Examples of Reference Index Date in a sentence
Upon receiving a report from the Independent Engineer certifying the achievement of the below mentioned payment milestones (“Payment Milestones”), the Authority shall disburse, within 15 (fifteen) days of the receipt of each such report, an instalment equal to 10% (ten per cent) of the Project Cost, adjusted for the Price Index Multiple as applicable on the Reference Index Date preceding the date of that report.
The Base Fixed Charge determined in accordance with Clause 27.2.2 shall be revised annually to reflect the variation in Price Index occurring between the Reference Index Date for January of the year specified in Clause 27.2.1 and the Reference Index Date for the month of preceding January of Accounting Year for which such revision is being undertaken (the “Fixed Charge”).
Upon receiving a report from the Independent Engineer certifying the achievement of the below mentioned Payment Milestones5, the Authority shall disburse, within 15 (fifteen) days of the receipt of each such report, an installment equal to 4% (four per cent) of the Bid Project Cost, adjusted for the Price Index Multiple as applicable on the Reference Index Date preceding the date of that report.
O&Mpayments shall be paid in 2 (two) equal biannual installments adjusted for Price Index Multiple applicable on the Reference Index Date preceding the due date of payment.
Upon receiving a report from the Independent Engineer certifying the achievement of the below mentioned Payment Milestones12, the Authority shall disburse, within 15 (fifteen) days of the receipt of each such report, an installment equal to 12% (Twelve per cent) of the Bid Project Cost, adjusted for the Price Index Multiple as applicable on the Reference Index Date preceding the date of that report.
For the subsequent years, the Variable Charge shall be revised annually to reflect the variation in Price Index occurring between the Reference Index Date for January of the year specified in this Clause 27.4.2 and the Reference Index Date for the month of January preceding the Accounting Year for which such revision is undertaken.
The base Transportation & Handling Charge shall be revised every quarter (commencing from the first quarter after the Bid Date) to reflect the variation in Price Index occurring between the Reference Index Date of the quarter preceding the Bid Date and the Reference Index Date for the quarter preceding the date of revision, and the amount so determined shall be the Base Transportation & Handling Charge for that quarter.
The Base Unitary Charge determined for each Accounting Year in accordance with Clause 26.2 shall be revised to reflect 40% (forty per cent) of the variation in WPI occurring between the Reference Index Date for January of the year in which the Bid was submitted and the Reference Index Date for the month of January preceding the Accounting Year for which such revision is undertaken (the “Indexed Unitary Charge”).
Each of the charges specified in this Article 28 have been determined with reference to the Accounting Year 2014-15 and shall be revised annually to reflect the variation in CPI (IW) to the extent of 80% (eighty per cent) thereof, occurring between the Reference Index Date for January preceding the Accounting Year specified in this Clause 28.8 and the Reference Index Date for the month of January preceding the Accounting Year for which such revision is undertaken.
The base mining charge shall be revised every quarter (commencing from the first quarter after the Bid Date) to reflect the variation in Price Index occurring between the Reference Index Date of the quarter preceding the Bid Date and the Reference Index Date for the quarter preceding the date of revision, and the amount so determined shall be the Mining Charge for that quarter.