Adjustment Statements Sample Clauses

Adjustment Statements. If Condition B3.3 (adjustment to prior results) applies in respect of all or part of a Period, then the CVL IM shall promptly issue to the Train Operator a statement showing the necessary adjustments (if any) to statements already issued and Performance Sums already paid in respect of the Period, and any such adjusting statement shall be treated as if it were a statement under paragraph 11.1 and, subject to paragraph 12.2, an adjusting payment shall be payable within 28 days of the CVL IM's statement. Except to the extent that it has, within two Working Days of receipt, notified the CVL IM in accordance with paragraph 15 that it disputes the contents of a statement under paragraphs 6.1 or 6.2, the Train Operator shall be deemed to have agreed the contents of that statement. Any notification of a dispute shall specify the reasons for that dispute. The parties shall attempt to resolve disputes notified in accordance with paragraph 6.4(a) as follows: within the next two clear Working Days after notification of any dispute, nominated representatives of the parties shall attempt to resolve that dispute; and if agreement has not been reached after two clear Working Days, representatives authorised by a more senior level of management of the parties shall use all reasonable endeavours to negotiate a resolution of the dispute. Negotiations under paragraph 6.4(b)(ii) shall continue, if necessary, until a date no earlier than five clear Working Days after the end of the Period in which the event giving rise to the dispute referred to in paragraph 6.4(a) occurred.

Adjustment Statements. If Condition B3.3 of the CCOS Network Code (Adjustment to prior results) applies in respect of all of part of a Period, then: RfL(I) shall promptly issue to the Train Operator a statement showing the necessary adjustments (if any) to statements already issued and Performance Sums already paid in respect of the Period; any such adjusting statement shall be treated as if it were a statement under paragraph 12.1; and subject to paragraph 13.2, an adjusting payment shall be payable within 28 days of RfL(I)'s statement. Except to the extent that it has, within two Working Days of receipt, notified RfL(I) in accordance with paragraph 15 that it disputes the contents of a statement under paragraphs 7.1, 7.2 or 7.3, the Train Operator shall be deemed to have agreed the contents of that statement. Any notification of a dispute shall specify the reasons for that dispute. The parties shall attempt to resolve disputes notified in accordance with paragraph 7.4.1 as follows: within the next two clear Working Days after notification of any dispute, nominated representatives of the parties shall attempt to resolve that dispute; and if agreement has not been reached after two clear Working Days, representatives authorised by a more senior level of management shall use all reasonable endeavours to negotiate a resolution of the dispute. Negotiations under paragraph 7.4.2(b) shall continue, if necessary, until a date no earlier than five clear Working Days after the end of the Period in which the event giving rise to the dispute referred to in paragraph 7.4.1 occurred. Allocation of Seconds Late to RfL(I) In respect of each Monitoring Point, the Seconds Late at that Monitoring Point on a Day allocated to RfL(I) (the "SLRfL") shall be calculated according to the following formulae: if MPSD is greater than zero: if MPSD is equal to zero: where: MPSL is the aggregate Seconds Late at that Monitoring Point on that Day for all Services in that Service Group, calculated in accordance with paragraph 3; MPSD is the aggregate Monitoring Point Seconds Delay at that Monitoring Point on that Day in respect of that Service Group, calculated in accordance with paragraph 6.5; MPSDRfL is that part of such MPSD which is allocated to RfL(I) in accordance with paragraph 6.6; and DSDRfL is the aggregate Deemed Seconds Delay at that Monitoring Point which is allocated to RfL(I) in accordance with paragraph 6.8. Allocation of Seconds Late to the Train Operator In respect of each Monitoring Point, t...

Adjustment Statements. (a) If, for any Calculation Date following the first day of commercial production, the result of the calculation of NPV Project Cash Flow Test is negative, then Contractor will submit to CNPA an Adjustment Statement for the Calendar Year following that Calculation Date. (b) Subject to paragraph (c), the Adjustment Statement will set out the adjustment to CNPA’s percentage entitlement to Net Gas proposed for the Calendar Year following the Calculation Date required to bring the NPV Project Cash Flow Test for the following Calculation Date to zero. (c) Where Real Revenue and Real Costs include either revenue and costs generated or incurred, or forecast to be generated or incurred, in respect of Petroleum Production from a project other than a Natural Gas development for supply of Natural Gas produced by Contractor into Cambodia’s domestic market, and by virtue of Real Revenue and Real Costs attributed to such Petroleum Production the result of the NPV Project Cash Flow Test in respect of a Calculation Date is the same as or lower than the NPV Project Cash Flow Test would be excluding such revenue and costs, the following shall occur: (i) the NPV Project Cash Flow Test in respect of a Calculation Date shall be recalculated excluding Real Revenue and Real Costs in respect of Petroleum Production from a project other than a Natural Gas development for supply of Natural Gas produced by Contractor into Cambodia’s domestic market; (ii) the NPV Project Cash Flow Test in respect of Calculation Date shall be recalculated using only Real Revenue and Real Costs in respect of Petroleum Production from project(s) for supply of Natural Gas produced by Contractor into Cambodia’s domestic market; (iii) an Adjustment Statement will be submitted to CNPA setting out: (A) the amount of additional Real Revenue that would be required to bring the NPV Project Cash Flow Test to zero at the Calculation Date when calculated in accordance with Article 12.3(c)(i) and (ii) (Additional Revenue); and (B) the adjustment, as set out in paragraph (iv), to CNPA’s percentage entitlement to Net Gas for the Calendar Year following the Calculation Date required to deliver Contractor the Additional Revenue (Percentage Adjustment). For the purpose of determining the Percentage Adjustment, all additional Real Revenue that would accrue to Contractor from the adjustment to CNPA’s percentage entitlement to Net Gas as set out in the Adjustment Statement shall be deemed to be Real Revenue in respect of P...

Adjustment Statements. ‌ If Condition B3.3 of the CCOS Network Code (Adjustment to prior results) applies in respect of all of part of a Period, then: 7.3.1 RfL(I) shall promptly issue to the Train Operator a statement showing the necessary adjustments (if any) to statements already issued and Performance Sums already paid in respect of the Period; 7.3.2 any such adjusting statement shall be treated as if it were a statement under paragraph 12.1; and 7.3.3 subject to paragraph 13.2, an adjusting payment shall be payable within 28 days of RfL(I)'s statement.

Adjustment Statements. Each of the Adjustment Statements was true, accurate and not misleading as at the Operative Date, the Second Court Date and the Effective Date and is true, accurate and not misleading on the Implementation Date. Each of the Adjustment Statements will remain in full force and effect after the Implementation Date.

Adjustment Statements