Reporting Period Adjustments Sample Clauses
The Reporting Period Adjustments clause defines how and when the timeframes for financial or operational reporting under an agreement can be modified. Typically, this clause allows the parties to change the start or end dates of reporting periods in response to specific events, such as changes in fiscal year or regulatory requirements. Its core function is to provide flexibility and ensure that reporting obligations remain relevant and aligned with the parties' actual business practices or external requirements.
Reporting Period Adjustments. 4.1 The reported Direct Material Cost for a Reporting Period and the reported Subcontracted Maintenance Material Cost for a Reporting Period will be revised to values expressed in the Base Year by multiplying such costs by the ratio of the average of the values of the Material Index published for the twelve months of the Base Year to the average of the values for the Material Index published during twelve months of the applicable Reporting Period.
4.2 The reported Direct Labor Cost for a Reporting Period and the reported Subcontracted Maintenance Labor Cost for a Reporting Period will be revised (i) by multiplying the reported Direct Labor Cost by the ratio of the Labor Rate specified in the operational assumptions to the Customer’s then-current Labor Rate and (ii) by multiplying the reported Subcontracted Maintenance Labor Cost by the ratio of the Subcontracted Maintenance Labor Rate specified in the operational assumptions to the Subcontracted Maintenance Labor Rate as reported.
Reporting Period Adjustments. The reported […***…] for a Reporting Period and the reported […***…] for a Reporting Period will be revised to values expressed in the […***…] published for the […***…] to the […***…] published during […***…] of the applicable Reporting Period.