Common use of Annual Adjustment Clause in Contracts

Annual Adjustment. 1.3.1 NGC's Demand related Use of System Charges shall be calculated on the basis of actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of a number of peak half hours as notified by NGC to the User under paragraph 2.1 of this Appendix E. 1.3.2 On or before 1st March each Financial Year NGC shall:- (i) determine from meter readings of Energy Metering Equipment the actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of the Number of Peak Half Hours applicable during such Financial Year; and (ii) shall compare the User's highest Registered Capacity during such year with the Registered Capacity used when estimating the charges due during such Financial Year; 1.3.3 NGC shall then promptly calculate on the basis of the actual position determined in accordance with paragraph 1.3.2 the amount of Demand related or Capacity related Use of System Charges (as the case may be) that would have been payable by the User under this Supplemental Agreement during each month during that Financial Year if they had been calculated on the basis of that of the actual position (the "Actual Amount"). NGC shall then compare the Actual Amount with the amount of Demand related or Capacity related Use of System Charges (as the case may be) paid during each month during that Financial Year by the User under this Supplemental Agreement (the "Notional Amount"). 1.3.4 NGC shall then prepare a reconciliation statement and send it to the User. Such statement shall specify the Actual Amount and the Notional Amount for each month during the relevant Financial Year and, in reasonable detail, the information from which such amounts were derived and the way in which they were calculated. 1.3.5 Together with the reconciliation statement NGC shall send the User an invoice in relation to any sums shown by the reconciliation statement to be due to NGC and interest thereon calculated pursuant to paragraph 1.3.6 below. Forthwith following receipt of any reconciliation statement the User shall send to NGC an invoice in relation to any sum shown by the reconciliation statement to be due to the User and interest thereon calculated pursuant to paragraph 1.3.6 below. Such invoices shall be payable on or before 31st March in such Financial Year. 1.3.6 In respect of each month during that Financial Year: - (a) the User shall, following receipt of an appropriate invoice, pay to NGC an amount equal to the amount (if any) by which the Actual Amount exceeds the Notional Amount; and (b) NGC shall, following receipt of an appropriate invoice, repay to the User an amount equal to the amount (if any) by which the Notional Amount exceeds the Actual Amount. Interest shall be payable by the paying Party to the other on such amounts from the Payment Date applicable to the month concerned until the date of actual payment of such amounts (which shall not be later than 31st March in such Financial Year). Such interest shall be calculated on a daily basis at the rate equal to the base rate of Barclays Bank PLC for the time being and from time to time during such period.

Annual Adjustment. 1.3.1 NGC's Demand related Use of System Charges shall be calculated on the basis of actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of a number of peak half hours as notified by NGC to the User under paragraph 2.1 of this Appendix E. 1.3.2 On or before 1st March each Financial Year NGC shall:-shall: - (i) determine from meter readings of Energy Metering Equipment the actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of the Number of Peak Half Hours applicable during such Financial Year; and (ii) shall compare the User's highest Registered Capacity during such year with the Registered Capacity used when estimating the charges due during such Financial Year; 1.3.3 NGC shall then promptly calculate on the basis of the actual position determined in accordance with paragraph 1.3.2 the amount of Demand related or Capacity related Use of System Charges (as the case may be) that would have been payable by the User under this Supplemental Agreement during each month during that Financial Year if they had been calculated on the basis of that of the actual position (the "Actual Amount"). NGC shall then compare the Actual Amount with the amount of Demand related or Capacity related Use of System Charges (as the case may be) paid during each month during that Financial Year by the User under this Supplemental Agreement (the "Notional Amount"). 1.3.4 NGC shall then prepare a reconciliation statement and send it to the User. Such statement shall specify the Actual Amount and the Notional Amount for each month during the relevant Financial Year and, in reasonable detail, the information from which such amounts were derived and the way in which they were calculated. 1.3.5 Together with the reconciliation statement NGC shall send the User an invoice in relation to any sums shown by the reconciliation statement to be due to NGC and interest thereon calculated pursuant to paragraph 1.3.6 below. Forthwith following receipt of any reconciliation statement the User shall send to NGC an invoice in relation to any sum shown by the reconciliation statement to be due to the User and interest thereon calculated pursuant to paragraph 1.3.6 below. Such invoices shall be payable on or before 31st March in such Financial Year. 1.3.6 In respect of each month during that Financial Year: -Year:- (a) the User shall, following receipt of an appropriate invoice, pay to NGC an amount equal to the amount (if any) by which the Actual Amount exceeds the Notional Amount; and (b) NGC shall, following receipt of an appropriate invoice, repay to the User an amount equal to the amount (if any) by which the Notional Amount exceeds the Actual Amount. Interest shall be payable by the paying Party to the other on such amounts from the Payment Date applicable to the month concerned until the date of actual payment of such amounts (which shall not be later than 31st March in such Financial Year). Such interest shall be calculated on a daily basis at the rate equal to the base rate of Barclays Bank PLC for the time being and from time to time during such period.

