Common use of Indexation Clause in Contracts

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅𝑑 = π‘…π‘‘βˆ’1 ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’1βˆ’πΆπ‘ƒπΌπ‘‘βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 9 contracts

Samples: www.orr.gov.uk, www.orr.gov.uk, www.orr.gov.uk

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Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅�� = π‘…οΏ½βˆ’1 οΏ½βˆ’1 ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’( βˆ’1βˆ’βˆ’21βˆ’οΏ½οΏ½π‘ƒπΌπ‘‘βˆ’2 βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 3 contracts

Samples: www.orr.gov.uk, www.orr.gov.uk, www.orr.gov.uk

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅𝑑 = π‘…οΏ½οΏ½βˆ’β€’ 1 ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’1πΆπ‘ƒπΌπ‘‘βˆ’1 βˆ’ 𝐢{π‘‡π‘‘βˆ’2) βˆ’πΆπ‘ƒπΌπ‘‘βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 2 contracts

Samples: www.orr.gov.uk, www.orr.gov.uk

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅�� = π‘…π‘‘βˆ’βˆ’1 β€’ 1 ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’1βˆ’1 βˆ’ {βˆ’2βˆ’οΏ½οΏ½π‘ƒπΌπ‘‘) βˆ’2 βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 2 contracts

Samples: tfwrail.wales, www.orr.gov.uk

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅�� = π‘…οΏ½βˆ’1 οΏ½βˆ’1 ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’βˆ’1βˆ’βˆ’21βˆ’οΏ½οΏ½π‘ƒπΌπ‘‘βˆ’2 βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 2 contracts

Samples: www.orr.gov.uk, www.orr.gov.uk

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅�� = π‘…οΏ½οΏ½βˆ’1οΏ½ ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’1βˆ’1βˆ’βˆ’2βˆ’οΏ½οΏ½π‘ƒπΌπ‘‘βˆ’1 οΏ½ βˆ’2 βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 2 contracts

Samples: www.orr.gov.uk, www.orr.gov.uk

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅�� = π‘…οΏ½οΏ½βˆ’1 ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’1( βˆ’1βˆ’βˆ’2βˆ’οΏ½οΏ½π‘ƒπΌπ‘‘βˆ’1 βˆ’2 βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 1 contract

Samples: www.orr.gov.uk

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅�� = π‘…π‘‘βˆ’1βˆ’1 β€’ οΏ½ ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’1βˆ’1 βˆ’ {βˆ’2βˆ’οΏ½οΏ½π‘ƒπΌπ‘‘οΏ½ βˆ’2 βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 1 contract

Samples: www.orr.gov.uk

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅�� = π‘…π‘‘βˆ’βˆ’1 β€’ 1 ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’βˆ’1 βˆ’ {βˆ’21βˆ’οΏ½οΏ½π‘ƒπΌπ‘‘βˆ’2 βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 1 contract

Samples: tfwrail.wales

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Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅�� = π‘…οΏ½βˆ’1 οΏ½βˆ’1οΏ½ ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’1βˆ’1βˆ’βˆ’2βˆ’οΏ½οΏ½π‘ƒπΌπ‘‘οΏ½ βˆ’2 βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 1 contract

Samples: www.orr.gov.uk

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅�� = π‘…π‘‘βˆ’1βˆ’1 β€’ οΏ½ ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’βˆ’1βˆ’βˆ’21βˆ’πΆπ‘ƒπΌπ‘‘οΏ½ βˆ’2 βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 1 contract

Samples: www.orr.gov.uk

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅𝑑 = π‘…οΏ½οΏ½βˆ’β€’ 1 ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’πΆπ‘ƒπΌπ‘‘βˆ’1 βˆ’ 𝐢{π‘‡π‘‘βˆ’21βˆ’πΆπ‘ƒπΌπ‘‘βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 1 contract

Samples: trc.cymru

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅𝑑 = π‘…οΏ½οΏ½βˆ’β€’ 1 ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’1βˆ’πΆπ‘ƒπΌπ‘‘βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Rel(πΆπ‘ƒπΌπ‘‘βˆ’1 βˆ’ 𝐢{π‘‡π‘‘βˆ’2) ) πΆπ‘ƒπΌπ‘‘βˆ’2 evant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

Appears in 1 contract

Samples: www.orr.gov.uk

Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅𝑑 = π‘…π‘‘βˆ’1 ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’1βˆ’οΏ½πΆπ‘ƒπΌπ‘‘βˆ’1βˆ’πΆπ‘ƒπΌπ‘‘βˆ’2))β€Œ οΏ½π‘ƒπΌπ‘‘βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Rt;β€Œ elevant Year t; Rt-1 is the relevant value in the Relt-1;β€Œ evant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevanandβ€Œ t Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Ret-2.β€Œlevant Year t-2.

Appears in 1 contract

Samples: www.orr.gov.uk

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