Index Change definition
Index Change means the Producer Price Index is no longer published or the method of calculating the Producer Price Index is changed so that the Producer Price Index no longer reflects general increases in prices in the broad United States economy.
Index Change is equal to (A / B) - 1, where: A is the Index Price for the Segment End Date; and B is the Index Price for the Segment Start Date. The Index Change will be calculated for Index X, Index Y, and Index Z shown on the Segment Contract Schedule. Each Index Allocation Percentage will then be applied. The Index with the best performing Index Change will be multiplied by the Index Allocation Percentage 1. The Index with the second-best performing Index Change will be multiplied by the Index Allocation Percentage 2. The Index with the third best performing Index Change will be multiplied by the Index Allocation Percentage 3. The resulting “Aggregate Index Change” will equal: (Index Allocation Percentage 1 x Index Change for best performing Index) + (Index Allocation Percentage 2 x Index Change for second best performing Index) + (Index Allocation Percentage 3 x Index Change for third best performing Index). Buffer Multi-Index Strategy Endorsement ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and Life Company Buffer MI II (01/22) Page 4 Buffer MI II (01/22) [If the Aggregate Index Change is greater than or equal to zero, then the “Segment Credit Percentage” on the Segment End Date will be equal to the lesser of (1) or (2), where: (1) = Greater of zero and B x [A – (D x E)]; (2) = Greater of zero and B x [C – (D x E)]; and where A is the Aggregate Index Change; B is the Participation Rate; C is the Cap Rate; D is the Annual Spread; and E is the number of years in the Segment Term Period.] [If the Aggregate Index Change is greater than or equal to zero, then the “Segment Credit Percentage” on the Segment End Date will be equal to the lesser of (1) or (2), where: (1) = Greater of zero and B x A; (2) = Greater of zero and B x C; and where A is the Aggregate Index Change; B is the Participation Rate; and C is the Cap Rate.] If the Aggregate Index Change is less than zero, then the “Segment Credit Percentage” on the Segment End Date will be equal to the lesser of zero and (A + B), where: A is the Aggregate Index Change; and B is the Buffer Rate. The amount of Segment Credits added to this Buffer Multi-Index Segment Option is equal to A x B, where: A is the Segment Value as of the previous day; and B is the Segment Credit Percentage. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Secretary /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Index Change is equal to (A / B) - 1, where: A is the Index Price for the Segment End Date; and B is the Index Price for the Segment Start Date. [If the Index Change is greater than or equal to zero, then the “Segment Credit Percentage” on the Segment End Date will be equal to the lesser of (1) or (2), where: (1) = Greater of zero and B x [A – (D x E)]; (2) = Greater of zero and B x [C – (D x E)]; and where A is the Index Change; B is the Participation Rate; C is the Cap Rate; D is the Annual Spread; and E is the number of years in the Segment Term Period.] [If the Index Change is greater than or equal to zero, then the “Segment Credit Percentage” on the Segment End Date will be equal to the lesser of (1) or (2), where: (1) = Greater of zero and B x A; (2) = Greater of zero and B x C; and where A is the Index Change; B is the Participation Rate; and C is the Cap Rate.]
Examples of Index Change in a sentence
In the event of an Index Change, the Company and the Operator shall negotiate in good faith to agree on a new index that gives comparable protection against inflation that the Producer Price Index gave as of the date hereof, and, for all periods following the date of such Index Change, such new index shall replace the Producer Price Index for all purposes herein.
If the Company and the Operator are unable to agree, a new index will be determined by arbitration in accordance with Article 26 and, for all periods following the date of such Index Change, such new index shall replace the Producer Price Index for all purposes herein.
Point-to-Point Cap Index Strategy is the Strategy that credits interest to the applicable Premium or Reallocation of Accumulation Value based on the Index Change, as defined in Section 5.3, of the Index over the Indexing Period.
The Parties agree that the addition, deletion or change in relative weighting of commodities in the basket of commodities measured by CPI from time to time by Statistics Canada (or any successor thereto) shall not constitute an Index Change Event.
The Index Credit will equal the lesser of the Index Cap or the Index Change.
More Definitions of Index Change
Index Change is equal to (A / B) - 1, where: A is the Index Price for the Segment End Date; and B is the Index Price for the Segment Start Date.
