Payment Deductions. (a) MMPDm−1,y = the Monthly Maintenance Payment Deduction (MMPD) for any Month (m-1) in Calendar Year (y) during the Term shall be calculated as follows: MMPDm−1,y = ∑(NCPV × NCPm−1 ) where: (i) NCPV = the unit value of $25 for each Noncompliance Point accrued during Month (m), subject to indexation in accordance with Section 2.2 (Indexation) of this Schedule 8 (Payment Mechanism); and (ii) NCPm-1 = the aggregate number of Noncompliance Points accrued in Month (m- 1) in accordance with Article 11 (Noncompliance Events) and Schedule 7 (Noncompliance Points Table). (b) MRFm-1 = Monthly Royalty Fee for Month (m-1), calculated in accordance with the following formula:
Appears in 2 contracts
Sources: Public Private Transportation Partnership Agreement, Public Private Transportation Partnership Agreement