Common use of OCR Adjustments Clause in Contracts

OCR Adjustments. If, at any time during a Contract Year, Operator determines in its commercially reasonable discretion that the then-applicable OCR is not sufficient in amount to reflect Operator’s actual operating costs for the Wharf and Ancillary Facilities, then Operator may revise the OCR by providing Customer with 30-days prior written notice of such revised OCR, such notice to contain all reasonable backup information in respect of the revised OCR.

OCR Adjustments. If, at any time during a Contract Year, Operator determines in its commercially reasonable discretion that the then-applicable OCR is not sufficient in amount to reflect Operator’s actual OCR related operating costs for Terminal 2 or the Wharf and Ancillary FacilitiesLong Beach Terminal, then Operator may revise the OCR by providing Customer with 30-days thirty (30)-days prior written notice of such revised OCR, such notice to contain all reasonable backup information in respect of the revised OCR.