Common use of Rate Redetermination for Market Change Clause in Contracts

Rate Redetermination for Market Change. In the event of delay or interruption, exceeding 90 days, under BT8.33, Contracting Officer shall make an appraisal to determine for each species the difference be- tween the appraised unit value of Included Timber imme- diately prior to the delay or interruption and the appraised unit value of Included Timber immediately after the delay or interruption. The appraisal shall be done after any rate redetermination done pursuant to BT3.31, for using re- maining volumes. Tentative Rates and Flat Rates in effect at the time of delay or interruption or established pursuant to BT3.31 will be reduced, if appraised rates declined during the delay or interruption, to become Current Contract Rates. Increases in rates will not be considered. Accordingly, Base Rates shall be adjusted to correspond to the redetermined rates if redetermined rates are less than the original Base Rates, subject to a new Base Rate limitation of the cost of essen- tial reforestation or 25 cents per hundred cubic feet or equivalent, whichever is larger. However, existing Base In- dices shall not be changed under this Subsection. Redetermined rates shall be considered established under BT3.1 Included Timber removed subsequent to the delay or interruption.

Rate Redetermination for Market Change. In the event of delay or interruption, exceeding 90 days, under BT8.33, Contracting Officer shall make an appraisal to determine for each species the difference be- tween between the appraised unit value of Included Timber imme- diately immediately prior to the delay or interruption and the appraised unit value of Included Timber immediately after the delay or interruption. The appraisal shall be done after any rate redetermination done pursuant to BT3.31, for using re- maining remaining volumes. Tentative Rates and Flat Rates in effect at the time of delay or interruption or established pursuant to BT3.31 will be reduced, if appraised rates declined during the delay or interruption, to become Current Contract Rates. SAMPLE Increases in rates will not be considered. Accordingly, Base Rates shall be adjusted to correspond to the redetermined rates if redetermined rates are less than the original Base Rates, subject to a new Base Rate limitation of the cost of essen- tial essential reforestation or 25 cents per hundred cubic feet or equivalent, whichever is larger. However, existing Base In- dices Indices shall not be changed under this Subsection. Redetermined rates shall be considered established under BT3.1 for Included Timber removed subsequent to the delay or interruption.

Rate Redetermination for Market Change. In the event of delay or interruption, exceeding 90 days, under BT8.33, Contracting Officer shall make an appraisal to determine for each species the difference be- tween the appraised unit value of Included Timber imme- diately prior to the delay or interruption and the appraised unit value of Included Timber immediately after the delay or interruption. The appraisal shall be done after any rate redetermination done pursuant to BT3.31, for using re- maining volumes. Tentative Rates and Flat Rates in effect at the time of delay or interruption or established pursuant to BT3.31 will be reduced, if appraised rates declined during the delay or interruption, to become Current Contract Rates. Increases in rates will not be considered. Accordingly, Base Rates shall be adjusted to correspond to the redetermined rates if redetermined rates are less than the original Base Rates, subject to a new Base Rate limitation of the cost of essen- tial reforestation or 25 cents per hundred cubic feet or equivalent, whichever is larger. However, existing Base In- dices shall not be changed under this Subsection. Redetermined rates shall be considered established under BT3.1 Included Timber removed subsequent to the delay or interruption.. Sample

Rate Redetermination for Market Change. In the event of delay or interruption, exceeding 90 days, under BT8.33, Contracting Officer shall make an SAMPLE appraisal to determine for each species the difference be- tween the appraised unit value of Included Timber imme- diately prior to the delay or interruption and the appraised unit value of Included Timber immediately after the delay or interruption. The appraisal shall be done after any rate redetermination done pursuant to BT3.31, for using re- maining volumes. Tentative Rates and Flat Rates in effect at the time of delay or interruption or established pursuant to BT3.31 will be reduced, if appraised rates declined during the delay or interruption, to become Current Contract Rates. Increases in rates will not be considered. Accordingly, Base Rates shall be adjusted to correspond to the redetermined rates if redetermined rates are less than the original Base Rates, subject to a new Base Rate limitation of the cost of essen- tial reforestation or 25 cents per hundred cubic feet or equivalent, whichever is larger. However, existing Base In- dices shall not be changed under this Subsection. Redetermined rates shall be considered established under BT3.1 Included Timber removed subsequent to the delay or interruption.