Price variation. 2.7.1 For each Relevant Year commencing on and from 1 April 2024, the Indexed Figures A and the Indexed Figures B shall be adjusted in accordance with paragraph 2.7.2. (a) For the Relevant Year, Indexed Figures A shall be adjusted as at the applicable 1 April by multiplying them by the Adjustment Factor for the Relevant Year in question (rounded to three decimal places). For the purposes of this paragraph 2.7.2(a), the Adjustment Factor in respect of a Relevant Year shall be calculated in accordance with the following formula: π΄ππ΄π΄π’π π‘ππππ‘ πΉπππ‘ππ = 1 + (πΆππΌπ‘β1 β πΆππΌ2022) πΆππΌ2022 where: CPIt-1 means the average value of the monthly CPI figures for the 12 months up to and including the month of December immediately preceding 1 April in the Relevant Year in question; and CPI2022 means the average value of the monthly CPI figures for the 12 months up to and including the month of December 2022. (b) For the Relevant Year commencing on and from 1 April 2024, Indexed Figures B shall be adjusted as at 1 April 2024 by multiplying them by the Adjustment Factor (rounded to three decimal places). In subsequent years, the adjusted Indexed Figures B from the preceding Relevant Year shall be further adjusted as at the applicable 1 April by multiplying them by the Adjustment Factor for the Relevant Year in question (rounded to three decimal places). For the purposes of this paragraph 2.7.2(b), the Adjustment Factor in respect of a Relevant Year shall be calculated in accordance with the following formula: π΄ππ΄π΄π’π π‘ππππ‘ πΉπππ‘ππ = 1 + (πΆππΌπ‘β1βπΆππΌπ‘β2) πΆππΌπ‘β2 where: CPIt-1 has the same meaning as set out in paragraph 2.7.2(a) above; and CPIt-2 means the average value of the monthly CPI figures for the 12 months up to and including the month of December which falls 16 months before 1 April in the Relevant Year in question. (c) If this contract takes effect after 1 April 2024, the Indexed Figures A and the Indexed Figures B shall be adjusted in accordance with paragraphs 2.7.2(a) and (b) respectively as if this contract had been in effect on and from 1 April 2024. 2.7.3 The Phased in Charges Indexation Adjustment shall be derived: (a) not used; (b) in respect of any Relevant Year t commencing on or after 1 April 2024, from the following formula: = (1 + (πΆππΌπ‘β1βπΆππΌ2022) ) πΆππΌ2022
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Samples: Track Access Contract, Track Access Contract
Price variation. 2.7.1 For each Relevant Year commencing on and from 1 April 20242019, the Indexed Figures A and the Indexed Figures B shall be adjusted in accordance with paragraph 2.7.22.7.22.7.2.
(a) For the Relevant YearYear commencing on and from 1 April 2019, the Indexed Figures A shall be adjusted as at the applicable 1 April 2019 by multiplying them by the Adjustment Factor for the Relevant Year in question (rounded to three decimal places). For the purposes of this paragraph 2.7.2(a), the Adjustment Factor in respect of a Relevant Year shall be calculated in accordance with the following formula: π΄ππ΄π΄π’π π‘ππππ‘ πΉπππ‘ππ = 1 + (πΆππΌπ‘β1 β πΆππΌ2022) πΆππΌ2022 where: CPIt-1 means the average value of the monthly CPI figures for the 12 months up to and including the month of December immediately preceding 1 April in the Relevant Year in question; and CPI2022 means the average value of the monthly CPI figures for the 12 months up to and includingInitial Indexation Factor the month of December 2022.
