Escalation Procedure. Tentative Rates for those species and products listed in AT.4.1 are subject to quar- terly escalation in accordance with the following procedures: The calendar quarter index average for each price index described in AT.5 is the arithmetic average of the three such monthly price indices preceding January 1, April 1, July 1, and October 1. The difference between calendar quarter index average and Base Index listed in AT.4.1 shall be the basis for quarterly escalation. To arrive at Current Contract Rates for Payment Units Released for Cutting during the preceding calendar quarter, Tentative Rates for each species shall be reduced or increased by such difference, ex- cept when the calendar quarter index average is:
Appears in 9 contracts
Samples: National Forest Timber, www.fs.usda.gov, www.fs.usda.gov
