MARKET RATE ADJUSTMENTS Sample Clauses

MARKET RATE ADJUSTMENTS. The Parties agree that maintaining wages during the term of this Agreement, in any classification covered by this Agreement, which remain competitive with wages being paid to employees employed by competing health care institutions, is important to the recruitment and retention of qualified employees. During the term of this Agreement, the Union shall have the right to submit a written request to the Hospital that the Parties undertake a joint review of whether the wages being paid to any classification covered by this Agreement should be adjusted to maximize recruitment and/or retention of employees in any given classification (a “Wage Adjustment Request”). The Union shall submit any such Wage Adjustment Request during the month of February in any given calendar year during the term of this Agreement. Any such Wage Adjustment Request must identify the specific classifications(s) with regard to which the Union is requesting such a joint review and must include an explanation of the basis for including each classification in the Wage Adjustment Request. In the event the Union submits such a Wage Adjustment Request during any such February, the Parties shall jointly review comparable community wage data for acute care hospitals, taking into account other factors such as, but limited to, the number, frequency, and length of vacancies in the given classification, turnover in the given classification, and the cost of orienting new employees in the given classification. The Parties shall conclude the joint review relative to the classification(s) identified in any such Wage Adjustment Request by June 30 of the same calendar year in which any such Wage Adjustment Request is submitted. The Hospital shall not be required to make any wage adjustment following the completion of any such joint review. However, in the event the Hospital determines to implement a wage adjustment following completion of any such joint review, such a wage adjustment shall become effective during the first payroll period commencing on or after July 1 of the same calendar year in which any such Wage Adjustment Request is submitted. The Parties further agree that such a joint wage review will be conducted within thirty (30) consecutive calendar days following ratification of this Agreement regarding the following classifications: ● Pharmacy Tech Advanced Skills II ● CT Tech ● HUC ● Monitor Tech ● Phlebotomist ● Central Supply Tech II ● Housekeeper I ● Housekeeper II In the event the Hospital...
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MARKET RATE ADJUSTMENTS. If at any time the then-prevailing market rates for a definable Services unit (including by way of example but not of limitation, data storage costs and/or telecommunications costs) is less than the corresponding price, cost or fee under the Agreement, as determined through a pricing review conducted by a Symetra-retained independent Third Party (which may be one of the entities identified in Section 2 of Attachment A), then promptly following Symetra’s request, the Parties shall meet to discuss and agree upon an appropriate reduction in the Annual Services Fees to account for such decrease in the applicable market rate. If requested by ACS, Symetra shall facilitate discussions with the Third Party entity that conducted the pricing review to enable ACS to ask questions about the pricing review process and results. If the Parties are unable to agree on any such decrease within thirty (30) calendar days following Symetra’s request for a meeting, then Symetra may elect to treat the disagreement as a Problem that is subject to the terms of Article 17, or Symetra shall have the right to initiate a full benchmark under Attachment A (notwithstanding any limitations on benchmarking frequency that may be contained in Attachment A). Symetra shall have the right to conduct a pricing review of the type described in this Section only once annually. For the avoidance of doubt, Symetra shall be solely responsible for paying the fees and expenses of Third Parties retained to perform the pricing reviews described in this Section.
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Related to MARKET RATE ADJUSTMENTS

  • 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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • Calculation of Adjustments All adjustments to the Settlement Rate shall be calculated to the nearest 1/10,000th of a share of Common Stock (or if there is not a nearest 1/10,000th of a share to the next lower 1/10,000th of a share). No adjustment in the Settlement Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, that any adjustments which by reason of this subparagraph are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If an adjustment is made to the Settlement Rate pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this Section 5.6(a), an adjustment shall also be made to the Applicable Market Value solely to determine which of clauses (i), (ii) or (iii) of the definition of Settlement Rate in Section 5.1(a) will apply on the Stock Purchase Date. Such adjustment shall be made by multiplying the Applicable Market Value by a fraction, the numerator of which shall be the Settlement Rate immediately after such adjustment pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this Section 5.6(a) and the denominator of which shall be the Settlement Rate immediately before such adjustment; provided, that if such adjustment to the Settlement Rate is required to be made pursuant to the occurrence of any of the events contemplated by paragraph (1), (2), (3), (4), (5), (7) or (10) of this Section 5.6(a) during the period taken into consideration for determining the Applicable Market Value, appropriate and customary adjustments shall be made to the Settlement Rate.

  • 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.

  • Base Price Adjustments The base aircraft price (pursuant to Article 3 of the Agreement) of the Option Aircraft will be adjusted to Boeing's and the engine manufacturer's then-current prices as of the date of execution of the Option Aircraft Supplemental Agreement.

  • Adjustments to the Conversion Rate (A) Events Requiring an Adjustment to the Conversion Rate. The Conversion Rate will be adjusted from time to time as follows:

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