Common use of Rate Volatility Clause in Contracts

Rate Volatility. PURSUANT TO SECTION 3 a), IF DURING THE PERFORMANCE OF THIS AGREEMENT THE RATES SET OUT IN THE ESTABLISHED AMGAS ANNUAL PRICE BOOK OR RATE SHEETS INCLUDING BUT NOT LIMITED TO SERVICES ORDER, PURCHASE ORDERS SIGNIFICANTLY INCREASES OR ANY OTHER FORM OF COMMITMENT, THROUGH NO FAULT OF AMGAS, THE PRICE OF SHALL BE EQUITABLY ADJUSTED BY AN AMOUNT REASONABLY NECESSARY TO COVER ANY SUCH SIGNIFICANT PRICE INCREASES. AS USED HEREIN, A SIGNIFICANT PRICE INCREASE SHALL MEAN ANY INCREASE IN PRICE EXCEEDING FIVE PERCENT (5%) EXPERIENCED BY AMGAS FROM THE DATE OF THE CONTRACT SIGNING. SUCH PRICE INCREASES SHALL BE DOCUMENTED THROUGH, AMENDMENTS, PURCHASE ORDER REVISIONS, MANAGEMENT OF CHANGE, OR QUOTES.

Rate Volatility. PURSUANT TO SECTION 3 4 a), IF DURING THE PERFORMANCE OF THIS AGREEMENT THE RATES SET OUT IN THE ESTABLISHED AMGAS ANNUAL PRICE BOOK OR RATE SHEETS INCLUDING BUT NOT LIMITED TO SERVICES ORDER, PURCHASE ORDERS SIGNIFICANTLY INCREASES OR ANY OTHER FORM OF COMMITMENT, THROUGH NO FAULT OF AMGASCONTRACTOR, THE PRICE OF SHALL BE EQUITABLY ADJUSTED BY AN AMOUNT REASONABLY NECESSARY TO COVER ANY SUCH SIGNIFICANT PRICE INCREASES. AS USED HEREIN, A SIGNIFICANT PRICE INCREASE SHALL MEAN ANY INCREASE IN PRICE EXCEEDING FIVE PERCENT (5%) EXPERIENCED BY AMGAS FROM THE DATE OF THE CONTRACT SIGNING. SUCH PRICE INCREASES SHALL BE DOCUMENTED THROUGH, AMENDMENTS, ADDENDUMS, PURCHASE ORDER, SERVICE ORDER REVISIONS, OR MANAGEMENT OF CHANGE, OR QUOTES.