Year End Adjustment definition
Examples of Year End Adjustment in a sentence
If any one or more of the Access Holders (including the User) Ship Excess Tonnage in a Financial Year, DBCT Management must pay the User (and other Access Holders) the Year End Adjustment in accordance with clause 5.1(e).
If any one or more of the Access Holders (including the User) Ship Excess Tonnage in a Financial Year, DBCT Management must pay the User (and other Access Holders) the Year End Adjustment in accordance with clause 5.1(f).
Access Charges Access Charges will comprise two components: a Capital Charge, being: in respect of Reference ▇▇▇▇▇▇▇, the TIC; in respect of Excess Tonnage, the Excess Charge; and where applicable, the Year End Adjustment and the Provisional Increment Repayment; and a charge to recoup the costs of operation and maintenance of the Terminal, being: the Handling Charge – Fixed; the Handling Charge – Variable; and where applicable, charges for Miscellaneous Services.
DBCT Management to pay Year End Adjustment If any one or more of the Access Holders (including the User) Ship Excess Tonnage in a Financial Year, DBCT Management must pay the User (and other Access Holders) the Year End Adjustment in accordance with clause 5.1(e).
DBCT Management must pay the amount (if any) of the Year End Adjustment within 14 days after receipt of a relevant tax invoice pursuant to clause 5.1(e)(ii).
With respect to the Year End Adjustment: DBCT Management must calculate and notify the User of any Year End Adjustment within one month from the end of the Financial Year to which it relates.
Year End Adjustment (YEA) The Year End Adjustment for the User (YEAu) will be calculated in respect of each Financial Year as follows:- where:- RTu is the Reference Tonnage for the User for the Financial Year; ART is the Aggregate Reference Tonnage for the Financial Year; and RP is the Rebate Pool for the Financial Year calculated at Schedule 2, Part B, Section 2.
The User must render the appropriate tax invoice reflecting the payment to be made (if any) pursuant to the Year End Adjustment on or before the date 14 days after the amount (if any) of the Year End Adjustment is notified to the User by DBCT Management (or, if later, within 14 days after the resolution of any dispute over the calculation of adjustments, including any dispute referred to in clause 5.1(e)(iv)).
A final adjustment shall be made to the prices for Cliffs' Pellets for each year on or about [*****] of the following year once final pricing factors and indices for the applicable year have been published in accordance with Section (d)(i) below (the "Year End Adjustment").
As of the date hereof, the Commitment Letters are in full force and effect and have not been amended in any material respect.