otherwise provided for herein, the fixed dollar amounts contained in this Agreement may be adjusted each year pursuant to the Master Indenture or otherwise in proportion to the changes in the Gross Domestic Product Implicit Price Deflator index published by the U.S. Department of Labor, Bureau of Labor Statistics, using as a base the latest published index available as of January 1st for the current year in which such adjustments may be made.

• For any subsequent term, the escalation fee will be based on the U.S. Gross Domestic Product Implicit Price Deflator using the index from the penultimate year of the subsequent term.

• Unless otherwise indicated, costs specified in this Settlement Agreement shall be escalated (starting in December 2005) based upon a Composite Index defined as the arithmetic average of the Producer Price Index for the Materials and Components for Construction (Producer Price Index) published by the U.S. Department of Labor Bureau of Labor Statistics and the Gross Domestic Product Implicit Price Deflator published by the U.S. Department of Commerce Bureau of Economic Analysis.

• The amount of the Minimum Payment or the Production Payment defined below (if applicable) shall be adjusted annually by the increase or decrease in the Gross Domestic Product Implicit Price Deflator Index for all goods and services, published in the Survey of Current Business by the United States Department of Commerce, Bureau of Economic Analysis ("Index"), but not more than five percent (5%) per year.

• In the event that Utility elects to extend the Agreement for one or more Rollover Terms, the Reservation Charge applicable to each Rollover Term shall be escalated based on the U.S. Gross Domestic Product Implicit Price Deflator, using 2019 as the base.

• This price shall be increased or decreased, as appropriate on each April 1st thereafter, as follows: 0.636 cents/kWh shall be multiplied by a fraction, the numerator of which is the Gross Domestic Product Implicit Price Deflator Index (the "GDPIPD") for the previous Year (as specified by the US Department of Commerce, or such other organization as the Parties may mutually agree), and the denominator of which is the GDPIPD for Year 2016.

• The computation will use the latest version of data available as of January 31 for the annual average values of the Producer Price Index and the Gross Domestic Product Implicit Price Deflator ending December 31 of the prior year.

More Definitions of Gross Domestic Product Implicit Price Deflator

Gross Domestic Product Implicit Price Deflator. The value shown in the United States Department of Commerce, Bureau of Economic Analysis’ publication entitled “Survey of Current Business” for the percentage change in prices over each quarter of the calendar year associated with the Gross Domestic Product for the immediately preceding quarter, or, a successor publication or index.