Common use of Variable Charges Clause in Contracts

Variable Charges. i. The base unit rate for the Variable Charge payable by the Authority to the Concessionaire is [Rs. 0.57 (fifty seven paise)] per ▇▇▇▇▇▇▇ per month. This base rate is applicable for the Accounting Year in which COD occurs this is the same year when the COD is achieved. ii. In case of rice storage, initial chilling charge and maintenance chilling charge will be payable by the Authority to the Concessionaire. The base rates for these charges is as follows: a. Initial chilling charges of Rs. 43 (forty three) per ton, payable as per capacity of each rice silo occupied – whether partially or fully; and applicable on the basis of the rice received for storage b. Maintenance chilling charges of Rs. 38 (thirty eight) per ton per year, payable on pro-rata basis for capacity of rice silos occupied – whether partially or fully i. Total Variable Charges payable for a month in the nth Accounting Year in Rupees = (Unit rate of Variable Charge for the nth Accounting Year) X (quantity of Food Grain stored in the Storage Facility) + (Unit rate of initial chilling charges for the nth Accounting Year) x (No of rice Silos occupied (when rice is received at the Project Facility)) + (Unit rate of maintenance chilling charges for the nth Accounting Year) x (No of rice Silos occupied) x (duration for which the rice is stored in the Silo) Where Unit Rate of Variable charge for the nth Accounting Year in Rs per Ton = (Unit Rate of Variable charge in Rs per Ton for (n-1)th Accounting year) X (1+ variation in Price Index between January of base year and January of nth year) Unit Rate of initial chilling charge for the nth Accounting Year in Rs per Ton = (Unit Rate of initial chilling charge in Rs per Ton for (n-1)th Accounting year) X (1+ variation in Price Index between January of base year and January of nth year) Unit Rate of maintenance chilling charge for the nth Accounting Year in Rs per Ton = (Unit Rate of maintenance chilling charge in Rs per Ton for (n-1)th Accounting year) X (1+ variation in Price Index between January of base year and January of nth year)

Variable Charges. i. The base unit rate for the Variable Charge payable by the Authority to the Concessionaire is [Rs. 0.57 (fifty seven paise)] per ▇▇▇▇▇▇▇ per month. This base rate is applicable for the Accounting Year in which COD occurs this is the same year when the COD is achieved. ii. In case of rice storage, initial chilling charge and maintenance chilling charge will be payable by the Authority to the Concessionaire. The base rates for these charges is as follows: a. : Initial chilling charges of Rs. 43 (forty three) per ton, payable as per capacity of each rice silo occupied – whether partially or fully; and applicable on the basis of the rice received for storage b. storage Maintenance chilling charges of Rs. 38 (thirty eight) per ton per year, payable on pro-rata basis for capacity of rice silos occupied – whether partially or fully i. Total Variable Charges payable for a month in the nth Accounting Year in Rupees = (Unit rate of Variable Charge for the nth Accounting Year) X (quantity of Food Grain stored in the Storage Facility) + (Unit rate of initial chilling charges for the nth Accounting Year) x (No of rice Silos occupied (when rice is received at the Project Facility)) + (Unit rate of maintenance chilling charges for the nth Accounting Year) x (No of rice Silos occupied) x (duration for which the rice is stored in the Silo) Where Unit Rate of Variable charge for the nth Accounting Year in Rs per Ton = (Unit Rate of Variable charge in Rs per Ton for (n-1)th Accounting year) X (1+ variation in Price Index between January of base year and January of nth year) Unit Rate of initial chilling charge for the nth Accounting Year in Rs per Ton = (Unit Rate of initial chilling charge in Rs per Ton for (n-1)th Accounting year) X (1+ variation in Price Index between January of base year and January of nth year) Unit Rate of maintenance chilling charge for the nth Accounting Year in Rs per Ton = (Unit Rate of maintenance chilling charge in Rs per Ton for (n-1)th Accounting year) X (1+ variation in Price Index between January of base year and January of nth year)