This file is indexed.

/etc/network/if-up.d/ntpdate is in ntpsec-ntpdate 1.1.0+dfsg1-1.

This file is owned by root:root, with mode 0o755.

The actual contents of the file can be viewed below.

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#!/bin/sh

set -e

PATH=/sbin:/bin:/usr/sbin:/usr/bin

# This is a heuristic:  The idea is that if a static interface is brought
# up, that is a major event, and we can put in some extra effort to fix
# the system time.  Feel free to change this, especially if you regularly
# bring up new network interfaces.
if [ "$METHOD" = static ]; then
	OPTS="-b"
fi

if [ "$METHOD" = loopback ] || [ "$METHOD" = none ]; then
	exit 0
fi

# Check whether ntpdate was removed but not purged; it's useless to wait for 
# it in that case.
if [ ! -x /usr/sbin/ntpdate-debian ] && [ -d /usr/sbin ]; then
	exit 0
fi

(

# This is for the case that /usr will be mounted later.
if [ -r /lib/udev/hotplug.functions ]; then
	. /lib/udev/hotplug.functions
	wait_for_file /usr/sbin/ntpdate-debian
fi

if [ -e /usr/sbin/openntpd ]; then
    service='openntpd'
else
    service='ntp'
fi

invoke-rc.d --quiet $service stop >/dev/null 2>&1 || true

# Avoid running more than one at a time
flock -n /run/lock/ntpdate /usr/sbin/ntpdate-debian -s $OPTS 2>/dev/null || :

invoke-rc.d --quiet $service start >/dev/null 2>&1 || true

) &