Cost Increase Sample Clauses
A Cost Increase clause allows for adjustments to the contract price if certain costs rise during the term of the agreement. Typically, this clause specifies which costs are eligible for adjustment—such as materials, labor, or regulatory fees—and outlines the process for notifying the other party and substantiating the increase. Its core function is to allocate the risk of unforeseen cost escalations, ensuring that the party providing goods or services is not unfairly burdened by market fluctuations beyond their control.
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Cost Increase. 10.1 If any of the Lenders (the “Cost Affected Lender”) incurs or expects to incur one of the following costs (the “Increased Cost”) after the Effective Date due to issue, implementation or change of any applicable laws, regulations and their interpretations, or compliance with requirements of the central bank or any fiscal, tax, financial or other authorities having jurisdiction over such Lender:
(1) Any increase of cost or additional cost incurred by the Cost Affected Lender due to its execution or performance of this Agreement;
(2) Any decrease of any amount received or receivable by the Cost Affected Lender under this Agreement; or
(3) Any increase of cost or additional cost incurred by the Cost Affected Lender due to its participation in providing any Loan Fund, or maintaining or raising its Contribution Amount or its portion in any Loan Fund; Then, upon its knowledge of such circumstance, the Cost Affected Lender will notify the Agent Bank promptly (the “Cost Increase Notice”), which notice will include detailed description of the cause and basis of calculation for the Increased Cost. The Agent Bank will notify the Borrower of the Cost Increase Notice promptly after its receipt of such notice.
Cost Increase. During the term of this Agreement, and as the Budget Act allows, CDSS and the County may approve increases in the service levels for each of the services provided by CDSS and increase the amount that the County shall pay CDSS from the County’s General Fund RFA allocation and the LRF.
Cost Increase. If the Wholesale Acquisition Cost ("WAC") or Average Wholesale Price ("AWP") for any Immunizations increased by 2.0% or greater during the initial or any renewal term of this Agreement, Walgreens has the right to increase the contracted at rate of the Immunization to the same proportional increase of the WAC or AWP due to manufacturer cost increase. The new rate will be e ective 10 days following Client’s receipt of the rates unless Client noti es Walgreens that it does not agree to the adjusted rates within the 10 day period, in which case Walgreens may discontinue providing services for those Immunizations.
Cost Increase. If at any point, for the duration of this contract, the price of our current uniforms increase, the Company will meet with the Union to discuss protection of the buying power of the Employee's allotment to determine the adjustments that will be made.
Cost Increase. The Debtor shall pay to the Creditors and/or the Administrative Agent the amount of any Cost Increase incurred by such Person or any of its Affiliates as a result of any of the following events occurring after the date of this Contract:
(a) Adoption of a new law.
(b) Reform of a law.
(c) The change in the interpretation or application of a Law.
Cost Increase. Effective 9/1/20: 2% Increase (retroactive)
Cost Increase. 9.1 Any time after the Signing Date, if due to the promulgation or change of any laws and regulations or their interpretations, or due to the requirement of Relevant Regulators or other financial department or other government authorities which have jurisdiction over the lending activities hereunder:
(1) Any Financing Party is required to pay any tax or other amounts for any amount payable or paid by the Borrower hereunder (not including the taxes and fees as mentioned in Article 8.3);
(2) Cost is increased due to any Financing Party’s entering into this Agreement or assumption of obligations hereunder or due to unpaid Loan Funds by the Borrower; or
(3) Received or receivable amount hereunder by any Financing Party is decreased, then, upon request of the Agent Bank, the Borrower shall compensate such Financing Party of such taxes, fees, increased cost or decreased amount.
9.2 If any Financing Party plans to request compensation according to Article 9.1, a proof shall be submitted to the Agent Bank after knowing the causes, stating in detail the basis and calculation method of such compensation, the Agent Bank shall notify the Borrower accordingly and provide a copy thereof.
Cost Increase. 17.1 If the changes of Chinese laws, rules and policies lead to the cost increase of participation bank, which definitely stipulates the increased cost will be borne by the borrower, the borrower and participant bank should sign the supplement agreement to adjust the interest rates for loans, trade financing or service charges. If the borrower and participant bank cannot sign the supplement agreement in time to adjust the interest rates for loans, trade financing or service charges, the borrower should directly compensate the increased cost to the participant bank as per the notification of credit agent bank.
Cost Increase. Fees will be increased to reflect any increase in costs to HawaiiUSA. For example, the room fee includes a basic cleaning cost surcharge. If the basic cleaning surcharge increases, HawaiiUSA will notify the client and the client will be responsible for such increase (but not more than an additional fifty dollars per day for the basic cleaning surcharge).
Cost Increase. In the event the cost to CONTRACTOR of a) labor, including benefits, b) supplies, services, repair parts or materials, and/or c) fuel increase from the date of this Agreement to the date when such labor is performed or supplies, services, repair parts, materials or fuel are furnished to CONTRACTOR at the location described in the Exhibit A, then the amount agreed to be paid by OPERATOR to CONTRACTOR shall be increased by the amount of such increase in costs to CONTRACTOR attributable to such of the above items as are furnished to or used by CONTRACTOR in connections with the drilling of the well.