Tariff Adjustment definition

Tariff Adjustment means, for the purpose of Section 7.01 (b) of this Agreement, the adjustment to be made to the aggregate level of the Borrower’s telecommunications tariffs consisting of an increase or increases, on the basis of a formula acceptable to the Bank, equivalent in the aggregate at least to: (i) the amount of (A) the aggregate increase, during the period between May 2, 1990 and the first day of the quarter within which this Agreement is to become effective, in the Index of Retail Prices of Consumer Goods and Services published monthly by the Guarantor’s Central Statistical Office, and (B) 50% of the estimated increase in said Index for the quarter within which this Agreement is to become effective; and (ii) an additional amount equivalent to 30% of the aggregate level of said tariffs after such level has been increased pursuant to subparagraph (i) of this paragraph;

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Tariff Adjustment means the adjustment of the Regulated Tariff at the commencement of each Tariff Period pursuant to in accordance with the provisions of the Addendum; Tariff Period means, in respect of the fuel component of the Electricity Tariff :

Tariff Adjustment is, as of any date, the aggregate amount by which the Minimum EBITDA (Q1) Amount, the Minimum EBITDA (Q2) Amount or the Minimum EBITDA (Q3) Amount would have increased pursuant to the respective definition thereof if a Tariff Reduction Event had occurred with respect to both the Tariff Rate (Malaysia) and the Tariff Rate (Thailand) on or prior to such date.

Examples of Tariff Adjustment in a sentence

• Within fifteen (15) days of signing of a reconciliation statement, the Seller or Procurer, as the case may be, shall raise a Supplementary ▇▇▇▇ for the Tariff Adjustment Payments for the relevant quarter/ Contract Year and shall make payment of such Supplementary ▇▇▇▇ for the Tariff Adjustment Payments for the relevant quarter/Contract Year.

• The Reference Tariff payable under a Transmission Payment Deed may be varied in accordance with the Reference Tariff Adjustment Mechanism set out in section 4 of this Access Arrangement.

• Parties acknowledge that all payments made against Weekly Bills, Provisional B▇▇▇ and Supplementary Bills shall be subject to quarterly reconciliation at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year to take into account REA, Tariff Adjustment Payments, Tariff Rebate Payments, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement.

• Parties acknowledge that all payments made against Weekly Bills, Provisional B▇▇▇ and Supplementary Bills shall be subject to quarterly reconciliation at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year to take into account Tariff Adjustment Payments, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement.

• Parties acknowledge that all payments made against Monthly Bills, Provisional Bill and Supplementary Bills shall be subject to quarterly reconciliation at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year to take into account REA, Tariff Adjustment Payments, Tariff Rebate Payments, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement.

• The Reference Tariffs may vary on the basis of an Annual Reference Tariff Adjustment Formula Mechanism.

• Within fifteen (15) days of signing of a reconciliation statement, the Corporation or First Party, as the case may be, shall raise a Supplementary B▇▇▇ for the Tariff Adjustment Payments for the relevant quarter/ Contract Year and shall make payment of such Supplementary B▇▇▇ for the Tariff Adjustment Payments for the relevant quarter/Contract Year.

• Within fifteen (15) days of signing of a reconciliation statement, the Seller or ▇▇▇▇▇▇▇▇, as the case may be, shall raise a Supplementary Bill for the Tariff Adjustment Payments for the relevant quarter/ Contract Year and shall make payment of such Supplementary Bill for the Tariff Adjustment Payments for the relevant quarter/Contract Year.

• Within fifteen (15) days of signing of a reconciliation statement, the Seller or Procurer, as the case may be, shall raise a Supplementary B▇▇▇ for the Tariff Adjustment Payments for the relevant quarter/ Contract Year and shall make payment of such Supplementary B▇▇▇ for the Tariff Adjustment Payments for the relevant quarter/Contract Year.

• To increase private sector provision of electricity, including from renewable sources, the Recipient through the National Electricity Authority has issued the Tariff Methodology and Tariff Adjustment Formulae, which applies principles of full cost-recovery.

More Definitions of Tariff Adjustment

Tariff Adjustment. : means the adjustment of the Regulated Tariff at the commencement of each Tariff Period pursuant to article 4, and in accordance with Annex 7.

Tariff Adjustment means adjustments of pass-through items and admissible variations to project cost allowed in the tariff determination or upfront tariff determination as the case may be including those to actual draw downs of equity and disbursements by financiers of the Project. This also includes material and labor cost variations taken into account to adjust the tariff that has been approved at the time of tariff determination.