Calculations for Take or Pay Clause Samples

Calculations for Take or Pay. [Note: The QRC propose that consideration should be given to immediately introducing full ToP (with no system trigger test and no capping) to new access agreements for which a system premium applies, with a reversion to standard ToP terms when the premium ceases to apply] (a) The Reference Tariff also includes a Take or Pay charge. (b) The Take or Pay charge included in the Reference Tariff is calculated in accordance with: (i) where the Access Agreement, or, for a New Access Agreement, the relevant Old Access Agreement, was executed or renewed: (A) on or after 20 December 2001 but prior to 30 June 2006, Clause 3.2, Part A, Schedule F of the 2001 Undertaking; Deleted: provided that where that calculation refers to the System Gtk, or to gtk in circumstances where that gtk relates to Train Services other than solely those under the relevant Access Agreement, then that System Gtk, and that gtk, exclude any gtk attributable to any Train Service that has the ▇▇▇▇▇▇▇ Island Coal Terminal as a destination (subject to this clause 2.4(b)(i)(A), references to System Gtk and gtk in this clause having the meaning given in the 2001 Undertaking) (B) on or after 30 June 2006 but prior to 23 October 2008, Clause 2.2, Part B, Schedule F of the 2005 Undertaking; or (C) on or after 23 October 2008 but prior to 1 October 2010, Clause 2.2, Part B, Schedule F of the 2008 Undertaking; or (ii) where clause 2.4(b)(i) does not apply, clauses 2.4(d) to (n). (c) In relation to Take or Pay charges in the context of an End User Access Agreement, Take or Pay charges will be payable under that End User Access Agreement, including in relation to the non-operation of Train Services under any relevant Train Operations Agreement. Take or Pay charges will not be payable to Aurizon Network by a Train Operator under a Train Operations Agreement relevant to that End User. (d) Subject to clauses 2.4(g) to (n), Take or Pay charges applicable to an Access Holder will be: (i) determined for each Year; (ii) invoiced for each Year following completion of that Year; and (iii) calculated as the amount which is 100% of the amount calculated as: AT  rtp   AT  ntk   AT  nt  3  4  1000  (A) each of AT2, AT3 and AT4 inputs for that Access Holder’s Access Charges at the rate applicable in that Year); and (B) the rtp, nt and ntk (as applicable) are calculated by: (1) the rtp, nt and ntk (as applicable) that would have been achieved for the relevant Year had the full contracted entitlement been r...
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Related to Calculations for Take or Pay

  • Proration of calculations If less than total program funding is subject to interest calculation procedures, the resulting interest liability calculations shall be prorated to 100% of program funding.

  • Rounding of Calculations; Minimum Adjustments All calculations under this Section 13 shall be made to the nearest one-tenth (1/10th) of a cent or to the nearest one- hundredth (1/100th) of a share, as the case may be. Any provision of this Section 13 to the contrary notwithstanding, no adjustment in the Exercise Price or the number of Shares into which this Warrant is exercisable shall be made if the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of a share of Common Stock, but any such amount shall be carried forward and an adjustment with respect thereto shall be made at the time of and together with any subsequent adjustment which, together with such amount and any other amount or amounts so carried forward, shall aggregate $0.01 or 1/10th of a share of Common Stock, or more.

  • Market Adjustments Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Basis for calculation of periodic payments All interest and commitment fee and any other payments under any Finance Document which are of an annual or periodic nature shall accrue from day to day and shall be calculated on the basis of the actual number of days elapsed and a 360 day year.