Emergency Rate Increases Sample Clauses
The Emergency Rate Increases clause allows a service provider to raise its rates outside of the normal schedule in response to unforeseen or urgent circumstances. Typically, this clause outlines the specific conditions under which such increases can be implemented, such as sudden regulatory changes, significant cost spikes, or natural disasters, and may require the provider to give notice to the client. Its core function is to provide flexibility for the provider to cover unexpected costs, ensuring continued service delivery while addressing risks associated with unpredictable events.
Emergency Rate Increases. The Commission may adjust the Wholesale Customers’ rates without complying with the requirements of Section 6.03.A in response to an Emergency that damages the Regional Water System and disrupts San Francisco’s ability to maintain normal deliveries of water to Retail and Wholesale Customers. In such an Emergency, the Commission may adopt an emergency rate surcharge applicable to Wholesale Customers without following the procedures set forth in this section, provided that any such rate surcharge imposed by the Commission shall be applicable to both Retail and Wholesale Customers and incorporate the same percentage increase for all customers. Any emergency rate surcharge adopted by the Commission shall remain in effect only until the next-budget coordinated rate- setting cycle.