Rebasing Date definition
Examples of Rebasing Date in a sentence
Not later than March 31 preceding each Rate Rebasing Date, the Concessionaire shall also supply the Regulatory Office with information on its Expenditures, Receipts, Cash Flows, Opening Cash Position and Future Cash Flows in a form and manner, and covering such time periods, as the Regulatory Office may determine.
Legal title as well as all rights, title, and interest to all such Recovered Assets shall be transferred to the MWSS on or before such Rate Rebasing Date.
In determining compliance with such coverage targets, along with the method by which such compliance was calculated, prior to each Rebasing Date in accordance with Section 9.4.1, the Regulatory Office shall require the submission of data and supporting evidence by the Concessionaire.
Notwithstanding the foregoing, the Regulatory Office, with approval from the MWSS, may, implement a general rate rebasing consistent with this Section 9.4.2 on the first Rate Rebasing Date if the Regulatory Office determines that circumstances warrant such an action.
Such Expenditure is deemed to have been incurred on the next Rate Rebasing Date, the recovery of which is subject to the preceding paragraph.
It is the intention of the parties that, from and after the Second Rate Rebasing Date, the rates for water and sewerage services provided by the Concessionaire shall be set at level that will permit the Concessionaire to recover over the term of the Concession (net of any grants from third parties and any possible Expiration Payment) Expenditures efficiently and prudently incurred and to earn a reasonable rate of return (referred to herein as the “Appropriate Discount Rate”).
The Concessionaire shall, at each Rate Rebasing Date, submit to the Regulatory Office a list of all Recovered Assets, including all supporting documents.
The parties further agree that the maximum rates chargeable for such water and sewerage services shall be subject to general adjustment at five-year (5-year) intervals commencing on the second Rate Rebasing Date; provided that the MWSS, with prior recommendation from the Regulatory Office may exercise its discretion to make a general adjustment of such rates on the First Rate Rebasing Date.
If the Concessionaire disputes a determination by the Regulatory Office made in accordance with Section 9.4.2, the Concessionaire shall have until July 31 prior to the Rate Rebasing Date to refer the matter to the Appeals Panel for determination, as described in Section 12.4 (ii) below.
Rate Rebasing Determination The maximum rates chargeable by the Concessionaire for water and sewage services hereunder applicable to the period through the Second Rate Rebasing Date (subject to interim adjustment’s as described in this Article 9) are set out in Schedule 16 to this Agreement.