Common use of Increase in Fees Clause in Contracts

Increase in Fees. During the Primary Term, the rates set forth in Section 5.1 will be increased annually at the beginning of each Contract Year, beginning with the Contract Year commencing in 2010. The rates set forth in Section 5.1 will be increased annually at the beginning of each Contract Year using the Consumer Price Index for all Urban Consumers U.S. City Average, All Items, Not Seasonally Adjusted, as reported by the United States Department of Labor, Bureau of Labor Statistics for the previous 12-month period for which changes are reported, rounded up to the nearest xxxxx. However, in no event will the annual increase be less than three percent (3%) per year.

Appears in 4 contracts

Samples: www.sec.gov, Saltwater Agreement (Heckmann CORP), Heckmann CORP

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Increase in Fees. During the Primary Term, the rates set forth in Section 5.1 will be increased annually at the beginning of each Contract Year, beginning starting with the second Contract Year commencing in 2010Year. The Such increase will be 3% per year, rounded to the nearest xxxxx. After the Primary Term, the rates set forth in Section 5.1 will be increased annually annual at the beginning of each Contract Year using the Consumer Price Index for all Urban Consumers U.S. City Average, All Items, Not Seasonally Adjusted, as reported by the United States Department of Labor, Bureau of Labor Statistics for the previous 12-month period for which changes are reported, rounded up to the nearest next xxxxx. However, in no event will the annual increase be less than three percent (3%) per year.

Appears in 1 contract

Samples: Heckmann CORP

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