Postage Rate Adjustment Clause Samples

Postage Rate Adjustment. In the event the U.S. First Class postage rate is increased after July 1, 1995, Filene's Basement shall pay to Bank on each Settlement Date an amount equal to the product of (i) the excess of (x) the weighted average unit price paid by Bank for U.S. First Class postage with respect to the Filene's Basement Program on the last day of the previous Settlement Period, over (y) the weighted average unit price paid by Bank for U.S. First Class postage with respect to the Filene's Basement Program as of July 1, 1995. MULTIPLIED BY (ii) the number of Cardholders to which Bank mailed correspondence (including without limitation letters and billing statements) during the previous Settlement Period. This provision shall apply to each postage increase during the term of this Agreement.

Postage Rate Adjustment. This Section 3.10 describes how the Tier 1 and Tier 2 Postage Rates are to be adjusted (“Postage Rate Adjustment”) if after the Effective Date USPS changes postage rates, discounts, or the categories or structures of the rates or discounts. In such case: (a) If the only change is a change in rates and/or discounts and not in any other regulations or requirements that affect postage rates, each of the Tier 1 and Tier 2 Postage Rates shall be increased or decreased by substituting the new USPS rate and applicable discount in Columns B and C below and recalculating columns D and F accordingly (to four (4) digits to the right of the decimal point for the Tier 1 Postage Rates and to five (5) digits to the right of the decimal point for the Tier 2 Postage Rates) using the value shown in % Discount Category Represents (which value is firm and fixed and shall not change) (Column E), and then arriving at a new total. By way of example, if the only change is that the Discount (Column C) for 3-Digit mail is changed to *** then the net rate for 3-Digit becomes ***, the imputed Tier 1 rate becomes ***, the imputed Tier 2 rate becomes ***, increasing the Tier 1 Postage Rate to *** and the Tier 2 Postage Rate to ***. 5-Digit 0.49 *** *** *** *** 3-Digit 0.49 *** *** *** *** Attachment C-1 Confidential AADC 0.49 *** *** *** *** MAADC 0.49 *** *** *** *** Non Auto 0.49 *** *** *** *** Full Rate 0.49 *** *** *** *** * The rates are not-to-exceed rates, effective as of September 15, 2015 5-Digit 0.49 *** *** *** *** 3-Digit 0.49 *** *** *** *** AADC 0.49 *** *** *** *** MAADC 0.49 *** *** *** *** Non Auto 0.49 *** *** *** *** Full Rate 0.49 *** *** *** *** * The rates are not-to-exceed rates, effective as of September 15, 2015 (b) If the change is a change other than a change described in Section above 3.10(a), then the Parties shall equitably adjust the foregoing calculation with the view of accomplishing the foregoing as nearly as possible given the other changes made by USPS.