(b) For the Relevant Year commenci2020ng on and from 1 April 2024, Indexed Figures B shall be adjusted as at 1 April 2024 by multiplying them by the Adjustment Factor (rounded toand for each three decimal pRelevant Yearlaces). In subsequent years, the adjusted Indexed Figures B from the preceding Relevant Year shall be further adjusted as at the applicable 1 April by multiplying them by the Adjustment Factor for the Relevant Year in question (rounded to three decimal places). For the purpose2.7.22.7.2(bs of this paragraph 2.7.2(b), the Adjustment Factor in respect of a Relevant Year shall be calculated in accordance with the follπ΄πππ’π π‘ππππ‘ owing formula: π΄ππ΄π΄π’π π‘ππππ‘ πΉπππ‘ππ = 1means + (πΆππΌπ‘β1βπΆππΌπ‘β2) οΏ½average value of the monthly CPI figures for the 12 months up to and including the month of December immediately preceding 1 April οΏ½ππΌπ‘β2 where: CPIt-1 hasthe Relevant Year in question the same meaning as set out in paragraph 2.7.2(a) above; and CPIt-2 means the average value of the monthly CPI figures for the 12 months up to and including the month of December which falls 16 months before 1 April in the Relevant Year in questi2019on.
(c) If this contract takes effect after 1 April 2024, the Indexed Figures A and the Indexed Figures B2.7.22.7.2(a shall be adjusted in accordance with paragraphs 2.7.2(a) and (b) respectively as if t2019his contract had been in effect on and from 1 April 2024.
2.7.3 The Phased in Chargin respect of the Relevant Year commencing on 1 April 2019, from the following formula: ππΆπΌπ΄2019 = πΌπππ‘πππ πΌππππ₯ππ‘πππ πΉπππ‘ππ where: PCIA2019 means the Phased in Charges Indexation Adjustment in respect of the Relevant Year commencing on 1 April 2019; andes Indexation Adjustment shall be derived:
(a) not used;
(b) in respect of2020 any Relevant Year t commencing on or after 1 April πΆππΌπ‘β1βπΆππΌ201820πΆππΌ2018 24, from β’ πΌπππ‘πππ πΌππππ₯ππ‘πππ πΉπππ‘ππ PCIAt means the Phased in Charges Indexation Adjustment in respect of the Relevant Year t;the following formula: = (1 + (πΆππΌπ‘β1βπΆππΌ2022) ) πΆππΌ2022
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Samples: Track Access Contract
Price variation. 2.7.1 For each Relevant Year commencing on and from 1 April 20242019, the Indexed Figures A and the Indexed Figures B shall be adjusted in accordance with paragraph 2.7.2.
(a) For the Relevant Year, Indexed Figures A shall be adjusted as at the applicable 1 April by multiplying them by the Adjustment Factor for the Relevant Year in question (rounded to three decimal places). For the purposes of this paragraph 2.7.2(a), the Adjustment Factor in respect of a Relevant Year shall be calculated in accordance with the following formula: π΄ππ΄π΄π’π π‘ππππ‘ πΉπππ‘ππ = 1 + (πΆππΌπ‘β1 β πΆππΌ2022) πΆππΌ2022 where: CPIt-1 means the average value of the monthly CPI figures for the 12 months up to and including the month of December immediately preceding 1 April in the Relevant Year in question; and CPI2022 means the average value of the monthly CPI figures for the 12 months up to and including the month of December 2022.
(b) For the Relevant Year commenci2019ngthe on and from 1 April 2024, Indexed Figures B shall be a2019 djusted as at 1 April 2024 by multiplying them by the Adjustment Factor (roundInitial Indexation Factored toFor the Relevant Year commencing on and from 1 April 2020, and for each three decimal pRelevant Yearlaces). In subsequent years, the adjusted Indexed Figures B from the preceding Relevant Year shall be further adjusted as at the applicable 1 April by multiplying them by the Adjustment Factor for the Relevant Year in question (rounded to three decimal places). For the purposes of this paragraph 2.7.2(b), the Adjustment Factor in respect of a Relevant Year shall be calculated in accordance with the following formula: π΄ππ΄π΄π’π π‘ππποΏ½οΏ½ πΉπππ‘ππ = 1means + (πΆππΌπ‘β1βπΆππΌπ‘β2) οΏ½average value of the monthly CPI figures for the 12 months up to and including the month of December immediately preceding 1 April οΏ½ππΌπ‘β2 where: CPIt-1 hasthe Relevant Year in question the same meaning as set out in paragraph 2.7.2(a) above; and CPIt-2 means the average value of the monthly CPI figures for the 12 months up to and including the month of December which falls 16 mont. hs before 1 April in the Relevant Year in questi2019on.
