Adjusted Highest Compliant Tender Price means the Highest Compliant Tender Price less the aggregate of:
Adjusted Highest Compliant Tender Price means the price offered by the Compliant Tenderer (if any) with the highest tender price, and if no Compliant Tenders are received zero, adjusted as follows: where in respect of any month or part of a month from the Termination Date to the Compensation Date the Post Termination Service Amount is a negative number, the aggregate of all such negative Post Termination Service Amounts shall be set against and shall reduce such highest tender price (whether or not such amounts have been set-off by the Authority pursuant to paragraph 3.8 of Section 2 (Compensation for Sub-hubco Default) of this Schedule Part 17 (Compensation on Termination)); and the aggregate of the following amounts shall be deducted from such highest tender price: the Post Termination Service Amounts actually paid by the Authority to Sub-hubco prior to the Compensation Date; the Tender Costs; and amounts that the Authority is entitled to set off or deduct and the aggregate of the following amounts shall be added to such highest tender price: all credit balances on any bank accounts held by or on behalf of Sub-hubco on the date that the highest priced Compliant Tender is received; and any insurance proceeds and other amounts owing to Sub-hubco (and which Sub-hubco is entitled to retain), to the extent not included in (e); to the extent that: (e) and (f) have not been directly taken into account in that Compliant Tender; and the Authority has received such amounts in accordance with this Agreement;
Adjusted Highest Compliant Tender Price the Highest Compliant Tender Price less the aggregate of:- (a) any Post Termination Service Amounts paid to the Contractor to date; (b) the Tender Costs; and (c) amounts that the Authority is entitled to set off or deduct under clause 26.13 (Rights of Set Off); plus an amount equal to the aggregate of:- (i) all credit balances on any bank accounts held by or on behalf of the Contractor on the date that the highest priced Compliant Tender is received; and (ii) any insurance proceeds and other amounts owing to the Contractor (and which the Contractor under this Agreement is entitled to retain) to the extent not included in (i) above; and (iii) the Post Termination Service Amounts (if a negative number) to the extent that:- (A) (i), (ii) and (iii) have not been directly taken into account in that Compliant Tender; and (B) the Authority has received such amounts in accordance with this Agreement;
Examples of Adjusted Highest Compliant Tender Price in a sentence
If any such Post Termination Service Amount has not been set off on or before the Compensation Date then it shall be taken into account in the calculation of the Adjusted Highest Compliant Tender Price.
The Authority shall not be bound to consider or act upon such representations but acknowledges that such representations may be referred to by the Contractor in the event that the Contractor refers a dispute relating to the Adjusted Highest Compliant Tender Price to dispute resolution in accordance with the Dispute Resolution Procedure.
If the Contractor refers a dispute relating to the Adjusted Highest Compliant Tender Price to the Dispute Resolution Procedure, the Authority shall be entitled to enter into a New Contract.
The Tender Process Monitor will not disclose any confidential information to the Contractor or any other person (and shall provide an undertaking to the Authority to such effect as a condition of its appointment) but shall be entitled to advise the Contractor as to whether it considers that the Authority has acted in accordance with the Tender Process, and correctly determined the Adjusted Highest Compliant Tender Price.
The Adjusted Highest Compliant Tender Price shall be paid in accordance with Section 5 (General) of this Schedule Part 17 (Compensation on Termination).
More Definitions of Adjusted Highest Compliant Tender Price
Adjusted Highest Compliant Tender Price means the Highest Compliant Tender Price less the aggregate of: any Post Termination Service Amounts paid to PPP Co. to date; the Tender Costs; and amounts that the Authority is entitled to set off or deduct under Clause 24.9 (Set-off) plus an amount equal to the aggregate of: all credit balances on any bank accounts held by or on behalf of PPP Co. on the date that the highest priced Compliant Tender is received; any insurance proceeds and other amounts owing to PPP Co., to the extent not included in (i); and the Post Termination Service Amounts (if a negative number) to the extent that: (i) and (ii) and (iii) have not been directly taken into account in that the Complaint Tender; and the Authority has received such amounts in accordance with the Project Agreement
Adjusted Highest Compliant Tender Price the Highest Compliant Tender Price less the aggregate of: (a) any Post Termination Service Amounts paid to the Contractor to date; (b) the Tender Costs; and (c) amounts that the Councils are entitled to set off or deduct under clause 71 (Set off), plus an amount equal to the aggregate of: (i) all credit balances on any bank accounts held by or on behalf of the Contractor on the date that the highest priced Compliant Tender is received; (ii) any insurance proceeds and other amounts owing to the Contractor, to the extent not included in (i) above; and (iii) the Post Termination Service Amounts (if a negative number), to the extent that: 1. (i), (ii) and (iii) have not been directly taken into account in that Compliant Tender; and 2. the Councils have received such amounts in accordance with this Contract;
Adjusted Highest Compliant Tender Price means the price offered by the Compliant Tenderer (if any) with the highest tender price, and if no Compliant Tenders are received zero, adjusted as follows:
Adjusted Highest Compliant Tender Price means the Highest Compliant Tender Price less (without any double-counting) the aggregate of:
Adjusted Highest Compliant Tender Price means the Highest Compliant Tender Price less, to the extent it is a positive amount, the aggregate of: any Post Termination Service Amounts paid to the Private Party prior to the Compensation Date; the Tender Costs subject to a maximum of R8,000,000,00 (eight million Rand); and amounts that the CoT is entitled to set-off or deduct under paragraph 5.2 of Schedule 13 [Performance Standards and Payment Mechanism] plus the aggregate of: all credit balances on any bank accounts held by or on behalf of the Private Party on the date that the highest-priced Tender is received; any insurance proceeds and other amounts owing to the Private Party (and which the Private Party is entitled to retain), to the extent not included in (i); and the Post Termination Service Amounts (if a negative number), to the extent that: (aa) (i), (ii) and (iii) have not been directly taken into account in that Tender; and (bb) the CoT is entitled to such amounts in accordance with the Agreement.
Adjusted Highest Compliant Tender Price as defined in Clause 43 (Definitions);
Adjusted Highest Compliant Tender Price the Highest Compliant Tender Price less (without any double-counting) the aggregate of: