Escalation Date Sample Clauses

The Escalation Date clause defines the specific date on which certain terms, such as prices, rates, or obligations, are subject to increase or adjustment according to the contract. Typically, this clause will specify how and when the escalation occurs, for example, by linking price increases to an annual anniversary, a set calendar date, or an external index. Its core practical function is to provide a clear and predictable mechanism for adjusting contractual terms over time, thereby managing expectations and reducing disputes related to changes in costs or obligations.
Escalation Date. The term “Escalation Date” means the first day of the second Lease Year and on the first day of each Lease Year thereafter.
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Escalation Date. As defined in Article III.
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Related to Escalation Date

  • Adjustment Date 6 Advance.......................................................................6 Affiliate.....................................................................6 Agreement.....................................................................6

  • Determination Date The Business Day immediately preceding the related Remittance Date.

  • Escalation If parties are unable to resolve the issue in a timely manner, as specified above, either Sourcewell or Supplier may escalate the resolution of the issue to a higher level of management. The Supplier will have 30 calendar days to cure an outstanding issue.

  • Calculation Dates The interest rate applicable to each Interest Reset Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be.

  • Non-Escalation Unless otherwise specified within the RFP documents, the unit prices reflected on the contract shall remain firm with no provision for price increases during the term of the contract.