OPERATIONS FEE ADJUSTMENT PROVISIONS Sample Clauses

OPERATIONS FEE ADJUSTMENT PROVISIONS. The Parties agree that the fees set forth on Schedule 8.02 have been based in part upon, inter alia, state and federal laws. Therefore, the Parties agree, in the event that state or federal laws should be amended in a manner which directly results in an increase of ten-percent (10%) or more in Operator’s Operating Expenses, when compared to the preceding six (6) month period, to negotiate in good faith a possible increase to such Operating Expenses. Negotiations to compensate Operator for the financial impact, if any, of changes in state or federal laws shall begin prior to the first and second anniversaries of the first day of the term of this Agreement, and shall become effective in the second and third years, respectively. The Parties shall use their best efforts to reach agreement on the Operations Fee for upcoming periods prior to each of the first and second anniversary dates of the first day of the term of this Agreement. Schedule 8.02 shall promptly be amended to reflect the agreement of the Parties. Adjustments, if any, shall be retroactive to the first day of the second and third years of the term, regardless of the date of final execution of any amendment(s). This Section shall also be applicable to the second year of any renewal term of this Agreement.
Sample 1
AutoNDA by SimpleDocs

Related to OPERATIONS FEE ADJUSTMENT PROVISIONS

  • Fee Adjustments The fixed fees and other fees expressed as stated dollar amounts in this Schedule C and in this Agreement are subject to annual increases, commencing on the one-year anniversary date of the date of this Agreement, in an amount equal to the percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter,” or a similar index should such index no longer be published, since such one-year anniversary or since the date of the last fee increase, as applicable. SCHEDULE D SPECIAL DISTRIBUTION SERVICES AND FEES Services Fees

  • REFERENCED CONTRACT PROVISIONS 3 Term: July 1, 2020 through June 30, 2021 4 Maximum Obligation: $3,726,731 5 Term: January 1, 2017 through June 30, 2022 Period One means the period from July 1, 2017 through June 30, 2018 Period Two means the period from July 1, 2018 through June 30, 2019 Period Three means the period from July 1, 2019 through June 30, 2020 Period Four means the period from July 1, 2020 through June 30, 2020 Period Five means the period from July 1, 2021 through June 30, 2022 11

  • Attachment B, Payment Provisions The payment provisions are amended as follows:

  • Equitable Adjustment Trading volume amounts, price/volume amounts and similar figures in the Transaction Documents shall be equitably adjusted (but without duplication) to offset the effect of stock splits, similar events and as otherwise described in this Agreement and Warrants.

  • Payment Provisions Payment shall be made in accordance with Chapter 2251 of the Texas Government Code, commonly known as the Texas Prompt Payment Act. Chapter 2251 of the Texas Government Code shall govern remittance of payment and remedies for late payment and non-payment.

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