Common use of MEETING THE TARGET Clause in Contracts

MEETING THE TARGET. 6.1 A target unit meets its target for the purpose of Rule 5 if it meets or exceeds the percentage improvement in energy efficiency or carbon efficiency from the base year set out in Schedule 6 to the underlying agreement. 6.2 The Administrator must determine whether the target has been met in accordance with the principles, methodologies and procedures set out in the technical annex. 6.3 An Operator must notify the Administrator on or before 31st January in the year following the end of a target period of any circumstances which may give rise to an adjustment to the target for the previous target period, as set out in the technical annex. 6.4 If an Operator makes a notification under Rule 6.3, the Administrator may adjust the previous target in accordance with the principles, methodologies and calculations set out in the technical annex and must serve a notice on the Operator, setting out: 6.4.1 whether or not it had decided to vary the target; and 6.4.2 any revised target (as varied) for the target unit.

MEETING THE TARGET. 6.1 A target unit meets its target for the purpose of Rule 5 if it meets or exceeds the percentage improvement in energy efficiency or carbon efficiency from the base year set out in Schedule 6 to the underlying agreement. 6.2 The Administrator must determine whether the target has been met in accordance with the principles, methodologies and procedures set out in the technical annex. 6.3 An Operator must notify the Administrator on or before 31st 31 January in the year following the end of a target period of any circumstances which may give rise to an adjustment to the target for the previous target period, as set out in the technical annex. 6.4 If an Operator makes a notification under Rule 6.3, the Administrator may adjust the previous target in accordance with the principles, methodologies and calculations set out in the technical annex and must serve a notice on the Operator, setting out: 6.4.1 whether or not it had decided to vary the target; and 6.4.2 any revised target (as varied) for the target unit.

MEETING THE TARGET. 6.1 A target unit meets its target for the purpose of Rule 5 if it meets or exceeds the percentage improvement in energy efficiency or carbon efficiency from the base year set out in Schedule 6 to the underlying agreement. 6.2 The Administrator must determine whether the target has been met in accordance with the principles, methodologies and procedures set out in the technical annexguidance. 6.3 An Operator must notify the Administrator on or before 31st January in the year following the end of a target period of any circumstances which may give rise to an adjustment to the target for the previous target period, as set out in the technical annexguidance. 6.4 If an Operator makes a notification under Rule 6.3, the Administrator may adjust the previous target in accordance with the principles, methodologies and calculations set out in the technical annex guidance and must serve a notice on the Operator, setting out: 6.4.1 whether or not it had decided to vary the target; and 6.4.2 any revised target (as varied) for the target unit.