Common use of RRI Financial Information Clause in Contracts

RRI Financial Information. On or before April 15, 2017, and annually thereafter during the Term of this agreement, Contractor shall deliver to County compiled or audited financial information per Section 10.05 for the specific services performed under this agreement for the preceding Calendar Year. Such financial information shall be in the format as set forth in Attachment E, or as may be further revised by County from time to time. If Contractor fails to submit the financial information in the required format by April 15th, it is agreed that Contractor shall be deemed to have waived the RRI adjustment for that year. Contractor’s failure to provide the financial information by March 15th shall not preclude County from applying the RRI using the prior year’s financial data, or pro forma data if no prior year financial data is available, if that Application would result in a negative RRI. A. Annual adjustments shall be made only in units of one cent ($0.01). Fractions of less than one cent ($0.01) shall not be considered in making adjustments. The indices shall be truncated at four (4) decimal places for the adjustment calculations. B. If Contractor’s failure to submit the required financial information by April 15th is the result of extraordinary or unusual circumstances as demonstrated by Contractor to the satisfaction of County, County at its sole discretion, may extend its review period to consider the request for the annual RRI rate adjustment. C. As of May 15, 2016, and annual thereafter during the Term of this agreement, County shall notify Contractor of the RRI adjustment to the affected rates to take place on July 1st of that year.

RRI Financial Information. On or before April 15, 20172016, and annually thereafter during the Term of this agreementAgreement, Contractor shall deliver to County compiled or audited financial information per Section 10.05 for the specific services performed under this agreement Agreement for the preceding Calendar Year. Such financial information shall be in the format as set forth in Attachment E, or as may be further revised by County from time to time. If Contractor fails to submit the financial information in the required format by April 15th, it is agreed that Contractor shall be deemed to have waived the RRI adjustment for that year. Contractor’s failure to provide the financial information by March 15th shall not preclude County from applying the RRI using the prior year’s financial data, or pro forma data if no prior year financial data is available, if that Application would result in a negative RRI. A. Annual adjustments Adjustments shall be made only in units of one cent ($0.01). Fractions of less than one cent ($0.01) shall not be considered in making adjustments. The indices shall be truncated at four (4) decimal places for the adjustment calculations. B. If Contractor’s failure to submit the required financial information by April 15th is the result of extraordinary or unusual circumstances as demonstrated by Contractor to the satisfaction of County, County at its sole discretion, may extend its review period to consider the request for the annual RRI rate adjustment. C. As of May 15, 2016, and annual thereafter during the Term of this agreementAgreement, County shall notify Contractor of the RRI adjustment to the affected rates Rates to take place on July 1st of that year.

RRI Financial Information. On or before April 15, 2017, and annually thereafter during the Term of this agreement, Contractor shall deliver to County compiled or audited financial information per Section 10.05 for the specific services performed under this agreement for the preceding Calendar Year. Such financial information shall be in the format as set forth in Attachment E, or as may be further revised by County from time to timeagreement of the Parties. If Contractor fails to submit the financial information in the required format by April 15th, it is agreed that Contractor shall be deemed to have waived the RRI adjustment for that year. Contractor’s failure to provide the financial information by March April 15th shall not preclude County from applying the RRI using the prior year’s financial data, or pro forma data if no prior year financial data is available, if that Application would result in a negative RRI. A. 1. Annual adjustments shall be made only in units of one cent ($0.01). Fractions of less than one cent ($0.01) shall not be considered in making adjustments. The indices shall be truncated at four (4) decimal places for the adjustment calculations. B. 2. If Contractor’s failure to submit the required financial information by April 15th is the result of extraordinary or unusual circumstances as demonstrated by Contractor to the satisfaction of County, County at its sole discretion, may extend its review period to consider the request for the annual RRI rate adjustment. C. 3. As of May 15, 2016, and annual thereafter during the Term of this agreement, County shall notify Contractor of the RRI adjustment to the affected rates to take place on July 1st of that year.

RRI Financial Information. On or before April 15, 2017, and annually thereafter during the Term of this agreement, Contractor shall deliver to County compiled or audited financial information per Section 10.05 for the specific services performed under this agreement for the preceding Calendar Year. Such financial information shall be in the format as set forth in Attachment E, or as may be further revised by County from time to timeagreement of the Parties. If Contractor fails to submit the financial information in the required format by April 15th, it is agreed that Contractor shall be deemed to have waived the RRI adjustment for that year. Contractor’s failure to provide the financial information by March 15th shall not preclude County from applying the RRI using the prior year’s financial data, or pro forma data if no prior year financial data is available, if that Application would result in a negative RRI. A. 1. Annual adjustments shall be made only in units of one cent ($0.01). Fractions of less than one cent ($0.01) shall not be considered in making adjustments. The indices shall be truncated at four (4) decimal places for the adjustment calculations. B. 2. If Contractor’s failure to submit the required financial information by April 15th is the result of extraordinary or unusual circumstances as demonstrated by Contractor to the satisfaction of County, County at its sole discretion, may extend its review period to consider the request for the annual RRI rate adjustment. C. 3. As of May 15, 2016, and annual thereafter during the Term of this agreement, County shall notify Contractor of the RRI adjustment to the affected rates to take place on July 1st of that year.