Common use of Adjustment of Charges Clause in Contracts

Adjustment of Charges. 8.1. Unless specified in the Schedule as being at a fixed rate, the Monthly Charge shall be adjusted annually in line with latest issued CPI figures on the anniversary of the Commencement Date. For each rise of one full point or part thereof in the CPI, the cost per month will be increased accordingly to take account of the additional costs of complying with the Agreement. Notwithstanding the charges in the Schedule being referred to as a fixed rate, where there is an increase of more than 5% in the CPI in any one contract year, the Monthly Charge shall be increased in line with the CPI.

Appears in 5 contracts

Samples: Repair and Maintenance Agreement, www.scania.com, Repair and Maintenance Agreement

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