Adjustment Clauses definition
Examples of Adjustment Clauses in a sentence
The price shall also be subject to adjustment in accordance with the published Price Adjustment Clauses, which price adjustment information shall supersede the terms of this Section 4, where inconsistent herewith.
It is possible during the term of the Agreement that BPA’s rates could provide for rate adjustments within a rate period, akin to the Cost Recovery Adjustment Clauses, or CRACs, that have applied to BPA’s base rates since 2002.
Terminal Rent Adjustment Clauses (TRACs) A TRAC Clause typically provides that if, upon sale or disposition of the leased assets after the expiration of the agreement, the net proceeds received by the lessor are less than the estimated residual value of the asset, the lessee must pay the deficiency as additional rent.