Common use of Emergency Rate Redetermination Clause in Contracts

Emergency Rate Redetermination. Forest Service shall redetermine rates if, upon Purchaser's application, Forest Service determies that, because of changes in the timber market since the award date or the last rate redetermination under this provision, the Producer Price Index identified in A20 has declined by 25 percent. Rates shall be redetermined under B3.3 and shall be considered established under B3.1 for timber Scaled subsequent to Purchaser's application. This Subsection shall not apply during Contract Term Extension.

Emergency Rate Redetermination. Forest Service shall redetermine rates if, upon PurchaserContractor's applicationappli- cation, Forest Service determies that, because of changes in the timber market since the award date or the last rate redetermination under this provision, the Producer Price Index identified in A20 A.20 has declined by 25 percent. Rates shall be redetermined under B3.3 D.3 and shall be considered established under B3.1 D.1 for timber Scaled subsequent to Purchaser's Con- tractor’s application. This Subsection shall not apply during Contract Term Extension.

Emergency Rate Redetermination. Forest Service shall redetermine rates if, upon PurchaserContractor's applicationap- plication, Forest Service determies that, because of changes in the timber market since the award date or the last rate redetermination under this provision, the Producer Price Index identified in A20 AT.17 has declined by 25 percent. Rates shall be redetermined under B3.3 DT.3 and shall be considered established under B3.1 DT.1 for timber Scaled subsequent to Purchaser's Contractor’s application. This Subsection shall not apply during Contract Term Extension.