ADJUSTMENT CLAUSE. If, before the Options are fully exercised, the number of shares in the Company is altered through (i) an amendment of the number of shares without amendments in the Company’s share capital (for instance by share split or merger of shares), or (ii) issuance of new shares based on a share capital increase by fund issue, or (iii) reduction of the share capital by redemption of shares without distribution to the shareholders, the number of Option Shares shall be adjusted (increase or decrease) accordingly. Other additions or reductions to the share capital, including, but not limited to changes to the share capital through issuance of new shares, mergers, demergers or share capital reductions shall not affect the number of Option Shares granted under this Agreement.
ADJUSTMENT CLAUSE. At the option of the Lessor, consideration MAY be given to Lessee for services provided to Lessor. This consideration could result in reduced lease payment(s), and written notice of same will be given to Lessee in advance of the next lease payment due date. If no notice is given, lease payments are as outlined above. *Address of Lessee is to be the location of leased equipment, in accordance with Paragraph Five of LEASE AGREEMENT. **Subject to terms outlined in Paragraph 20 of LEASE AGREEMENT. ___________________ ___________________ (Initial) (Date) DELIVERY AND ACCEPTANCE RECEIPT LEASE NUMBER:_______________ DATE:____________________ SCHEDULE NUMBER:___________ LESSOR: ____________________________________________ LESSEE: ____________________________________________ In accordance with Paragraph Three (3) of the above-referenced EQUIPMENT LEASE, delivery and installation of the leased equipment is hereby accepted. SIGNED at Germantown, Wisconsin this _____ day of __________________, 199____. LESSEE:_______________________ By:___________________________ (Signature)
ADJUSTMENT CLAUSE. The amount of the base rent provided in Article 4 of the special conditions is linked to the consumer price index (health) as published monthly by the Ministry of Economic Affairs. On each anniversary date of the entry into effect of the lease contract, the rent will be proportionately adjusted automatically, based on the base index mentioned in Article 5 of the special conditions, according to this formula: ADAPTED RENT = BASE RENT X NEW INDEX BASE INDEX in which the new index is the one of the month preceding the anniversary of the effective date of the lease contract. Consequently, the modification of the index will automatically cause, without notice, a proportional adjustment of the rent, with the understanding that it will never fall below the last rent index ongoing on the adjustment date. It is expressly agreed that any waiver by Landlord of the increases resulting from this article may be established only by written recognition. As long as the provisions of Royal Decree of December 24, 1993 remain in force, both the base index and the new index will be replaced by the so-called “Health” index. If the calculation base of the official consumer price index is modified or the index is eliminated, the parties expressly agree that the amount of the rent will be the linked to the conversion rate published in the Moniteur Belge, or to any system replacing such index to serve as basis for the payment of State agents, but will never be lower than the last rent payable calculated according to the preceding method of the calculation of the index. In the absence of such a calculation system of the index for any reason whatsoever, Landlord will have the right to increase the rent in connection with the increase in the cost of living. The parties will do everything possible to agree on the use of a replacement formula. In the absence of agreement, the parties agree to submit any dispute concerning the replacement formula and the adjustment of the rent to arbitration as provided in Article 21 of these general conditions.
ADJUSTMENT CLAUSE. The respective share to be paid by each Party shall be based on the actual Total Cost incurred in rendering the Shared IT Services. For the purpose hereof, “Total Cost” shall mean the sum of: - Gross personnel expenses including personnel total target compensation and benefits (e.g., social security) - Related travel and entertainment expenses - Infrastructure cost adder for rent, facility services, infrastructure and IT based on local average adders of the entity providing services - Overhead cost adder for management and other overhead functions based on average adder of the entity providing services - External expenses related to respective Services - Depreciation and amortization of assets that are related to the Shared IT Services.
ADJUSTMENT CLAUSE. The Parties commit themselves to entering into negotiations regarding the adjustment of the Exhibit 4 –Shared IT Services Catalogue, in particular concerning the Volume Indicators, noted in Exhibit 4 –Shared IT Services Catalogue, in case the contractual basis has changed significantly. Once a year, typically during the annual budget planning (Apr – Jul) but latest till September 30 of each year, the Parties shall review and mutually agree on the individual Shared IT Services, the Volume Indicators and, the planned consumption volume applicable from October 1 until September 30 of the following year.
