Examples of Base Fixed Charge in a sentence
For determining the Fixed Charge due and payable to the Supplier, the Base Fixed Charge shall be revised annually to reflect 20% (twenty per cent) of the variation in WPI occurring between January 31 immediately preceding the Bid Date and January 31 immediately preceding the Accounting Year for which such revision is undertaken.
The Base Fixed Charge determined in accordance with Clause 27.2.2 shall be revised annually to reflect the variation in Price Index occurring between the Reference Index Date for January of the year specified in Clause 27.2.1 and the Reference Index Date for the month of preceding January of Accounting Year for which such revision is being undertaken (the “Fixed Charge”).
For the avoidance of doubt and by way of illustration, if (a) the Bid Date occurs in March 2015; (b) the appointed date occurs in May 2019; and (c) WPI increases by 20% (twenty per cent) between January 31, 2015 and January 31, 2019, the Fixed Charge for the Accounting Year commencing from April 1, 2019 shall be 104% (one hundred and four per cent) of the Base Fixed Charge.
The Bid for the Project shall, therefore, comprise the Base Fixed Charge and the Base Variable Charge and the Bidder seeking the lowest Tariff shall be the Selected Bidder.
The Bidder seeking the lowest Tariff shall be the selected Bidder.] [(i) Lumpsum Tariff The Bidder shall quote a lumpsum tariff comprising of (a) Base Fixed Charge for the Base Year as per the provisions of clause 11.2 of the APP and (b) Base Variable Charge comprising of generating cost of electricity, the transmission charges and the transmission losses.
Based on its Bid, a lumpsum tariff shall be paid to the Supplier comprising of (a) a Base Variable Charge, and (b) a Base Fixed Charge , as per the provisions of Clause 12.3.1 of the APP.
This is expected given the gains the nurse acquires with long experience, and for the association between age and experience.
For the avoidance of doubt, the Parties agree that the Base Fixed Charge and the Base Variable Charge shall be revised in accordance with the provisions of Clauses 11.3 and 12.3.2 respectively.
For the avoidance of doubt and by way of illustration, if (a) the Bid Date occurs in March 2015; (b)the appointed date occurs in May 2019;and (c) WPI increases by 20% (twenty percent)between January 31, 2015 and January 31, 2019, the Fixed Charge for the Accounting Year commencing from April 1, 2019 shall be 104% (one hundred and four percent) of the Base Fixed Charge.
For the purposes of bidding hereunder, the Base Fixed Charge and Base Variable Charge shall constitute the tariff for the Power Station (the “Tariff”).