Common use of Features Not Automatically Adjusting Clause in Contracts

Features Not Automatically Adjusting. It is the intent of the Parties that the values and data specified in Exhibits VII, VIII, IX and X shall not be subject to automatic adjustment and may be changed only by filing revised sheets as a rate change under the Federal Power Act. The Parties contemplate that a revised Exhibit VIII will be filed annually at the end of each calendar year to specify the projected average monthly peak demands for the succeeding calendar year, but that if the projected demands are not available before commencement of the calendar year to which they apply, they may be filed as soon in that calendar year as feasible, with a request, in which all Parties shall concur, that they be made effective as of the first day of the calendar year.

Features Not Automatically Adjusting. It is the intent of the Parties that the values and data specified in Exhibits VII, VIII, IX IX, X and X XI shall not be subject to automatic adjustment and may be changed only by filing revised sheets as a rate change under the Federal Power Act. The Parties contemplate that a revised Exhibit VIII will be filed annually at the end of each calendar year to specify the projected average monthly peak demands for the succeeding calendar year, but that if the projected demands are not available before the commencement of the calendar year to which they apply, they may be filed as soon in that calendar year as feasible, with a request, in which all Parties each Party shall concur, that they be made effective as of the first day of the calendar year.

Features Not Automatically Adjusting. It is the intent of the Parties that the values and data specified in Exhibits VII, VIII, IX IX, and X shall not be subject to automatic adjustment and may be changed only by filing revised sheets as a rate change under the Federal Power Act. The Parties contemplate that a revised Exhibit VIII will be filed annually at the end of each calendar year to specify the projected average monthly peak demands for the succeeding calendar year, but that if the projected demands are not available before the commencement of the calendar year to which they apply, they may be filed as soon in that calendar year as feasible, with a request, in which all Parties each Party shall concur, that they be made effective as of the first day of the calendar year.