Common use of PVR Calculation Clause in Contracts

PVR Calculation. (a) The Concessionaire shall calculate the PVR at the end of each calendar month during the Term using the following equation: PVRm is the value of the PVR at the conclusion of calendar month m; The calendar month m which includes the Service Commencement Date is MGRi is the Monthly Gross Revenue earned in month “i” of the Term, as expressed in nominal U.S. dollars; The calendar month i which includes the Agreement Date is i =1; The calendar month n which includes the Agreement Date is n =1. (b) The PVR Discount Rate rn shall equal the Initial PVR Discount Rate, unless otherwise determined in accordance with Section 7.02 or Section 7.07, in which case the updated rate shall apply retroactively for the entire Term.

PVR Calculation. (a) The Concessionaire shall calculate the PVR at the end of each calendar month during the Term using the following equation: PVRm is the cumulative value of the PVR at the conclusion of calendar month m; The calendar month m which includes the Service Commencement Date is MGRi is the Monthly Gross Revenue earned in month “i” of the Term, as expressed in nominal U.S. dollars; The calendar month i which includes the Agreement Date is i =1; The calendar month n which includes the Agreement Date is n =1. (b) The PVR Discount Rate rn shall equal the Initial PVR Discount Rate, unless otherwise determined in accordance with Section 7.02 or Section 7.07, in which case the updated rate shall apply retroactively for the entire Term.