Ceiling for changes in Fee rates Sample Clauses

Ceiling for changes in Fee rates. III.2.3.1 Pricing principles and equations A - Principles: Changes in Fee rates from one pricing period to another are capped by a "base ceiling rate". These changes are adjusted, if appropriate, by factors linked to observed passenger traffic or to the respect for commitments made by Aéroports de Paris in terms of quality of service, investments and cost control. The factor linked to traffic may apply as a bonus or penalty should the annual level of the said traffic move outside a predefined buffer zone. The said adjustment may apply as from the 2018 pricing period. The said ceiling adjustment may apply from time to time in the form of a bonus or penalty to reflect the performance of Aéroports de Paris in terms of quality of service. This adjustment may apply as from the 2017 pricing period. An adjustment to the said ceiling shall also apply, in accordance with the schedule for high-stake investment operations. This adjustment may apply as from the 2017 pricing period. Furthermore, another ceiling adjustment may apply over the 2020 pricing period in the event of a reduction in the amount of accumulated expenditures from 2016 to 2018, compared with initial forecasts, with respect to the budgets for current investments, quality of service and sustainable development. Lastly, for the 2020 pricing period, a ceiling adjustment may apply in the event of an overrun of the amount of current expenditures for 2018 compared with initial forecasts, penalising failure to respect the OPEX trajectory set by Aéroports de Paris.
Sample 1
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Related to Ceiling for changes in Fee rates

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