Price adjustment for Maintenance of Project Highway Sample Clauses

Price adjustment for Maintenance of Project Highway. Lump sum payment for Maintenance shall be adjusted every quarter for changes in rates and prices of various inputs in accordance with the formula given below: V = P X (WI-WO)/WO V = Increase or decrease in the quarterly lump sum payment P = Quarterly lump sum payment due to the Contractor after adjusting any reduction in payment for non compliance of the Maintenance Requirements WO = The wholesale price index (all commodities) for the month of the Base Date. WI = The wholesale price index (all commodities) for the first day of the quarter under consideration for determining the price adjustment.
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Price adjustment for Maintenance of Project Highway. Lump sum payment for Maintenance shall be adjusted every quarter for changes in rates and prices of various inputs in accordance with the formula given below: V = P X (WI-WO)/WO V = Increase or decrease in the quarterly lump sum payment P = Quarterly lump sum payment due to the Contractor after adjusting any reduction in payment for non compliance of the Maintenance Requirements WO = The consumer price index of Myanmar (all commodities) for the month of the Base Date. WI = The consumer price index of Myanmar (all commodities) for the first day of the quarter under consideration for determining the price adjustment.
Sample 1

Related to Price adjustment for Maintenance of Project Highway

  • Establishment and Maintenance of Records GRANTEE shall maintain records, including but not limited to, books, financial records, supporting documents, statistical records, personnel, property, and all other pertinent records sufficient to reflect properly:

  • Maintenance of Property The Company shall maintain, and shall cause each Subsidiary to maintain, and preserve all its property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Maintenance of Properties (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities.

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