Target Revenue escalation Sample Clauses

Target Revenue escalation. The Tariffs will be updated annually from start of construction (being the year in which the CapEx and OpEx estimates are finalised in accordance with paragraph (c) of Clause 1.4 above), based on an escalation of the Target Revenue at the start of each calendar year to protect its real value as calculated under the following formula: 𝑇𝑅 = 𝑇𝑅 ∙ 𝐷𝑡 ∙ [𝛼 ∙ (40% ∙ 𝑃𝐼𝑡−1 + 60%) + 𝛽 ∙ 𝑊𝑃𝐼𝑡−1] with: 𝑡 𝑡−1 𝐷𝑡−1 𝑃𝐼𝑡−2 𝑊𝑃𝐼𝑡−2 TRt Target Revenue in calendar year t; 𝑇𝑅𝑡−1 Target Revenue in the calendar year t-1; Dt Number of days in calendar year t; Dt-1 Number of days in calendar year t-1;