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:
(a) labor costs, including all payroll burden and benefits paid by Contractor for its employees;
(b) if Operator requires Contractor to increase the number of Contractor’s Personnel;
(c) if it becomes necessary for Contractor to change the work schedule of its personnel or change the location of its Operating Base or Operating Area;
(d) in the event described in Paragraph 1102;
(e) if the cost of insurance premiums increases by five percent (5%) or more;
(f) if the cost of catering increases by five percent (5%) or more;
(g) if there is any change in laws, rules, regulations, legislation or classification society rules, including the enforcement or interpretation thereof, that increases Contractor’s financial burden; and
(h) the rates listed herein shall be increased for costs other than those listed above on the Commencement Date and at three (3) month intervals thereafter based on changes in the Bureau of Labor Statistics Oil Field and Gas Field Drilling Machinery Producer Price Index (Series ID WPU119102) as published by the U.S. Department of Labor from that reported for the month of the Effective Date. Said rates shall be increased proportionately by the percentage specified in Appendix A for each change of five percent (5%) in said Index. ARTICLE VIII - INVOICES, PAYMENTS AND LIENS 801. Monthly Invoices 802. Payment
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 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 Paragraph:
(a) labor costs, including all payroll burden and benefits paid by Contractor for its employees;
(b) if Operator requires Contractor to increase the number of Contractor’s Personnel;
(c) if it becomes necessary for Contractor to change the work schedule of its personnel or change the location of its Operating Base or Operating Area;
(d) in the event described in Paragraph 1102;
(e) if the cost of insurance premiums increases by five percent (5%) or more;
(f) if the cost of catering increases by five percent (5%) or more; and
(g) the rates listed herein shall be increased for costs other than those listed above on the Commencement Date and at three (3) month intervals thereafter based on changes in the Bureau of Labor Statistics Oil Field and Gas Field Drilling Machinery Producer Price Index (Series ID WPU119102) as published by the U.S. Department of Labor from that reported for the month of the Effective Date. Said rates shall be increased proportionately by the percentage specified in Appendix A for each change of five percent (5%) in said Index. 710. Change in Law In the event that the laws, ordinances, rules, regulations, by-laws, orders and the like, including, but not limited to the fiscal, tax laws, tax regulations, and interpretations, whether of governmental, national, federal, state or local authority or other agencies or other authority having jurisdiction over the Operating Area and/or the parties to the Contract and which are or may become applicable or classification society rules change, including changes in the interpretation and enforcement thereof, or practices applicable to the Operating Area following the date specified in Appendix A of this Contract, including any extension thereof, which cause an increase in operating costs or any taxes, duties, fees, expenses and charges assessed or levied against Contractor's Personnel or Contractor's Items or otherwise relating to the Contract, Operator will fully reimburse Contractor for any such increase. 711. Change in Locale of Operating Area Upon one hundred twenty (120) days written notice to C...
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. 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:
A. if Personnel Costs provided for in the Schedule B increase after 1 February 1996, including all payroll burden and benefits paid by Charterer for its employees due to a corporate wage increase by Charterer, then the rates provided for in Schedule B shall increase a like amount no sooner than 1 February 1996 subject to approval by Owner, which approval shall not be withheld unreasonably.
B. if Client or Owner requires Charterer to increase the number of Charterer's Personnel, then the rates provided for in Schedule B shall, subject to 3.6, increase in relation thereto, including the costs of including labor burden and benefits.
C. if upon periodic review, which reviews shall occur at least quarterly, by Owner and Charterer, the burdens and costs reflected in Schedule B for Jonex Xxx liability insurance, travel, safety, training, raises, bonuses, and relocation expenses are, in reasonable, good faith, mutually agreed to be more or less than the actual costs, then appropriate adjustments shall be made to the burdens and actuals in Schedule B as mutually agreed, in reasonable, good faith, by Owner and Charterer.
D. if at any time the management/shorebased personnel shown in Schedule B are not committing, directly or indirectly, all or substantially all of their business time to the Vessel, invoiced personnel costs related thereto from Charterer to Owner pursuant to this Charter shall be reduced accordingly to reflect work time not chargeable to the Vessel. It being the intention of the parties hereto that the Personnel Costs related to such management/shorebased personnel are in exchange for such personnel committing all or substantially all of their business time to the Vessel.
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. The rates and/or payments 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 vary by more than the amount indicated below from the Contractor’s cost thereof by 5% or by the same amount after the date of any revision pursuant to this clause, all as evidenced by reasonable written documentation supplied to the other Party:
(a) if labor costs, including all benefits and the cost of foreign income taxes paid by Contractor for its expatriate employees vary by more than five percent;
(b) if Operator requests Contractor to increase the number of Contractor’s Personnel in accordance with Clause 304 ;
(c) if it becomes necessary for Contractor to change the work schedule of its personnel as a result of a written request from Operator;
(d) in the event described in Clause 1202 (Assignment)
(e) if there is any change in legislation (other than Corporate tax legislation) by the Country of Operations granting Operator the concession in which Contractor is working that alters Contractor’s financial burden;
(f) if the cost of insurance premiums varies by more than five percent;
(g) if Contractor’s interest rate varies by more than one-half of one percent.
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. 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 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 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. 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 quarter $30,000 Actual Average Diesel Price during previous quarter 80 c/L =$250.27 payable by CSR to ...