ADJUSTMENT CLAUSE. Should the present designated space to be cleaned be altered so as to increase or decrease the difficulty or the time requirement for performing these services, or should the space be reduced or expanded, the compensation set forth in Paragraph 4, above, shall be adjusted by mutual agreement of the parties. Any adjustment pursuant to this paragraph 7, or any other modification or amendment to the SERVICE AGREEMENT, shall be reduced to writing and signed by both parties, provided that a written invoice for additional services submitted by CONTRACTOR and approved by SETA shall be deemed to be a writing for purposes of this provision. Any such adjustment, modification or amendment not in writing shall be of no force and effect.
ADJUSTMENT CLAUSE. (1) In consideration of the special range of offers of a private school and in order to maintain the necessary degree of economic planning dependability, it may be required, in the event of general increases in prices and costs, to make an adjustment in the contractually fixed all-day school or boarding school fees. In such cases the Max-Rill-Gymnasium is entitled to require an increase in the fees without having to disclose its calculation basis in detail. In the event that price increases render an adjustment in fees unavoidable, this adjustment will take place on 1 September of the year and will be communicated to the contractual partners at the latest prior to the expiration of the statutory period of notice (cf. §16). If the contract is not terminated within the time limit, the new fees will become the terms of the contract in place of the former fees. A right to extraordinary notice of termination on the basis of such an adjustment in the fees does not exist.
ADJUSTMENT CLAUSE. 16.01 Should the Local Union require to adjust the amounts for welfare, pension and training for members of the Local Union, the Employer shall comply, provided such adjustments do not create a hardship for the member and the total wage package remain the same. 15 XxXxxxx Construction Inc.
ADJUSTMENT CLAUSE. It is expressly agreed that the rent pertaining to this present lease shall be readjusted in case this present lease is renewed for a period of three years. Such rent shall be tied, without discount or exemption, to the official construction cost index published by INSEE, and GUERBET S.A. shall not be required expressly to make a request to such effect. The reference indices shall be those of the last civil quarter preceding the effective date of this present lease and the last civil quarter preceding the revision date. FEES All expenses [and] fees of this present instrument shall be borne by the lessee. Each party shall assume its own attorney fees. Issued in PARIS On April 29, 1998 In three copies One copy for registration FOR GUERBET S.A. FOR BIOSPHERE MEDICAL Signature [ILLEGIBLE] Signature [ILLEGIBLE] [ONE ILLEGIBLE LINE] Our reference 106 Tax N(o) 844590 Account N(o) 20136L HYPOTHEQUES ERMONT December 11, 1991 Provision: 148628 U.O.N(o) 12.305 [RECEIVED STAMP: LARGELY ILLEGIBLE] OCTOBER 28, 1991 LEASE-TO-BUY AGREEMENT By UIS for the benefit of GUERBET S.A. ALLEZ & ASSOCIES, NOTARIES A company owning a Notary's Office 00, xxxxxx Xxxxxx-V - 75008 Paris Phone (0) 00 00 00 00 - Fax (0) 00 00 00 00 FISCAL STAMP PAID Authorization N(o) 1/78 of February 15, 1979 [OFFICIAL STAMP - LARGELY ILLEGIBLE] In nineteen hundred and ninety-one, on the twenty-eight day of October, signed by the notary on the same date, in Paris (8th Arrondissement), 25 Avenue Xxxxxx V, Mr. Xxxx-Xxxxxx GUEROULT, Associate Notary with the Civil Professional Company by the name of "ALLEZ & ASSOCIES, NOTARIES", owner of a Notary's Office in Paris (8th Arrondissement), 25 Avenue Xxxxxx V, has authenticated this present instrument at the request of the parties identified below:
ADJUSTMENT CLAUSE. A stipulation of this contract may be or become invalid, if it is replaced by an agreement that approximates the original purpose. All other stipulations of the contract are valid. In accordance with the stipulation in the article “Adjustment clause” (effective period) of the Terms and Conditions, MAYACERT will adjust this contract with immediate effect, if this adjustment was imposed on MAYACERT by the competent authorities.
