Fuel Adjustment. The parties acknowledge that it is difficult to project the future cost of fuel during the Term of this Agreement. Accordingly, the parties agree to adjust the hourly rate to reflect an increase or decrease in the cost of fuel as calculated below and in accordance with Exhibit A hereto. Each month Corporate Air shall prepare a Fuel Purchase Summary, a sample of which is attached as part of Exhibit A. This report will identify the Combined Average Cost of Fuel per Gallon (hereinafter CACFG) during the previous month. The average cost includes fuel purchased and reflects the underlying cost of the product, any flowage fee, and federal excise taxes by Corporate Air. The parties agree to track the change in the CACFG during the term of the Agreement beginning on February 1, 2012. The agreed upon CACFG as of the Commencement Date is $3.76 and thereafter shall be adjusted in accordance with the calculation provided on Exhibit A. In the event the CACFG as reflected in the most current Fuel Purchase Summary increases or decreases by at least $1.00 per gallon, then the parties agree to adjust the hourly rate effective the 1st day of the month subsequent to the month covered by the Fuel Purchase Summary in accordance with Exhibit A. The adjustment will be calculated based on a fuel consumption rate of 500 gallons per hour multiplied by the increase or decrease in the CACFG as illustrated Exhibit A. Corporate Air shall also provide Dick’s Sporting Goods the detail of any calculation of the Fuel Purchase Summary it reasonably requests.
Fuel Adjustment. If the average retail cost of diesel fuel increases by more than 50% based on the average Town price on the Effective Date, the Parties shall negotiate in good faith to make a pro rata adjustment to the Annual Fee.
1. Check and complete one: I, , am a sole proprietor doing business as OR I, , am the sole owner/member/shareholder of , a [specify type of entity – i.e., corporation, limited liability company], that does not currently employ any individuals. Should I employ any individuals during the term of my Agreement with the Town, I certify that I will comply with the lawful presence verification requirements outlined in that Agreement.
Fuel Adjustment. The Fuel Adjustment shall be based on the price index by the DOE. Adjustment shall be based on the most recently available price for Diesel Fuel (cents per Gallon), U.S. Upon approval by Town Council, the annual rate adjustment shall not exceed five percent (5.00%) per year. If an annual rate adjustment is approved by Council, the Inflat ion Adjustment shall equal eighty- five percent (85.00%) and the Fuel Adjustment shall equal fifteen percent (15.00%) of the Annual Rate Adjustment.
Fuel Adjustment. The Fuel Adjustment for Month n (FAn) is determined as follows: FAn = ( BFV𝑛 x (BFP − FC𝑛 ) ) x (FIMn – 1) 𝑁𝑀 Where: BFVn = the Bid Fuel Volume in which Month n occurs;
Fuel Adjustment. Price changes for fuel use relative to the provision of all Services will be calculated using a base rate of Three Dollars and Fifty Cents ($3.50) per gallon. The Town shall compensate Xxxxxxx in an amount equal to the difference between Three Dollars and Fifty Cents ($3.50) per gallon and the increased cost of fuel, times the number of gallons used per collection day. The amount of the fuel used shall be calculated using a rolling daily average of the prior three months. The Contractor must submit documentation of fuel costs with each monthly invoice to be reimbursed. No Fuel Surcharge shall be charged to the Town if the cost of fuel remains at or below Three Dollars and Fifty Cents ($3.50) per gallon over such rolling daily average over any applicable prior three month period. Casella shall submit an invoice to the Town by the10th day of the month following the month Services were provided. All invoices shall be due and payable on a strict net thirty (30) days from date of invoice. Interest shall accrue on all past due invoices at the rate of one and one-half percent (1.5%) per month.
Fuel Adjustment. If the average retail cost of diesel fuel increases by more than 50% based on the average Town price on the Effective Date, the Parties shall negotiate in good faith to make a pro rata adjustment to the compensation set forth in Section 1.
Fuel Adjustment. In addition to any other amounts payable under this Agreement, Shipper shall furnish to Transporter an amount equal to [omitted - confidential] of Gas received at the Receipt Point(s) for fuel use for transportation.
Fuel Adjustment. Customer shall pay a fuel surcharge, if applicable, in accordance with the chart set forth below. The base fuel price is $ *** per gallon. The "weekly retail on highway diesel" national average fuel price will be monitored using the EIA weekly report, which can be accessed at xxxx://xxxxx.xxx.xxx.xxx/oog/info/wohdp/diesel.asp. An adjustment to the fuel surcharge will be made based on a monthly review (the "Review Period") of the diesel fuel price. The surcharge shall be based on the average diesel fuel price from the preceding 4-week period (5-weeks in one month per quarter) (the "Indexed Fuel Price"), and implemented at the beginning of each calendar month. The fuel surcharge may be increased or decreased according to the chart set forth below. Adjustments will be applied or removed as of each Review Period. *** Portions of this page have been omitted pursuant to a request for Confidential Treatment filed separately with the Commission. * ** ***
Fuel Adjustment. A fuel surcharge schedule shall be in place as follows. Should diesel fuel rise to between $1.450 and higher per liter, 4% will be added to the hourly rate for the truck. Should the cost of diesel fuel fall below $0.725 per liter, a 2% reduction of the hourly rate for the truck will be charged. Rates per liter will be based on Town of Devon Fleet Fuel Account and calculated quarterly as an average of the 3 months prior. Rate changes must be discussed and therefore subject to preapproval of the Town prior to applying charges.
Fuel Adjustment. 1. Contract prices are based on the price of diesel fuel on April 17, 2023 per the US DOE New England PADD 1A: $4.540. The Contractor’s percentage of the collection cost associated with transportation fuel is 10.4%. A fuel charge and fuel credit will be based on this percentage only.
2. The fuel formula is (average monthly fuel price - base fuel price)/base price = % increase/decrease in fuel cost (A). Monthly collection cost (D)* % for transportation fuel = base fuel cost per month (B). Base fuel cost per month (B) + % change = monthly fuel charge/credit (C). Monthly fuel charge/credit (C) is added to monthly collection cost (D). B + A = monthly adjusted fuel cost (C) C + D = adjusted monthly collection cost
