Tip Fee definition

Tip Fee or “Tipping Fee” means the posted gate rate charged to customers at the Landfill and does not include any discounted rate.

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Tip Fee means for the first Contract Year of the Term $65.00 per Ton, for the second Contract Year of the Term $66.21 per Ton, and for each subsequent Contract Year during the Term an amount determined by increasing the Tip Fee for the immediately preceding Contract Year by an amount equal to one hundred percent (100%) of the percentage increase, if any, in the CPI during the twelve-month period ending on March 31st of such immediately preceding Contract Year; provided, however, the annual increase in the Tip Fee shall not be less than one and three quarters percent (1.75%) nor more than three and one-half percent (3.5%) for any Contract Year. The adjusted Tip Fee shall be applied retroactively to the commencement of the Contract Year in the event that the CPI for the month of March is not available until after the invoice for the month of July is prepared. Commencing on the fifth anniversary of the Commencement Date, the Tip Fee shall be reset at the end of each five-year period during the Term for the next succeeding five-year period to equal the Local Market Average (if reasonably determinable) at the end of such five-year period, and shall be subject to an annual CPI escalation thereafter, as described in the first sentence of this definition. If the Local Market Average is not determined until after the start of the new five-year period, the reset of the Tip Fee based upon the Local Market Average shall be applied retroactively to the first day of the initial Contract Year of such new five-year period. Notwithstanding the foregoing, the Tip Fee shall not, during the Term, be higher than the tip fee Covanta then charges to any other municipality for substantially similar services under any contract with such other municipality entered into with Covanta after the Effective Date and having an initial term of at least five (5) years.

Tip Fee means the per ton fee paid by the 42 County to the Contractor for Waste accepted by the Contractor at the Receiving Facility.

Examples of Tip Fee in a sentence

• The CONTRACTOR may at their option, choose to round down the Approved Landfill Tip Fee.

• Previous year Approved Landfill Tip Fee = $61.00 Adjusted Landfill Tip Fee is calculated as follows: Adjusted Landfill Tip Fee = $61.00 x [[(123/118) – 1] x 0.89] + 1] = $ 63.30 This example shall apply to all the categories of Solid Waste set forth in Exhibit C.

• With respect to any MFN Waste Contract, beginning on the first Day of the Month first following CRRA’s provision of such notice to the Municipality and continuing for so long as the Municipality is eligible to receive the Other Tip Fee, CRRA shall charge and the Municipality shall pay the Other Tip Fee for its Acceptable Solid Waste.

• Subject to the terms herein, the CONTRACTOR is entitled to one Landfill Tip Fee rate adjustment annually beginning on July 1, 2008.

• The Agency shall adjust the Landfill Tip Fee up or down to reflect: 1) the product of the change in the annual CPI measured as the percentage change in the Adjusted CPI Index over the previous (12) months multiplied by the then current Landfill Tip Fee; 2) Agency approved Regulatory Mandated Expenses; and 3) rate comparison with the ▇▇▇▇▇▇ Road Transfer Station (DRTS) (or subsequent facility should DRTS be replaced in the future).

• In addition to the Definitions stated in Exhibit A of this AGREEMENT, Section 1, the following definitions, that have the first letter capitalized in this Exhibit B, have the following meanings: Adjusted CPI Index: the factor by which the prior year Approved Landfill Tip Fee (fiscal year 2007/2008 shall be defined as Initial Year Rate with no adjustment) is adjusted to address changes in the consumer price index (CPI).

• The Agency shall adjust the Landfill Tip Fee up or down to reflect: 1) the product of the change in the annual CPI measured as the percentage change in the Adjusted CPI Index over the previous (12) months multiplied by the then current Landfill Tip Fee and 2) Agency approved Regulatory Mandated Expenses.

• Subject to the terms herein, the CONTRACTOR is entitled to one Landfill Tip Fee (as that term is defined below) rate adjustment annually beginning on July 1, 2008.

• The Contract Hauler shall pay the per ton Contract Tip Fee adopted by the City for each ton of Acceptable Waste delivered to the Facility.

• The Parties agree that the delivery of Incidental Waste from other counties is allowed under this Agreement and that loads containing such Incidental Waste shall be charged the Contract Tip Fee.

More Definitions of Tip Fee

Tip Fee means the posted gate rate charged to customers at the Landfill.

Tip Fee means the fees payable by the Municipality to MRR for delivered Acceptable Solid Waste pursuant to this Agreement. The Tip fee shall be inclusive of all costs associated with the disposal of the Municipality’s Acceptable Solid Waste delivered to the Delivery Point in accordance with Applicable Law.