Baseline Adjustment definition

Baseline Adjustment. The Monthly Resource Baseline for which a variance exists between (a) the Monthly Resource Baseline shown on Attachment 4-D (Resource Baselines) for such Resource Unit Category and (b) the DIR Customers’ actual usage of Resource Units in respect of such Resource Unit Category as of the Commencement Date, the original projected Monthly Resource Baseline for each Contract Year shall be increased or decreased (as applicable) in the aggregate (i.e. preserving the original trends over time of increase or decrease in consumption) by the amount of such variance. For clarification, if a Resource Unit Category was originally projected to have volume changes over the Term, then the baseline adjustment due to True-Up should preserve those projected variations.
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Baseline Adjustment means an adjustment to either the Baseline Consumption or Contract Baseline Consumption models that may be described in a Thermal Services Agreement associated with a Material Change. Baseline Adjustments, if applicable, will be established by a Project SPE, and agreed to by the State, in accordance with the methodology established by the International Performance Measurement and Verification Protocol for Non-Routine Baseline Adjustments.
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Baseline Adjustment means a change to the Baseline Models necessitated by a Baseline Adjustment Event.
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Examples of Baseline Adjustment in a sentence

  • In the event of disagreement as to whether an event constitutes a Baseline Adjustment Event, the opinion of the IESO shall govern.

  • The Baseline Adjustment Ratio is the total number of NOX allowances in the Baseline Allowance Pool divided by the total number of NOX allowances calculated for baseline NOX Budget units for a control period prior to any adjustments.

  • During the thirty (30) days after BREP delivers its analysis of any Material Change Adjustment and any Baseline Adjustments in connection with a Material Change, the Parties will meet to attempt to arrive at an agreement as to the proposed Material Change Adjustment or Baseline Adjustment pursuant to the provisions of Section 5.2.3. Any disputes regarding a proposed Material Change Adjustment or Baseline Adjustment will be resolved pursuant to ARTICLE 14 of the CEA.

  • If there are no New NOX Budget Units for which allocations must be calculated, the Alternate Baseline Adjustment Ratio is the total number of tons of NOX emissions in the State trading program budget divided by the total number of NOX allowances calculated for baseline and replacement NOX Budget units for a control period prior to any adjustments.

  • All changes to the Baseline are initiated using a Baseline Adjustment Request (BAR) or a Baseline Change Proposal (BCP) depending on the level of change.

  • During the Trial Period of the Program (April 1 – June 30, 2102), Operating Units may request further information about or seek an adjustment of their baseline by following the procedure outlined in the attached Baseline Adjustment Process Memorandum dated April 1, 2012.

  • As part of this procedure, a new, second dataset should be created and submitted as the basis for derivation of the Baseline Model.Guidelines:Typically, a Baseline Adjustment will represent a known change in electricity consumption starting on a specific date or covering a specific period.It is recommended that a Baseline Adjustment be expressed in terms of an hourly or daily profile, depending on how data is aggregated for purposes of deriving the Baseline Model.

  • Charges and credits with respect to the acceleration, delay or cancellation of such upgrades and/or refresh are handled by the charging/credit and pricing adjustment processes set forth in this Agreement, Annual Services Charge adjustments, the Transaction Document and its Schedules (e.g., Baseline Adjustment, ARCs, RRCs, New Services, benchmarking, etc.).

  • Charges and credits with respect to the acceleration, delay or cancellation of such upgrades and/or refresh are handled by the charging/credit and pricing adjustment processes set forth in this Agreement, Annual Services' Charge adjustments, the Transaction Document and its Schedules (e.g., Baseline Adjustment, ARCs, RRCs, New Services, benchmarking, etc.).

  • The Baseline Adjustment Ratio is the total number of TR SO2 Group 2 in the Baseline Allowance Pool, divided by the total number of TR SO2 Group 2 allowances calculated for Baseline TR SO2 Group 2 units for a control period prior to any adjustments.


More Definitions of Baseline Adjustment

Baseline Adjustment means a change to the Baseline Energy Model necessitated by a Baseline Adjustment Event.
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Baseline Adjustment shall have the meaning ascribed in Clause 6.7.
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Baseline Adjustment means a change made to a specific Baseline for an Individual Service Element.
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Baseline Adjustment means an adjustment to the Baseline Model necessitated in the circumstances described in Section 5.2, or in accordance with the M&V Guide.
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Related to Baseline Adjustment

  • Lot line adjustment means the relocation of the property boundary line in a

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Spread Adjustment means 100 basis points.

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • SOFR Adjustment means 0.10% (10 basis points).

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Value Adjustments means cash lending revenues and other revenues on collateral in respect of a Series of ETP Securities.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Credit Adjustment shall have the meaning specified in Section 3.02.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Adjusted Value as used in subdivision (d) means:

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Baseline means the “Initial Small Business Lending Baseline” set forth on the Initial Supplemental Report (as defined in the Definitive Agreement), subject to adjustment pursuant to Section 3(a).

  • Cost of Living Adjustment or “COLA” means a percentage-based general wage increase adjustment provided in accordance with this memorandum of agreement. COLA is an upward adjustment applied to and folded into all wage rates. The "annualized average of BC CPI over twelve months” (AABC CPI) means the Latest 12-month Average Index % Change reported by BC Stats in March for British Columbia for the twelve months starting at the beginning of March in the preceding year and concluding at the end of the following February. The “Latest 12-month Average Index”, as defined by BC Stats, is a 12-month moving average of the BC consumer price indexes of the most recent 12 months. This figure is calculated by averaging index levels over the applicable 12 months. The Latest 12-month Average Index % Change is reported publicly by BC Stats in the monthly BC Stats Consumer Price Index Highlights report. The BC Stats Consumer Price Index Highlights report released in mid-March will contain the applicable figure for the 12 months concluding at the end of February. The percentage change reported by BC Stats that will form the basis for determining any COLA increase is calculated to one decimal point. For reference purposes only, the annualized average of BC CPI over 12 months from March 1, 2021 to February 28, 2022 was 3.4%.