Common use of Payment Adjustments Clause in Contracts

Payment Adjustments. The Payment is subject to Payment Adjustments on the basis set out in Schedule 18 (Technical Requirements) and as summarized in Schedule 15 (Payment Adjustments Summary), applied at the times and in the manner set out in Schedule 15. In the event of any inconsistency between the criteria for and descriptions of the Payment Adjustments set out in Schedule 18 and the summaries of such criteria and such descriptions included in Schedule 15, the more detailed provisions of Schedule 18 shall govern. All Payment Adjustments except for the Traffic Volume Adjustment (which is based on a percentage of the O&M Payment exclusive of the Major Rehabilitation Payment) shall be subject to annual indexing for inflation in the manner and at the times set out in Schedule 10 (Index Factor).

Payment Adjustments. The Payment is subject to Payment Adjustments on the basis set out in Schedule 18 (Technical Requirements) and as summarized in Schedule 15 (Payment Adjustments Summary), applied at the times and in the manner set out in Schedule 1518. In the event of any inconsistency between the criteria for and descriptions of the Payment Adjustments set out in Schedule 18 and the summaries of such criteria and such descriptions included in Schedule 15, the more detailed provisions of Schedule 18 shall govern. All Payment Adjustments except for the Traffic Volume Adjustment (which is based on a percentage of the O&M Payment exclusive of the Major Rehabilitation Payment) shall be subject to annual indexing for inflation in the manner and at the times set out in Schedule 10 (Index Factor).