Downtime and Shutdown Adjustments Sample Clauses

Downtime and Shutdown Adjustments. All adjustments or deductions due to Downtime, Shutdown or other causes as provided for in Clause 9.2 or elsewhere in this Charter shall be charged or credited by Owner to Charterer on the invoice for the first (1st) month which occurs following the month in which the Downtime or Shutdown occurred. All such invoices shall state, in reasonable detail, the cause and duration of all such Downtime or Shutdown. Charterer may offset against any Hire Rate due, any and all (a) liquidated damages due under Clause 3.5(ii), subject to the provisions of Clause 3.5(iii), (b) disputed compensation amounts (provided it complies with the 5-Day notice provision in Clause 10.1(i)(e) above), (c) Downtime, Shutdown or Force Majeure deductions, and (d) amounts, if any, due by Owner to Charterer under the terms of this Charter and not paid by Owner to Charterer within thirty (30) Days after their due date, unless such reduced amounts in (c) and (d) above of this sub-clause (ii) are already reflected as a discount on Owner’s invoices.
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Related to Downtime and Shutdown Adjustments

  • Escalation Adjustments The base airframe and special features price will be escalated according to the applicable airframe and engine manufacturer escalation provisions contained in Exhibit D of the Agreement. Buyer agrees that the engine escalation provisions will be adjusted if they are changed by the engine manufacturer prior to signing the Option Aircraft Supplemental Agreement. In such case, the then-current engine escalation provisions in effect at the time of execution of the Option Aircraft Supplemental Agreement will be incorporated into such agreement.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Downward Adjustments The Purchase Price shall be adjusted downward by the following:

  • Anti-Dilution Adjustments For all purposes of this Section 3.10, the number of shares of Class A Common Stock and the corresponding number of Common Units shall be determined after giving effect to all anti-dilution or similar adjustments that are applicable, as of the date of exercise or vesting, to the option, warrant, restricted stock or other equity interest that is being exercised or becomes vested under the applicable Stock Option Plan or other Equity Plan and applicable award or grant documentation.

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

  • Share Adjustments If the Company's outstanding shares of Common Stock are increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any recapitalization, reclassification, stock split, combination of shares, stock dividend, or transaction having similar effect, the Board shall proportionately and appropriately adjust the number and kind of shares that are subject to this Option and the Exercise Price Per Share, without any change in the aggregate price to be paid therefor upon exercise of this Option.

  • Upward Adjustments The Purchase Price shall be adjusted upward by the following:

  • Margin Adjustments Adjustments to the Applicable Margins and the Applicable Fee Percentages, based on Schedule 1.1, shall be implemented on a quarterly basis as follows:

  • Mechanical Adjustments The number of Warrant Shares purchasable upon the exercise of each Warrant and the Warrant Price shall be subject to adjustment as follows:

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