Common use of Determination of Revenue Clause in Contracts

Determination of Revenue. Cap (RC) The Revenue Cap (RC) for each Financial Year (or where there is a Review Event after 1 July, for each period "i" in the Financial Year) is calculated as follows: RC  ARRxART  INCR NCT where: ARR is the Annual Revenue Requirement; ART is the Aggregate Reference Tonnage; NCT is the Notional Contracted Tonnage; and INCR is the sum of any relevant Increments approved by the QCA in respect of prior Financial Years pursuant to Schedule 2, Part B, clause 4(d).

Determination of Revenue. Cap (RC) The Revenue Cap (RC) for each Financial Year (or where there is a Review Event after 1 July, for each period "i" in the Financial Year) is calculated as follows: where: RC  = ARRxART  + INCR NCT where: ARR is the Annual Revenue Requirement; ART is the Aggregate Reference Tonnage; NCT is the Notional Contracted Tonnage; and INCR is the sum of any relevant Increments approved by the QCA in respect of prior Financial Years pursuant to Schedule 2, Part B, clause 4(d).

Determination of Revenue. Cap (RC) The Revenue Cap (RC) for each Financial Year (or where there is a Review Event after 1 July, for each period "“i" ” in the Financial Year) is calculated as follows: RC  ARRxART  = where: ARR × ART + INCR NCT where: ARR is the Annual Revenue Requirement; ART is the Aggregate Reference Tonnage; NCT is the Notional Contracted Tonnage; and INCR is the sum of any relevant Increments Increment approved by the QCA in respect of prior Financial Years pursuant to Schedule 2, Part B, clause Sub-Section 4(d).

Determination of Revenue. Cap (RC) The Revenue Cap (RC) for each Financial Year (or where there is a Review Event after 1 July, for each period "i" in the Financial Year) is calculated as follows: RC  = ARRxART  + INCR NCT where: ARR is the Annual Revenue Requirement; ART is the Aggregate Reference Tonnage; NCT is the Notional Contracted Tonnage; and INCR is the sum of any relevant Increments approved by the QCA in respect of prior Financial Years pursuant to Schedule 2, Part B, clause 4(d).