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  ADJx CPI x where: ADJx is the Strike Price Adjustment (expressed in £/MWh) in any year (x); CPIbase denotes the Base Year CPI; and CPIx denotes the arithmetic mean of the monthly CPI over the year (x);
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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: 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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Related to Base Year Terms

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

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

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • 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 —

  • Terms of Reference (TOR) means the document included in the RFP as Section 5 which explains the objectives, scope of work, activities, tasks to be performed, respective responsibilities of the Client and the Consultant, and expected results and deliverables of the Assignment/job.

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • 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.