Examples of Rate increase in a sentence
In the event that the calculation results in a calculated increase exceeding five percent (5%), Contractor may elect to either: i) accept a Customer Rate increase of no more than five percent (5%); or, ii) require that a cost-based Rate adjustment be performed under the procedures described in Exhibit E2.
If Rates are not effective by July 1 due to a delay caused solely by City, City shall allow Contractor to retroactively bill Customers for the amount of the Rate increase for any period of said delay that is solely caused by City (subject to the City’s approval of how the retroactive adjustment is billed) or the City may compensate the Contractor for lost Gross Rate Revenues.
If a Change in Law or City-directed change 2286 in scope (pursuant to Section 3.6) occurs, the Contractor may petition City for an adjustment to the Rates 2287 in excess of the annual adjustment described in Section 8.2. 2288 Contractor shall prepare an application for the extraordinary Rate increase.
Contractor’s failure to fully cooperate in a timely manner with 2305 any reasonable request for information by the City Franchise Contract Administrator may result in either 2306 the denial of or a delay in the approval of the request for an extraordinary Rate increase.
In the case of a delayed Rate adjustment, the Contractor may bill the Customer during the next billing cycle to recoup the deferred Rate increase.