Rates for Subsequent Rate Periods Sample Clauses

Rates for Subsequent Rate Periods. Rates for subsequent Rate Periods shall be adjusted annually in accordance with this Section 8.2 and Exhibit E using the annualized Rate Period One costs, as presented in Exhibit G1. Rates for Rate Periods Two, Three, Five, Six, Seven, Nine, Ten, and if applicable, Eleven, Thirteen, Fourteen, and Fifteen, shall be adjusted in accordance with Exhibit E1, Index-Based Rate Adjustment Methodology. Rates for Rate Periods Four, Eight, and Twelve, if applicable, shall be adjusted in accordance with Exhibit E2, Cost-Based Rate Adjustment Methodology. The index-based adjustment, which is described in Xxxxxxx X0, involves use of various cost adjustment factors (such as the percentage change in the consumer price index and changes in Tonnage and tipping fees) to calculate adjusted Rates. Such Rate adjustment calculations shall be performed in strict conformance to the procedures described in Exhibit E1. The cost-based methodology, which is described in Xxxxxxx X0, involves a review of Contractor’s actual costs and revenues and projection of costs and revenues for the coming Rate Period. This cost-based Rate adjustment shall be performed instead of the index-based Rate adjustment for Rate Periods Four, Eight, and Twelve. Such Rate adjustment calculations shall be performed in strict conformance to the procedures described in Exhibit E2.
Sample 1
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Rates for Subsequent Rate Periods. The Rate described in Section 7.2.A and any additional Rates shall be adjusted annually in accordance with this Section 9.1 commencing July 1, 2024. Rates shall be adjusted every July 1 commencing July 1, 2024 by multiplying the Rates for the current Rate Period by one (1) plus the Rate Adjustment Factor. The Rate Adjustment Factor shall equal the change in the CPI Index as measured between the CPI Index value for February of the current Rate Period and the corresponding CPI Index value for February of the prior Rate Period, rounded to the nearest hundredth of a percent. CPI Index means the Consumer Price Index for All Urban Consumers (CPI-U) for the San Francisco-Oakland-Hayward, CA area (1982-84=100) [Bureau of Labor Statistics Series I.D. CUURS49BSA0]. The Agency’s Designated Representative shall have the right to request, in his or her sole discretion, information necessary to establish the reasonableness or accuracy of Rates adjusted in accordance with this Section 9.1. After such request is made, Contractor shall promptly provide such information, which may include, but is not limited to, information regarding a Subcontractor. Contractor’s failure to fully cooperate in a timely manner with any reasonable request for information by the Agency’s Designated Representative may result in either the denial of or a delay in the approval or adjustment of Rates in accordance with this Section 9.1. At least once every five (5) years, the Parties agree to meet and confer to discuss the reasonableness of the Rate described in Section 7.2.A.
Sample 1
Rates for Subsequent Rate Periods. Rates for subsequent Rate Periods shall be adjusted 770 annually in accordance with this Section 8.2 and Exhibit E. {Agency – Use this language to adjust rates using a single inflationary index and actual changes 771 772 in Disposal and Processing charges based on the volumes delivered and tipping fees charged.} 773 The index‐based adjustment, which is described in Exhibit E1, involves applying the percentage 774 change in the consumer price index to calculate adjusted Rates. Such Rate adjustment 775 calculations shall be performed in strict conformance to the procedures described in Exhibit E1. {Agency – Use this language to adjust rates using multiple inflationary indices, each applied to 776 777 specific cost categories, and actual changes in Disposal and Processing charges based on the 778 volumes delivered and tipping fees charged.} The index‐based adjustment, which is described in 779 Exhibit E2, involves use of various cost adjustment factors (such as the percentage change in the 780 consumer price index and percentage change in the Approved Facility tipping fees) to calculate 781 adjusted Rates. Such Rate adjustment calculations shall be performed in strict conformance to 782 the procedures described in Exhibit E2. 783 {Agency – Add this language to either of the adjustment options above to allow for periodic 784 cost‐based review and adjustment of rates.} Either Party may request that Rates for Rate Period 785 XXXX and/or Rate Period XXXX be adjusted using the cost‐based methodology described in 786 Exhibit E3 that involves a review of Contractor’s actual costs and projection of cost for the 787 coming Rate Period. This cost‐based Rate adjustment, if requested by either Party, will be 788 performed instead of the index‐based rate adjustment for that Rate Period. The option to 789 request a cost‐based adjustment process during the Term of the Agreement is intended to 790 provide the Parties an opportunity to adjust Rates to more accurately reflect actual costs of 791 operations if the cost indices are not tracking with actual changes in costs. Such Rate adjustment 792 calculations shall be performed in strict conformance to the procedures described in Exhibit E3.
