Base Rate Adjustments Sample Clauses
Base Rate Adjustments i. Notwithstanding any Base Rate published by PHA in its Tariffs, the Base Rate applicable to Carrier shall be adjusted annually throughout the Term of this Agreement as described in this paragraph. Commencing on January 1, 2016 and continuing on January 1st of each year thereafter during the Term (the “Adjustment Date[s]”), the annual Base Rate shall be adjusted to an amount equal to the product of (a) the Base Rate for the calendar year immediately preceding the Adjustment Date (“Base Rate Year”) multiplied by
Base Rate Adjustments. Base Rate Adjustments for Single Family Residential Services will follow the schedule for contract Year 2 and Year 3, as set forth in Exhibit A. Base Rate Adjustments for Single Family Residential Services for contract Year 4 and all subsequent years will follow the Base rate adjustments as set forth below. All other services provided under this contract will follow the Base rate adjustments beginning contract Year 2, as set forth below. Base Rate Adjustments shall be automatically adjusted once each year on October 1 and continuing through any and all renewal terms. Base rate adjustments shall be reflective of the Consumer Price Index (CPI) adjustments. CPI adjustments shall be computed by utilizing the Consumer Price Index (CPI) for All Urban Customers, All U.S. City Average, All Items, Not Seasonally Adjusted, as published by the U.S. Departmentof Labor, Bureau of Labor Statistics. The annual Base Rate Adjustment shall not exceed 5% total. The Contractor shall attend the June City Council meeting each year to update the City Council on garbage collection issues and present the CPI data explaining the calculation of the fee increase to be effective on October 1 of that year. In addition to the above, GFL may request from the City an additional rate adjustment if the CPI exceeds 5%. Any such additional rate adjustment must be approved by City Council before becoming effective.
Base Rate Adjustments. The Company’s original temporary rate change proposal included certain prepayments in rate base. Prepayments represent payments for services in advance, such as insurance premiums. For purposes of this settlement agreement, the Company shall remove all prepayments included in rate base in the temporary rate calculation. The Company’s original temporary rate change proposal also included certain regulatory assets and liabilities in rate base. For purposes of this settlement agreement, the Company shall remove all regulatory assets and liabilities included in rate base, for temporary rates, which have not been
Base Rate Adjustments