Average Daily Fee definition

Average Daily Fee means the amount arrived at after dividing the total Realisable Fee of the immediately preceding Accounting Year by 365 (three hundred and sixty five), and increasing the result thereof by 5% (five per cent); provided that the Average Daily Fee for any period prior to completion of the first Accounting Year following COD shall be a simple average of the Fee collected every day during the period between COD and the last day of the month preceding the date on which the event requiring calculation hereof occurred, and in the event that the Fee payable by any segment of traffic has not been realised for any reason, an assessment thereof shall be made by the Independent Engineer to form part of the Average Daily Fee for such period;

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Average Daily Fee means the amount arrived at after dividing the total Realisable Fee of the immediately preceding Accounting Year by 365 (three hundred and sixty five) and increasing the result thereof by 5% (five per cent). provided that the Average Daily Fee for any period prior to completion of the first Accounting Year following Appointed Date shall be a simple average of the Fee collected every day during the period between Appointed Date and the last day of the month preceding the date on which the event requiring calculation hereof occurred, and in the event that the Fee payable by any segment of traffic has not been realised for any reason, an assessment thereof shall be made by the Independent Engineer to form part of the Average Daily Fee for such period;

Examples of Average Daily Fee in a sentence

For the avoidance of doubt, loss of 25% (twenty five per cent) in collection of Fee as compared to the Average Daily Fee for four days shall entitle the Concessionaire to extension of one day in the Concession Period.
For the avoidance of doubt, loss of 25% (twenty-five per cent) in collection of Fee as compared to the Average Daily Fee for four days shall entitle the Concessionaire to extension of one day in the Concession Period.
The Projected Fee hereunder shall be an amount equal to the Average Daily Fee, increased at the close of every month by 0.5% (zero point five per cent) thereof and revised in accordance with Clause 27.2. For the avoidance of doubt, the Average Daily Fee for the purposes of this Clause shall be the amount so determined in respect of the Accounting Year or period, as the case may be, occurring prior to such opening or operation of an Additional Tollway or a Competing Road, as the case may be.
For the avoidance of doubt, loss of 25% (twenty-five percent) in collection of Fee as compared to the Average Daily Fee for 4 ( four) days shall entitle the Concessionaire to extension of 1 (one) day in the Concession Period.
For the avoidance of doubt, loss of 25% (twenty five per cent) in collection of Fee as compared to the Average Daily Fee for 4 (four) days shall entitle the Concessionaire to extension of one day in the Concession Period.
For the avoidance of doubt, the Average Daily Fee for the purposes of this Clause shall be the amount so determined in respect of the Accounting Year or period, as the case may be, occurring prior to such opening or operation of the Competing Facility.
For the avoidance of doubt, loss of 25% (twenty percent) in collection of Fee as compared to the Average Daily Fee for four days shall entitle the Concessionaire to extension of one day in the Concession Period.
The Authority shall procure that during the subsistence of this Agreement, neither the Authority nor any Government Instrumentality shall, at any time before the [20th (twentieth)] anniversary of the Appointed Date, construct or cause to be constructed any Competing Facility; provided that the restriction herein shall not apply if the Average Daily Fee on the XXX Ropeway in any two consecutive years exceeds 90% (ninety per cent) of its designed capacity specified in Clause 30.
For the avoidance of doubt, loss of 25% (twenty five percent) in collection of Fee as compared to the Average Daily Fee for four days shall entitle the Concessionaire to extension of one day in the Concession Period.
For the avoidance of doubt, loss of 25% (twenty-five percent) in collection of Fee as compared to the Average Daily Fee for four days shall entitle the Concessionaire to extension of one day in the Concession Period.

More Definitions of Average Daily Fee

Average Daily Fee means the amount arrived at by dividing the total Realisable Fee of the immediately preceding Accounting Year by 365 (three hundred and sixty five), and increasing the result thereof by 5% (five per cent); provided that the Average Daily Fee for any period prior to completion of the first Accounting Year following COD of the Hospital and/ or the relevant Health Centre, as the case may be, shall be a simple average of the Fee collected every day during the period between COD of the Facility, and the last day of the month preceding the date on which the event requiring calculation hereof occurred, and in the event that the Fee payable by any segment of Patient has not been realised for any reason, an assessment thereof shall be made by the Independent Engineer to form part of the Average Daily Fee for such period;

Average Daily Fee means the amount arrived at after dividing the total Realisable Fee of the immediately preceding Accounting Year by 365 (three hundred and sixty-five), and increasing the result thereof by 5% (five per cent) provided that the Average Daily Fee for any period prior to completion of the first Accounting Year following Appointed Date shall be a simple average of the Fee collected every day during the period between Appointed Date and the last day of the month preceding the date on which the event requiring calculation hereof occurred, and in the event that the Fee payable by any segment of traffic has not been realised for any reason, an assessment thereof shall be made by the Independent Engineer to form part of the Average Daily Fee for such period "Bid" means the documents in their entirety comprised in the bid submitted by the {selected bidder/ Concessionaire} in response to the Request for Proposals in accordance with the provisions thereof