Common use of Emergency Rate Redetermination Clause in Contracts

Emergency Rate Redetermination. Forest Service shall redetermine rates if, upon Contrac- tor's application, Forest Service determines that, be- cause of changes in the timber market since the award date or the last rate redetermination under this provi- sion, the Producer Price Index identified in A20 has de- clined by 25 percent. Rates shall be redetermined un- der B3.3 and shall be considered established under B3.1 for timber Scaled subsequent to Contractor’s ap- plication. This Subsection shall not apply during Con- tract Term Extension.

Appears in 11 contracts

Samples: Integrated Resource Timber Contract, Integrated Resource Timber Contract, Integrated Resource Timber Contract

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Emergency Rate Redetermination. Forest Service shall redetermine rates if, upon Contrac- tor's application, Forest Service determines that, be- cause of changes in the timber market since the award date or the last rate redetermination under this provi- sion, the Producer Price Index identified in A20 has de- clined by 25 percent. Rates shall be redetermined un- der B3.3 and shall be considered established under B3.1 for timber Scaled subsequent to Contractor’s ap- plication. This Subsection shall not apply during Con- tract Term Extension.Extension.‌‌‌‌‌‌‌

Appears in 10 contracts

Samples: Integrated Resource Timber Contract, Integrated Resource Timber Contract, Integrated Resource Timber Contract

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