Annual Rate Adjustment definition

Annual Rate Adjustment means the adjustment in Service Charges for a calendar year as determined by the Concessionaire pursuant to Section 7.1(e)
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Annual Rate Adjustment. All rates in Exhibit B shall increase annually on January 1st in accordance with the percentage set forth by the Centers for Medicare and Medicaid Services Annual Inflation Factor
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Annual Rate Adjustment or “ARA” has the meaning provided in Section 9.7.139.7.1(a).
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Examples of Annual Rate Adjustment in a sentence

  • Each such Annual Rate Adjustment and the resulting new Schedule of Service Charges shall take effect as of the first day of the calendar year and shall remain in effect for the entire calendar year.

  • Franchisee shall be entitled to an adjustment in its compensation in accordance with Exhibit A (Annual Rate Adjustment Methodology), for providing additional or modified services due to changes to the City’s Municipal Code, it being specifically agreed that changes in the City’s Municipal Code are a “Change in Law” as that term is defined in Exhibit A.

  • Franchisee shall be entitled to an adjustment in its compensation in accordance with Exhibit A (Annual Rate Adjustment Methodology), for providing such additional or modified services.

  • The Annual Rate Adjustment for any such calendar year may not result in an increase in Service Charges for each class or type of Utility Service in excess of the Permitted Annual Rate Adjustment for that calendar year.

  • Pursuant to Exhibit A (Annual Rate Adjustment Methodology), at the time a rate application request is submitted to City, the financial forms contained in the rate application must be reconciled to the audited financial statements.

  • The fees are set forth in Exhibit A (Annual Rate Adjustment Methodology).

  • If an annual rate adjustment is approved by Council, the Inflation Adjustment shall equal eighty-five percent (85.00%) and the Fuel Adjustment shall equal fifteen percent (15.00%) of the Annual Rate Adjustment.

  • If an annual rate adjustment is approved by Council, the Inflat ion Adjustment shall equal eighty- five percent (85.00%) and the Fuel Adjustment shall equal fifteen percent (15.00%) of the Annual Rate Adjustment.

  • The Annual Rate Adjustment and the EUP Adjustment described in subsections (a) and (b) are subject to a maximum amount equal to the product of the initial rate established in Exhibit C, multiplied by 1.02 on a cumulative basis each year during the Term.

  • Annual Rate Adjustment will not be unreasonably withheld or denied.


More Definitions of Annual Rate Adjustment

Annual Rate Adjustment means the annual adjustment of Maximum Service Rates by the greater of (i) an increase of three percent (3%) or (ii) the percentage increase in CPI for the prior 12-month period (March of the current year to March of the prior year) plus one percent (1%) (i.e., CPI +1).
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