Annual Adjustment. 1.3.1 NGC's Demand related Use of System Charges shall be calculated on the basis of actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of a number of peak half hours as notified by NGC to the User under paragraph 2.1 of this Appendix E. 1.3.2 On or before 1st March each Financial Year NGC shall:- (i) determine from meter readings of Energy Metering Equipment the actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of the Number of Peak Half Hours applicable during such Financial Year; and (ii) shall compare the User's highest Registered Capacity during such year with the Registered Capacity used when estimating the charges due during such Financial Year; 1.3.3 NGC shall then promptly calculate on the basis of the actual position determined in accordance with paragraph 1.3.2 the amount of Demand related or Capacity related Use of System Charges (as the case may be) that would have been payable by the User under this Supplemental Agreement during each month during that Financial Year if they had been calculated on the basis of that of the actual position (the "Actual Amount"). NGC shall then compare the Actual Amount with the amount of Demand related or Capacity related Use of System Charges (as the case may be) paid during each month during that Financial Year by the User under this Supplemental Agreement (the "Notional Amount"). 1.3.4 NGC shall then prepare a reconciliation statement and send it to the User. Such statement shall specify the Actual Amount and the Notional Amount for each month during the relevant Financial Year and, in reasonable detail, the information from which such amounts were derived and the way in which they were calculated. 1.3.5 Together with the reconciliation statement NGC shall send the User an invoice in relation to any sums shown by the reconciliation statement to be due to NGC and interest thereon calculated pursuant to paragraph 1.3.6 below. Forthwith following receipt of any reconciliation statement the User shall send to NGC an invoice in relation to any sum shown by the reconciliation statement to be due to the User and interest thereon calculated pursuant to paragraph 1.3.6 below. Such invoices shall be payable on or before 31st March in such Financial Year. 1.3.6 In respect of each month during that Financial Year: -: (a) the User shall, following receipt of an appropriate invoice, pay to NGC an amount equal to the amount (if any) by which the Actual Amount exceeds the Notional Amount; and (b) NGC shall, following receipt of an appropriate invoice, repay to the User an amount equal to the amount (if any) by which the Notional Amount exceeds the Actual Amount. Interest shall be payable by the paying Party to the other on such amounts from the Payment Date applicable to the month concerned until the date of actual payment of such amounts (which shall not be later than 31st March in such Financial Year). Such interest shall be calculated on a daily basis at the rate equal to the base rate of Barclays Bank PLC for the time being and from time to time during such period.