(c) If this contract takes effect after 1 April 2024, the Indexed Figures A and the Indexed Figures B shall be adjusted in accordance with paragraphs 2.7.2(a) and (b) respectively as if this cont2019. ract had been in effect on and from 1 April 2024.
2.7.3 The Phased in Charges In: in respect of the Relevant Year commencing on 1 April 2019, from the following formula: where: PCIA2019 means the Phased in Charges Indexation Adjustment in respect of the Relevant Year commencing on 1 April 2019; and dexation Adjustment shall be derived:
(a) not used;
(b) in respect of2020 any Relevant Year t commencing on or after 1 April 2024, from where: PCIAt means the Phased in Charges Indexation Adjustment in respect of the Relevant Year t; CPIt-1 has the same meaning as set out in paragraph 2.7.2 above; CPI2018 means the average value of the monthly CPI figures for the 12 months up to and including the month of December 2018. The value derived from this formula shall be rounded to three decimal places.the following formula: = (1 + (πΆππΌπ‘β1βπΆππΌ2022) ) πΆππΌ2022
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Samples: Track Access Contract
Price variation. 2.7.1 For each Relevant Year commencing on and from 1 April 2024, the Indexed Figures A and the Indexed Figures B shall be adjusted in accordance with paragraph 2.7.2.
(a) For the Relevant Year, Indexed Figures A shall be adjusted as at the applicable 1 April by multiplying them by the Adjustment Factor for the Relevant Year in question (rounded to three decimal places). For the purposes of this paragraph 2.7.2(a), the Adjustment Factor in respect of a Relevant Year shall be calculated in accordance with the following formula: π΄ππ΄π΄π’π π‘ππππ‘ πΉπππ‘ππ = 1 + (πΆππΌπ‘β1 β πΆππΌ2022) πΆππΌ2022 where: CPIt-1 means the average value of the monthly CPI figures for the 12 months up to and including the month of December immediately preceding 1 April in the Relevant Year in question; and CPI2022 means the average value of the monthly CPI figures for the 12 months up to and including the month of December 2022.
(b) For the Relevant Year commencing on and from 1 April 2024, Indexed Figures B shall be adjusted as at 1 April 2024 by multiplying them by the Adjustment Factor (rounded to three decimal places). In subsequent years, the adjusted Indexed Figures B from the preceding Relevant Year shall be further adjusted as at the applicable 1 April by multiplying them by the Adjustment Factor for the Relevant Year in question (rounded to three decimal places). For the purposes of this paragraph 2.7.2(b), the Adjustment Factor in respect of a Relevant Year shall be calculated in accordance w(πΆππΌπ‘β1 β πΆππΌπ‘β2) ith the following formula: π΄ππ΄π΄π’π π‘ππππ‘ πΉπππ‘ππ = 1 + (πΆππΌπ‘β1βπΆππΌπ‘β2) πΆππΌπ‘β2 where: CPIt-1 has the same meaning as set out in paragraph 2.7.2(a) above; and CPIt-2 means the average value of the monthly CPI figures for the 12 months up to and including the month of December which falls 16 months before 1 April in the Relevant Year in question.
(c) If this contract takes effect after 1 April 2024, the Indexed Figures A and the Indexed Figures B shall be adjusted in accordance with paragraphs 2.7.2(a) and (b) respectively as if this contract had been in effect on and from 1 April 2024.
