Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph 69.1.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; where the published CPI figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Customer and the Supplier shall agree otherwise; if the CPI is no longer published, the Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the expiry of the period specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Call Off Contract Period; Except as set out in this paragraph 69 of this Call Off Schedule 3, neither the Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Call Off Contract.
Indexation. 14.1 The formula applicable to this paragraph 14 is: 𝑅𝑡 = 𝑅𝑡−1 ● (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.
14.2 Each of the EBMPR and TMPR (respectively defined in paragraph 4.2) and Defined Service Group Revenues shall be adjusted in respect of Periods in Relevant Year t in accordance with the formula set out in paragraph 14.1 except that in relation to the Relevant Year commencing on 1 April 2019, Rt shall have the value specified in:
(a) paragraph 4.2 in respect of the EBMPR, multiplied by the Initial Indexation Factor;
(b) in Annex C to this Part 3 of Schedule 4 in respect of TMPR, multiplied by the Initial Indexation Factor;
(c) in Annex D to this Part 3 of Schedule 4 in respect of the Defined Service Group Revenues, multiplied by the Initial Indexation Factor, and in the next following Relevant Year Rt-1 shall respectively have the same value.
14.3 Each of the SPD Cost Threshold No.1 and SPD Cost Threshold No.2 shall be adjusted in respect of Periods in Relevant Year t in accordance with the formula set out in paragraph 14.1 except that in relation to the Relevant Year commencing on 1 April 2019, Rt shall have the relevant value specified in the definition of "SPD Cost Threshold No.1", multiplied by the Initial Indexation Factor; or "SPD Cost Threshold No. 2", multiplied by the Initial Indexation Factor; as appropriate, set out in paragraph 1.1 of this Schedule 4 and in the next following Relevant Year Rt-1 shall respectively have the same value. Notification Factors A B C D E Service Group Description Service Group Code Type By D-26 By TW- 22 After TW-22 East Midlands Local EM01 All Trains 0.36 0.36 0.93 East Midlands Regional EM02 All Trains 0.36 0.36 0.93 Liverpool - Norwich EM03 All Trains 0.36 0.36 0.93 East Midlands Inter City EM04 All Trains 0.44 0.44 0.92 East Midlands Inter Urban EM05 All Trains 0.44 0.44 0.92 Annex B7th Payment Rate per train mile Service Group Description Compensation Rate Total Train Cost per Mile (Xxxxx) EM01 East Midlands Locals Other [Redacted] EM02 East Midlands Regional Other [Redacted] EM03 Liverpool - Norwich Other [Redacted] EM04 East Midlands Inter City Other [Redacted] EM05 East Midlands Inte...
Indexation. (a) a breakdown of the profit and cost components that comprise the relevant Framework Price;
(b) details of the movement in the different identified cost components of the relevant Framework Price;
(c) reasons for the movement in the different identified cost components of the relevant Framework Price;
(d) evidence that the Supplier has attempted to mitigate against the increase in the relevant cost components; and
(e) evidence that the Supplier’s profit component of the relevant Framework Price is no greater than that applying to Framework Prices using the same pricing mechanism as at the Framework Commencement Date.
8.1 No indexation increases shall be applicable to the Framework Prices.
8.1.1 Neither the Framework Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub- Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements.
Indexation. If the Monetary Contribution is not paid to the City on the date of this document then at the date of payment the Monetary Contribution must be indexed as follows: where: B is the Index Number most recently published before the date this agreement commenced in accordance with clause 3.1 of this document. If after the formula is applied the Monetary Contribution will be less than the amount stated in item 1 of clause 1 above, the Monetary Contribution will not be adjusted.
Indexation. If the Monetary Contribution is not paid to the City on the date of this document then at the date of payment the Monetary Contribution must be indexed as follows: where:
Indexation. The amount of any contribution payable under the provisions of Clause 4 of this Agreement shall be increased by an amount equivalent to the increase in the Index from the Effective Date until the date on which the respective contribution is payable
Indexation. The pricing elements set out in this Schedule 3 (Payment Mechanism) may where indicated be subject to indexation on the Indexation Review Date in accordance with this paragraph 1.3 and Schedule 1. The first Indexation Review Date will be on the anniversary of the Services Commencement Date with a subsequent Indexation Review Date annually thereafter. The Contractor shall provide clear documentary evidence of any price increases that it incurs. Staff Costs and Non-Staff Costs shall be indexed in accordance with the following indices: Staff Costs : AWE-KAC3 : Average Weekly Earnings Index, Services, seasonally adjusted, total pay; Non-Staff Costs : CPI : Consumer Price Index. These indices shall be applied to Price Components according to the Staff Indexation Percentage or the Non-Staff Indexation Percentage as set out in Schedule 1.
2. Payment mechanism The payment mechanism specifies how the Authority will pay for the services that are provided at the price agreed in the pricing mechanism. The payment mechanism will be split into 3 modules and are described in the sections below:
i) Basic payment mechanism
ii) Payment based on availability of places
iii) Payment based on performance The timeframes for invoicing and payment and when each module is applied is described in Section 3 below.
Indexation. 1. LTD Benefits: Individuals who are in receipt of LTD benefits will have their LTD benefit level indexed by the same amount that pensions are indexed.
Indexation. 12.1. Any sum referred to in paragraphs 2 to 5, 7 and 8 of Schedule 1 shall be increased by an amount equivalent to any increase in the Index from the date of this Deed until the date on which such sum is paid and if the Index has decreased the sum payable shall be the amount specified in this Deed (without any decrease).
Indexation. Unless stated otherwise in the Order Form, at the time of renewal, the per-unit pricing during any renewal term will increase by seven percent (7%) above the applicable pricing in the prior term, provided We provide You notice of the new pricing at least 60 days prior to the end of the current term. Notwithstanding anything to the contrary, any renewal in which subscription volume for any Platform subscription has decreased from the prior term will result in re-pricing at renewal without regard to the prior term’s per-unit pricing.