Annual Adjustment. 1.3.1 NGC's Demand related Use of System Charges shall be calculated on the basis of actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of a number of peak half hours as notified by NGC to the User under paragraph 2.1 of this Appendix E. 1.3.2 On or before 1st March each Financial Year NGC shall:-shall: - (i) determine from meter readings of Energy Metering Equipment the actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of the Number of Peak Half Hours applicable during such Financial Year; and (ii) shall compare the User's highest Registered Capacity during such year with the Registered Capacity used when estimating the charges due during such Financial Year; 1.3.3 NGC shall then promptly calculate on the basis of the actual position determined in accordance with paragraph 1.3.2 the amount of Demand related or Capacity related Use of System Charges (as the case may be) that would have been payable by the User under this Supplemental Agreement during each month during that Financial Year if they had been calculated on the basis of that of the actual position (the "Actual Amount"). NGC shall then compare the Actual Amount with the amount of Demand related or Capacity related Use of System Charges (as the case may be) paid during each month during that Financial Year by the User under this Supplemental Agreement (the "Notional Amount"). 1.3.4 NGC shall then prepare a reconciliation statement and send it to the User. Such statement shall specify the Actual Amount and the Notional Amount for each month during the relevant Financial Year and, in reasonable detail, the information from which such amounts were derived and the way in which they were calculated. 1.3.5 Together with the reconciliation statement NGC shall send the User an invoice in relation to any sums shown by the reconciliation statement to be due to NGC and interest thereon calculated pursuant to paragraph 1.3.6 below. Forthwith following receipt of any reconciliation statement the User shall send to NGC an invoice in relation to any sum shown by the reconciliation statement to be due to the User and interest thereon calculated pursuant to paragraph 1.3.6 below. Such invoices shall be payable on or before 31st March in such Financial Year. 1.3.6 In respect of each month during that Financial Year: . - (a) the User shall, following receipt of an appropriate invoice, pay to NGC an amount equal to the amount (if any) by which the Actual Amount exceeds the Notional Amount; and (b) NGC shall, following receipt of an appropriate invoice, repay to the User an amount equal to the amount (if any) ). by which the Notional Amount exceeds the Actual Amount. Interest shall be payable by the paying Party to the other on such amounts from the Payment Date applicable to the month concerned until the date of actual payment of such amounts (which shall not be later than 31st March in such Financial Year). Such interest shall be calculated on a daily basis at the rate equal to the base rate of Barclays Bank PLC for the time being and from time to time during such period.

Annual Adjustment. 1.3.1 NGC's Demand related Use of System Charges charges shall be calculated on the basis of actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of a number of peak half hours as notified by NGC to the User under paragraph 2.1 of this Appendix E. 1.3.2 On or before 1st March each Financial Year NGC shall:- (i) determine from meter readings of Energy Metering Equipment the and actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of the Number of Peak Half Hours applicable during such Financial Year; and (ii) shall compare the User's highest Registered Capacity during such year with the Registered Capacity used when estimating the charges due during such Financial Year; 1.3.3 NGC shall then promptly calculate on the basis of the actual position determined in accordance with paragraph 1.3.2 the amount of Demand related or Capacity related Use of System Charges (as the case may be) that would have been payable payment by the User under this Supplemental supplemental Agreement during each month during that Financial Year if they had been calculated on the basis of that of the actual position (the "Actual Amount"). NGC shall then compare the Actual Amount with the amount of Demand related or Capacity related Use of System Charges (as the case may be) paid during each month during that Financial Year by the User under this Supplemental Agreement (the "Notional Amount"). 1.3.4 NGC shall then prepare a reconciliation statement and send it to the User. Such statement shall specify the Actual Amount and the Notional Amount for each month during the relevant Financial Year and, in reasonable detail, the information from which such amounts were derived and the way in which they were calculated. 1.3.5 Together with the reconciliation statement NGC shall send the User an and invoice in relation to any sums shown by the reconciliation statement to be due to NGC and interest thereon calculated pursuant to paragraph 1.3.6 below. Forthwith following receipt of any reconciliation statement the User shall send to NGC an invoice in relation to any sum shown by the reconciliation statement to be due to the User and interest thereon calculated pursuant to paragraph 1.3.6 below. Such invoices shall be payable on or before 31st March in such Financial Year. 1.3.6 In respect of each month during that Financial Year: -Year:- (a) the User shall, following receipt of an appropriate invoice, pay to NGC an amount equal to the amount (if any) by which the Actual Amount exceeds the Notional Amount; and (b) NGC shall, following receipt of an appropriate invoice, repay to the User an amount equal to t the amount (if any) by which the Notional Amount exceeds the Actual Amount. Interest shall be payable by the paying Party to the other on such amounts from the Payment Date applicable to the month concerned until the date of actual payment of such amounts (which shall not be later than 31st March in such Financial Year). Such interest shall be calculated on a daily basis at the rate equal to the base rate of Barclays Bank PLC for the time being and from time to time during such period.

