Market Rate Adjustment Sample Clauses

Market Rate Adjustment. Effective Immediately 5% ATB Increase - Effective Immediately 7783C-1 HV Electrician Lead 1 $62.32 $65.43 $68.71 7783C-2 HV Electrician Lead 2 $63.19 $66.35 $69.67 7783C-3 HV Electrician Lead 3 $64.93 $68.18 $71.59 7909C-1 Inspector-Planner-Estimator $43.58 $45.76 $48.05 8101C-1 Irrigation Plumber Lead 1 $47.46 $49.83 $52.32 8101C-2 Irrigation Plumber Lead 2 $48.12 $50.53 $53.05 8101C-3 Irrigation Plumber Lead 3 $49.45 $51.92 $54.52 8102C-1 Irrigation Plumber $44.15 $46.36 $48.68 8117C-1 Equipment Operating Engineer Lead 1 $46.60 $48.93 $51.38 8117C-2 Equipment Operating Engineer Lead 2 $47.25 $49.61 $52.09 8117C-3 Equipment Operating Engineer Lead 3 $48.55 $50.98 $53.53 8125C-1 Sheetmetal Worker Lead 1 $51.44 $54.01 $56.71 8125C-2 Sheetmetal Worker Lead 2 $52.15 $54.76 $57.50 8125C-3 Sheetmetal Worker Lead 3 $53.59 $56.27 $59.08 8126C-1 Sheetmetal Worker $47.85 $50.24 $52.75 8135C-1 Equipment Operating Engineer $43.34 $45.51 $47.78 8141C-1 Insulation Worker $61.33 $64.40 $67.62 8142C-1 Machinist Lead 1 $59.08 $62.03 $65.14 8142C-2 Machinist Lead 2 $59.90 $62.90 $66.04 8142C-3 Machinist Lead 3 $61.55 $64.63 $67.86 8143C-1 Machinist $54.96 $57.71 $60.59 8147C-1 Insulation Lead 1 $65.93 $69.23 $72.69 8147C-2 Insulation Lead 2 $66.85 $70.19 $73.70 8147C-3 Insulation Lead 3 $68.69 $72.12 $75.73 8154C-1 High Voltage Electrician $57.97 $60.87 $63.91 8159C-1 Elevator Mechanic Lead 1 $98.26 $103.17 $108.33 8159C-2 Elevator Mechanic Lead 2 $99.63 $104.61 $109.84 8159C-3 Elevator Mechanic Lead 3 $102.56 $107.69 $113.07 8176C-1 Cement Xxxxx $36.79 $38.63 $40.56 8188C-1 Elevator Mechanic $91.40 $95.97 $100.77 8189C-1 Roofer $38.82 $40.76 $42.80 8190C-1 Plumber-Pipefitter Lead 1 $59.80 $62.79 $65.93 8190C-2 Plumber-Pipefitter Lead 2 $60.63 $63.66 $66.84 8190C-3 Plumber-Pipefitter Lead 3 $62.30 $65.42 $68.69 8191C-1 Plumber-Pipefitter $55.62 $58.40 $61.32 8192C-1 Steamfitter Lead 1 $59.80 $62.79 $65.93 8192C-2 Steamfitter Lead 2 $60.63 $63.66 $66.84 8192C-3 Steamfitter Lead 3 $62.30 $65.42 $68.69 8193C-1 Steamfitter $55.62 $58.40 $61.32 8194C-1 Electrician Lead 1 $55.40 $58.17 $61.08 8194C-2 Electrician Lead 2 $56.17 $58.98 $61.93 8194C-3 Electrician Lead 3 $57.72 $60.61 $63.64 8195C-1 Electrician $51.53 $54.11 $56.81 8196C-1 Xxxxxxxxx Locksmith Lead 1 $46.94 $49.29 $51.75 8196C-2 Xxxxxxxxx Locksmith Lead 2 $47.60 $49.98 $52.48 8196C-3 Xxxxxxxxx Locksmith Lead 3 $48.91 $51.36 $53.92 8197C-1 Xxxxxxxxx Locksmith $43.67 $45.85 $48.15 8198C-1 Painter Lead 1 $46.21 $48.52 $5...
Sample 1Sample 2
AutoNDA by SimpleDocs
Market Rate Adjustment. The rate schedule in Exhibit 5 and 11 (as applicable) may be adjusted at the commencement of each Renewal Term to reflect prevailing market conditions at that time as set forth in City’s Adopted Rates. The change in the rate in the first year of any such rate adjustment period shall not exceed plus or minus 20 percent relative to the rate charged in the immediately preceding 5- year period. For a rate adjustment to take effect, the parties shall mutually agree upon the terms and rates.
Sample 1
Market Rate Adjustment. The Rate Schedule shall be adjusted at the commencement of each Renewal Term to reflect prevailing market conditions at that time. The change in the Rate in the first year of any such rate adjustment period shall not exceed plus or minus 20 percent relative to the Rate charged in the immediately preceding 5-year period. For a rate adjustment to take effect, the parties shall mutually agree upon the terms and rates.
Sample 1
Market Rate Adjustment. Effective pay period 18 beginning February 2, 2019, salaries of the following classifications shall receive market rate adjustments which will result in a minimum salary increase of 5.8%, which will be transacted by placement into the following existing salary ranges: • Public Safety Dispatcher I: Salary Range GNRL 71 to Salary Range GNRL 88; • Public S ty Dispatcher II: Salary Range GNRL 83 to Salary Range GNRL 100; • Public Safety Dispatcher-Supervising: Salary Range GNRL 95 to Salary Range GNRL 112; • Dispatch Services Supervisor: Salary Range GNRL 107 to Salary Range GNRL 124.
Sample 1
