Rate Adjustment a) An employee who is set back to a lower paid job because of mechanization, technological change or automation will receive the rate of his/her regular job at the time of the setback for a period of three (3) months and for a further period of three (3) months he/she will be paid an adjusted rate which will be midway between the rate of his/her regular job at the time of the setback and the rate of his/her new regular job. At the end of this six (6) month period the rate of his/her new job will apply. However, such employee will have the option of terminating his/her employment and accepting severance pay as outlined in Section 3 below, providing he/she exercises this option within the above referred to six (6) month period.
b) Following an application of a) above, where an employee is set back to a lower paid job because of an application of Article VIII - Seniority brought on by mechanization, technological change or automation he/she will receive the rate of his/her regular job at the time of the setback for a period of three (3) months and for a further three (3) months he/she will be paid an adjusted rate which will be midway between the rate of his/her regular job at the time of the setback and the rate of his/her new regular job. At the end of this six (6) month period the rate of his/her new regular job will apply.
Rate Adjustment. If the cost to Owner of electricity shall have been, or shall be, increased from time to time by change in utility company’s electricity rates, charges, fuel adjustment, or service classification or by taxes or charges of any kind imposed thereon, or for any other reason (“Electrical Change”), then the Electrical Inclusion Factor, which is a portion of the fixed annual rent, shall be increased in the same percentage. Any such percentage increase in the charge to the Owner shall be computed by the application of an averaged monthly seasonal consumption (Demand and Energy) of electricity which shall reasonably reflect such consumption of the entire Building based on a period of twelve (12) full months prior to the rate change, other change in cost, or any changed method of or rules on billing for same, on a consistent basis to the new rate and/or service classification. The following method of computation shall be employed in making the percentage differential determination applicable to the Electrical Inclusion Factor.
(i) Owner’s bills from the public utility corporation providing electricity to the Building for the twelve (12) month period immediately preceding the Electrical Change in question shall be averaged for demand and consumption (KW and KWH) and the rate structure in effect immediately prior to the Electrical Change in question shall be applied to the average demand and consumption factors of Owner’s xxxxxxxx for the Building for said twelve (12) month period resulting in an agreed determination of the cost to Owner of electricity for the Building immediately prior to the Electrical Change in question;
(ii) The new rate structure pursuant to which Owner is billed by the public utility corporation, i.e., the rate structure which includes the Electrical Change in question, shall be applied to the average demand and consumption factors of Owner’s xxxxxxxx for the Building for said twelve (12) month period resulting in an agreed estimate of the cost to Owner by reason of the Electrical Change in question;
(iii) The difference in the costs determined pursuant to the foregoing subdivisions (i) and (ii) shall be deemed the amount of the estimated annual change in cost and the amount of such estimated annual change in cost shall be divided by the cost determined pursuant to the foregoing subdivision (i); and
(iv) The resulting quotient shall be applied to Tenant’s then current Electrical Inclusion Factor to produce the increase or decrease in the Rent a...
Rate Adjustment a) An employee who is set back to a lower paid job because of mechanization, technological change or automation will receive the rate of his regular job at the time of the setback for a period of three (3) months and for a further period of three (3) months he will be paid an adjusted rate which will be midway between the rate of his regular job at the time of the setback and the rate of his new regular job. At the end of this six (6) month period the rate of his new regular job will apply. However, such employee will have the option of terminating his employment and accepting severance pay as outlined in Section 3 below, either at the time of layoff or at the point his seniority retention expires.
b) Following an application of a) above, where an employee is set back to a lower paid job because of an application of Article VIII - Seniority, brought on by mechanization, technological change or automation, he will receive the rate of his regular job at the time of the setback of a period of three (3) months and for a further period of three (3) months he will be paid an adjusted rate which will be midway between the rate of his regular job at the time of the setback and the rate of his new regular job. At the end of this six (6) month period the rate of his new regular job will apply.
Rate Adjustment. An employee who is retained but whose position was affected will not suffer a reduction in pay or hours. If the rate for the new position is less than an employee's existing rate the rate will be red circled until the new job rate catches up.
Rate Adjustment. After commencement of service, GEOARM may annually increase the monthly monitoring charge. In the event an increase exceeds 10% per year and CLIENT is unwilling to pay the increased charges, CLIENT may terminate this agreement and CLIENT will not be subject to any payments for liquidated damages, upon giving notice via email or in writing, by registered mail, within (30) days from the date of notice of the increase. CLIENT’S failure to notify GEOARM within said (30) days shall constitute CLIENT’S acceptance of the rate adjustment.
Rate Adjustment. As to each Adjustable Rate Mortgage Loan, the Servicer shall make periodic Mortgage Interest Rate and Monthly Payment adjustments, as applicable, in strict compliance with (i) the terms of the Mortgage and Mortgage Note, (ii) all applicable law, and (iii) Customary Servicing Procedures. Servicer shall establish procedures to monitor the Index in order to ensure that it uses the appropriate value for the Index in determining an interest rate change. Servicer shall execute all and deliver all appropriate notices required by (i) the terms of the Mortgage and Mortgage note, (ii) all applicable law, and (iii) Customary Servicing Procedures regarding such Mortgage Interest Rate adjustments and Monthly Payment adjustments. Upon request by the Owner, Servicer shall deliver to the Owner copies of such adjustment notification, and shall describe the values and methods used to calculate and implement such adjustments. If Servicer fails to make a timely and correct Mortgage Interest Rate adjustment or Monthly Payment adjustment, Servicer shall deposit in the Custodial Account out of its own funds any amounts necessary to satisfy any shortage in the Mortgagor’s Monthly Payment for so long as such shortage continues. In the event the Index, as specified in the related Mortgage Note, becomes unavailable for any reason, Servicer shall select an alternative index, in accordance with the terms of the Mortgage Note provide written notice to the Owner of such alternative index, and such alternative index shall thereafter be the Index for such Mortgage Loan unless otherwise directed by the Owner to select a specified index in accordance with the terms of the Mortgage Loan. The Servicer shall use any alternative index as specified by the Owner so long as such index is in accordance with the terms of the Mortgage Note.
