Formula Year definition
Examples of Formula Year in a sentence
For the purposes of paragraph 5.12 the transportation revenue information is forecast revenue and actual revenue, for the immediately preceding month and each calendar month prior thereto in the relevant Formula Year, in each case in respect of each of the categories of charges referred to in Table 1 below.
The values of "P" (in paragraphs 4 to 6) and "F" (in paragraph 4) are stated as at 1 January 2006 (i.e. Formula Year t=0).
The values of "P" (in paragraphs 4 to 6) and "F" (in paragraph 4) are stated as at January 2012 (i.e. Formula Year t=0)..
For example, if in the first Formula Period there are $527,000 of Formula Revenues From Base Business and $600,000 of Formula Revenues Derived From Additional Business then, in such event, only $17,500 will be paid to the Stockholders as Incentive Payments for the first Formula Year.
Deleted: from (and including) Deleted: in Formula Year (t – 6) Deleted: Transporter Where the circumstances in Section B4.7.1 occur in respect of a relevant Supply Point on any Day in the period from (and including) 27 May to (and including) 31 May 2017 the User shall not be liable for any Supply Point Ratchet Charge in respect of the Supply Point and there shall be no automatic increase in the DM Supply Point Capacity.