Examples of Notified Price in a sentence
The floor price for the auction in the first round of the auction process shall be the Notified Price (“ Reserve Price”) and the Bidders shall Bid for a particular Link Quantity in accordance with the provisions hereunder.
In addition to the payments specified in this Scheme Document, the Successful Bidder shall be required to make periodic payments for the coal supplied under the Agreement on the basis of the following formula: {[Annual Contracted Quantity supplied under the Agreement] multiplied by [the sum of the Notified Price (or the latest Indexed Notified Price, as the case may be) and Winning Premium multiplied by (Notified Price (or the latest Indexed Notified Price, as the case may be))]}.
The amount of Performance Security is and shall continue to be for a value computed as per the following formula: Performance Security = {[Annual Contracted Quantity] multiplied by [5% of the sum of the Notified Price (or the latest Indexed Notified Price, as the case may be) and Winning Premium multiplied by (Notified Price (or the latest Indexed Notified Price, as the case may be)]}.
Alternatively, the bank guarantee constituting the Performance Security may be suitably amended for the revised value computed as per Clause 7.1.1. The revised/ amended/ top up bank guarantee shall be provided within a period of 30 (thirty) days of notification of change in the Notified Price (or latest Indexed Notified Price, as the case may be).
The Notified Price or the Indexed Notified Price (as defined) shall be reviewed by SCCL semi- annually, and it may make such modifications as may be deemed appropriate.