Common use of Quarterly Payment Adjustment Clause in Contracts

Quarterly Payment Adjustment. The Quarterly Payment Adjustment (QPA) for any Quarter q for the period after the Substantial Completion Date shall be calculated as follows: QPAq, y = QUAq, y + QNAq, y + QMPAEq, y Where: QPAq,y = Quarterly Payment Adjustment for Quarter q in Fiscal Year y QUAq,y = Quarterly Unavailability Adjustment for Quarter q in Fiscal Year y QNAq,y = Quarterly O&M Noncompliance Adjustment for Quarter q in Fiscal Year y QMPAEq,y = Quarterly Milestone Payment Adjustment Excess in Quarter q of Fiscal Year y

Quarterly Payment Adjustment. The Quarterly Payment Adjustment (QPA) for any Quarter q for the period after the Substantial Completion Final Acceptance Date shall be calculated as follows: QPAq, y = QUAq, y + QNAq, y + QMPAEq, y Where: QPAq,y = Quarterly Payment Adjustment for Quarter q in Fiscal Year y QUAq,y = Quarterly Unavailability Adjustment for Quarter q in Fiscal Year y QNAq,y = Quarterly O&M Noncompliance Adjustment for Quarter q in Fiscal Year y QMPAEq,y = Quarterly Milestone Payment Adjustment Excess in Quarter q of Fiscal Year y