RATE VALIDITY. 1.6.1 All rates and charges stated above are to remain fixed and firm to (insert applicable date) and annually thereafter (including option years should options be enacted) the rates and charges detailed herein shall be subject to review and adjustment as necessary in accordance with Article 3 below, provided full substantiation of any increase claimed by CONSULTANT is submitted to the satisfaction of the CLIENT.
RATE VALIDITY. The Charges calculated in accordance with this Schedule J shall be valid to 50% above and 50% below the non-FTE Resource Unit Resource Baseline set forth in Attachment J.4. If, during any three consecutive months, (i) the total actual non-FTE Resource Unit is either 50% above or 50% below the applicable non-FTE Resource Baseline as set forth in Attachment J.4, and (ii) such volumes are reasonably expected to remain at such levels, the Parties shall examine the impact of such change on Supplier’s variable pricing and shall, if appropriate, negotiate in good faith and mutually agree upon an equitable adjustment to the Monthly Base Charge and/or to some or all of the applicable FTE rates and/or ARC/RRC Rates. Notwithstanding the foregoing, if Hercules eliminates an entire Functional Service Area, it will be treated as a termination for convenience to which Termination Charges may be applicable, and not as a subject of negotiation pursuant to this provision. PROJECTS
RATE VALIDITY. The Supplier agrees that the approved price of all individual items quoted in the financial bids shall remain valid till and up to 30th June 2016.