Annual Adjustment. 1.3.1 NGC's Demand related Use of System Charges shall be calculated on the basis of actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of a number of peak half hours as notified by NGC to the User under paragraph 2.1 of this Appendix E. 1.3.2 On or before 1st March each Financial Year NGC shall:-shall: - (i) determine from meter readings of Energy Metering Equipment the actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of the Number of Peak Half Hours applicable during such Financial Year; and (ii) shall compare the User's highest Registered Capacity during such year with the Registered Capacity used when estimating the charges due during such Financial Year; 1.3.3 NGC shall then promptly calculate on the basis of the actual position determined in accordance with paragraph 1.3.2 the amount of Demand related or Capacity related Use of System Charges (as the case may be) that would have been payable by the User under this Supplemental Agreement during each month during that Financial Year if they had been calculated on the basis of that of the actual position (the "Actual Amount"). NGC shall then compare the Actual Amount with the amount of Demand related or Capacity related Use of System Charges (as the case may be) paid during each month during that Financial Year by the User under this Supplemental Agreement (the "Notional Amount"). 1.3.4 NGC shall then prepare a reconciliation statement and send it to the User. Such statement shall specify the Actual Amount and the Notional Amount for each month during the relevant Financial Year and, in reasonable detail, the information from which such amounts were derived and the way in which they were calculated. 1.3.5 Together with the reconciliation statement NGC shall send the User an invoice in relation to any sums shown by the reconciliation statement to be due to NGC and interest thereon calculated pursuant to paragraph 1.3.6 below. Forthwith following receipt of any reconciliation statement the User shall send to NGC an invoice in relation to any sum shown by the reconciliation statement to be due to the User and interest thereon calculated pursuant to paragraph 1.3.6 below. Such invoices shall be payable on or before 31st March in such Financial Year. 1.3.6 In respect of each month during that Financial Year: -Year:- (a) the User shall, following receipt of an appropriate invoice, pay to NGC an amount equal to the amount (if any) by which the Actual Amount exceeds the Notional Amount; and (b) NGC shall, following receipt of an appropriate invoice, repay to the User an amount equal to the amount (if any) by which the Notional Amount exceeds the Actual Amount. Interest shall be payable by the paying Party to the other on such amounts from the Payment Date applicable to the month concerned until the date of actual payment of such amounts (which shall not be later than 31st March in such Financial Year). Such interest shall be calculated on a daily basis at the rate equal to the base rate of Barclays Bank PLC for the time being and from time to time during such period.

