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. The Fuel Adjustment shall be based on the price index by the DOE. Adjustment shall be based on the most recent price as of January 1st and change from the previous January 1st for Diesel Fuel (cents per Gallon), U.S. Upon approval by City Council, the annual rate adjustment shall not exceed five percent (5.00%) per year. If an annual rate adjustment is approved by Council, the Inflation 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. 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.
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. 1.11.1.6.1 There shall be no fuel adjustment surcharge, even if there are increases in the Contractor's fuel costs.
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. Every calendar quarter, the base rates shall be subject to a fuel adjustment if requested by the Contractor as follows: a one percent (1%) adjustment for every twenty cent ($0.20) increase/decrease in the price of diesel fuel above/below $3.80 per gallon (with a 1% surcharge beginning at $4.00 per gallon and a 2% surcharge at $4.20 per gallon, with a 1% decrease beginning at $3.60 per gallon, etc.); provided however, any increase/decrease shall not exceed five percent (5%) in any given City budget year. The diesel fuel price shall be as determined by reference to the Energy Information Administration of the US Department of Energy (“EIA/DOE”)’s Weekly Retail On Highway Diesel Prices for the Gulf Coast. The EIA/DOE currently publishes these prices on its website at the following location: xxxx://xxxxx.xxx.xxx.xxx/oog/info/wohdp/diesel.asp. The determination of the average price of diesel fuel from the aforesaid website shall be made on the first Monday prior to the end of the quarter (or the first business day thereafter if such Monday is a Federal Holiday).
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. Should the price of fuel as published by the Department of Energy exceed an average of $1.50 per gallon for 14 consecutive days, USF will impose a delivery surcharge at the rate of $2.00 for every ten (10) cents per gallon that the price of diesel exceeds $1.50 per gallon. When the price of diesel fuel falls below an average of $1.50 per gallon for 14 consecutive days, the fuel surcharge will be removed from each delivery invoice.
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. 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.
