Common use of Transportation Charge - Redetermination Clause in Contracts

Transportation Charge - Redetermination. ‌ (a) Determinative Factors Subject to Retroactive Charge‌ The State shall redetermine the values and amounts set forth in Tables B, C, D, E, F, and G of this contract in the year following the year in which the State commences construction of the project transportation facilities and each year thereafter in order that the Transportation Charge to the District and the components thereof may accurately reflect the increases or decreases from year to year in projected costs, outstanding reimbursable indebtedness of the State incurred to construct the project transportation facilities described in Table I of this contract, annual entitlements, estimated deliveries, project interest rate, and all other factors which are determinative of such charges. In addition, each such redetermination shall include an adjustment of the components of the Transportation Charge to be paid by the District for succeeding years which shall account for the differences, if any, between those factors used by the State in determining the amounts of such components for all preceding years and the factors as then currently known by the State. Such adjustment shall be computed by the State and paid by the District or credited to the District’s account in the manner described in (b) and (c) below.

Transportation Charge - Redetermination. ‌ (a) Determinative Factors Subject to Retroactive Charge‌ The State shall redetermine the values and amounts set forth in Tables B, C, D, E, F, and G of this contract in the year following the year in which the State commences construction of the project transportation facilities and each year thereafter in order that the Transportation Charge to the District and the components thereof may accurately reflect the increases or decreases from year to year in projected costs, outstanding reimbursable indebtedness of the State incurred to construct the project transportation facilities described in Table I of this contract, annual entitlements, estimated deliveries, project interest rate, and all other factors which are determinative of such charges. In addition, each such redetermination shall include an adjustment of the components of the Transportation Charge to be paid by the District for succeeding years which shall account for the differences, if any, between those factors used by the State in determining the amounts of such components for all preceding years and the factors as then currently known by the State. Such adjustment shall be computed by the State and paid by the District or credited to the District’s account in the manner described in (b) and (c) below.

Transportation Charge - Redetermination. ‌ (a) Determinative Factors Subject to Retroactive Charge‌ ‌ The State shall redetermine the values and amounts set forth in Tables B, C, D, E, F, F and G of this contract in the year following the year in which the State commences construction of the project transportation facilities and each year thereafter in order that the Transportation Charge to the District Agency and the components thereof may accurately reflect the increases or decreases from year to year in projected costs, outstanding reimbursable indebtedness of the State incurred to construct the project transportation facilities described in Table I of this contract, contract annual entitlements, estimated deliveries, project interest rate, and all other factors which are determinative of such charges. In addition, each such redetermination shall include an adjustment of the components of the Transportation Charge to be paid by the District Agency for succeeding years which shall account for the differences, if any, between those factors projections of costs used by the State in determining the amounts of such said components for all preceding years and the factors as then currently known actual costs incurred by the StateState during such years. Such adjustment Upon each such redetermination, appropriately revised copies of Tables B, C, D, E, F and G shall be computed prepared by the State and paid by the District or credited attached to the District’s account in the manner described in (b) and (c) belowthis contract as amendments of those tables.