Rates – Fluctuations Sample Clauses

Rates – Fluctuations. Clause 5.6.1 does not apply – where the National Schedule of Rates is NOT being used and there is no identified basis for revision, the rates given in the Schedule of Rates will remain fixed. The rates in the Schedule of Rates will be adjusted by any addition of the Adjustment Percentage or the deduction of the Adjustment Percentage, as submitted by the Contractor and evaluated at the time of tender. The basis on which Schedule of Rates is to be revised under clauses 5.6.1.2 Valuation – percentage additions (item 12.1) Overheads and profit on Materials must be included within the Schedule of Rates and Hourly Charges, as submitted by the Contractor within the Tender Submission Overheads and profit on Plant, Services and Consumable Stores must be included within the Schedule of Rates and Hourly Charges, as submitted by the Contractor within the Tender Submission Overheads and profit on Sub-Contractors must be included within the Schedule of Rates and Hourly Charges, as submitted by the Contractor within the Tender Submission Revision of Schedule of Hourly Charges (item 12.2) Clause 5.6.3 does not apply Annual revision date: N / A The basis of revision of hourly charges, must be set out in Schedule of Hourly Charges, as submitted by the Contractor within the Tender Submission Percentage addition in respect of overheads and profit on non-productive overtime rates – information to be inserted The Contractor may assume that any order issued by the Council’s Out of Hours Service out of normal working hours or classified as an emergency in accordance with the “Priority Rating for the Execution of Orders” will be deemed to give authority for overtime working provided that the works to which the order relates cannot be properly carried out during normal working hours as defined hereinbefore. The Contract Administrator’s decision shall be final and binding with regards to the payment or not for overtime. Amount of insurance cover for any one occurrence or series of occurrences arising out of one event: £5,000,000 – Councils liability £10,000,000 – public liability £5,000,000 - Percentage to cover professional fees – 15% Annual renewal date of insurance as supplied by the Contractor Details of the required Terrorism Cover The contractor shall be liable for, and shall indemnify the Council against, any expense, liability, loss, claim or proceedings in respect of any loss, injury or damage whatsoever to any property real or personal in so far as such loss, injury or dam...
Sample 1
AutoNDA by SimpleDocs
Rates – Fluctuations. Clause 5.6.1 does not apply – where the National Schedule of Rates is NOT being used and there is no identified basis for revision, the rates given in the Schedule of Rates will remain fixed.
Sample 1

Related to Rates – Fluctuations

  • Currency Fluctuations If on any Computation Date the Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative Agent shall notify the Borrower of the same. The Borrower shall pay or prepay (subject to Borrower’s indemnity obligations under Sections 5.8 [Increased Costs] and 5.10 [Indemnity]) within one (1) Business Day after receiving such notice such that the Revolving Facility Usage shall not exceed the aggregate Revolving Credit Commitments after giving effect to such payments or prepayments

  • Rates Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, (a) the continuation of, administration of, submission of, calculation of or any other matter related to the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR or any other Benchmark, any component definition thereof or rates referred to in the definition thereof, or with respect to any alternative, successor or replacement rate thereto (including any then-current Benchmark or any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor or replacement rate (including any Benchmark Replacement), as it may or may not be adjusted pursuant to Section 2.12(d)(iii), will be similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as, the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR or any other Benchmark, prior to its discontinuance or unavailability, or (b) the effect, implementation or composition of any Conforming Changes. Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto and such transactions may be adverse to a Borrower. Agent may select information sources or services in its reasonable discretion to ascertain the Term SOFR Reference Rate, Adjusted Term SOFR or Term SOFR, or any other Benchmark, any component definition thereof or rates referred to in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to any Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Rate Quotations The Borrower may call the Administrative Agent on or before the date on which a Loan Request is to be delivered to receive an indication of the rates then in effect, but it is acknowledged that such projection shall not be binding on the Administrative Agent or the Lenders nor affect the rate of interest which thereafter is actually in effect when the election is made.

  • Sleeping Room Rate(s) A. The Contractor shall provide sleeping rooms to the Attendees at the following rate during the Program: i. For single occupancy room, $@@@.@@ per night per room. B. The Contractor agrees that it will waive all applicable taxes and surcharges for Attendees listed on the Master Account Approval List, pursuant to the Hotel/Motel Transient Occupancy Tax Waiver (Exemption Certificate for State Agencies) form signed by the Judicial Council and included in this Agreement in Exhibit H. C. The Contractor may xxxx tax and/or surcharges, and/or tourism fees, if any, in addition to as included in the sleeping room rate, as set forth in this provision. D. The Contractor shall extend the sleeping room rate to Attendees two (2) Days before the Program and two (2) Days after the Program based on availability.

  • Pay Rates Unit members must have been on an active status for a minimum of six

  • Exchange Rates Notwithstanding the foregoing, for purposes of any determination under Section 9, Section 10 or Section 11 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding, or proposed to be incurred or outstanding in currencies other than Dollars shall be translated into Dollars at the Spot Rate; provided, however, that for purposes of determining compliance with Section 10 with respect to the amount of any Indebtedness, Restricted Investment, Lien, Asset Sale, or Restricted Payment in a currency other than Dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Indebtedness, Lien or Restricted Investment is incurred or Asset Sale or Restricted Payment made; provided that, for the avoidance of doubt, the foregoing provisions of this Section 1.6 shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness, Lien, or Investment may be incurred or Asset Sale or Restricted Payment made at any time under such Sections. For purposes of any determination of Consolidated Total Debt or Consolidated First Lien Secured Debt, amounts in currencies other than Dollars shall be translated into Dollars at the currency exchange rates used in preparing the most recently delivered Section 9.1

  • Base Rates Attached to and made a part of this Agreement is Appendix A which sets forth the straight-time hourly rates for all employees covered by this Agreement.

  • Overtime Rates All overtime hours shall be compensated at the rate of time and one- half (1-1/2).

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!