Annual Fee Adjustment. Commencing on the one-year anniversary of the date of this Agreement, Service Provider may annually increase the fixed fees and other fees expressed as stated dollar amounts in this Agreement by up to an amount equal to the greater of: (a) the most recent annual percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter” or a similar index should such index no longer be published, and (b) 10%.
Annual Fee Adjustment. The per account fees will be incrementally adjusted annually relative to the Consumer Price Index (CPI) change plus 2 percent.
Annual Fee Adjustment. Commencing on the one-year anniversary of the Effective Date, BISYS may annually increase the fixed fees and other fees expressed as stated dollar amounts in this Agreement by up to an amount equal to the greater of: (a) the most recent annual percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter” or a similar index should such index no longer be published, and (b) 10%.
Annual Fee Adjustment. Gatherer shall have the right to adjust all rates and fees set forth in this Agreement on an annual basis, including without limitation the Gathering Fee, the Priority Capacity Rate, the Unloading and Transportation Fee and the Treating Fee, each July 1 in accordance with FERC indexing methodology as described in 18 C.F.R. § 342.3, subject to the following qualifications. In a given index year (July 1 through June 30), Gatherer’s maximum annual fee adjustment shall be the lesser of (a) the generally applicable index adjustment as published by FERC for that given index year and (b) three percent (3%). In the event that application of the generally applicable index adjustment as published by FERC for a given index year would result in a rate decrease, Gatherer shall not be required to decrease its rates by more than three percent (3%). Any such rate adjustment shall be prorated for the first index year Gatherer is in service by multiplying (i) the lesser of the index adjustment or three percent (3%) by (ii) a fraction, the numerator of which is the number of Days between the Commencement Date and June 30 of the index year and the denominator of which is 365. The Gathering Fee, the Priority Capacity Rate and the Unloading and Transportation Fee shall never be lower than the rate agreed to in this Agreement.
Annual Fee Adjustment. Effective August 1 of each year during the term of this Agreement (other than August 1, 1996), the Base Consulting Fee and the Supplemental Unit Rate shall be increased by five percent (5%) over the Base Consulting Fee and the Supplemental Unit Rate then in effect, respectively.
Annual Fee Adjustment. The Fee may shall be increased by the Licensor on each anniversary date of this Agreement by 3.0 % or the CPI rounded down to the nearest whole number, whichever is lower in the amount that the Licensor determines is reasonable after notice and consultation with the Licensee.
Annual Fee Adjustment. Beginning on January 1, 2024 and each January 1st thereafter (“Index Date”), the Base Fees for all Portfolios serviced as of each Index Date shall be increased annually by three-percent (3%) for the calendar year ended immediately prior to the relevant Index date. State Street retains the right, in its sole discretion, to modify its pricing for the services if the Portfolio composition or scope of services materially changes from the Portfolio composition or scope services in effect as of the effective date of this Service Schedule. The Client will be notified forty-five (45) days in advance of the intention by State Street to increase such fees or to assess such additional expenses and the bases on which they will be determined. The Client acknowledges and agrees that after expiration of such forty-five (45) day advance notice period such additional fees and expenses shall become obligations of, and be payable by, the Client in respect of the continued use of the Services by the Client.
Annual Fee Adjustment. Commencing on the two-year anniversary of the Effective Date, Citi may annually increase the fixed fees and other fees expressed as stated dollar amounts in this Agreement by up to an amount equal to the greater of: (a) the most recent annual percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter” or a similar index should such index no longer be published, and (b) 5%.
Annual Fee Adjustment. Beginning on July 1, 2023 and each July 1st thereafter (“Index Date”) until terminated in accordance with Section C, below, the Base Fees for all Portfolios serviced as of each Index Date shall be increased annually by three-percent (3%) for the calendar year ended immediately prior to the relevant Index date. State Street retains the right, in its sole discretion, to modify its pricing for the services if the Portfolio composition or scope of services materially changes from the Portfolio composition or scope services in effect as of the effective date of this Service Schedule. The Client will be notified forty-five (45) days in advance of the intention by State Street to increase such fees or to assess such additional expenses and the bases on which they will be determined. The Client acknowledges and agrees that after expiration of such forty-five (45) day advance notice period such additional fees and expenses shall become obligations of, and be payable by, the Client in respect of the continued use of the Services by the Client.
Annual Fee Adjustment. Fees will be subject to a change based on the applicable Employment Cost Index (ECI) for total compensation (non-seasonally adjusted) for private industry workers, by occupation and industry, office & administrative support. Fee changes will be applied in January of each year based on the change in the 12 months ended for September of the prior year. For the sake of clarity, the rate change in January of a given year will be calculated by the percent change between the labor index in the September sixteen months prior and September four months prior. The publication of the Employment Cost Index can be found at xxxxx://xxx.xxx.xxx/web/eci/ecicois.pdf.
