Increase in costs Clause Examples
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Increase in costs. If as a result of Change in Law, the Concessionaire suffers an increase in costs or reduction in net after-tax return or other financial burden, the aggregate financial effect of which exceeds the higher of Rs. 50 Lakh (Rupees Fifty Lakh ) and 0.5% (zero point Concessionaire may so notify the Concessioning Authority and propose amendments to this Agreement so as to place the Concessionaire in the same financial position as it would have enjoyed had there been no such Change in Law resulting in the cost increase, reduction in return or other financial burden as aforesaid. Upon notice by the Concessionaire, the Parties shall meet, as soon as reasonably practicable but no later than 30 (thirty) days from the date of notice, and either agree on amendments to this Agreement or on any other mutually agreed arrangement: Provided that if no agreement is reached within 90 (ninety) days of the aforesaid notice, the Concessionaire may by notice require the Concessioning Authority to pay an amount that would place the Concessionaire in the same financial position that it would have enjoyed had there been no such Change in Law, and within 15 (fifteen) days of receipt of such notice, along with particulars thereof, the Concessioning Authority shall pay the amount specified therein; provided that if the Concessioning Authority shall dispute such claim of the Concessionaire, the same shall be settled in accordance with the Dispute Resolution Procedure. For the avoidance of doubt, it is agreed that this Clause 35.1 shall be restricted to changes in law directly affecting the Concessionaire's costs of performing its obligations under this Agreement.
Increase in costs. Any changes or additions to those portions of each UWP participated in by MDOT, the FHWA, and/or the FTA that will cause an increase in yearly total costs will require the prior written approval of MDOT, the FHWA, and/or the FTA and the processing of a revised PROJECT AUTHORIZATION and written transmittal letter.
Increase in costs. If as a result of Change in Law, the SPD suffers an increase in costs or reduction in net after-tax return or other financial burden, the aggregate financial effect of which exceeds the higher of Rs. [1] crore (Rupees one crore)***** and 0.5% (zero point five per cent) of the Tariff [] in any Accounting Year, the SPD may so notify Railways and propose amendments to this Agreement so as to place the SPD in the same financial position as it would have enjoyed had there been no such Change in Law resulting in the cost increase, reduction in return or other financial burden as aforesaid. Upon notice by the SPD, the Parties shall meet, as soon as reasonably practicable, but no later than [30 (thirty)] days from the date of notice and either agree on amendments to this Agreement or on any other mutually agreed arrangement: Provided that if no agreement is reached within 90 (ninety) days of the aforesaid notice, the SPD may by notice require Railways to pay an amount that would place the SPD in the same financial position that it would have enjoyed had there been no such Change in Law and within 15 (fifteen) days of receipt of such notice, along with particulars thereof, Railways shall pay the amount specified therein; provided that if Railways shall dispute such claim of the SPD, the same shall be settled in accordance with the Dispute Resolution Procedure. For the avoidance of doubt, it is agreed that this Clause 30.1 shall be restricted to changes in law directly affecting the SPD‟s costs of performing its obligations under this Agreement.
Increase in costs. If as a result of Change in Law, the Supplier suffers an increase in costs or reduction in net after-tax return or other financial burden, the aggregate financial effect of which exceeds 0.1% (zero point one percent) of the Capacity Charge in any Accounting Year or if as a result of Change in Law, the Supplier benefits from a reduction in costs or increase in net after-tax return or other financial gains the aggregate financial effect of which exceeds 0.1% (zero point one percent) of the Capacity Charge in any Accounting Year, the impact of Change in Law to be adjusted and recovered shall be computed in accordance with the procedure provided in the applicable rules issued by the Ministry of Power’.
Increase in costs. To pay to the Lessor on demand the amount equal to any increase in the costs referred to in any of Paragraphs 7, 8, 9, 10 and 11 immediately preceding by reason of any installation, alteration or use made in or to the demised premises by or for the benefit of the Lessee or to pay, where such installation, alteration or use is for the benefit of the Lessee and other lessees of premises on the lands, such share of such costs as may be reasonably allocated by the Lessor. In determining whether any increased insurance premiums are the result of any installation, alteration or use made in or to the demised premises by or for the benefit of the Lessee, a schedule or rate calculation issued or provided by the insurer providing such insurance showing the various components of the rate shall be deemed to be conclusive evidence thereof.
Increase in costs. 4.1. In addition to the Price, the Buyer shall pay (any such payment a "Supplemental Payment") the additional costs of the Supplier in performing any lifting or delivery or its obligations under the Agreement related to that lifting, which are caused by:
(a) a Force Majeure Event;
(b) a Change in Law; or
(c) a Brexit Consequence, such costs "Additional Costs". Where any costs are attributable to more than one lifting, or partly to one or more liftings or deliveries under the agreement and partly to supplies made by the Supplier under a different agreement (whether or not with the Buyer), or increase the Supplier's general overheads, the Supplier will make a reasonable apportionment.
4.2. For clarity, it is agreed that Additional Costs include any costs (caused as described in Clause 4.1) incurred by the Supplier and its subsuppliers and contractors in any part of the Supplier's supply chain, in procuring, importing, transporting, storing or delivering Product, including duties and tariffs, and customs clearance costs,
Increase in costs. Should the costs of the Project exceed the anticipated costs as set forth in Section 1.1 such that funding available to either Party is insufficient to fund completion of the Project, either Party may terminate this Agreement or seek agreement of the other Party to modify the Project Scope. Any such modification of the Project must be evidenced by written amendment to this Agreement between the Parties. If available funding is insufficient to complete the Project such that either Party exercises its right to terminate this Agreement, such Party shall notify the other in accordance with the provisions hereof and shall satisfy its financial obligations incurred prior to termination.
Increase in costs. The term "Base Year" means the calendar year set ----------------- forth in Article 1.4
Increase in costs. If the FPSO is in, or brought in or ordered within a Risk Zone (even though the FPSO may already be at the Operating Area), and if the wages of the Master and/or officers and/or crew and/or the cost of provisions and/or stores for deck and/or engine room or other costs to provide the Services (including the cost of the FPSO Insurance Cover to be provided by Contractor pursuant to the requirements of Article 28), are increased by reason of or during the FPSO’s presence in a Risk Zone, Contractor shall notify Company of any such increase, and such increased amount, , will be added to O&M Compensation and paid by Company on production of Contractor’s invoice (and proper documentation) in accordance with Article 16. This Agreement shall terminate if the Charter is terminated in accordance with Clause 35.2 thereunder.
Increase in costs. Change in Law shall mean the occurrence or coming into force of any of the following, after the Appointed Date: