Annual Iteration Process definition

Annual Iteration Process has the meaning given to that term in the charge restriction conditions in the Distribution Licences. Annual Review Pack or ARP has the meaning given to that term in Paragraph 1.1 of Schedule 20. Applicant has the meaning given to that term in Clause 4.1.
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Examples of Annual Iteration Process in a sentence

  • This gives rise to a requirement for licence conditions and methodologies to govern the determination of revised PCFM Variable Values and the Annual Iteration Process.

  • This handbook describes the ED1 Price Control Financial Model (PCFM) and the Annual Iteration Process for it, by which annual adjustments to the licensee’s base revenues will be calculated.

  • It also contains the ED1 Price Control Financial Methodologies (‘the methodologies’), specified in relevant Charge Restriction Conditions, which will be used to determine appropriate revisions to the variable values contained in the PCFM to facilitate calculations under the Annual Iteration Process.

  • During the Annual Iteration Process, appropriate automatic adjustments are also made as a consequence of revisions to PCFM Variable Values.

  • In ad- dition, each school board must develop an educa- tion program for students to foster an attitude of understanding and acceptance of individuals from a variety of cultural, ethnic, racial, and re- ligious backgrounds.Over the past few years, some steps have been taken toward developing the kinds of pro- grams called for by Policy 2421.

  • Once the value of MOD has been directed for a particular Regulatory Year, it is not changed retroactively as a result of a subsequent Annual Iteration Process – the value becomes a matter of record alongside the Opening Base Revenue Allowance value for the same year.

  • These reports may include: Chief Safety, Chief Driver, Chief Judge, Master Score sheet, Official’s work record, Boat assignments, and any other forms as required by the tournament kit (registration, etc.) J Required Computer Skills.

  • All of the other PCFM Variable Value revisions that have been determined for use in the prospective Annual Iteration Process (and which Ofgem expects to include in the notices of proposed Variable Value revisions to licensees) will be input into the PCFM Variable Values Table for the licensee.

  • The steps of the Annual Iteration Process are specified in Part A of CRC 4B.

  • Changes to base revenue figures calculated under the Annual Iteration Process may be upwards or downwards and, accordingly, the value of MODt may be positive or negative.

Related to Annual Iteration Process

  • Random selection process means a process by which currently income-eligible households are selected for placement in affordable housing units such that no preference is given to one applicant over another except for purposes of matching household income and size with an appropriately priced and sized affordable unit (e.g., by lottery).

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Manufacturing Facility means buildings and structures, including machinery and equipment, the primary purpose of which is or will be the manufacture of tangible goods or materials or the processing of such goods or materials by physical or chemical change.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Development Plan has the meaning set forth in Section 3.2.