Common use of Rate Adjustment Clause in Contracts

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). 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 consent to such adjustment(s) or fee(s), LOOMIS shall have the right to terminate this Agreement upon thirty (30) days written notice to CUSTOMER.

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). To account for future movements in the price of diesel fuel LOOMIS XXXXXX 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). LOOMISXXXXXX’ 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 XXXXXX 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 consent to such adjustment(s) or fee(s), LOOMIS XXXXXX shall have the right to terminate this Agreement upon thirty (30) days written notice to CUSTOMER.

Rate Adjustment. LOOMIS shall annually increase the service fee(sService 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 consent to such adjustment(s) or fee(s)renegotiate, LOOMIS shall have the right to terminate this Agreement upon thirty (30) days written notice to CUSTOMER.

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). 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.XXXGasoline and Diesel Fuel Update - U.S. Energy Information Administration (EIA)). 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 consent to such adjustment(s) or fee(s), LOOMIS XXXXXX shall have the right to terminate this Agreement upon thirty (30) days written notice to CUSTOMER.

Rate Adjustment. LOOMIS XXXXXX 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). To account for future movements in the price of diesel fuel LOOMIS XXXXXX 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 consent to such adjustment(s) or fee(s), LOOMIS XXXXXX shall have the right to terminate this Agreement upon thirty (30) days written notice to CUSTOMER.