Market Rate Adjustment. The amount of Basic Rent shall be adjusted to the Market Rate, as defined below, in the first year of each Renewal Term as indicated in the Summary of Basic Lease Terms and in Section 3.4 above. As used herein and in the Summary of Basic Lease Terms, the term "Market Rate" shall refer to the following: Market Rate shall mean the annual fixed rental rate a willing lessee would pay and a willing lessor would accept in an arm's length lease of the Demised Premises at such date upon the terms and provisions of this Lease; however, in no event shall the Market Rate be less than the amount of Basic Rent payable by Tenant in the prior year of the Lease. Within thirty (30) days after Tenant gives written notice exercising its Renewal Term, Landlord shall provide Tenant with written notice setting forth Landlord's opinion of Market Rate and Landlord's opinion of the Market Rate annual escalator to apply in each subsequent year of the Renewal Term ("Landlord's Market Rate Notice"). In the event Tenant disagrees with Landlord's opinion of Market Rate or the Market Rate escalator, Tenant may, within fifteen (15) days after Landlord's Market Rate Notice, give Landlord written notice setting forth Tenant's opinion of Market Rate and/or the Market Rate escalator ("Tenant's Market Rate Notice"). If Landlord and Tenant are unable to agree as to the Market Rate or Market Rate escalator within ten (10) days after Tenant's Market Rate Notice, the parties shall select an arbitrator to render a final determination of the Market Rate and/or the Market Rate escalator, as the case may be. The arbitrator shall be a licensed commercial real estate broker who shall have at least (10) years continuous experience in the business of commercial real estate brokerage in Boulder, Colorado, and shall be a member in good standing of the Denver Metropolitan Commercial Association of Realtors ("DMCAR") and Commercial Brokers of Boulder ("CBB"), or if either of such organizations is not then in existence, such other trade group(s) or professional organization(s) as leading commercial real estate brokers in Boulder, Colorado customarily participate in at such time. The arbitrator shall conduct such hearings and investigations as the arbitrator shall deem appropriate and shall, within thirty (30) days after having been appointed, make a determination of the Market Rate and/or Market Rate escalator, as the case may be, and that determination by the arbitrator shall be binding upon Landlord and Ten...
Sample 1
Market Rate Adjustment. As of January 1, 1991 and January 1, 2001 the minimum monthly rent shall be adjusted to reflect then prevailing market rates for comparable space in San Francisco. If the parties are unable to agree upon a minimum monthly rent based on then prevailing market rates at least four (4) months prior to the effective date of such adjustment (i.e. August 31, 1990 and August 31, 2000, respectively), then the parties mutually shall appoint a real estate appraiser to determine such rent and the determination of such appraiser shall be binding on the parties. If the parties are unable to agree upon such an appraiser within ten (10) days (i.e. by September 10, 1990 and September 10, 2000, respectively), then within ten (10) days thereafter (i.e. by September 20, 1990 and September 20, 2000, respectively) each party, at its own cost and by written notice to the other party, shall appoint a real estate appraiser with at least 3 years full time commercial appraisal experience in San Francisco. If either party fails to appoint an appraiser in a timely manner, then the appraiser appointed by the other party shall be the sole appraiser and his/her appraisal shall be final and binding on each party. If the two appraisers are appointed by the parties as stated above, they shall meet promptly and attempt to set the minimum monthly rent based on prevailing market rates. If they are unable to agree within twenty (20) days after the second appraiser has been appointed, they shall attempt to elect a third appraiser meeting the qualifications stated above within ten (10) days after the last day the two appraisers are given to set the minimum monthly rent. If they are unable to agree on the third appraiser, either of the parties to this Lease, by giving ten (10) days notice to the other party, can apply to the Superior Court for the City and County of San Francisco for the selection of a third appraiser who meets the qualifications stated above. Each of the parties shall bear one half of the cost of appointing the third appraiser a«d of paying the third appraiser’s fee. The third appraiser, however selected, shall be a person who has not previously acted in any capacity for either party. Within twenty (20) days after the selection of the third appraiser, a majority of the appraisers shall set the minimum monthly rent. If a majority of the appraisers are unable to set the minimum monthly rent within the stipulated period of time, the three appraisals shall be added together and their...
Sample 1

