Revised Rates Clause Samples

The Revised Rates clause establishes the process and conditions under which the rates or fees specified in an agreement may be changed during the contract term. Typically, this clause outlines how and when rate adjustments can occur, such as through periodic reviews, notice requirements, or in response to changes in market conditions or regulatory requirements. Its core practical function is to provide a structured mechanism for updating pricing, ensuring both parties have clarity and predictability regarding potential cost changes over time.
Revised Rates. Customer acknowledges that the MRC for the Services and, in the case of the rural healthcare Telecommunications Program supporting rural HCPs, the “urban rate” associated with the Services, may each be subject to approval by the FCC or USAC, and may be adjusted by Alaska Communications (including retroactively) if necessary to secure funding or to conform to FCC or USAC rules, regulations, policies, procedures, orders, or other requirements or decisions.
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Revised Rates. Member agrees that future rates established by Tri-State’s Board and accepted and/or approved by the regulatory authority with jurisdiction over Seller’s rates, shall, upon the effective date established by that regulatory authority, become the Member Rate that Member shall pay for electric service furnished hereunder, and, if such rates are not subject to regulatory approval or oversight, then on the effective date established by Seller’s Board of Directors.
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Revised Rates. Effective on, and subject to the occurrence of, the Fifth Amendment Effective Date, Appendix A to the Contract will be amended and restated in its entirety as set forth in Exhibit A to this Fifth Amendment.
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Related to Revised Rates

  • Base Rates Attached to and made a part of this Agreement is Appendix A which sets forth the straight-time hourly rates for all employees covered by this Agreement.

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.

  • Special Rates Transfer, Traveling and Working Away From Usual Place of Work

  • Overhead Rates The Engineer shall use the provisional overhead rate indicated in Attachment E. If a periodic escalation of the provisional overhead rate is specified in Attachment E, the effective date of the revised provisional overhead rate must be included. For lump sum contracts, the overhead rate remains unchanged for the entire contract period.

  • Interest Rates; LIBOR Notification The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.14(c) of this Agreement, such Section 2.14(c) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower, pursuant to Section 2.14, in advance of any change to the reference rate upon which the interest rate on Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 2.14(c), will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.