Sample 1
Rates for Subsequent Rate Periods. Rates for subsequent Rate Periods shall be adjusted annually in accordance with this Section 9.2 and Attachment E.
Sample 1
Rates for Subsequent Rate Periods. Rates for subsequent Rate Periods shall be adjusted annually in accordance with this Section 8.2 and Exhibit E. The index-based adjustment, which is described in Xxxxxxx X0, involves use of various cost adjustment factors (such as the percentage change in the consumer price index and changes in Tonnage and tipping fees) to calculate adjusted Rates. Such Rate adjustment calculations shall be performed in strict conformance to the procedures described in Exhibit E1. In Rate Periods Four (4) and/or Eight (8) Rates shall be adjusted using the cost-based methodology described in Exhibit E2 that involves a review of Contractor’s actual costs and revenues and projection of costs and revenues for the coming Rate Period. This cost-based Rate adjustment will be performed instead of the index-based Rate adjustment for that Rate Period. The cost-based adjustment process is intended to provide the City an opportunity to adjust Rates to more accurately reflect actual revenues and costs of operations. Such Rate adjustment calculations shall be performed in strict conformance to the procedures described in Exhibit E2.
Sample 1
Rates for Subsequent Rate Periods. On the first anniversary date of the Commencement Date of this Agreement, and on each anniversary date thereafter, 2019 Rates for services as established pursuant to this Article 10, shall be automatically 2020 adjusted upward or downward (but never to less than the initial Rates set forth in 2021 Exhibit F hereto), by the percentage change in the Construction Cost Index for the 2022 preceding twelve-month period ending September 30, as reported in the Engineering 2023 News-Record (ENR). This Construction Cost Index adjustment shall be applied to the 2024 current Rate less the Approved Disposal Facility gate fee adjustment. County shall 2025 notice Contractor when the Approved Disposal Facility gate fees are to be adjusted. 2026 In such event, Collection Rates shall be adjusted by multiplying the amount of the per 2027 ton gate fee increase by 0.12 and rounded to the nearest one cent, to arrive at the 2028 amount of the Collection Rate increase allowed per month per 35-gallon Container 2029 service, and proportionately for larger sized Containers. 2030 Unless otherwise agreed to by Contractor and County, a written notice of any Rate 2031 adjustments shall be mailed by Contractor to all Customers not later than two weeks 2032 prior to the date such changes become effective. The notice of such Rate adjustments 2033 shall be approved in advance of the mailing by the County.
Sample 1
Rates for Subsequent Rate Periods. Not later than May 1, 2021, in accordance with Attachment E, Contractor will submit a Base Year Application requesting the amount of Contractor’s Rate adjustment for Rate Year One commencing July 1, 2021. Rates for subsequent Rate Periods shall be adjusted in accordance with this Section 9.2 and Attachment E, subject to completion of any proceedings that a Member chooses to undertake under Article XIII C and/or D of the California Constitution with respect to such Rates. The Agency’s Designated Representative shall have the right to request, in his or her sole discretion, information necessary to establish the reasonableness or accuracy of Rates adjusted in accordance with this Section 9.2 and Attachment E. After such request is made, Contractor shall promptly provide such information, which may include, but is not limited to, information regarding a Subcontractor or subcontractor. Contractor’s failure to fully cooperate in a timely manner with any reasonable request for information by the Agency’s Designated Representative may result in either the denial of or a delay in the approval of Rates in accordance with this Section 9.2 and Attachment E.
Sample 1
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Rates for Subsequent Rate Periods. Rates for subsequent Rate Periods shall be adjusted annually 2262 in accordance with this Section 8.2 and Exhibit E. 2263 The index-based adjustment, which is described in Exhibit E1, involves use of various cost 2264 adjustment factors (such as the percentage change in the consumer price index and changes in 2265 Tonnage and tipping fees) to calculate adjusted Rates. Such Rate adjustment calculations shall be 2266 performed in strict conformance to the procedures described in Exhibit E1. 2267 In Rate Periods Four (4) and/or Eight (8) Rates shall be adjusted using the cost-based methodology 2268 described in Exhibit E2 that involves a review of Contractor’s actual costs and revenues and 2269 projection of costs and revenues for the coming Rate Period. This cost-based Rate adjustment will 2270 be performed instead of the index-based Rate adjustment for that Rate Period. The cost-based 2271 adjustment process is intended to provide the City an opportunity to adjust Rates to more 2272 accurately reflect actual revenues and costs of operations. Such Rate adjustment calculations shall 2273 be performed in strict conformance to the procedures described in Exhibit E2.
Sample 1

