Adjustment of the Fee increase cap according to traffic Sample Clauses

Adjustment of the Fee increase cap according to traffic. For the purposes of calculating the factor TRAF(n), the quantity of traffic QT(n) is defined as follows:
Sample 1
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Adjustment of the Fee increase cap according to traffic. For the purposes of calculating the factor TRAF(n), the quantity of traffic QT(n) is defined as follows: 𝑄𝑇(𝑛) = 𝑃𝐴𝑋(𝑛 − 1) where: ▪ PAX(n-1) is the number of commercial passengers, excluding those in transit, who board and disembark over the period from 1 September in year "n-2" to 31 August in year "n-1" at the airports of Xxxxx-Xxxxxxx xx Gaulle and Paris-Orly. The projected benchmark scenario used in the present agreement relates to a mean annual growth in traffic of 2.5% p.a., with growth of 2.5% in 2016 and 2017, 2.2% in 2018, 2.3% in 2019 and 2.8% in 2020. It leads to the following values QTref(n) of factor QT: N 2018 2019 2020 QTref(n) 99,063,000 101,262,000 103,618,000 Furthermore, two sequences QTM(n) and QTm(n) are defined, relating respectively to the high and low limits of a buffer zone, within which the factor TRAF(n) is nil. These limits reflect traffic scenarios whose annual growth rates are respectively 0.5 of a point above or below the baseline scenario. N 2018 2019 2020 QTM(n) 100,402,000 103,132,000 106,048,000 QTm(n) 97,736,000 99,418,000 101,233,000 The factor TRAF(n) is then calculated in such a way that, as from 2018 and beyond the said buffer zone, 50% of the surplus or 20% of the shortfall in the projected income from Fees is offset by the adjustment of Fee rates, limited to an impact of between +0.2 and -0.5 of a point on the annual change to the Adjusted Pricing Scale for Fees. The method of calculation for the TRAF(n) factor is given in Appendix 4.
Sample 1

Related to Adjustment of the Fee increase cap according to traffic

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Allocation of Senior Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Senior Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Optional Extended Local Calling Scope Arrangement Traffic (5) special access, private line, Frame Relay, ATM, or any other traffic that is not switched by the terminating Party; (6) Tandem Transit Traffic; (7) Voice Information Service Traffic (as defined in Section 5 of the Additional Services Attachment); or, (8) Virtual Foreign Exchange Traffic (or V/FX Traffic) (as defined in the Interconnection Attachment). For the purposes of this definition, a Verizon local calling area includes a Verizon non-optional Extended Local Calling Scope Arrangement, but does not include a Verizon optional Extended Local Calling Scope Arrangement.

  • Allocation of Subordinate Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • C4 Price adjustment on extension of the Initial Contract Period C4.1 The Contract Price shall apply for the Initial Contract Period. In the event that the Client agrees to extend the Initial Contract Period pursuant to clause F8 (Extension of Initial Contract Period) the Client shall, in the 6 month period prior to the expiry of the Initial Contract Period, enter into good faith negotiations with the Contractor (for a period of not more than 30 Working Days) to agree a variation in the Contract Price.

  • Periodic Increases Periodic increases are provided as follows:

  • Price Increase/Decreases No price increases will be permitted during the first period of the Contract. The County requires documented proof of cost increases on Contracts prior to any price adjustment. A minimum of 30-days advance notice in writing is required to secure such adjustment. No retroactive price adjustments will be considered. All price decreases will automatically be extended to the County of Orange. The County may enforce, negotiate, or cancel escalating price Contracts or take any other action it deems appropriate, as it sees fit. The net dollar amount of profit will remain firm during the period of the Contract. Adjustments increasing the Contractor’s profit will not be allowed.

  • Price Increase/Decrease No price increases will be permitted during the first period of the price agreement. The County requires documented proof of cost increases on Contracts prior to any price adjustment. A minimum of 30-days advance notice in writing is required to secure such adjustment. No retroactive price adjustments will be considered. All price decreases will automatically be extended to the County of Orange. The County may enforce, negotiate, or cancel escalating price Contracts or take any other action it deems appropriate, as it sees fit. The net dollar amount of profit will remain firm during the period of the Contract. Adjustments increasing the Contractor’s profit will not be allowed.

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

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