Charges adjustment Sample Clauses
The Charges Adjustment clause defines the process for modifying the fees or charges specified in an agreement. Typically, this clause outlines the circumstances under which charges may be increased or decreased, such as changes in scope, regulatory requirements, or cost fluctuations, and may specify notice periods or approval processes for such adjustments. Its core practical function is to provide a clear mechanism for adapting financial terms to changing conditions, thereby ensuring fairness and flexibility for both parties.
Charges adjustment a) Adjustment of charges in relation to previous years The Vendor shall personally attend to the adjustment of charges for previous years.
b) Adjustment of charges non-recoverable from Tenants for the current year Non-recoverable charges likely to arise, as the case may be, due to legal or regulatory provisions and contractual stipulations shall be divided pro rata temporis between the Parties, namely: - the non-recoverable charges for the period prior to the Sale shall be borne by the Vendor; - the non-rechargeable charges for the period after the Sale shall be borne by the Purchaser. Said allocation shall be made directly between the Parties concomitantly with the adjustment of rechargeable rental charges. The Parties shall come together at the end of the year to jointly determine the amount of non-rechargeable charges and payments to be made in order to comply with the aforementioned time apportionment allocation rule.
c) Adjustment of charges recoverable from Tenants for the current year A table has been drawn up by the Vendor and relevant to the date hereof, presenting a calculation of interim payments for charges and work collected from the Tenant since 1 January of the current year less the recoverable expenditure paid or to be paid by the Vendor for the same period, as well as the associated supporting documents.
Charges adjustment. In addition to its other rights under this section to increase the Charges in certain specified circumstances, Provider shall be entitled to increase the Recurring Charges for any Services following the expiry of the Initial Term or Renewal Term for the Services in question by serving not less than thirty (30) days written notice on the Customer. In the event that the Customer does not wish to pay the increased Recurring Charges then it shall within fifteen days of receipt of the relevant notice from Provider serve three months written notice to terminate the provision of the Services in question. During that notice period, the Recurring Charges for the Service in question shall not include the increase proposed by Provider which resulted in the Customer electing to terminate the provision of that Service. Where any Charges are stated to be based on the volume of the Customer’s use of a Service then Provider shall be entitled to vary such Charges at any time in accordance with the relevant SA, OF, SOW or Service Definition to reflect the actual use of that Service by the Customer from time to time. More generally, Customer acknowledges that the Charges agreed in the Agreement and/or relevant SA, OF, SOW are specific to the exact Services, volumes, locations and time frames and conditions quoted at the time of execution of the applicable SA, OF or SOW. Such Charges are also based on the assumption that there will be no increase in the costs to Provider generally of providing such Services (including without limitation increase as a result of changes in Legal Requirements, increase in rent, rates, taxes, electricity and any utility charges). Therefore if Customer significantly delays, changes, or expedites the Services, volumes, locations and time frames for installation, or in the event of any subsequent increase in the costs to Provider of providing such Services, Provider reserves the right to adjust the Non-Recurring Charges, and/or Recurring Charges associated with the Services at issue to reflect such increase. If any Service is to include any circuit installation or network connectivity to any Customer Equipment or Customer premises and such technology is found to be unavailable at that site or if the installation Charges may be higher than those specified in the relevant SA, OF or SOW due to circumstances or issues not originally contemplated by the parties at the date such Charges were agreed, the Customer shall pay all reasonable costs incurred by ...
Charges adjustment. Notwithstanding the foregoing, ▇▇▇▇ reserves the right to adjust the Charges during the Initial Term and/or the Term, and to communicate this to the Customer in writing with at least one month's notice. Charges’ changes may arise, including but not limited to price adjustments of the individual shipping service providers, an increase or changes in wage and labour agreements. In addition, ▇▇▇▇ reserves the right to apply an inflation adjustment to all non-shipping related costs once a quarter, based on the consumer price index (CPI) of the corresponding country. In the above cases, the Customer has a special right of termination, which he can make use of within 14 days after being informed about the Charges‘ increase. After this period, the Charges‘ increase is deemed to be agreed. It is agreed that changes to fuel surcharges and other dynamic surcharges, as well as storage charges as indicated in the Offer are excluded from this special right of termination, since they are agreed to be dynamic in nature and can change at any time without notice from ▇▇▇▇ to the Customer: - The agreed storage charges to be invoiced to the customer by ▇▇▇▇ in relation with the Services shall be revised on a monthly basis by ▇▇▇▇, based on a ratio of inventory quantity held across warehouses divided by total forecasted weekly volume based on historical performance of the last three (3) months, as further detailed under the following link (hereinafter referred to as the “Ratio”). The calculation of the Ratio is done monthly by ▇▇▇▇. - Based on the calculation of the Ratio under the following link, in case the Ratio: - is equal or higher than twenty-four (24) weeks in any given monthly calculation, ▇▇▇▇ shall be allowed to increase the storage charges of the current month up to one hundred percent (100%). - is equal or higher than twenty-four (24) weeks consecutively for 12 months, on top of the last invoiced amount, ▇▇▇▇ shall charge to the Customer 10 EUR / 10 GBP, as applicable per pallet per month and 5 EUR / 5 GBP, as applicable, per shelf per month. - Notwithstanding the foregoing, it is agreed between the Parties that ▇▇▇▇ shall not revise (by increasing or decreasing) the agreed Charges of the above-mentioned Services, including the charges for storage, during the first six (6) months of the Services. This means that the Ratio will only be used as of the beginning of the seventh month after the Delivery Date. Should the Customer wish to request a Charges‘ review by ▇▇▇▇...