ADJUSTMENT OF FRAMEWORK PRICES Sample Clauses

ADJUSTMENT OF FRAMEWORK PRICES. The Framework Prices shall only be varied, where there is express agreement from the Authority to do so and in circumstances: due to a Specific Change in Law in relation to which the Parties agree that a change is required to all or part of the Framework Prices in accordance with Clause 31.3; where the Parties agree a reduction in all or part of the Framework Prices in accordance with paragraph 9.2; or where a review of the Framework Prices is requested and agreed by the Parties, in accordance with the provisions of paragraph 4 of this Framework Schedule 2. Every six (6) Months during the Term commencing from the Commencement Date, the Supplier shall assess the level of the Framework Prices to consider whether it is able to reduce them. Such assessments shall be carried out as at 1 August and 1 February in each Contract Year (each an “Assessment Date”). The Supplier shall notify the Authority within five (5) Working Days of the Assessment Date whether or not it is able to decrease all or some of the Framework Prices it shall promptly notify the Authority in writing and such reduction shall be implemented in accordance with paragraph 5. The level of any increase to the Framework Prices will be determined by the Authority alone and may not be negotiated.
AutoNDA by SimpleDocs
ADJUSTMENT OF FRAMEWORK PRICES. 5.1 The Framework Prices shall only be varied:
ADJUSTMENT OF FRAMEWORK PRICES. 3.1 The Agency may voluntarily reduce its Framework Prices at any time during the Term.
ADJUSTMENT OF FRAMEWORK PRICES. 3.1 The Supplier may voluntarily reduce its Framework Prices at any time during the Term.
ADJUSTMENT OF FRAMEWORK PRICES. 9.1 The Framework Prices shall only be varied, where there is express agreement from the Authority to do so and in circumstances:
ADJUSTMENT OF FRAMEWORK PRICES. 3.1 The Framework Prices shall only be varied due to a change in Law which impacts on the performance of the Services and in relation to which the Parties agree that a change is required to all or part of the Framework Prices.

Related to ADJUSTMENT OF FRAMEWORK PRICES

  • ADJUSTMENT OF THE FRAMEWORK PRICES 4.1 The Framework Prices shall only be varied:

  • FRAMEWORK PRICES 2.1. The Framework Prices consist of the Supplier Margins as reduced by any applicable Discounts. Subject to paragraph 2.6 below, the Supplier Margins shall not exceed the Supplier Maximum Margins.

  • REVIEW OF THE FRAMEWORK PRICES LOTS 1 – 10

  • Adjustment of the Contract Sum shall include profit. No adjustment shall be made to the extent:

  • Adjustment of Price The State shall adjust the total contract price by subtracting from the total contract price an amount determined in the following manner: The State shall cause the timber sale area subject to governmental regulation or order to be measured. The State shall calculate the percentage of the total sale area subject to the governmental regulation or order. The State shall reduce the total contract price by that calculated percentage. However, variations in species, value, costs, or other items pertaining to the affected sale area will be analyzed and included in the adjustment if deemed appropriate by the State. The State will further reduce the total contract price by the reasonable cost of unamortized roads Purchaser constructed but was unable to fully use for removing timber. A reduction in total contract price terminates all of the Purchaser's rights to purchase and remove the timber and all other interest in the affected sale area.

  • Adjustment of Funding (a) The LHIN may adjust the Funding in any of the following circumstances:

  • 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.

  • ECONOMIC PRICE ADJUSTMENT is the adjustment to the Aircraft Basic Price (Base Airframe, Engine and Special Features) as calculated pursuant to Exhibit D.

  • Adjustment of Grievance The School District and the teacher shall attempt to adjust all grievances which may arise during the course of employment of any teacher within the School District in the following manner:

  • Market Adjustments 22. Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!