Escalation of Rates. All of the rates of payment set out in this Agreement will remain fixed for a period of one (1) year from the commencement of day rate operations on the first well under this Agreement, however such rates and payments for a well on which day rate operations have commenced prior to the above anniversary date will not be subject to adjustment until the completion of that well.
Escalation of Rates. The Port and the Contractor acknowledge that the billing rates provided in the Schedule of Fees reflect the rates for 2020. The Contractor may escalate these 2020 billing rates based only on the annual percentage change of the Consumer Price Index (CPI) for the San Francisco Bay Area for Urban Wage Earners and Clerical Workers. The Contractor should request an escalation of the billing rates no later than thirty (30) days before the annual anniversary of the award of the contract. Any requests for escalation of billing rates should include evidence of the change in the CPI for the San Francisco Bay Area for Urban Wage Earners and Clerical Workers. Failure to request an escalation of the rates no later than thirty (30) days as required or to provide evidence of the basis of the request may result in a denial of the request. The Port will review all requests for escalation of billing rates within thirty (30) days of receipt and notify the Contractor of either an approval or denial. If approved, the new rates will become effective on the anniversary date of the contract or later. In no event will the start of the new billing rates be backdated unless it can be shown that there was a delay on the Part of the Port in reviewing the request for escalation of rates.
Escalation of Rates. Gatherer shall review the Compression Fee every three years, and if Gatherer determines that costs have increased from the amounts previously used, Gatherer shall have the right to increase the applicable Compression Fee based on increases in its costs. Gatherer and Owner shall review the increases and will come to a mutually agreeable fee.
