Retrospective Stepdown definition

Retrospective Stepdown means a variation of this agreement that reduces a Minimum Price for milk supplied under the agreement before the variation occurs.

Examples of Retrospective Stepdown in a sentence

  • If a reduction to the Minimum Price under that clause occurs, the reduction will not operate as a Retrospective Stepdown.

Related to Retrospective Stepdown

  • 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.

  • Input Tax Credit means the credit of input tax;

  • Generator Forced Outage means an immediate reduction in output or capacity or removal from service, in whole or in part, of a generating unit by reason of an Emergency or threatened Emergency, unanticipated failure, or other cause beyond the control of the owner or operator of the facility, as specified in the relevant portions of the PJM Manuals. A reduction in output or removal from service of a generating unit in response to changes in market conditions shall not constitute a Generator Forced Outage.

  • Medicare Levy Surcharge means an extra charge payable by high income earners beyond the standard Medicare Levy if they do not have qualifying private hospital insurance coverage. This charge is assessed as part of an individual or family’s annual tax return.