Adjustment for Change in Law Costs Sample Clauses

Adjustment for Change in Law Costs. The Tipping Rate for each Operating Year shall be adjusted by an amount per Ton (“Change in Law Rate”) representing an allocation of the capital and non-capital costs, fees and expenses incurred by the COMPANY during such Operating Year in responding to and complying with a Change in Law (“Change in Law Costs”) as described in Article One. The Change in Law Rate for each Operating Year shall be determined by dividing the Change in Law Costs for that Operating Year by the number of Tons of Waste that the Company accepts during such Operating Year (See example below for further detail). The Parties also agree the Change in Law Rate portion of the Tipping Rate shall not be subject to the CPI Adjustment. If it appears there will be Change in Law Costs, COMPANY will make a good faith estimate of the Change in Law Rate as of the first day of each calendar quarter during each Operating Year (the “Quarterly Estimated Change in Law Rate"). The Tipping Rate used for weekly invoices during each such calendar quarter will be the sum of the otherwise applicable Tipping Rate and such Quarterly Estimated Change in Law Rate determined for such calendar quarter. COMPANY shall perform an annual reconciliation (including appropriate credits or charges to SACO) after the end of each Operating Year to determine the actual Change in Law Rate per Ton payable by SACO for such Operating Year. Amounts due on reconciliation (i) to COMPANY shall be paid within thirty (30) days after the later of SACO's receipt of the statement therefor or (ii) to SACO shall be paid or credited on a dollar-for-dollar basis against Tipping Fees otherwise payable by SACO hereunder within thirty (30) days after SACO’s receipt of the statement. EXAMPLE: if the Change in Law Costs for an Operating Year are $100,000 and the number of Tons of Waste accepted by the COMPANY during the Operating Year is 275,000 Tons, the Change in Law Rate would be 36.4 cents per Ton ($100,000 ÷ 275,000 Tons). If SACO’s Tipping Rate is $19.00 per Ton, the Tipping Rate would be adjusted to be $19.364 per Ton. On 10,000 Tons for the Operating Year, the Tipping Rate adjusted would add $3,640 to SACO’s Tipping Fee for the Operating Year in question. This result can also be reached by dividing SACO’s Tons in any Operating Year (10,000 in this example) by the total Tons of Waste for the Operating Year accepted in the Operating Year (275,000 in this example) and multiplying the resulting percentage (3.64%) by the Change in Law Costs (...
Sample 1
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Related to Adjustment for Change in Law Costs

  • Relief for Change in Law 12.2.1 The aggrieved Party shall be required to approach the Appropriate Commission for seeking approval of Change in Law.

  • Change in Law If any Change in Law shall:

  • Workforce Adjustment (a) The Parties recognize that workforce adjustment may be necessary due to the elimination of positions resulting from a reduction in the amount of work required to be done by the Commission, reorganization or program termination.

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • Equitable Adjustment Trading volume amounts, price/volume amounts and similar figures in the Transaction Documents shall be equitably adjusted (but without duplication) to offset the effect of stock splits, similar events and as otherwise described in this Agreement and Warrants.

  • Structural Adjustment 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 may be taken by the Parties in the form of increased customs duties.

  • Adjustment events In the event the General Partner (i) declares or pays a dividend on any Class of its outstanding REIT Shares in REIT Shares or makes a distribution to all holders of any Class of its outstanding REIT Shares in REIT Shares, (ii) subdivides any Class of its outstanding REIT Shares, or (iii) combines any Class of its outstanding REIT Shares into a smaller number of REIT Shares with respect to any Class of REIT Shares, then a corresponding adjustment to the number of outstanding Partnership Units of the applicable Class necessary to maintain the proportionate relationship between the number of outstanding Partnership Units of such Class to the number of outstanding REIT Shares of such Class shall automatically be made. Additionally, in the event that any other entity shall become General Partner pursuant to any merger, consolidation or combination of the General Partner with or into another entity (the “Successor Entity”), the number of outstanding Partnership Units of each Class shall be adjusted by multiplying such number by the number of shares of the Successor Entity into which one REIT Share of such Class is converted pursuant to such merger, consolidation or combination, determined as of the date of such merger, consolidation or combination. Any adjustment to the number of outstanding Partnership Units of any Class shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event; provided, however, that if the General Partner receives a Notice of Redemption after the record date, but prior to the effective date of such dividend, distribution, subdivision or combination, or such merger, consolidation or combination, the number of outstanding Partnership Units of any Class shall be determined as if the General Partner had received the Notice of Redemption immediately prior to the record date for such dividend, distribution, subdivision or combination or such merger, consolidation or combination. If the General Partner takes any other action affecting the REIT Shares other than actions specifically described above and, in the opinion of the General Partner such action would require an adjustment to the number of Partnership Units to maintain the proportionate relationship between the number of outstanding Partnership Units to the number of outstanding REIT Shares, the General Partner shall have the right to make such adjustment to the number of Partnership Units, to the extent permitted by law, in such manner and at such time as the General Partner, in its sole discretion, may determine to be appropriate under the circumstances.

  • Invalidity; Change in Laws In the event that the inclusion of property as Economic Development Property or any other issue is unclear under this Fee Agreement, the County hereby expresses its intention that the interpretation of this Fee Agreement shall be in a manner that provides for the broadest inclusion of property under the terms of this Fee Agreement and the maximum incentive permissible under the FILOT Act, to the extent not inconsistent with any of the explicit terms hereof. If any provision of this Fee Agreement is declared illegal, invalid, or unenforceable for any reason, the remaining provisions hereof shall be unimpaired, and such illegal, invalid, or unenforceable provision shall be reformed to effectuate most closely the legal, valid, and enforceable intent thereof and so as to afford the Company and any Sponsor Affiliates with the maximum benefits to be derived herefrom, it being the intention of the County to offer the Company and any Sponsor Affiliates the strongest inducement possible, within the provisions of the FILOT Act, to locate the Project in the County. In case a change in the FILOT Act or South Carolina laws eliminates or reduces any of the restrictions or limitations applicable to the Company and any Sponsor Affiliates and the FILOT incentive, the parties agree that the County will give expedient and full consideration to reformation of this Fee Agreement, and, if the County Council so decides, to provide the Company and any Sponsor Affiliates with the benefits of such change in the FILOT Act or South Carolina laws.

  • CPI Adjustment In this Agreement, “CPI-Adjusted” in reference to an amount means that amount is adjusted under the following formula: N  C  (1 CPIn  CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

  • Fee Adjustments The fixed fees and other fees expressed as stated dollar amounts in this Schedule C and in this Agreement are subject to annual increases, commencing on the one-year anniversary date of the date of this Agreement, in an amount equal to the percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter,” or a similar index should such index no longer be published, since such one-year anniversary or since the date of the last fee increase, as applicable. SCHEDULE D SPECIAL DISTRIBUTION SERVICES AND FEES Services Fees

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