Base Year Terms definition

Base Year Terms means, for any Strike Price Adjustment initially expressed in a price period (x), with (x) being a calendar year other than the Base Year, the Strike Price Adjustment in respect of the Base Year (ADJbase), calculated in accordance with the following formula: ADJ base = ADJx × CPIbase CPI x where: ADJx CPIbase CPIx is the Strike Price Adjustment (expressed in £/MWh) in any year (x); denotes the Base Year CPI; and denotes the arithmetic mean of the monthly CPI over the year (x);
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Base Year Terms means, for any Strike Price Adjustment initially expressed in a price period (x), with (x) being a calendar year other than the Base Year, the Strike Price Adjustment in respect of the Base Year 𝐴𝐷𝐽𝑏𝑎𝑠𝑒 , calculated in accordance with the following formula:
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Base Year Terms means, for any Strike Price Adjustment initially expressed in a price period (x), with (x) being a calendar year other than the Base Year, the Strike Price Adjustment in respect of the Base Year (ADJbase), calculated in accordance with the following formula: ADJ base = ADJχ · CPIbase CPI where: ADJχ is the Strike Price Adjustment (expressed in £/MWh) in any year (x); CPIbase denotes the Base Year CPI; and CPIχ denotes the CPI that was actually used in calculating the relevant Strike Price Adjustment, and, in each case, for the avoidance of doubt, taking into account any rebasing of the relevant index;
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Examples of Base Year Terms in a sentence

  • For the purposes of calculating the Indexation Adjustment, any Strike Price Adjustments which are not expressed in Base Year Terms must be ‘deflated’.

  • The calculation is based on the following formula1: It should be noted that for the purposes of this calculation, both the Initial Strike Price and the Strike Price Adjustments are expressed in Base Year Terms which, in the case of Strike Price Adjustments, may require a further calculation (this is explained in more detail below).


More Definitions of Base Year Terms

Base Year Terms means, for any Strike Price Adjustment initially expressed in a price period (x), with (x) being a calendar year other than the Base Year, the Strike Price Adjustment in respect of the Base Year (ADJbase), calculated in accordance with the following formula: where: is the Strike Price Adjustment (expressed in £/MWh) in any year (x); denotes the Base Year CPI; and denotes the arithmetic mean of the monthly CPI over the year (x);
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Related to Base Year Terms

  • Base Year means the period set forth in Section 5 of the Summary.

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “Floating Interest Period”, timing and frequency of determining Three-Month Term SOFR with respect to each Floating Interest Period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Company decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Company decides that adoption of any portion of such market practice is not administratively feasible or if the Company determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Company determines is reasonably necessary).

  • Terms of Reference (TORs) means the Terms of Reference that explains the objectives, scope of work, activities, and tasks to be performed, respective responsibilities of the Procuring Entity and the Consultant, and expected results and deliverables of the assignment.

  • Year 1 means the year next following the export date and “year” followed immediately by any other numeral has a corresponding meaning; reference in this Agreement to an Act shall include the amendments to such Act for the time being in force and also any Act passed in substitution therefor or in lieu thereof and the regulations for the time being in force thereunder; power given under any clause of this Agreement other than clause 17 hereof to extend any period or date shall be without prejudice to the power of the Minister under the said clause 17; marginal notes shall not affect the interpretation or construction hereof; the phases in which it is contemplated that this Agreement will operate are as follows —

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.