Rate Adjustments definition

Rate Adjustments. The rates shall be increased annually on each anniversary of the Commencement Date, beginning January 1, 2024. The rates in Exhibit A shall be increased on an annual basis by the greater of either (a) three and one-half percent or (b) the Consumer Price Index (Midwest, All Items – All Urban Wage Earners and Clerical Workers) as described below
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Examples of Rate Adjustments in a sentence

  • The rental rate adjustment will be calculated using the formula below in Lease Rate Adjustments for Changes in Scope of Work.

  • For the avoidance of doubt, the ESG Applicable Rate Adjustments shall not be cumulative year-over-year and shall only apply until the date on which the next adjustment is due to take place.

  • Employees hired on or after 7/1/2013 will adhere to the following provisions in Article 11 Section 11.16 Salary Anniversary Date (SAD) For Merit Index Rate Adjustments and Section 11.18 Performance Based Merit Delay.

  • Wage Rate Adjustments for Multiyear Contracts ……………………………………………………………………………..

  • Renewal pricing shall be based on Contractor’s pricing in the fifth year of the Contract plus no more than three percent and shall be determined in accordance with the provisions of section 27, Rate Adjustments, of the Statement of Work, Exhibit 6.

  • Upon the discovery by the Servicer that the Servicer has failed to adjust a Mortgage Rate or Scheduled Payment in accordance with the terms of the related Mortgage Note, the Servicer shall deposit in the Collection Account from its own funds the amount of any interest loss caused as such interest loss occurs; provided, however, the Servicer shall be held harmless for any Mortgage Interest Rate Adjustments made by any prior servicer.

  • A/E shall maintain files in an organized folder CPI Rate Adjustments: Rates will remain firm for the initial first year of the Agreement and such rates shall be deemed the “Initial Base Rates”.

  • The KPIs, the Borrower’s performance against the KPIs, and any related ESG Applicable Rate Adjustments resulting therefrom, will be determined based on certain certificates, reports and other documents, in each case, setting forth the calculation and measurement of the KPIs in a manner that is aligned with the Sustainability Linked Loan Principles and to be mutually agreed between the Borrower and the Sustainability Coordinator (each acting reasonably).

  • A member with an open, active checking account in good standing who is an immediate family member of a member with a qualifying UPC account may request the Rate Adjustments listed above.

  • Establish the frequency of the Cost of Service Study and the frequency of Water Rate Adjustments consistent with Section 8.3.

Related to Rate Adjustments