Index Change is equal to (A / B) - 1, where: A is the Index Price for the Segment End Date; and B is the Index Price for the Segment Start Date. The “Segment Credit Percentage” is the percentage multiplied by the Segment Value to determine the Segment Credit. If the Index Change is positive, zero, or negative but fully offset by the Buffer Rate, then the Segment Credit Percentage on the Segment End Date will be equal to the Trigger Rate. If the Index Change is negative and not fully offset by the Buffer Rate, then the Segment Credit Percentage on the Segment End Date will be equal to (A + B), where: A is the Index Change; and B is the Buffer Rate. The amount of Segment Credits added to this Dual Trigger Segment Option is equal to A x B, where: A is the Segment Value as of the previous day; and B is the Segment Credit Percentage. Dual Trigger Buffer Strategy Endorsement Athene Annuity & Life Assurance Company of New York Dual Trigger II (05/25) NF Page 3 Dual Trigger II (05/25) NF NY Equity Adjustment Equity Adjustment The Equity Adjustment is a positive or negative adjustment that approximates the change in the market value of the derivative instruments purchased in support of the contract. It is used in the calculation of the Segment Interim Value. Equity Adjustment Factor The Equity Adjustment Factor for Dual Trigger Segment Options is equal to A - B x (1 - Y), where: A is the value of certain derivative instruments on the day we calculate the Segment Interim Value for the applicable Segment Option; B is the value of certain derivative instruments on the Segment Start Date for the applicable Segment Option; and Y is the number of days elapsed from the Segment Start Date to the day we calculate the Segment Interim Value, divided by the number of days in the Segment Term Period. On each Business Day, we calculate the value of the derivative instruments for each Dual Trigger Segment Option based on the estimated market value of a set of put and call options as determined by an option pricing formula. Our method of estimating the current value of the derivative instruments is on file with the New York Department of Financial Services. You may obtain the Equity Adjustment Factor by contacting us at the Administrative Office phone number noted on the cover page of your contract. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Secretary /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Index Change means, for the 2016 calendar year and each calendar year thereafter, the percentage change in the Index for the annual period ending on June 30 of the prior calendar year.
Index Change is equal to (A / B) - 1, where: A is the Index Price for the Segment End Date; and B is the Index Price for the Segment Start Date. The “Segment Credit Percentage” is the percentage multiplied by the Segment Value to determine the Segment Credit. If the Index Change is greater than or equal to zero, then the Segment Credit Percentage on the Segment End Date will be equal to the lesser of (1) and (2), where: (1) = Greater of zero and A x B; and (2) = Greater of zero and B x C; where A is the Index Change; B is the Participation Rate; and C is the Cap Rate. If the Index Change is less than zero, then the Segment Credit Percentage on the Segment End Date will be equal to the lesser of zero and (A + B), where: A is the Index Change; and B is the Buffer Rate. The amount of Segment Credits added to this Buffer Segment Option is equal to A x B, where: A is the Segment Value as of the previous day; and B is the Segment Credit Percentage. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Secretary /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Index Change means the percentage change in the level of the MSM 30 Index from the close of business on the date of the Fund Management Agreement to the level of the MSM 30 Index on the close of business on the first anniversary of the Fund Management Agreement; and
Index Change is equal to (A / B) - 1, where: A is the Index Price for the Segment End Date; and B is the Index Price for the Segment Start Date. The “Segment Credit Percentage” is the percentage multiplied by the Segment Value to determine the Segment Credit. If the Index Change is greater than or equal to zero, then the Segment Credit Percentage on the Segment End Date will be equal to the Trigger Rate. If the Index Change is less than zero, then the Segment Credit Percentage on the Segment End Date will be equal to the lesser of zero and (A + B), where: A is the Index Change; and B is the Buffer Rate. The amount of Segment Credits added to this Trigger Segment Option is equal to A x B, where: A is the Segment Value as of the previous day; and B is the Segment Credit Percentage.
Index Change. The term “Index Change” shall mean the “all items” portions of the United States Department of Labor Bureau of Labor Statistics Consumer Price Index for urban wage earners and clerical workers (1982-84 = 100) for the city or region closest to the Demised Premises for which an index is prepared for the shortest period for which an index is published which includes the date on which this Lease is signed, divided into the said index for the shortest period for which an index is published which includes the date on which the relevant Renewal Term commences. If the index is no longer published, the index of consumer prices in such city or region most closely comparable to said index, after making such adjustments as may be prescribed by the agency publishing same or as otherwise may be required to compensate for changes subsequent to the Commencement Date, in items included or method of compilation or computation thereof, shall be substituted therefor.