Common use of Index Based Rate Increases Clause in Contracts

Index Based Rate Increases. The Trucking Rate and the Tank Usage Rate shall be increased on July 1 of each year of the Term, beginning on July 1, 2011, by a percentage equal to the greater of zero or the positive change in the CPI-U (All Urban Consumers), as reported by the U.S. Bureau of Labor Statistics.

Appears in 2 contracts

Sources: Trucking Transportation Services Agreement (Tesoro Logistics Lp), Trucking Transportation Services Agreement (Tesoro Logistics Lp)