Price Escalation definition

Price Escalation. Any increase in seller's cost of supplying the Product caused by any level of governmental law, regulation, tax, or other burden imposed after the date of this agreement on the ownership, storage, processing, production, transportation (including, without limitation, fuel surcharges), distribution, use or sale of the Product covered by this Agreement will be added to the price under this Agreement.
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Price Escalation. De-escalation Formula:
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Price Escalation. De-escalation Clause: Effective July 1st of every year North Babylon Public Library will allow a change in billing rate paid to vendor/contractor only if there is a change (increase/decrease) in NYS prevailing wage rate for Suffolk county and only by the exact percentage increase or decrease in prevailing wage rate. (for example, if the prevailing wage rate increases by 2% the billing rate paid to vendor will be increased by 2%, likewise if there is a 2% decrease in prevailing wage rate, rate paid to vendor will be decreased by 2%).
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Examples of Price Escalation in a sentence

  • The formula is calculated by dividing the New PPI Index by the Old PPI Index to identify the Price Escalation Rate.

  • Hourly rates may be re-negotiated upon each renewal per Article #28 Price Escalation Provision.

  • Purchaser acknowledges and affirms that Purchaser’s Offer and this Price Escalation Addendum have been made of Purchaser’s own volition and at Purchaser’s own discretion.

  • Price Escalation or Price Variation shall not be applicable or considered under any circumstances for the purchases made under this tender or agreement.

  • CFM will provide Airline with the indices used by CFM in the calculation of the Price Escalation Adjustment so that Airline may verify such calculation.

  • The Old Price is multiplied by the Price Escalation Rate to determine the New Price.

  • The price escalation adjustment with respect to Engines installed on Aircraft delivered by Airbus to Airline and Spare Engines delivered from CFM to Airline shall be as set forth in the escalation formula in Attachment D hereto, with the understanding that Attachment D shall be used for the purpose of calculating the Price Escalation Cap Allowance described in this paragraph 2.C, notwithstanding any other escalation provision in the Airbus Aircraft purchase agreement.

  • The price escalation / de-escalation formula will be tied to the change in the commodity for Other Commercial and Service Industry Machinery Manufacturers, Mailing, Letter handling, and addressing machines, except parts and attachments, PPI Series ID PCU3333183333183A.The formula is calculated by dividing the New PPI by the Old PPI to identify the Price Escalation Rate.

  • All bid prices for the given scope of work in the Project as awarded shall be considered as fixed prices, and therefore not subject to price escalation during contract implementation, except under extraordinary circumstances as determined by the NEDA and approved by the GPPB pursuant to the revised Guidelines for Contract Price Escalation guidelines.

  • In any case where an allowance adjustment is made, Airline shall reimburse CFM the appropriate amount as calculated per the above plus escalation on that amount per the Price Escalation Adjustment set forth in Attachment D.