Related to Market Rate Adjustment

  • Interest Rate Adjustment The interest rate payable on the Notes shall be subject to adjustments from time to time if either Xxxxx’x Investors Service, Inc., or any successor thereto (“Moody’s”) or Standard & Poor’s Ratings Services, a division of XxXxxx-Xxxx, Inc., or any successor thereto (“S&P”) downgrades (or subsequently upgrades) the debt rating assigned to the Notes, as set forth below. If the rating from Moody’s of the Notes is decreased to a rating set forth in the immediately following table, the interest rate on the Notes shall increase from the interest rate payable on the Notes on the date of their issuance (the “Original Interest Rate”) by the percentage set forth opposite that rating: Rating Percentage Ba1 0.25 % Ba2 0.50 % Ba3 0.75 % B1 or below 1.00 % If the rating from S&P of the Notes is decreased to a rating set forth in the immediately following table, the interest rate on the Notes shall increase from the Original Interest Rate by the percentage set forth opposite that rating: Rating Percentage BB+ 0.25 % BB 0.50 % BB- 0.75 % B+ or below 1.00 % Notwithstanding the foregoing, if at any time the interest rate on the Notes has been adjusted upward and either Moody’s or S&P, as the case may be, subsequently increases its rating of the Notes to any of the threshold ratings set forth in the tables above, the interest rate on the Notes shall be decreased such that the interest rate for the Notes equals the Original Interest Rate plus the percentages set forth opposite the ratings from the tables above in effect immediately following the increase. If Moody’s subsequently increases its rating of the Notes to Baa3 or higher and S&P increases its rating to BBB- or higher the interest rate on the Notes shall be decreased to the Original Interest Rate. Each adjustment required by any decrease or increase in a rating set forth above, whether occasioned by the action of Moody’s or S&P, shall be made independent of any and all other adjustments. In no event shall (1) the interest rate for the Notes be reduced to below the Original Interest Rate or (2) the total increase in the interest rate on the Notes exceed 2.00% above the Original Interest Rate. If either Moody’s or S&P ceases to provide a rating of the Notes, any subsequent increase or decrease in the interest rate of the Notes necessitated by a reduction or increase in the rating by the agency continuing to provide the rating shall be twice the percentage set forth in the applicable table above. No adjustments in the interest rate of the Notes shall be made solely as a result of either Moody’s or S&P ceasing to provide a rating. If both Moody’s and S&P cease to provide a rating of the Notes, the interest rate on the Notes shall increase to, or remain at, as the case may be, 2.00% above the Original Interest Rate. Any interest rate increase or decrease described above shall take effect from the first day of the interest period during which a rating change requires an adjustment in the interest rate. The interest rate on the Notes shall permanently cease to be subject to any adjustment described above (notwithstanding any subsequent decrease in the ratings by either or both rating agencies) and, if applicable, shall be decreased to the Original Interest Rate, if the Notes become rated Baa2 and BBB or higher by Moody’s and S&P, respectively (or one of these ratings if only rated by one rating agency), with a stable or positive outlook by each of the rating agencies.

  • Interest Rate Adjustments With respect to each ARM Mortgage Loan, all Mortgage Interest Rate adjustments have been made in strict compliance with state and federal law and the terms of the related Mortgage Note. Any interest required to be paid pursuant to state and local law has been properly paid and credited.

  • Notice of Conversion Rate Adjustments Upon the effectiveness of any adjustment to the Conversion Rate pursuant to Section 5.05(A), the Company will promptly send notice to the Holders, the Trustee and the Conversion Agent containing (i) a brief description of the transaction or other event on account of which such adjustment was made; (ii) the Conversion Rate in effect immediately after such adjustment; and (iii) the effective time of such adjustment.

  • Conversion Price Adjustment In the event the Company, shall, at any time following the issuance of the Series A-1 Preference Shares, issue additional Common Shares in a financing transaction the sole purpose of which is to raise capital, at a price per share less than the Conversion Price then in effect, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration paid for such additional Common Shares.

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

  • Conversion Price Adjustments The conversion price shall be subject to adjustment (without duplication) from time to time as follows:

  • Business Day Adjustment If the day by which a payment is due to be made is not a Business Day, that payment shall be made by the next succeeding Business Day unless that next succeeding Business Day falls in a different calendar month, in which case that payment shall be made by the Business Day immediately preceding the day by which such payment is due to be made.

  • Price Adjustments 17.1 Prices for Goods/Services supplied in terms of this Agreement shall be subject to review as indicated in the Schedule of Requirements/Works Order annexed hereto.

  • Multiple Adjustments For the avoidance of doubt, if an event occurs that would trigger an adjustment to the Conversion Rate pursuant to this Section 11 under more than one subsection hereof, such event, to the extent fully taken into account in a single adjustment, shall not result in multiple adjustments hereunder; provided, however, that if more than one subsection of this Section 11 is applicable to a single event, the subsection shall be applied that produces the largest adjustment.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!