Extension Rates and Terms Sample Clauses

Extension Rates and Terms. All prices for the Initial Term shall remain fixed in accordance with the pricing stated in Exhibit B. After the completion of the Initial Term, Contractor may request a price increase for any applicable Extension Term. This request must be in writing and submitted to the Contract Administrator at least ninety (90) days prior to the start of the next Extension Term, accompanied by documentation to substantiate the need for the price increase. The Contract Administrator, in its sole discretion, will determine if the requested adjustment is in the best interest of the County. Any approved price adjustment (increased or decreased, as applicable) will be consistent with the Miami-Ft. Lauderdale Consumer Price Index for all Urban Consumers (“CPI-U”). The Contract Administrator may also initiate a price increase or decrease consistent with the CPI-U. The increase or decrease in CPI shall be calculated as follows: the difference of the CPI current period less the CPI previous period, divided by the CPI previous period, times 100. The CPI current period shall mean the most recent published monthly index prior to contract anniversary. The CPI previous period shall mean for the same month of the prior year. All CPI indices shall be obtained from the U.S. Department of Labor table for Consumer Price Index - All Urban Consumers for Miami-Fort Lauderdale-West Palm Beach, All Items (1982- 84=100), not seasonally adjusted, as promulgated by the Bureau of Legal Statistics of the U.S. Department of Labor, as amended or replaced by the agency or, if no such index shall be published, such similar index reasonably designated by County. The contract price adjustment for any year shall not exceed a maximum change of three percent (3%). Hourly rate prices, terms, and conditions included in Exhibit B-1, Pricing for Non-Covered Planned Services, are not eligible for the price adjustment described above. However, ninety (90) days prior to the start of the next Extension Term, the parties may negotiate the terms for Services described in Exhibit B-1, Pricing for Non-Covered Planned Services, for that Extension Term. The starting point for this negotiation will be the current published Contractor rates at the time multiplied by a 0.85 multiplier (a 15% discount). The negotiated hourly rates for any Extension Term shall be adjusted according to the parties' negotiation. Written notification will be sent to Contractor by the Contract Administrator of the decision to accept or decline a...

Extension Rates and Terms. For any extension beyond the Initial Term, ▇▇▇▇▇▇▇▇▇▇ shall be compensated at the rates in effect when the extension was invoked by the HFA. ▇▇▇▇▇▇▇▇▇▇ shall continue to provide the Services upon the same terms and conditions as set forth in this Agreement for such extended period, subject to the increase in monthly fees set forth in Section 5.5, if applicable.

Extension Rates and Terms. For any extension beyond the Initial Term, ▇▇▇▇▇▇▇▇ shall be compensated at the rates set forth in Exhibit ▇. ▇▇▇▇▇▇▇▇ shall‌ continue to provide the Services upon the same terms and conditions as set forth in this Agreement for such extended period.‌

Extension Rates and Terms. For any extension beyond the Initial Term, Consultant shall be compensated at the rates in effect when the extension was invoked by County, unless otherwise expressly stated in Exhibit B. Consultant shall continue to provide the Services upon the same terms and conditions as set forth in this Agreement for such extended period.

Extension Rates and Terms. For any extension beyond the Initial Term, Third Party Administrator shall be compensated at the rates in effect when the extension was invoked by County, unless otherwise expressly stated in Exhibit B. Third Party Administrator shall continue to provide the Services upon the same terms and conditions as set forth in this Agreement for such extended period.

Extension Rates and Terms. All prices, terms, and conditions for the initial Agreement term shall remain fixed in accordance with the price sheet in Exhibit B. One Hundred Twenty (120) days prior to expiration of the initial Agreement term and each renewal period, if any, Contractor may request a price adjustment up to the maximum rate reflected in the change in the Employment Cost Index (“ECI”) as defined below. County Purchasing Director, in his or her sole discretion, will determine if the requested adjustment is in the best interest of County, based upon current market conditions and information regarding similar services in the area. The adjusted Agreement unit prices shall be determined as follows: multiply the maximum percentage adjustment approved by County Purchasing Director (increase or decrease) and accepted by Contractor by the total labor cost (seventy (70%) percent of the Agreement unit prices) to determine the adjusted labor cost component of the Agreement unit prices; add the resulting labor component to the non-labor component (thirty (30%) percent of the initial term unit prices) to determine the adjusted renewal term unit prices to be used for the renewal period.