Common use of Modification of Rates Clause in Contracts

Modification of Rates. (a) The fees which may be charged by the Contractor for the second and subsequent years of the term hereof may be adjusted upward to reflect changes in the cost of operations, as reflected by fluctuations in the Consumer Price Index for Urban Wage Earners and Clerical Workers (All items) as published by the U.S. Department of Labor, Bureau of Labor Statistics. Contractor will give the City ninety (90) days notice of a request to a change in rates prior to the anniversary date. The City Council shall make a determination within forty-five days of the request.

Modification of Rates. (a) The fees which may be charged by the Contractor for the second thirdsecond and subsequent years of the term hereof shall may be adjusted upward to reflect changes in the cost of operations, as reflected by fluctuations in the Consumer Price Index for Urban Wage Earners and Clerical Workers (All items) as published by the U.S. Department of Labor, Bureau of Labor Statistics. Contractor will give the City ninety (90) days notice of a request to a change in rates prior to the anniversary date. The City Council shall make a determination within forty-five days of the request.

Modification of Rates. (a) The fees which may be charged by the Contractor for the second thirdsecond and subsequent years of the term hereof may shall be adjusted upward to reflect changes in the cost of operations, as reflected by fluctuations in the Consumer Price Index for Urban Wage Earners and Clerical Workers (All items) as published by the U.S. Department of Labor, Bureau of Labor Statistics. Contractor will give the City ninety (90) days notice of a request to a change in rates prior to the anniversary date. The City Council shall make a determination within forty-five days of the request.