Fuel Adjustment. The parties acknowledge that it is difficult to project the future cost of fuel during the Term of this Agreement. Accordingly, the parties agree to adjust the hourly rate to reflect an increase or decrease in the cost of fuel as calculated below and in accordance with Exhibit A hereto. Each month Corporate Air shall prepare a Fuel Purchase Summary, a sample of which is attached as part of Exhibit A. This report will identify the Combined Average Cost of Fuel per Gallon (hereinafter CACFG) during the previous month. The average cost includes fuel purchased and reflects the underlying cost of the product, any flowage fee, and federal excise taxes by Corporate Air. The parties agree to track the change in the CACFG during the term of the Agreement beginning on February 1, 2012. The agreed upon CACFG as of the Commencement Date is $3.76 and thereafter shall be adjusted in accordance with the calculation provided on Exhibit A. In the event the CACFG as reflected in the most current Fuel Purchase Summary increases or decreases by at least $1.00 per gallon, then the parties agree to adjust the hourly rate effective the 1st day of the month subsequent to the month covered by the Fuel Purchase Summary in accordance with Exhibit A. The adjustment will be calculated based on a fuel consumption rate of 500 gallons per hour multiplied by the increase or decrease in the CACFG as illustrated Exhibit A. Corporate Air shall also provide Dick’s Sporting Goods the detail of any calculation of the Fuel Purchase Summary it reasonably requests.
Fuel Adjustment. The Fuel Adjustment shall be based on the price index by the DOE. Adjustment shall be based on the most recently available price for Diesel Fuel (cents per Gallon), U.S. Upon approval by Town Council, the annual rate adjustment shall not exceed five percent (5.00%) per year. 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.
Fuel Adjustment addressed above.
Fuel Adjustment. A fuel surcharge schedule shall be in place as follows. Should diesel fuel rise to between $1.450 and higher per liter, 4% will be added to the hourly rate for the truck. Should the cost of diesel fuel fall below $0.725 per liter, a 2% reduction of the hourly rate for the truck will be charged. Rates per liter will be based on Town of Devon Fleet Fuel Account and calculated quarterly as an average of the 3 months prior. Rate changes must be discussed and therefore subject to preapproval of the Town prior to applying charges.
Fuel Adjustment. If the average retail cost of diesel fuel increases by more than 50% based on the average Town price on the Effective Date, the Parties shall negotiate in good faith to make a pro rata adjustment to the compensation set forth in Section 1. EXHIBIT X XXXX REMOVAL ROUTE MAP NO EMPLOYEE AFFIDAVIT [To be completed only if Contractor has no employees]
Fuel Adjustment. In addition to any other amounts payable under this Agreement, Shipper shall furnish to Transporter an amount equal to [omitted - confidential] of Gas received at the Receipt Point(s) for fuel use for transportation.
Fuel Adjustment. Effective January 1, 1996 and throughout the term of this agreement, Mesaba shall submit to Northwest a monthly reconciliation of its cost per gallon of into-plane aircraft fuel. Northwest shall reimburse Mesaba for all into-plane fuel costs incurred by Mesaba in excess of * and Mesaba will reimburse Northwest (through a set-off from revenue wire transfers to Mesaba) for all into-plane fuel costs of less than * based on actual monthly usage. Xxxxxx agrees to pay Northwest a fee of * /month for services related to fuel administration provided by Northwest during the term of this agreement. * *
Fuel Adjustment. Customer shall pay a fuel surcharge, if applicable, in accordance with the chart set forth below. The base fuel price is $ *** per gallon. The "weekly retail on highway diesel" national average fuel price will be monitored using the EIA weekly report, which can be accessed at xxxx://xxxxx.xxx.xxx.xxx/oog/info/wohdp/diesel.asp. An adjustment to the fuel surcharge will be made based on a monthly review (the "Review Period") of the diesel fuel price. The surcharge shall be based on the average diesel fuel price from the preceding 4-week period (5-weeks in one month per quarter) (the "Indexed Fuel Price"), and implemented at the beginning of each calendar month. The fuel surcharge may be increased or decreased according to the chart set forth below. Adjustments will be applied or removed as of each Review Period. *** Portions of this page have been omitted pursuant to a request for Confidential Treatment filed separately with the Commission. Index Fuel Price Surcharge Per Delivery * ** ***
Fuel Adjustment. A fuel adjustment will be made based on changes from the fuel prices in effect on the date of this Agreement, based on the OPIS Benchmark (xxx.xxxxxxx.xxx) as follows: Greyhound’s OPIS price per gallon at the time of this bid XXXXX1 Region and Date of OPIS Price Denver Fleet Miles Per Gallon of Fuel 6.7 During the term of this Agreement, Greyhound will apply an adjustment in the monthly and per trip rates based on the increase or decrease in the OPIS average price per gallon. These adjustments will take place in arrears, every six months following commencement of the Services. Formula for calculating the differential cost is: (six months commutative route miles operated) / (fleet miles per gallon) X (differential in fuel cost). For each six-month fuel adjustment, Greyhound shall provide Great Lakes with a written explanation of the components and calculation of the fuel adjustment. The calculated amount would either result in an additional invoice for added fuel costs or a refund for fuel cost reductions. 1 Material omitted pursuant to a request for confidential treatment. Omitted material has been filed separately.
Fuel Adjustment. Included in the Contract Price is a sum of *** U.S. Dollars (U.S. $***) (“Fuel Adjustment Basis”) for price fluctuation in the cost of gasoline and diesel fuels to be used during construction, commissioning, and start-up of the Stage 3 Facility. The baseline index value from each of the selected indices is as of the week ending ***: Figure 1 FUEL TYPE VALUE IN ESTIMATE* BASELINE INDEX VALUE Gasoline U.S. $*** *** Diesel U.S. $*** *** * Estimate refers to the Fuel Adjustment Basis, which is based on the estimated quantities. On the date Owner issues the NTP, the Contract Price shall be subject to an upward or downward adjustment by Change Order for each of the following fuel types: (a) gasoline and (b) road diesel listed above for any change in the index value, at the nearest weekly datum, as published by the *** for the Gulf Coast Region for each specific fuel type (See Figure 2). The adjustment for each fuel type will be determined by subtracting the baseline index value from the corresponding NTP index value (which is the index value on the date of NTP) and then dividing that result by the baseline index value and multiplying the result by the value in Fuel Adjustment Basis for each of the fuel types listed in Figure 1. For clarity: The indices are as follows for the specific fuel types: FUEL INDEX Gasoline US EIA Weekly Gulf Coast Regular All Formulations Retail Gasoline Prices Diesel US EIA Weekly Gulf Coast No 2 Diesel Retail Prices For avoidance of doubt, Contractor bears the risk of determining the correct quantity of fuel for the Work as of the Contract Date, and this Section 7.11 shall not entitle Contractor to any Contract Price adjustments on account of increases in the actual fuel quantity used for the Work as of the Contract Date.
