Rate Reductions Clause Samples
A Rate Reductions clause establishes the conditions under which the agreed-upon rates for goods or services may be decreased during the term of a contract. Typically, this clause outlines specific triggers for rate reductions, such as changes in market conditions, volume discounts, or the supplier offering lower rates to other customers. Its core practical function is to ensure that the buyer benefits from favorable pricing developments, thereby protecting them from overpaying if market rates decline or better terms become available elsewhere.
Rate Reductions. The Borrower shall not, without first complying with the requirements of Section 9.1, decrease its Rates if it has failed to comply with the provisions of Section 13.14 of the Indenture for the fiscal year prior to such reduction.
Rate Reductions. The Borrower shall not, without first complying with the requirements of Section 7.10 (
Rate Reductions. Without the prior written approval of RUS, the Borrower shall not decrease its rates if it has failed to achieve all of the Coverage Ratios for the calendar year prior to such reduction.
Rate Reductions. Section 6.13. Limitations on Additional In- debtedness.
Rate Reductions. After the expiration of the first three years, and each annual anniversary thereafter, the Parties shall negotiate in good faith roaming rates which are reasonably competitive with comparable telecommunications providers and the actual charges by AWS to its customers for such roaming calls. At no time shall the toll or airtime rates be increased.
Rate Reductions. The existing Second Restated and Amended Rate Reduction Agreement, ("1996 Agreement"), as reflected in Decision No. 59601, will be extended until December 31, 2002, subject to the following revisions. In addition to the revisions listed below, the provisions of the 1996 Agreement that are or will be moot, extended with modifications or extended without modifications, are identified in Exhibit C hereto. Rate reductions for the years 1999 through 2002 will be: For usage on and after July 1, 1999, 1.0% or the APS formula contained in the existing Second Restated and Amended Rate Reduction Agreement, as reflected in Decision No. 59601, using 1998 calendar year, whichever is greater, to be applied to both Standard Offer and unbundled rates; For usage on and after July 1, 2000, 1.0% or the APS formula using 1999 calendar year, whichever is greater, to be applied to both Standard Offer and unbundled rates; For usage on and after July 1, 2001, 1.0% or the APS formula using 2000 calendar year, whichever is greater, to be applied to Standard Offer rates for residential customers only; For usage on and after July 1, 2002, 1.0% or the APS formula using 2001 calendar year, whichever is greater, to be applied to Standard Offer rates for residential customers only. The impact of each year's rate reduction should be implemented through reductions to generation rates that result in equal percentage reductions to each class (including competitive customers). Costs of complying with the Electric Competition Rules, system benefits costs, and solar power costs in excess of levels included in current rates, may be deferred subject to the limitations set forth below. Notwithstanding the rate reduction provisions stated above, the Company's share of any property tax expense decreases shall be used to offset other expense deferrals referred to in this section. In any year that the APS formula is used to calculate the rate reductions, ratepayer's 55% share above the stated, minimum 1% rate reduction, would first be used to reduce amounts otherwise deferrable. APS will be allowed full recovery of any remaining deferrable costs beginning January 1, 2003. APS agrees to make an annual reporting of its level of deferred expenses to be included in its rate reduction filings. APS agrees to meet the requirements of the Solar Portfolio Standard, Section 1609 of the rules, as amended in August 1998. APS agrees to support the continuation of the Solar Portfolio Standard in future Commission p...
Rate Reductions. Sometimes you may want to ask for certain "discounts." For example, if you lay down your own tracks with your personal engineer or music producer, those service charges should not be included. And, try to get a exclusion or reduction in the hourly studio time price for setting-up your own drums.
Rate Reductions. 5.1 TEP shall reduce the rates charged to all non-ESA customers by two percent (2%) as follows: one percent (1%) on July 1, 1999 and one percent (1%) on July 1, 2000. Except for the non-ESA two percent (2%) rate reductions, TEP's rates shall be frozen until December 31, 2008, except for: (a) those adjustments that will result as a consequence of this Settlement Agreement; (b) changes in TEP's transmission tariffs due to AISA or Desert STAR; and
Rate Reductions