Common use of ALLOCATION OF STANDING CHARGES Clause in Contracts

ALLOCATION OF STANDING CHARGES. 9.1.1. The Standing Charges, adjusted as appropriate pursuant to Article 9.3.2., shall be shared among the Maintenance Authorities for the Designated Cables in proportion to the Accounting Units allocated to them in Schedule 4. 9.1.2. Notwithstanding the provision of Article 9. 1.1 above the unit cost of the Accounting Units shall in any case not exceed the maximum amount of *** per Accounting Unit per year for the whole duration of this Agreement. 9.1.3. In the event that the Standing Charges are not approved by the Management Committee, the Standing Charges of the previous year shall form the basis of billing until the dispute is resolved. 9.1.4. For the purpose of calculating the Standing Charges applicable to any particular period of time, the estimated or actual Standing Charges shall be divided by 335 to give an appropriate daily rate.