Common use of Adjustment of Guarantee Amount Clause in Contracts

Adjustment of Guarantee Amount. (a) Subject to clause 10.2(b), following each anniversary of the date of the Guarantee (the “Adjustment Date”) and at any time prior to the expiry of the Defects Liability Period, the Guarantee Amounts are to be adjusted to a revised amount by applying the following formula: RGA = GA x (A/B) where: RGA is the revised guarantee amount applicable from the relevant Adjustment Date GA is the Guarantee Amount that is current on the relevant Adjustment Date A is the Index Number most recently published before the relevant Adjustment Date B is the Index Number most recently published:

Adjustment of Guarantee Amount. (a) Subject to clause 10.2(b(b), following each anniversary of the date of the Guarantee (the “Adjustment Date”) and at any time prior to the expiry of the Defects Liability Period, the Guarantee Amounts are to be adjusted to a revised amount by applying the following formula: RGA = GA x (A/B) where: RGA is the revised guarantee amount applicable from the relevant Adjustment Date GA is the Guarantee Amount that is current on the relevant Adjustment Date A is the Index Number most recently published before the relevant Adjustment Date B is the Index Number most recently published:

Adjustment of Guarantee Amount. (a) Subject to clause 10.2(b), following each anniversary of the date of the Guarantee (the “Adjustment Date”) and at any time prior to the expiry of the Defects Liability Period, the Guarantee Amounts are to be adjusted to a revised amount by applying the following formula: formula:‌ RGA = GA x (A/B) where: RGA is the revised guarantee amount applicable from the relevant Adjustment Date GA is the Guarantee Amount that is current on the relevant Adjustment Date A is the Index Number most recently published before the relevant Adjustment Date B is the Index Number most recently published: