Contract Term Adjustment Sample Clauses

Contract Term Adjustment. “Contract Term Adjustment” means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:
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Contract Term Adjustment. “Contract Term Adjustment” means adjustment only as provided for in the three circumstances described in this Subsec- tion. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph
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Contract Term Adjustment. I.2.1.2 MARKET-RELATED CONTRACT TERM ADDITION
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Contract Term Adjustment. (07/2016) “Contract Term Adjustment” (CTA) means adjustment only as provided for in the three circumstances described in this subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more normal operating seasons equal to the actual time lost, except as limited by paragraph (2) in this subsection. To qualify for such adjustment, contractor shall give written notice of the lost time not later than 30 days after the end of the normal operating season in which time was lost and at least 10 days before termination date. Contracting officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days the Forest Service considers as qualifying for the adjustment. Lost parts of days shall be disregarded in computing time lost. The three circumstances qualifying for a CTA are:
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Contract Term Adjustment. The Primary Term of the Contract shall automatically be extended by the period(s) of time that (i) the Repair Rate, Standby Rate or other applicable rate is zero (0) or (ii) 50% of the Operating Rate is applicable as provided in this Drilling Contract. For those periods that 50% of the Operating Rate is applicable, the time extended will be 50% of such period (for example, if the 50% Operating Rate applied for a particular two (2) day period, the time extended would be one (1) day). All such repair and accrued extension periods will be reported by Contractor in conjunction with submission of its invoices in accord with Section 4.1.
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Contract Term Adjustment. This sale is in urgent need of harvesting. It would be in the bidder's best interest to make their own volume estimate and bid accordingly. It is also recommended that the Purchaser begin harvesting this sale as soon as possible to minimize volume loss. In order to facilitate the harvest of the high risk timber on this sale, contract term adjustments may be granted to the Purchaser on other green sales they might have on the Chequamegon-Nicolet National Forest. A showing of impact on these sales is a prerequisite to granting an adjustment and the number of days granted would depend on a case-by-case review and would reflect the time lost logging on this sale AT2 VOLUME ESTIMATION AND UTILIZATION STANDARDS Volume estimates were made from timber cruising that occurred between January 31 and February 21of 2014. Hardwood Sawtimber volume estimates are the result of two slightly different cruising specifications for Hardwood Sawtimber: Eight foot sections cruised as Hardwood Sawtimber products with a small end DIB (Diameter Inside Bark) between 9.6" and 11.5" had a net scale in percent of gross scale of at least 95% (i.e. were considered to be at least 95% sound). Eight foot sections cruised as Hardwood Sawtimber products with a small end DIB over 11.5" had a net scale in percent of gross scale of at least 50%. Estimated sawtimber volumes can be converted to estimated MBF volumes by multiplying by 0.54; estimated pulpwood volumes can be converted to estimated MBF volumes by multiplying by 0.633. AT6 HIGH STUMPS Maximum Xxxxx Heights shall be no more the 12 inches, measured from the high side of the xxxxx. AT12 TERMINATION DATE Termination Date is set for June 30th 2017 AT13 NORMAL OPERATING SEASON Normal Operating Season is January 01 to December 31. AT17 MARKET RELATED CONTRACT TERM ADDITION PRODUCER PRICE INDEX The Producer Price Index is the Soft Wood Lumber Index. This index was established to reflect expected marketing of a majority of the products on this sale. Purchaser may request, prior to contract execution, the use of a different available index (Wood Chips Index or Hardwood Lumber Index) through a written request justifying why the change is being requested. This request will be forwarded to, and considered by, the Forest Supervisor for approval. If agreed upon, the change will become part of the executed contract. The index may not be changed once the contract has been executed.
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Contract Term Adjustment. (07/2016)
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Contract Term Adjustment. Contract Term Adjustment" means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in BTS.O-OTHER CONDITIONS one or more Normal Operating Seasons equal to the BTS.1 Title and Liability. actual time lost, except as limited by paragraph (b) in this
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Contract Term Adjustment. A Contract Term Adjustment may be considered based on actual time lost through unforeseeable causes beyond the control and without fault or negligence of the Contractor, including, but not restricted to, acts of the State, closures by government regulatory agencies, mill closures, fires, vandals, and unusually severe weather conditions, provided that the Contractor shall, within seven (7) calendar days of the initiation of such delay, notify the State, in writing, of the cause of delay, upon which notification the State shall ascertain the facts and extent of the delay and notify the Contractor in writing of its decision regarding contract adjustment.
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Related to Contract Term Adjustment

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the investment advisory fees waived or reduced and other payments remitted by the Adviser to the Fund or Funds with respect to the previous fiscal year shall equal the Excess Amount.

  • Royalty Adjustments The following adjustments will be made, on a Product-by-Product and country-by-country basis, to the royalties payable pursuant to Section 3.5.1:

  • 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

  • Section 754 Adjustment To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or Regulations Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Holder in complete liquidation of his interest in the Partnership, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Holders in accordance with their interests in the Partnership in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Holders to whom such distribution was made in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Form of Warrant after Adjustments The form of this Warrant need not be changed because of any adjustments in the Warrant Price or the number and kind of Securities purchasable upon the exercise of this Warrant.

  • Section 754 Adjustments To the extent an adjustment to the adjusted tax basis of any Company asset, pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Unit Holder in complete liquidation of such Unit Holder’s interest in the Company, the amount of such adjustment to Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Unit Holders in accordance with their interests in the Company in the event Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Unit Holder to whom such distribution was made in the event Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

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