Economic Change Adjustment. Beginning with the start of Contract Year 2 and each anniversary of such date thereafter during the Term (the “ECA Adjustment Date”), Service Provider shall calculate and apply an adjustment to the Inflation Sensitive Charges based upon economic changes (an “Economic Change Adjustment” or “ECA”) as described in this Section 14. Service Provider’s entitlement to an ECA is conditioned upon the Service Provider providing DIR the calculation of the ECA for each Inflation Sensitive Charge sixty (60) days in advance of the ECA Adjustment Date and applying the ECA to the first Monthly Invoice for the applicable ECA Adjusted Year. DIR and Service Provider shall use the average of the six (6) months ending May unadjusted Consumer Price Index, as published in the Summary Data from the Consumer Price Index News Release by the Bureau of Labor Statistics, U.S. Department of Labor, For All Urban Consumers (the “CPI-U”), for purposes of determining the Effective Rate of Inflation. In the event the Bureau of Labor Statistics stops publishing the CPI-U or substantially changes its content and format, DIR and Service Provider shall substitute another comparable index published at least annually by a mutually agreeable source. The baseline index for purposes of calculating the ECA shall be the CPI-U for the average of the six (6) months ending May of the previous year (the “Previous Year Index”). If the Bureau of Labor Statistics merely redefines the base year for the Price Index from 1982-84 to another year, DIR and Service Provider will continue to use CPI-U, but will convert the Previous Year Index by using an appropriate conversion formula. Beginning with the start of Contract Year 2 and continuing each Contract Year thereafter for the remainder of the Term, the actual CPI-U for the average of the six
Economic Change Adjustment. IBM will calculate and apply an adjustment to the charges based upon economic changes (an ECONOMIC CHANGE ADJUSTMENT or ECA) as described below beginning in January 2001. The ECA will be payable on a prospective basis (for example, the actual inflation for December 2000 will determine the ECA for the year 2001) on the Steady State Fees and SI Services Fees payable by EMW. The ECA will be determined as soon as practicable after the end of each calendar year using the formula below (the ECA FACTOR).
Economic Change Adjustment. 6.1 [ * ]
6.2 [ * ]
6.3 The following indices are applicable to the Services provided by Vendor to ACI under the Agreement.
6.4 [ * ]
6.5 [ * ]
6.6 [ * ]
6.7 [ * ] * Represents one page of redacted text
Economic Change Adjustment. IBM will invoice Certegy for the Economic Change Adjustment in accordance with Section 3.0 of this Schedule J (Economic Change Adjustment) and will be included as a separate line item on the monthly Invoice.
Economic Change Adjustment a. IBM will calculate and apply an adjustment to the Monthly Charges based upon economic changes (an "Economic Change Adjustment or ECA") as described below beginning in January 2004. The ECA will be payable on a prospective basis (for example, the actual inflation for December 2003 will determine the ECA for the year 2004) on the ASC and ARCs minus the RRCs payable by Certegy. The ECA will be determined as soon as practicable after the end of each calendar year using the formula below {the "ECA Factor").
b. IBM will invoice Certegy for the ECA, if any, beginning in January 2004 and monthly thereafter and will be included as a separate line item on the monthly invoice.
c. Certegy and IBM agree to use the December unadjusted Consumer Price Index, as published in the Summary Data from the Consumer Price Index News Release by the Bureau of Labor Statistics, U.S. Department of Labor, For All Urban Consumers (the "Price Index"), for purposes of determining actual inflation. In the event such Price index is no longer published or its content and format is substantially changed, Certegy and IBM will substitute another comparable index published at least annually by a mutually agreeable source. If the Bureau of Labor Statistics merely redefines the base year for the Price Index from 1982-84 to another year, Certegy and IBM will continue to use the Price Index, but will convert the Base Year Index to the new base year by using an appropriate conversion formula.
Economic Change Adjustment a. IBM will calculate and apply an adjustment to the charges based upon economic changes (an Economic Change Adjustment or ECA) as described below beginning in [***]. The ECA will be payable on a [***]. The ECA will be determined as soon as practicable after the end of each calendar year using the formula below (the ECA Factor).
b. IBM will invoice WSI for the ECA, if any, beginning [***] and monthly thereafter, subject to a cap of [***] cumulative from the Base Year (for example, the cap applied for calendar year [***] is [***] measured against the Base Year Index, for calendar year [***] is [***] measured against the Base Year Index). [***]
c. WSI and IBM agree to use the December unadjusted Consumer Price Index, as published in the Summary Data from the Consumer Price Index News Release by the Bureau of Labor Statistics, U.S. Department of Labor, For All Urban Consumers (Price Index), for purposes of determining actual inflation. In the event such Price Index is no longer published or its content and format is substantially changed, WSI and IBM will substitute another comparable index published at least annually by a mutually agreeable source. [***]
Economic Change Adjustment. (ECA): Economic change adjustments will be made on an annual basis for all resources, on hourly rates. For Services performed in the United States and Canada, the adjustment will be on a fixed rate of 3% per annum. For Services performed in the United States and Canada, any other variable adjustments may be agreed by Client and the Consultant and made effective during the course of this engagement or its extensions via executed addendum.
Economic Change Adjustment. (a) Supplier will calculate and apply an adjustment to all Fees other than Asset Charges (i.e., Operational Fees and Start Up Fees) based upon economic changes (an "ECONOMIC CHANGE ADJUSTMENT" or "ECA") as described below beginning in January 2003. The ECA will be payable on a prospective basis (for example, the actual inflation for December 2002 will determine the ECA for the year 2003) on the Fees (other than Asset Charges) and ARCs payable by PacifiCare, minus the RRCs creditable to PacifiCare. The ECA will be determined as soon as practicable after the end of each calendar year using the formula below (the "ECA FACTOR").
(b) Supplier will invoice PacifiCare for the ECA, if any, beginning in January 2003 and monthly thereafter. PacifiCare and Supplier agree to use the December unadjusted Consumer Price Index (national average), as published in the Summary Data from the Consumer Price Index News Release by the Bureau of Labor Statistics, US. Department of Labor, For All Urban Consumers ("CPI-U"), for purposes of determining actual inflation. In the event the * CONFIDENTIAL TREATMENT REQUESTED
Economic Change Adjustment. The Economic Change Adjustment to account for cost of living adjustments (“ECA”) shall be as provided in Schedule C.
Economic Change Adjustment. Charges under the Master Services Agreement are subject to adjustment beginning in 2007 to account for inflation on a regional basis, using the following three regional indices: for the Americas, the Underlying inflation index (UII) for Costa Rica as published by the Central Bank of Costa Rica; for EMEA, the Private Sector Gross Average Earnings index as published by the Central Bank of Hungary (Magyar Nemzeti Bank); and for AP, the CPI as published by the Central Bank of the Philippines.
