Escalation Clause definition

Escalation Clause means those provisions whereby the City of Lima will allow the unit price of the contract to change, based upon the provisions indicated.

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Escalation Clause. Prices quoted are based on the current FOB refinery prices on liquid asphalt. Such quoted prices are not guaranteed by the major oil companies and are subject to sudden adjustment during the term of the agreement. The base price of liquid asphalt for this contract is Any change in the price of liquid asphalt will subsequently affect the billing price by $0.055 per ton for every $1.00 increase or decrease in the price of liquid asphalt. Please see Massachusetts Department of Transportation website for current period prices and said website shall be used throughout the duration of this contract for price adjustment purposes: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇▇▇.▇▇.▇▇/highway/DoingBusinessWithUs/Construction/PriceAdjustme nts.aspx

Escalation Clause means Contractor may not increase any unit or lump sum pricing during the term of the contract except as provided hereinafter. Prices are to remain firm for an initial period of 120 days after bid award. Thereafter, prices may be changed upward or downward as to the cost of the product being offered. Contractor may increase pricing based upon the documented unexpected or extra ordinary price increases (escalations) from suppliers or sub-Contractors. Prior to delivery and billing for such escalations, the Contractor must notify the City in writing of the adjusted pricing and provide written documentation for the amount of any such escalation. Such documentation shall consist of invoices, quotes, and/or price increase notifications from suppliers of sub-Contractors. In no case shall the Contractor’s fixed profit margin as established by the original contract amount increase due to escalations during the term of the contract. Products or services subject to escalation shall not be delivered or billed until written confirmation and acceptance of the adjusted pricing has been received from the City. This clause shall only be applicable to such goods and services as the City shall in writing so designate as subject to escalation.

Examples of Escalation Clause in a sentence

• I also understand and agree that my tenant contribution under this Lease may be raised or lowered based on changes in the household income, failure to submit information necessary to certify income, changes in the number and age of persons living in the household in the unit, and on the Escalation Clause in this Lease.

• Escalation Clause: ( , Initial) Upon thirty (30) days written notice your monthly rental payment obligation may be increased or decreased, if there is a change in the property's ad valorem taxes, utility assessments, or other services as included in the monthly rental charge.

• The fees for Contractor’s services under this Contract (the “Fees”) will be pursuant to the following payment schedule, subject to the Fuel Escalation Clause, Cost Of Living Escalator and Government/ School Mandates provisions, Sections 12, 14 and 15 respectively: Payment Rates: *NOTE: Fuel Escalation Clause applies in addition to all payment rates.

• The Owner hereby acknowledges being told that clause 88 may be a Cost Escalation Clause as defined by Section 15 of the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ and that it may result in the Contract Price increasing by reason of delay in Completion of the Works.

• If my net monthly tenant contribution is less than zero, the Landlord or owner will pay me $ .” “I also understand and agree that my monthly tenant contribution under this Lease may be raised or lowered based on changes in household income or adjustments to income, failure to submit information necessary to certify income, changes in the number and age of persons living in my household in the unit, and on the Escalation Clause in this Lease.

• Fuel for buses used to perform this contract will be paid for by Contractor and reimbursed to Contractor pursuant to the Fuel Escalation Clause, Section 12, and the Fees and Expenses, Section 11.

• The Owner hereby acknowledges being told the clause 134 of the Contract may be a Cost Escalation Clause as defined by Section 15 of the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ and that it may result in the Contract Price increasing by reason of delay in Completion of the Works.

• Rent Escalation Clause for Renewable Terms Rents due for Automatically Renewable Terms of the Lease.

• Under Escalation Clause, we is presumed that each into the shareholders involved in any deadlock situation since a lament with several levels of management.

• Buyer acknowledges and affirms this Purchase Agreement and Escalation Clause has been made of his/her 43 own volition and at his/her own discretion and Buyer agrees to hold Brokers harmless with regard to negotiation of the 44 purchase price.