RPIX Index definition
RPIX Index shall have the meaning given to it in paragraph 5.4 of Schedule 3 (Charging Structure) of this Framework Agreement;
RPIX Index means the "Retail Prices Index excluding mortgage interest rates (RPIX)" as published by the Office of National Statistics (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇); and the "annual percentage change in the RPIX Index" shall mean the % increase in the most recently published RPIX Index which has been confirmed by the Office for National Statistics at the time of the request for variation.
RPIX Index shall have the meaning given to it in paragraph 10.3 of Framework Schedule 2 (Charging Structure);
Examples of RPIX Index in a sentence
The measurement to be used in the variation calculation of the variable ‘Z’ in paragraph 4.1 of this Schedule shall be the percentage “Annual change” in the RPIX Index in respect of the most recent twelve (12) months for which published data is available.
In the event that any changes occur to the basis of the RPIX Index, or it is no longer published, the adjusted index or, if appropriate, the revised formula shall be that agreed by the AUTHORITY and the SERVICE PROVIDER under the Framework Agreement.
The measurement to be used in the variation calculation of the variable ‘X’ in paragraph 4.1 of this Schedule 2-3 shall be the percentage “Annual change” in the RPIX Index in respect of the “Period” of the Month in which the relevant anniversary occurred.
In accordance with the provisions of the Framework Agreement, on the first Day following each anniversary of the commencement of the Framework Agreement, the Charges shall be varied by the application of the following formula: NC = EC * Z where: NC = New Charge EC = Existing Charge, and Z = 1 + (% change in RPIX Index) 100 RPIX Index - The “Retail Prices Index excluding mortgage interest rates (RPIX)” as published by the Office of National Statistics (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇).
The Authority will review this information and will confirm in writing whether the variation request has been accepted (in part or in full) or not accepted, subject to a cap of the published RPIX Index figure at the relevant Adjustment Date.
More Definitions of RPIX Index
RPIX Index means the "Retail Prices Index excluding mortgage interest rates (RPIX)" as published by the Office of National Statistics (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/instantfigures.asp) "Self Audit Certificate" means the certificate in the form as set out in Framework Schedule 9 (Annual Self-Audit Certificate) to be provided to the Authority in accordance with Clause 14 (Records and Audit Access);
RPIX Index means the “Retail Prices Index excluding mortgage interest rates (RPIX)” as published by the Office of National Statistics (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇); and the “annual percentage change in the RPIX Index” means the percentage increase in the most recently published RPIX Index which has been confirmed by the Office for National Statistics at the time of the request for variation. Any increase in the Framework Prices shall be limited to the annual percentage change in the RPIX Index applicable at the relevant Indexation Adjustment Date. Where the published RPIX Index figure at the relevant Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise in writing. In the event that any changes occur to the basis of the RPIX Index, or it is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 2. For the avoidance of doubt any change to the Framework Prices implemented pursuant to this Framework Agreement 2 (Charging Structure) are made independently of, and shall not operate so as to increase the Charges payable by a Contracting Body under a Call-Off Agreement in force at the time a change to the Framework Prices is implemented. Any variation to the Charges payable under a Call-Off Agreement must be agreed in writing between the Supplier and the relevant Contracting Body and implemented in accordance with the provisions applicable to the Call-Off Agreement.
RPIX Index means the "Retail Prices Index excluding mortgage interest rates (RPIX)" as published by the Office of National Statistics (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇); and the "annual percentage change in the RPIX Index" shall mean the % increase in the most recently published RPIX Index which has been confirmed by the Office for National Statistics at the time of the request for variation. Where the published RPIX Index figure at the relevant Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise. In the event that any changes occur to the basis of the RPIX Index, or it is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3.] Variations in accordance with the provisions of this Framework Schedule 3 to the Framework Prices shall be made by the Authority to take effect: [on the Adjustment Date where an adjustment is made in accordance with paragraph 12.1.3; or] in accordance with Clause 32.2 of the Framework Agreement where an adjustment is made in accordance with paragraph 12.1.1; or where the Supplier notifies the Authority in accordance with paragraph 12.2 (as applicable) that it is able to decrease the Framework Prices, on [1 June] for assessments made on [1 May] and on [1 January] for assessments made on [1 December], and the Supplier shall amend the Framework Prices shown in this Framework Schedule 3 to reflect such variations. For the avoidance of doubt any change to the Framework Prices implemented pursuant to this Framework Schedule 3 (Charging Structure) are made independently of, and shall not affect the Charges payable by a Contracting Body under a Call-Off Agreement in force at the time a change to the Framework Prices is implemented. Any variation to the Charges payable under a Call-Off Agreement must be agreed between the Supplier and the relevant Contracting Body and implemented in accordance with the provisions applicable to the Call-Off Agreement. If the Authority or any Other Contracting Body decides to source the Services through this Framework Agreement then it will award its Services Requirements in accordance with the procedure in this Framework Schedule 5 (Ordering Procedu...
RPIX Index means the "Retail Prices Index excluding mortgage interest rates (RPIX)" as published by the Office of National Statistics (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇); and
RPIX Index means the "Retail Prices Index excluding mortgage interest rates (RPIX)" as published by the Office of National Statistics (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇); and the "annual percentage change in the RPIX Index" shall mean the % increase in the most recently published RPIX Index which has been confirmed by the Office for National Statistics at the time of the request for variation. Where the published RPIX Index figure at the relevant Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise. In the event that any changes occur to the basis of the RPIX Index, or it is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Agreement Schedule 3 (Charging Structure).
RPIX Index shall have the meaning given to it in paragraph 5.4 of Framework Schedule 3 (Charging Structure); Security Check shall have the meaning as set out in the HMG Personnel Security Controls which can be found at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/sites/default/files/resources/hmg-personnel-security-controls.pdf
RPIX Index means the All Items Retail Prices Index (excluding mortgage interest payments) published by the Office for National Statistics or such other index as the Councils and Covanta may agree;