Adjustment of Collection Cost Sample Clauses

Adjustment of Collection Cost. On October 1, 2022, and on each October 1st thereafter, the Contractor or the Authority may adjust the prices set forth in the Contract based upon any increase or decrease in the CPI as provided below. The US Department of Labor CPI Index ID CUSR0000SEHG for Water, Sewer and Trash Collection Services shall be the basis for all price adjustments during the term of the Contract. The prices shall be adjusted annually by the net changes in the CPI for the preceding twelve months, not to exceed a 4.0% increase regardless of the actual CPI. The index for the 12-month period beginning the month of September of the calendar year preceding the then current calendar year shall be the base number (the "Base Index") and the corresponding index number for the month of September for the current calendar year shall be the current number (the "Current Index") and shall be the amount of increase or decrease for the new contract year. The recalculated price shall be effective beginning October 1st of the anniversary of the next period after written notice of the recalculation is received by the Authority. A change in prices may be made only once in any twelve-month period and each adjustment will be made only on the basis of the CPI for the twelve-month period preceding the adjustment. The Authority may give notice of a decrease in the same manner as the Contractor may give notice of an increase. Written Notice of Price Adjustment must be made by the Contractor to the Authority or vice versa no later than September 30th of each year that the Contract permits a CPI adjustment. If either party fails to give written notice of price adjustment by September 30th, then no adjustment to the prices will be made for the forthcoming twelve-month period of the Contract and no future adjustment to prices will be made on the basis of the CPI for the twelve-month period preceding the due date of the missed Notice of Adjustment. No mid-year adjustments will be made except to correct errors. If an error is found, the quantity adjustments will be effective from the date when the adjustment is agreed upon by both parties. In addition, upon written documented request by Contractor, prices shall be adjusted to account for (1) material changes in Contractor’s revenues or expenses resulting from a Force Xxxxxx event and/or (2) any change in law, statute, rule, regulation, ordinance, order or requirement of any federal, state, regional or local government that is effective after the Effective Dat...
AutoNDA by SimpleDocs

Related to Adjustment of Collection Cost

  • Costs of Collection In any dispute involving monies owed to Company, the Company shall be entitled to all costs of collection, including reasonable attorney’s fees and interest at 15% per annum or the highest rate allowed by law, whichever is less, unless a lower amount is agreed to by Company.

  • Collection Costs In the event collection efforts are required to obtain payment on this Account, to the extent permitted by law, You agree to pay all court costs, private process server fees, investigation fees or other costs incurred in collection and reasonable attorneys' fees incurred in the course of collecting any amounts owed under this Agreement or in the recovery of any Collateral.

  • Administrative Cost Recovery 3.1 In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may, following deposit of Contribution funds, deduct from such funds and retain for the Bank’s own account an amount equal to five percent (5.0%) of the Contributions.

  • Construction Cost Adjustment Contracting Officer, as provided in B5.21, B5.212, B5.251, B5.252, and B5.253, shall adjust Specified Road construction cost estimates in the Schedule of Items and show the adjustments as credits or debits to Timber Sale Account in the month when the road segment is accepted.

  • Cost Recovery Fee You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase electricity in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel this Agreement early, you will be responsible for paying the cost recovery fee (“Cost Recovery Fee”) set forth in the Contract Summary, which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electricity to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses. It will take time for your local utility company to cancel your XOOM account. During that time you agree to pay for the electricity you consume that is supplied by XOOM.

  • Allocation of Subordinate Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Hours of Collection Collection of Solid Waste, Recyclable Materials, and Compostable Materials, may occur only within hours authorized by the City. The Municipal Code currently prohibits collection of Solid Waste, Recyclable Materials or Compostable Materials (1) earlier than 6:00 a.m. or later than 6:00 p.m. in residential districts and at schools, churches and commercial premises adjacent to residential districts, and (2) earlier than 4:00 a.m. or later than 9:00 p.m. in commercial districts subject to reasonable modification made by the Director.

  • INTEREST CALCULATION COSTS 10.1 As set forth in 31 CFR 205.27, interest calculation costs are defined as those costs necessary for the actual calculation of interest, including the cost of developing and maintaining clearance patterns in support of the interest calculations. Interest calculation costs do not include expenses for normal disbursing services, such as processing of checks or maintaining records for accounting and reconciliation of cash balances, or expenses for upgrading or modernizing accounting systems. Interest calculation costs in excess of $50,000 in any year are not eligible for reimbursement, unless the State provides justification with the annual report.

  • Sample Collection The collection and testing of the samples shall be performed only by a laboratory and by a physician or health care professional qualified and authorized to administer and determine the meaning of any test results. The laboratory performing the test shall be one that is certified by the National Institute of Drug Abuse (NIDA). The laboratory chosen must be agreed to between the Union and the Employer. The laboratory used shall also be one whose procedures are periodically tested by the NIDA where they analyze unknown samples sent to an independent party. The results of employee’s tests shall be made available to the Medical Review Officer. Collection of urine samples shall be conducted in a manner, which provides the highest degree of security for the sample and freedom from adulteration. Recognized strict chain of custody procedures must be followed for all samples as set by NIDA. The Union and the Employer agree that security of the biological urine samples is absolutely necessary therefore the Employer agrees that if the security of the sample is compromised in anyway, any positive test shall be invalid and may not be used for any purpose. Urine samples will be submitted as per NIDA Standards. Employees have the right for Union or legal counsel representative to be present during the submission of the sample. A split sample shall be reserved in all cases for an independent analysis in the event of a positive test result. All samples must be stored in a scientific acceptable preserved manner as established by NIDA. All positive confirmed samples and related paperwork must be retained by the laboratory for at least six (6) months or for the duration of any grievance, disciplinary action or legal proceedings whichever is longer. At the conclusion of this period, the paperwork and specimen shall be destroyed. Tests shall be conducted in a manner to ensure that an employee’s legal drug use and diet does not affect the test results.

  • Funding Adjustments Funding Adjustments may be made for the following reasons and in the following manner:

Time is Money Join Law Insider Premium to draft better contracts faster.