Revision of Fee. 27.2.1 The Parties hereto acknowledge and agree that subject to and in accordance with the Fee Notification, the Fee specified therein as applicable on COD (the “Base Fee”) shall be revised annually on April 1 in accordance with the provisions of the Fee Notification; provided, however, that such revision shall not be effected until a period of 6 (six) months has elapsed from the date of the immediately preceding determination of Fee hereunder. For the avoidance of doubt, it is agreed that revision on account of variation in WPI shall be restricted to [60% (sixty per cent)] of the variation in WPI occurring between January 31 immediately preceding the date of this Agreement and January 31 of the year of revision hereunder.
Revision of Fee. 27.2.1 The Parties hereto acknowledge and agree that the Fee shall be revised annually on April 1 in accordance with the provisions of the Fee Rules; provided, however, that such revision shall not be effected until a period of 6 (six) months has elapsed from COD.
Revision of Fee. The Parties hereto acknowledge and agree that the Fee shall be revised annually on April 1 of the respective years subject to and in accordance with the provisions of the Fee Notification.
Revision of Fee. 27.2.1 The Parties hereto acknowledge and agree that in accordance with the Fee Schedule, the Fee specified therein as applicable on the Bid Date (the “Base Fee”) shall be revised annually on April 1 in accordance with the provisions of the Fee Schedule.
27.2.2 The Concessionaire may at any time after the 7th (seventh) anniversary of the Appointed Date review the Fee and modify it to adjust for any significant and unforeseen event if such event has caused a material effect on the operation of the Port; provided that such review shall not be undertaken more than once in a period of 1 (one) year.
Revision of Fee. 27.2.1 The Parties hereto acknowledge and agree that the Fee shall be revised annually on April 1 in accordance with the provisions of the Fee Rules; provided, however, that such revision shall not be effected until a period of 6 (six) months has elapsed from COD. For the avoidance of doubt, it is agreed that revision on account of variation in WPI shall be restricted to 40% (forty per cent) of the variation in WPI to be determined in accordance with the Fee Rules. Notwithstanding anything contained herein, the statutory provisions of the National Highways Fee (Determination of Rates and Collections) Rules 2008 (the “Fee Notification”) shall govern any revision of fee so undertaken.
Revision of Fee. We reserve the right to revise the Fee from time to time. We will give you adequate notice prior to the revised Fee coming into effect. If you do not agree to the revised Fee, you may terminate the Terms by sending us a notice as per Clause 14.6, failing which you will be deemed to have agreed to the revised Fee.
Revision of Fee. 27.2.1 The Parties hereto acknowledge and agree that the Fee shall be revised annually on April 1 in accordance with the provisions of the Fee Rules; provided, however, that such revision shall not be effected until a period of 6 (six) months has elapsed from COD. For the avoidance of doubt, it is agreed that revision on account of variation in WPI shall be restricted to 40% (forty per cent) of the variation in WPI to be determined in accordance with the Fee Rules. Notwithstanding anything contained herein, the statutory provisions of the Fee Rules shall govern any revision of fee so undertaken.
27.2.2 Deleted
27.2.3 The Concessionaire hereby acknowledges and agrees that it is not entitled to any revision of Fee or other relief from the Authority or any Government Instrumentality except in accordance with the express provisions of this Agreement.
Revision of Fee. The Operator may, in its discretion, revise the Service Charges and Other Charges from time to time in the form and manner as it may deem fit to suitably reflect variation in the market condition.
Revision of Fee. 22.5.1 The Parties agree that the Fee shall be revised every 6 (six) months on the basis of CPIIW and WPI in accordance with the terms of this Agreement (“Fee Revision”).
22.5.2 The Parties agree that in the Operator shall be entitled to a revision in the PK Fee, to reflect the variation in CPIIW and WPI occurring between the Base Index Date and the Reference Index Date for the relevant Year (the “Indexed Price”).
22.5.3 In the event that the CPIIW and WPI varies by more than 4% (four percent) between the Reference Index Date for any Year and the last date preceding any month of that Year, the Indexed Price shall be revised to reflect such variation at the commencement of that month, and such Indexed Price shall be the PK Fee until its revision for the following month or Year, as the case may be, in accordance with the provisions of this Clause 22.5.3.
22.5.4 The Parties agree that the formula for revision of fee shall be:
(a) For the 1st revision after COD: Indexed Fee = Fee * [1 + (0.2 * CPI IW) + (0.6 * 0.4 * WPI)]
(b) For subsequent revisions: Indexed Fee = Fee * [1 + (0.2 * CPI IW) + (0.6 * 0.4 * WPI)] *-Electricity charges paid by Authority, hence deleted electricity consumption variation in the formula.
22.5.5 Notwithstanding the provisions of Clause 22.5, the Parties agree that the Operator shall be entitled to a revision in Fee in accordance with this Clause 22.5on actual CPIIW and WPI variation with in a period of 6 (six) months from the Fee Revision Date in accordance with clause 22.5.1.
22.5.6 The Parties agree that the Fee shall stand revised pursuant to any amendment in accordance with this Clause 22.5 and shall become the base Fee payable to the Operator under this Agreement. For the avoidance of doubt, it is clarified that in the event of any dispute or difference in calculation of the consumption of electricity or the CPIIW and WPI hereunder, the Dispute Resolution Procedure shall apply.
22.5.7 The parties agree that the penalty amounts payable by Operators for default under various clauses and Schedule-Zof this Agreement shall be recovered from the fee payable as per Article 22.