2.7.3 The Phased in Not Charges Indexation Adjustment shall be derived:
(a) not used;
(b) in respect of any Relevant Year t commencinππΆπΌπ΄π‘ g on or after 1 April 2024)where: , from the following formula: = (1 + (πΆππΌπ‘β1βπΆππΌ2022) ) πΆππΌ2022
Appears in 1 contract
Samples: Track Access Contract
Price variation. 2.7.1 For each Relevant Year commencing on and from 1 April 20242019, the Indexed Figures A and the Indexed Figures B shall be adjusted in accordance with paragraph 2.7.2.
(a) For the Relevant YearYear commencing on and from 1 April 2019, the Indexed Figures A shall be adjusted as at the applicable 1 April 2019 by multiplying them by the Adjustment Factor for the Relevant Year in question (rounded to three decimal places). For the purposes of this paragraph 2.7.2(a), the Adjustment Factor in respect of a Relevant Year shall be calculated in accordance with the following formula: π΄ππ΄π΄π’π π‘ππππ‘ πΉπππ‘ππ = 1 + (πΆππΌπ‘β1 β πΆππΌ2022) πΆππΌ2022 where: CPIt-1 means the average value of the monthly CPI figures for the 12 months up to and including the month of December immediately preceding 1 April in the Relevant Year in question; and CPI2022 means the average value of the monthly CPI figures for the 12 months up to and includingInitial Indexation Factor the month of December 2022.
(b) For the Relevant Year commenci2020ng on and from 1 April 2024, Indexed Figures B shall be adjusted as at 1 April 2024 by multiplying them by the Adjustment Factor (rounded toand for each three decimal pRelevant Yearlaces). In subsequent years, the adjusted Indexed Figures B from the preceding Relevant Year shall be further adjusted as at the applicable 1 April by multiplying them by the Adjustment Factor for the Relevant Year in question (rounded to three decimal places). For the purposes of this paragraph 2.7.2(b), the Adjustment Factor in respect of a Relevant Year shall be calculated in accordance with the follπ΄ππππ’π π‘ππππ‘ owing formula: π΄ππ΄π΄π’π π‘ππππ‘ πΉπππ‘ππ = 1means + (πΆππΌπ‘β1βπΆππΌπ‘β2) οΏ½average value of the monthly CPI figures for the 12 months up to and including the month of December immediately preceding 1 April οΏ½ππΌπ‘β2 where: CPIt-1 hasthe Relevant Year in question the same meaning as set out in paragraph 2.7.2(a) above; and CPIt-2 means the average value of the monthly CPI figures for the 12 months up to and including the month of December which falls 16 months before 1 April in the Relevant Year in questi2019on.
(c) If this contract takes effect after 1 April 2024, the Indexed Figures A and the Indexed Figures B shall be adjusted in accordance with paragraphs 2.7.2(a) and (b) respectively as if t2019his contract had been in effect on and from 1 April 2024.
2.7.3 The Phased in Chargin respect of the Relevant Year commencing on 1 April 2019, from the following formula: ππΆπΌπ΄2019 = πΌπππ‘πππ πΌππππ₯ππ‘πππ πΉπππ‘ππ where: PCIA2019 means the Phased in Charges Indexation Adjustment in respect of the Relevant Year commencing on 1 April 2019; andes Indexation Adjustment shall be derived:
(a) not used;
(b) in respect of2020 any Relevant Year t commencinππΆπΌπ΄ g on or after 1 April πΆππΌπ‘β1βπΆππΌ20182024, from β’ πΌπππ‘πππ πΌππππ₯ππ‘πππ πΉπππ‘ππ πΆππΌ2018 PCIAt means the Phased in Charges Indexation Adjustment in respect of the Relevant Year t; CPIt-1 has the same meaning as set out in paragraph 2.7.2 above; CPI2018 means the average value of the monthly CPI figures for the 12 months up to and including the month of December 2018. The value derived from this formula shall be rounded to three decimal places.the following formula: = (1 + (πΆππΌπ‘β1βπΆππΌ2022) ) πΆππΌ2022
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