Related to Rates for Subsequent Rate Periods

  • Duration of normal Interest Periods Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 3 or 6 months; or (b) such other period (as proposed by the Borrower to the Agent not later than 11:00 a.m. (Hamburg time) 5 Business Days before the commencement of the Interest Period) as the Agent may, with the authorisation of the Majority Lenders, agree with the Borrower (failing which the Interest Period shall be three months).

  • Method of Selecting Types and Interest Periods for New Advances The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice (a "Borrowing Notice") not later than 11:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate Advance and not later than 11:00 a.m. (Chicago time) three Business Days before the Borrowing Date for each Eurodollar Advance, specifying: (i) the Borrowing Date, which shall be a Business Day, of such Advance, (ii) the aggregate amount of such Advance, (iii) the Type of Advance selected, and (iv) in the case of each Eurodollar Advance, the Interest Period applicable thereto. Not later than noon (Chicago time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available in Chicago to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower at the Administrative Agent's aforesaid address.

  • Compensation for Breakage or Non-Commencement of Interest Periods Borrower shall compensate each Lender, as promptly as practicable after written request by such Lender (which request shall set forth the basis for requesting such amounts and shall be conclusive absent manifest error), for all reasonable losses, expenses and liabilities (including any interest paid or calculated to be due and payable by such Lender to lenders of funds borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or liability sustained by such Lender in connection with the liquidation or deployment of such funds but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason (other than a default by such Lender) a borrowing of any Eurodollar Rate Loan does not occur on a date specified therefor in a Funding Notice or a telephonic request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii) if any prepayment or other principal payment of, or any conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the last day of an Interest Period applicable to that Loan; or (iii) if any prepayment of any of its Eurodollar Rate Loans is not made on any date specified in a notice of prepayment given by Borrower.

  • Base Rate Loans Substituted for Affected Fixed Rate Loans If (i) the obligation of any Bank to make or to continue or convert outstanding Loans as or into Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03(a) or 8.04 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply: (a) all Loans which would otherwise be made by such Bank as (or continued as or converted to) Euro-Dollar Loans, as the case may be, shall instead be Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related Euro-Dollar Loans of the other Banks), and (b) after each of its Euro-Dollar Loans has been repaid, all payments of principal which would otherwise be applied to repay such Loans shall be applied to repay its Base Rate Loans instead. If such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist, the principal amount of each such Base Rate Loan shall be converted into a Euro-Dollar Loan on the first day of the next succeeding Interest Period applicable to the related Euro-Dollar Loans of the other Banks.

  • Determination of Interest Periods The length of each Interest Period shall be as requested by the Borrowers under clause 3.2 but so that: 3.3.1 the first Interest Period in respect of each Tranche shall start on the Drawdown Date in respect of the first Advance in respect of that Tranche, and each subsequent Interest Period shall start on the last day of the previous Interest Period; 3.3.2 the first Interest Period in respect of each subsequent Advance shall commence on its Drawdown Date and terminate simultaneously with the Interest Period which is then current for the Tranche under which the Advance is made available; 3.3.3 if any Interest Period would otherwise overrun a Repayment Date, then, in the case of the last Repayment Date, such Interest Period shall end on such Repayment Date, and in the case of any other Repayment Date the relevant Tranche shall be divided into parts so that there is one part in the amount of the repayment instalment due on each Repayment Date falling in that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part consisting of the balance of the relevant Tranche having an Interest Period ascertained in accordance with the other provisions of this clause 3; and 3.3.4 if the Borrowers fail to specify the length of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall last three months or such other period as complies with this clause 3.3.

  • Meal Periods (a) Meal periods shall be scheduled as close as possible to the middle of the scheduled hours of work. The length of the meal period shall be agreed to at the local level and shall be not less than 30 minutes nor more than 60 minutes. (b) An employee shall be entitled to take their meal period away from the workstation. Where this cannot be done, the meal period shall be considered as time worked.

  • Base Rate Loans Substituted for Affected Euro-Dollar Loans If (a) the obligation of any Lender to make or maintain, or to convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 or (b) any Lender has demanded compensation under Section 2.16(a) with respect to its Euro-Dollar Loans and, in any such case, the Borrower shall, by at least four Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply: (i) all Loans which would otherwise be made by such Lender as (or continued as or converted into) Euro-Dollar Loans shall instead be Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related Euro-Dollar Loans of the other Lenders); and (ii) after each of its Euro-Dollar Loans has been repaid, all payments of principal that would otherwise be applied to repay such Loans shall instead be applied to repay its Base Rate Loans. If such Lender notifies the Borrower that the circumstances giving rise to such notice no longer apply, the principal amount of each such Base Rate Loan shall be converted into a Euro-Dollar Loan on the first day of the next succeeding Interest Period applicable to the related Euro-Dollar Loans of the other Lenders.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Number of Interest Periods There may be no more than 6 different Interest Periods for LIBOR Loans outstanding at the same time.

  • Interest Rate Options The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or LIBOR Rate Option set forth below applicable to the Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche; provided that (i) there shall not be at any one time outstanding more than ten (10) Borrowing Tranches in the aggregate among all of the Loans and (ii) if an Event of Default or Potential Default exists and is continuing, the Borrower may not request, convert to, or renew the LIBOR Rate Option for any Loans and the Required Lenders may demand that all existing Borrowing Tranches bearing interest under the LIBOR Rate Option shall be converted immediately to the Base Rate Option, subject to the obligation of the Borrower to pay any indemnity under Section 5.9 [Indemnity] in connection with such conversion. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest lawful rate.

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