Variation of Rates. The rates and payment herein set forth shall be revised by the actual amount of the change in Contractor’s cost if an event as described below occurs or if the cost of any of the items hereinafter listed shall increase by more than the amount indicated below from Contractor’s cost thereof on the Effective Date or by the same amount after the date of any revision pursuant to this Paragraph:
Variation of Rates. All rates, prices or sums set out in this Contract have been fixed by the Parties prior to or on the Effective Date and shall not be altered except in accordance with the provisions (if any) stated in the Schedule of Rates & Payment in Schedule III of the Contract.
Variation of Rates. The Remuneration Rates (excluding Drop Allowance which is fixed for the life of Cartage Contracts pursuant to this Agreement) will be varied on 1 July each year in accordance with the mechanism below. In the case that the variation calculation is delayed waiting for any index number to be published, any variation in the rates will be backdated to 1 July of the year in question. The variation payable from 1 July 2005 will be reduced by 2.5% to reflect the inclusion of a negotiated 2.5% increase in the initial Rates payable under this Agreement, however this will not result in a reduction of the rates. In the event that the variation payable at 1 July 2005 is calculated to be less than 2.5%, the rates payable under this Agreement will be maintained at the initial rates until a rate review effective 1 July 2006. Cost Component % of Rate Index Base Wages 38% Enterprise Agreement between CSR Limited and Transport Workers Union of New South Wales for PGH Bricks & Pavers (NSW) - Grade 7 Weekly Wage Rate at 30 June immediately preceding each Rate Review $717.00 Fuel 12% Average BP Diesel Card Price (for the preceding 12 months) less CSR Discount (5 c/L excl GST) and Diesel Energy Grant (18.5 c/L excl GST) 69.8 c/L Capital - Vehicle including Trailer & Fork or Crane 11% ABS CPI, Transportation Group, Motor Vehicles (at 31 March immediately preceding Rate Review) 101.9 Insurances 6% ABS CPI, Miscellaneous Group, Insurance Services (at 31 March immediately preceding Rate Review) 242.7 Repairs & Maintenance 3% ABS CPI, Transportation Group, Repairs & Servicing (at 31 March immediately preceding Rate Review) 139.5 70% The applicable percentage changes in each Cost Component will be multiplied by the above "% of Rate", and the results then totalled to arrive at the applicable rate adjustment Rate changes at each 1 July will then occur by agreement, having regard to all of the factors in Clause 6 "Adjustment of Rates" in the Agreement Fuel Cost Surcharge/Rebate At the end of each Quarter (or part thereof) during the agreement (ie on 1 July, 1 October, 1 January & 1 April), the Carrier payments for the previous Quarter (excluding any Drop Allowance) will be adjusted for the actual price of Diesel compared to the Base price of diesel for the period under review. Sample Calculations Assumptions In the case that Diesel price is higher than the Base Price for the period in question, say Base Diesel Price 74.8 c/L Carrier Payments (excluding Drop Allowance) during previous qua...
Variation of Rates. The rates set forth herein shall be increased (but not decreased) by the actual amount of any documented change in Contractor's costs resulting from (a) any change in laws, rules, regulations, or legislation, including the enforcement or interpretation thereof, or (b) any increase in Contractor's costs for Egyptian personnel (but not expatriate personnel), spares, materials, or services that is beyond Contractor's reasonable control. The following limitations shall apply to Contractor's ability to increase its rates pursuant to this Section 7.10: (i) Contractor shall not be entitled to increase its rates more than once per calendar quarter, and (ii) Contractor shall not be entitled to increase its rates unless its costs have increased by 1% or more since the later of the date of this Agreement or the date of the last rate increase pursuant to this Section 7.10. For the avoidance of doubt, once Contractor's costs have increased by 1% or more, Contractor shall be entitled to a rate increase for the entire amount of its increased costs.
Variation of Rates. Since certain expenses related to the operation of the Vessel are passed through to the Owner at cost, except for Personnel Costs which are provided for in Schedule B, and certain insurance costs which are provided for in Article 4, expenses subtracted from the Dayrate under this Charter shall be varied as follows:
Variation of Rates. Provided that no revision of the rates listed below under (a), (e), (f), (g) or (h) shall occur during the first three hundred sixty five (365) days following the Effective Date, the rates and payment herein set forth shall be revised by the actual documented amount of the change in Contractor’s cost if an event as described below occurs or if the cost of any of the items hereinafter listed shall increase or decrease by more than 5% from Contractor’s cost thereof on the Effective Date and by any further subsequent revisions in Contractor’s costs throughout the term of the Contract:
Variation of Rates. (a) Provided that no revision of the rates listed below shall occur more than once during any [***] month period, the rates and payment herein set forth shall be revised by the actual amount of the change in Contractor’s cost (as documented by Contractor to Operator’s reasonable satisfaction) if an event described below occurs or if the cost of any of the items hereinafter listed shall increase (as documented by Contractor to Operator’s reasonable satisfaction) by more than the amount which may be indicated below from Contractor’s cost thereof on the Effective Date or by the same amount after the date of any revision pursuant to this Section 3.7:
