Hong Kong Ordinances

WESTERN HARBOUR CROSSING ORDINANCE - SECT 42

Definitions

PART X

ACCOUNTS AND TOLL INCREASES

In this Part, unless the context otherwise requires-

"anticipated toll increase" (預期隧道費加費) is a toll increase which
the Company expects to be eligible to give effect to pursuant to
section 45(1);

"maximum estimated net revenue" (最高估計淨收入) in relation to any
year means the amount specified in column 4 of Schedule 5 as the
maximum estimated  net revenue as regards that year;

"minimum estimated net revenue" (最低估計淨收入) in relation to any
year means the amount specified in column 2 of Schedule 5 as the
minimum estimated  net revenue as regards that year;

"net revenue" (淨收入) in relation to any year means the amount ascertained
as the net revenue of the Company for that year in accordance with the
principles specified in the project agreement for the computation of net 
revenue;

"specified date" (指明日期) in relation to an anticipated toll increase
means a date specified in Schedule 4;

"upper estimated net revenue" (較高估計淨收入) in relation to any year
means the amount specified in column 3 of Schedule 5 as the
upper estimated net  revenue as regards that year;

"year" (年度) means-

   (a)  if the operating date is-

        (i)    1 August; or

        (ii)   30 September; or

        (iii)  a date between 1 August and 30 September, in 1997 or any
               subsequent calendar year, the period beginning on such
               operating date and ending on 31 July and each period of 12
               months beginning on 1 August thereafter; or

   (b)  if the operating date is-

        (i)    before 1 August; or

        (ii)   after 30 September, in 1997 or any subsequent calendar year,
               the period of 12 months beginning on 1 August next following
               such operating date and each period of 12 months beginning on 1
               August thereafter. (Enacted 1993)

"anticipated toll increase" (預期隧道費加費)

"maximum estimated net revenue" (最高估計淨收入)

"minimum estimated net revenue" (最低估計淨收入)

"net revenue" (淨收入)

"specified date" (指明日期)

"upper estimated net revenue" (較高估計淨收入)

"year" (年度)