Common use of Rate Redetermination Clause in Contracts

Rate Redetermination. Rates may be redeter- mined as set forth in this Section. Bid Premium Rates shall be added to all redetermined rates, except as provided in BT3.31, BT3.32, and BT3.33. Rate redeterminations shall be made in accordance with the standard Forest Service methods in effect 45 days prior to rate redetermination. Such methods shall take into consideration factors that may affect timber value at rate redetermination date. Redetermined rates shall not be less than Base Rates listed in AT4, except for reduction under BT3.31, BT3.32, or BT3.33. Required Deposits shall be redetermined. Re- determined Specified Road construction cost is subject to the limitations of BT5.26.

Appears in 6 contracts

Samples: Integrated Resource Timber Contract, Integrated Resource Timber Contract, Integrated Resource Timber Contract

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.