Glide Path Sample Clauses

Glide Path. Any reductions in Non-Capital Costs that are achieved within an Access Arrangement Period by the Tubridgi Parties will be carried through to the subsequent Access Arrangement Period and reflected in the Total Revenue requirement through the application of a glide path that shares the reductions with Pipeline Users over the whole of the subsequent Access Arrangement Period. The application of this Incentive Mechanism is subject to the Tubridgi Parties continuing to manage and operate the Tubridgi Pipeline System in accordance with accepted industry practice. This element of the Reference Tariff Policy is a Fixed Principle.