Uplift. Uplift is the amount which, when compounded Quarterly, is equal to the average for the business days of the Quarter of the annual yield on long-term United States Treasury Bonds (thirty-year (30) bonds) plus an annual margin of eleven (11) percentage points.
Uplift. On each anniversary of the Initial Term, in consultation with the Client, the Talent and Andela, the Fees in the applicable SOW may increase to account for Talent performance and annual market adjustments.
Uplift. The vertical distance by which the Overhead Contact System is raised during the passage of a Pantograph.
Uplift. Uplift is the amount, when compounded quarterly, which is equal to the average for the business Days of the Quarter of the annual yield on long-term United States Treasury Bonds (thirty-year (30) bonds), plus an annual margin of nine (9) percentage points. Uplift shall apply to Exploration, Appraisal and Capital Costs only and not to Operating Costs. In the event Contractor withholds any taxes on behalf of its subcontractors, namely in respect of taxes on goods and services or employees’ wages income tax, Contractor shall only be allowed to recover the base tax as Recoverable Costs with no Uplift.
Uplift. Discharge Traffic
Uplift. Exploration costs, in respect of the Contract Area, are those costs which relate to the Exploration incurred in accordance with an approved annual Exploration and Appraisal Work Programmes and Budget. They include for the purposes of accounting the evaluation operations in respect of a Discovery.
Uplift. An accounting mechanism employed by DISTRIBUTOR to approximate the costs for the following elements in intracorporate transfers between DISTRIBUTOR and its international Affiliates, as consistently applied pursuant to DISTRIBUTOR's internal accounting procedures: Shipment/freight Differential insurance Differential in higher discounts Import duty Tax differentials Quote validity extension Currency hedging Other differentials to standard terms and conditions
Uplift. The amount stated in the schedule under the heading of sum insured following the application of the agreed percentage uplift to the declared value stated in the schedule.
Uplift. If one of the parties is in breach of their obligations under the Agreement, and this is not due to circumstances for which the other party is responsible, then the defaulting Party must be notified in writing of the breach and given a correction period of 14 days. The defaulting party may demand in writing to extend the correction deadline if it can be documented that rectification is not possible by the deadline. However, the correction deadline cannot be longer than 30 days after the default has been notified in writing. ITX Norway's breach exists, among other things, if the service is unavailable continuously for a week from the Customer has notified ITX Norway, provided that the downtime is due to conditions that are ITX Norway's responsibility. If rectification is not made within the time limit, the other party may terminate the Agreement with immediate effect. In the event of material breach, the agreement may be terminated with immediate effect. As a material breach on the part of the Customer, it is considered, among other things, that the Customer does not pay due remuneration within 7 days after the invoice is due from ITX Norway, that the Customer makes changes to the Equipment or that the Customer misuses the service. ITX Norway may also terminate the agreement if the Customer defaults on other services provided by ITX Norway and / or Service Providers. If ITX Norway cancels the Agreement due to the Customer's default on payment, the Customer is obliged immediately to fulfill all obligations to ITX Norway. Furthermore, the Customer is obliged to pay all losses ITX Norway has incurred as a result of the breach, including legal costs and expenses for any collection of the Equipment.
Uplift. The Uplift rate is the amount that, when composed quarterly, is equal to the average of the annual yield on US long-term government bonds [government bonds 30 (thirty) years], calculated based on the Business Days of the Quarter, plus an annual margin of 9 (nine) percentage points. The Uplift rate applies exclusively to Research Costs, Valuation Costs and Capital Costs, not being applicable to Operational costs. In cases where the Contractor is responsible for withholding tax (RF), on account of the possible fiscal responsibility of its subcontractors, namely on any taxes on goods and services or on the income of natural persons (in relation to workers), the Contractor will only be able to recover the basic tax as a part of Recoverable Costs, without any Uplift. Clause 2.7 Miscellaneous Income Sub-line (viii) of line a) is eliminated. Clause 2.8 Non-Eligible Costs […]