Rate Adjustment. Not more than once per calendar year, the Supplier shall be entitled to adjust any of the Charges, individually or in the aggregate, provided that the Supplier gives the Client at least thirty (30) days’ prior written notice of such an adjustment (a “Rate Adjustment”). Notwithstanding the preceding sentence and any other provision of this Agreement, the Supplier reserves the right to (i) pass through to the Client any Third-party Provider change in cost at any time as required by such Third-party Provider; and (ii) adjust the Charges at any time if required by legislation or regulation.
Rate Adjustment. LOOMIS shall annually increase the Service Fee(s) based upon the year to year changes in the Consumer Price Index (CPI) or other applicable economic factor(s), and not to exceed 5% per year. To account for future movements in the price of diesel fuel LOOMIS will henceforth adjust the monthly fuel fee based on U.S. average diesel prices as measured and published by the Department of Energy (XXX.XXX.XXX.XXX). The monthly fuel fee shall equal the product of the applicable percentage (based on the chart below) multiplied by the aggregate monthly service fee (including any applicable Ancillary Item). LOOMIS’ established baseline is $1.31. Any cost above the $1.31 baseline cost will be adjusted on a monthly basis by 0.5% on price movements of 10 cents per gallon (i.e. if diesel prices rise to $1.41, the corresponding fuel fee is increased by 0.5%). The applicable fuel fee percentage will be based on the national average of diesel fuel prices published on the Department of Energy Website averaged over the first four Mondays of the month rounded to the next cent. The table is for reference only and does not reflect the maximum rate which may be assessed. $4.91 $5.00 $ .10 18.00% $4.81 $4.90 $ .10 17.50% $4.71 $4.80 $ .10 17.00% $4.61 $4.70 $ .10 16.50% $4.51 $4.60 $ .10 16.00% $4.41 $4.50 $ .10 15.50% $4.31 $4.40 $ .10 15.00% $4.21 $4.30 $ .10 14.50% $4.11 $4.20 $ .10 14.00% $4.01 $4.10 $ .10 13.50% $3.91 $4.00 $ .10 13.00% $3.81 $3.90 $ .10 12.50% $3.71 $3.80 $ .10 12.00% $3.61 $3.70 $ .10 11.50% $3.51 $3.60 $ .10 11.00% $3.41 $3.50 $ .10 10.50% $3.31 $3.40 $ .10 10.00% $3.21 $3.30 $ .10 9.50% $3.11 $3.20 $ .10 9.00% $3.01 $3.10 $ .10 8.50% $2.91 $3.00 $ .10 8.00% $2.81 $2.90 $ .10 7.50% $2.71 $2.80 $ .10 7.00% $2.61 $2.70 $ .10 6.50% $2.51 $2.60 $ .10 6.00% $2.41 $2.50 $ .10 5.50% $2.31 $2.40 $ .10 5.00% $2.21 $2.30 $ .10 4.50% $2.11 $2.20 $ .10 4.00% $2.01 $2.10 $ .10 3.50% $1.91 $2.00 $ .10 3.00% $1.81 $1.90 $ .10 2.50% $1.71 $1.80 $ .10 2.00% $1.61 $1.70 $ .10 1.50% $1.51 $1.60 $ .10 1.00% $1.41 $1.50 $ .10 .50% $1.31 $1.40 $ .10 .00%
a) LOOMIS reserves the right in times of global economic downturn or due to changes in regulatory obligations, including but not limited to changes in minimum wage, to renegotiate rates and fees in good faith with CUSTOMER. In the event that CUSTOMER refuses to renegotiate, LOOMIS shall have the right to terminate this Agreement upon thirty (30) days written notice to CUSTOMER.
Rate Adjustment. A. Rates charged for services shall be negotiated between Company and Shipper. Company reserves the right to seek authorization from the Federal Energy Regulatory Commission (“FERC”) or other appropriate agency to increase, decrease or restructure the rates (including market based rates), and Company Use charges in effect at any time as may be found necessary to assure Company’s right to charge and collect fair and equitable rates within the meaning of Section 311 (a)(2) of the Natural Gas Policy Act of 1978 (“NGPA”) and the FERC’s rules and regulations thereunder. Nothing herein contained shall be construed to deny any Shipper any rights which it may have under FERC rules and regulations, including the right to participate fully in rate proceedings by intervention or otherwise to contest changes in rates and Company Use charges in whole or part. In addition to the rates above, Shipper shall pay in advance all applicable state and federal filing, reporting and application fees incurred by Company for providing such services.
B. Company may at any time provide firm or interruptible storage services at different rates from the market based rates approved by the FERC for Company’s NGPA Section 311(a)(2) services. Nothing herein shall obligate or require, or be construed to obligate or require, Company to offer or continue such different rates.
Rate Adjustment. An employee who is setback to a lower paid job because of technological change will receive the rate of pay of his regular job at the time of the setback for a period of three (3) working months. The displaced employee will receive an hourly rate based on each employee’s average hourly earnings on regular shifts during the season immediately prior to the displacement, for a period of three (3) working months. At the end of the three (3) working month period the rate of pay for the new regular job will apply to all employees setback due to technological change.