Annual Adjustment. 1.3.1 NGC's Demand related Use of System Charges shall be calculated on the basis of actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of a number of peak half hours as notified by NGC to the User under paragraph 2.1 of this Appendix E. 1.3.2 On or before 1st March each Financial Year NGC shall:- (i) determine from meter readings of Energy Metering Equipment the actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of the Number of Peak Half Hours applicable during such Financial Year; and (ii) shall compare the User's highest Registered Capacity during such year with the Registered Capacity used when estimating the charges due during such Financial Year; 1.3.3 NGC shall then promptly calculate on the basis of the actual position determined in accordance with paragraph 1.3.2 the amount of Demand related or Capacity related Use of System Charges (as the case may be) that would have been payable by the User under this Supplemental Agreement during each month during that Financial Year if they had been calculated on the basis of that of the actual position (the "Actual Amount"). NGC shall then compare the Actual Amount with the amount of Demand related or Capacity related Use of System Charges (as the case may be) paid during each month during that Financial Year by the User under this Supplemental Agreement (the "Notional Amount"). 1.3.4 NGC shall then prepare a reconciliation statement and send it to the User. Such statement shall specify the Actual Amount and the Notional Amount for each month during the relevant Financial Year and, in reasonable detail, the information from which such amounts were derived and the way in which they were calculated. 1.3.5 Together with the reconciliation statement NGC shall send the User an invoice in relation to any sums shown by the reconciliation statement to be due to NGC and interest thereon calculated pursuant to paragraph 1.3.6 below. Forthwith following receipt of any reconciliation statement the User shall send to NGC an invoice in relation to any sum shown by the reconciliation statement to be due to the User and interest thereon calculated pursuant to paragraph 1.3.6 below. Such invoices shall be payable on or before 31st March in such Financial Year. 1.3.6 In respect of each month during that Financial Year: -Year:- (a) the User shall, following receipt of an appropriate invoice, pay to NGC an amount equal to the amount (if any) by which the Actual Amount exceeds the Notional Amount; and (b) NGC shall, following receipt of an appropriate invoice, repay to the User an amount equal to the amount (if any) by which the Notional Amount exceeds the Actual Amount. Interest shall be payable by the paying Party to the other on such amounts from the Payment Date applicable to the month concerned until the date of actual payment of such amounts (which shall not be later than 31st March in such Financial Year). Such interest shall be calculated on a daily basis at the rate equal to the base rate of Barclays Bank PLC for the time being and from time to time during such period.

Annual Adjustment. 1.3.1 NGC's Demand related Use of System Charges shall be calculated on the basis of actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of a number of peak half hours as notified by NGC to the User under paragraph 2.1 of this Appendix E. 1.3.2 On or before 1st March each Financial Year NGC shall:-shall: (i) determine from meter readings of Energy Metering Equipment the actual Demand (Active Power) attributable to each User at each Grid Supply Point for each of the Number of Peak Half Hours applicable during such Financial Year; , and (ii) shall compare the User's highest Registered Capacity during such year with the Registered Capacity used when estimating the charges due during such Financial Year; 1.3.3 NGC shall then promptly calculate on the basis of the actual position determined in accordance with paragraph 1.3.2 the amount of Demand related or Capacity related Use of System Charges (as the case may be) that would have been payable by the User under this Supplemental Agreement during each month during that Financial Year if they had been calculated on the basis of that of the actual position (the "Actual Amount"). NGC shall then compare the Actual Amount with the amount of Demand related or Capacity related Use of System Charges (as the case may be) paid during each month during that Financial Year by the User under this Supplemental Agreement (the "Notional Amount"). 1.3.4 NGC shall then prepare a reconciliation statement and send it to the User. Such statement shall specify the Actual Amount and the Notional Amount for each month during the relevant Financial Year and, in reasonable detail, the information from f rom which such amounts were derived and the way in which they were calculated. 1.3.5 Together with the reconciliation statement NGC shall send the User an invoice in relation to any sums shown by the reconciliation statement to be due to NGC and interest thereon calculated pursuant to paragraph 1.3.6 below. Forthwith following receipt of any reconciliation statement the User shall send to NGC an invoice in relation to any sum shown by the reconciliation statement to be due to the User and interest thereon calculated pursuant to paragraph 1.3.6 below. Such invoices shall be payable on or before 31st 3 1st March in such Financial Year. 1.3.6 In respect of each month during that Financial Year: -: (a) the User shall, following receipt of an appropriate invoice, pay to NGC an amount equal to the amount (if any) by which the Actual Amount exceeds the Notional Amount; and (b) NGC shall, following receipt of an appropriate invoice, repay to the User an amount equal to the amount (if any) by which the Notional Amount exceeds the Actual Amount. Interest shall be payable by the paying Party to the other on such amounts from the Payment Date applicable to the month concerned until the date of actual payment of such amounts (which shall not be later than 31st March in such Financial Year). Such interest shall be calculated on a daily basis at the rate equal to the base rate of Barclays Bank PLC for the time being and from time to time during such period.