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Price Index

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Clause TypeDefinitions

Definition

The price index that the parties have agreed to use for the purposes of calculating increases in prices under the agreement.

Example

"Index" means the "Consumer Price Index for all Urban Consumers (CPI-U)" (not seasonally adjusted) as published by the U.S. Department of Labor, Bureau of Labor Statistics; provided, however, that if the Index is changed so that the base year of the Index changes, the Index shall be converted in accordance with the conversion factor published by the U.S. Department of Labor, Bureau of Labor Statistics; provided further that if the Index is discontinued or revised during the Term, such other index or computation with which it is replaced shall be used in order to obtain substantially the same result as would be obtained if the Index had not been discontinued or revised.