Fuel Cost Adjustment Sample Clauses
A Fuel Cost Adjustment clause allows for the contract price to be modified in response to fluctuations in fuel costs during the term of the agreement. Typically, this clause outlines a formula or method for calculating price changes based on published fuel price indices or actual costs incurred, and may specify thresholds or caps for adjustments. Its core practical function is to fairly allocate the risk of volatile fuel prices between the parties, ensuring that neither side is unduly burdened by unexpected increases or decreases in fuel expenses.
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Fuel Cost Adjustment. Section 205.05, Paragraph 16 of the Standard Specifications will be null and void. Receipt number 2003 Related form version 18 The requirements herein apply to contracts to be issued by the City of Lincoln, Lancaster County, the ▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ County Public Building Commission, and the West Haymarket Joint Public Agency. For purposes of certificates, endorsements and other proof required herein, only include the entity issuing the contract.
Fuel Cost Adjustment. The BASE AFFREIGHTMENT RATES set forth on Exhibit C are based on the weighted average price of fuels including any handling and delivery costs where applicable of $0.4213 per gallon (Benchmark Fuel Price). Following each month during a SHIPPING SEASON, CARRIER shall determine the value of the Fuel Cost Adjustment. The Fuel Cost Adjustment is the difference between the Benchmark Fuel Price and the CARRIER's actual weighted average cost for fuel purchases during such month multiplied by the number of gallons consumed during voyages hereunder which commenced during such month. Determination of the Fuel Cost Adjustment is illustrated by the following formula:
Fuel Cost Adjustment. 7.1 The following terms when used herein shall have the meanings specified:
Fuel Cost Adjustment. In addition to the SWU Price, and other expenses, fees or charges that USEC may invoice under Sections 6.3, 8.1, 8.3, 8.4, 8.5 and 8.6 and the other Articles of this Agreement (such as Article 13), Customer shall also pay the following:
Fuel Cost Adjustment. The Parties intend that Tops will pay the actual delivered cost of fuel, exclusive of any financial hedging that C&S may undertake for its own account. Each Approved Budget will reflect a budgeted fuel cost based on the best information available to the Parties with respect to the then applicable rates and consumption estimates. The Parties will then update and/or adjust the fuel cost from such Approved Budget as necessary pursuant to the Flex Budget process.
Fuel Cost Adjustment. For purposes of this Section 3.2(d)(i), the Base Cost of Fuel is as set forth on Schedule 3.2(d)(i). The Base Cost of Fuel is calculated as set forth on Schedule 3.2(d)(i). Within * of the end of each Contract Quarter, C&S shall calculate the cost of fuel for such Contract Quarter (the “Quarterly Fuel Cost”) in the same method as set forth on Schedule 3.2(d)(i) and shall either b▇▇▇ A&P if the Quarterly Fuel Cost is more than the Base Cost of Fuel or credit A&P if the Quarterly Fuel Cost is less than the Base Cost of Fuel calculated as follows: (i) the percentage increase or decrease in the Quarterly Cost of Fuel compared against the Base Cost of Fuel, multiplied by *. The Stop Fee Fuel Component for Facilities and C&S Facilities shall be calculated as part of the calculations done pursuant to Section 3.2(b)(ii). For example, if (i) the Base Cost of Fuel is $2.00, *.
Fuel Cost Adjustment. The Baseline Energy Prices as set forth in section 3 above of this agreement are subject to the TVA Fuel Cost Adjustment (FCA) as calculated under Exhibit B, attached hereto and hereby incorporated herein. The FCA shall mean the per-MWh amount by which the Baseline Energy Prices under section 3 above of this agreement are increased or decreased from time to time in accordance with the formula designed to reflect changes in TVA’s fuel costs, purchased power costs, and related costs as shown in Exhibit B. It is recognized that TUm (as defined in Exhibit B) has a lag integrated into the formula and that unless otherwise agreed between the parties, any such amount shall remain an obligation even though the payment of the b▇▇▇ for power taken during May of 2007 has been made.
Fuel Cost Adjustment. In addition to the rate adjustments provided for in the Modification to Rates, Authority shall pay Contractor any amount above $5.00 per gallon for fuel consumption.
Fuel Cost Adjustment. It is the intent of the parties that A&P pay the actual delivered cost of fuel, exclusive of any financial hedging unless the Parties otherwise agree in writing. Prior to the Ramp-Up Period and each Contract Year, as part of the budget process, the parties shall agree upon a "Base Cost of Fuel" for the Approved Budget for the forthcoming Ramp-Up Period or Contract Year (as applicable). Each Contract Quarter, the Base Cost of Fuel used to calculate fuel costs as a component of the Total Transportation Costs for such Contract Quarter will be adjusted for any changes to reflect the actual delivered cost of fuel incurred by C&S in connection with the Services hereunder. The Service Specifications shall set forth in detail the formula for calculating Base Cost of Fuel for each Facility.
Fuel Cost Adjustment. The normal range of the price of fuel for the purposes of this Agreement is $3.30 to $4.30 per gallon of diesel. In the event the average monthly retail price for diesel fuel in Northern California falls below $3.30 per gallon or rises above $4.50 per gallon, a fuel cost adjustment (FCA) shall be calculated into the hourly rate of compensation on a bi-monthly basis as follows: In billing periods where the average price of diesel fuel is above $4.30/gallon: In months where the average price of diesel fuel is below $3.30/gallon: Where “A” is the average monthly cash price for diesel fuel in Northern California, based on either the Sacramento, California average as reported on the AAA website: ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇▇/?state=CA or Northern California average as reported on the California Energy Commission website at: ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇.▇▇▇/data-reports/energy-almanac/californias-petroleum-market; and 3.75 is a factor approximating the average number of gallons of fuel consumed or used per hour of operation for one truck.