Fixed Principles Clause Samples

The Fixed Principles clause establishes a set of non-negotiable guidelines or standards that must be adhered to throughout the duration of an agreement or project. These principles typically outline fundamental values, operational rules, or key requirements that all parties are expected to follow, regardless of changing circumstances or future negotiations. By clearly defining these unalterable points, the clause ensures consistency and alignment, preventing disputes or misunderstandings about core expectations and helping to maintain the integrity of the agreement.
Fixed Principles. Rule 99 provides for an Access Arrangement to include “fixed principles” that may extend over two or more Access Arrangement Periods. Rule 99(3) states that “A fixed principle approved before the commencement of these rules, or approved by the AER under these rules, is binding on the AER and the service provider for the period for which the principle is fixed”. For the purposes of this Access Arrangement , the following fixed principles will apply: Fixed Principle A 1 The Capital Base at the commencement of an Access Arrangement Period will be the Capital Base at the commencement of the previous Access Arrangement Period, adjusted to take account of: a changes to CPI since 1 January 2003; b depreciation; c New Facilities Investment meeting the requirements of Section 8 of the Access Code; d the sale value of assets that are disposed of in the ordinary course of business since 1 January 2002, other than a disposal of: i all or part of the Distribution System; ii assets pursuant to which the assets of the Service Provider are sold and leased back to the Service Provider; e the Capital Base will not be reduced as a result of assets forming part of the Capital Base becoming redundant; f the difference between forecast and actual capital expenditure in the year prior to the commencement of the previous Access Arrangement Period; For the opening capital base at the commencement of the seventh access arrangement this will instead be based on any differences for the period January 2022 to June 2023. g the difference between forecast and actual disposals in the year prior to the commencement of the previous Access Arrangement Period. For the opening capital base at the commencement of the seventh access arrangement this will instead be based on any differences for the period January 2022 to June 2023.
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Fixed Principles. ‌ Rule 99 provides for an Access Arrangement to include “fixed principles” that may extend over two or more Access Arrangement Periods. Rule 99(3) states that “A fixed principle approved before the commencement of these rules, or approved by the AER under these rules, is binding on the AER and the service provider for the period for which the principle is fixed”. When revisions to the Victorian Access Arrangement and the Albury Access Arrangement were approved in December 2002, the following fixed principles were approved and apply accordingly.
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Fixed Principles. Section 7 of Part B describes the Fixed Principles that are to apply to the Access Arrangement.
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Fixed Principles. The Fixed Principles applying to the Fifth Access Arrangement Period are set out in clause 8.
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Fixed Principles. In making a determination in relation to the Reference ▇▇▇▇▇▇ (or Reference Tariffs) with respect to Service Provider for the Fifth Access Arrangement Period, the AER must adopt the following Fixed Principles.
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Fixed Principles. ‌ In making a determination in relation to the Reference ▇▇▇▇▇▇ (or Reference Tariffs) with respect to Service Provider for the Fifth Access Arrangement Period, the AER must adopt the following Fixed Principles. 8.1 Carry-forward amount‌ The AER must include in the Reference Tariffs for the Fifth Access Arrangement Period: (a) an allowance for FCA (as defined in Schedule D); and (b) an allowance for SCA (as defined in Schedule D).
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Fixed Principles 
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Related to Fixed Principles

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • Funding Principles A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

  • Applicable Principles Subject to the provisions of this Agreement, the Realized Tax Benefit or Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the Actual Tax Liability of the Corporation for such Taxable Year attributable to the Basis Adjustments and Imputed Interest, as determined using a “with and without” methodology described in Section 2.4(a). Carryovers or carrybacks of any tax item attributable to any Basis Adjustment or Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations or the appropriate provisions of U.S. state and local tax law, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. If a carryover or carryback of any tax item includes a portion that is attributable to a Basis Adjustment or Imputed Interest (a “TRA Portion”) and another portion that is not (a “Non-TRA Portion”), such portions shall be considered to be used in accordance with the “with and without” methodology so that: (i) the amount of any Non-TRA Portion is deemed utilized first, followed by the amount of any TRA Portion (with the TRA Portion being applied on a proportionate basis consistent with the provisions of Section 3.3(a)); and (ii) in the case of a carryback of a Non-TRA Portion, such carryback shall not affect the original “with and without” calculation made in the prior Taxable Year. The Parties agree that, subject to the second to last sentence of Section 2.1(a), all Tax Benefit Payments attributable to an Exchange will be treated as subsequent upward purchase price adjustments that give rise to further Basis Adjustments for the Corporation beginning in the Taxable Year of payment, and as a result, such additional Basis Adjustments will be incorporated into such Taxable Year continuing for future Taxable Years until any incremental Basis Adjustment benefits with respect to a Tax Benefit Payment equals an immaterial amount.

  • Governing Principles 1. The implementation of this Memorandum of Understanding shall in all aspects be governed by the Regulation and subsequent amendments thereof. 2. The objectives of the EEA Financial Mechanism 2014-2021 shall be pursued in the framework of close co-operation between the Donor States and the Beneficiary State. The Parties agree to apply the highest degree of transparency, accountability and cost efficiency as well as the principles of good governance, partnership and multi-level governance, sustainable development, gender equality and equal opportunities in all implementation phases of the EEA Financial Mechanism 2014-2021. 3. The Beneficiary State shall take proactive steps in order to ensure adherence to these principles at all levels involved in the implementation of the EEA Financial Mechanism 2014-2021. 4. No later than 31/12/2020, the Parties to this Memorandum of Understanding shall review progress in the implementation of this Memorandum of Understanding and thereafter agree on reallocations within and between the programmes, where appropriate. The conclusion of this review shall be taken into account by the National Focal Point when submitting the proposal on the reallocation of the reserve referred to in Article 1.11 of the Regulation.