Adjustment Formula

2.1  Failures to comply with PS2 Performance Target A during any Month shall lead to Adjustments to the Monthly Payment in accordance with the following formula:

Adjustment

=

MUC x 0.2 x M

Where:

 

 

MUC

=

the Monthly Unitary Charge for the relevant Month;

M

=

the factor from PS2 Table 1.

PS2 Table 1

% of Lighting Points In Light during the Lighting Up Periods

M

> 99% and ≤ 100%

Nil

> 98.5% and ≤ 99%

0.110

> 98 and ≤ 98.5%

0.150

> 97.5% and ≤ 98%

0.200

> 97% and ≤ 97.5%

0.310

> 96.5% and ≤ 97%

0.420

> 96% and ≤ 96.5%

0.625

> 95.5% and ≤ 96%

0.875

> 95% and ≤ 95.5%

1.200

> 93% and ≤ 95%

2.000

≤ 93%

2 and a Service Provider Default Event pursuant to clause 42.2(l)(i) (Service Provider Default) of the Contract