Price Increases definition

Price Increases. At least sixty (60) calendar days before the end of the initial term of this Contract, the Contractor may propose price increases by written notice to the Contract Administrator. Price increases are to be on a pass-through basis only and must not produce a higher profit margin for the Contractor than that established by original contract pricing. Requests must include supporting documentation such as price increases at the manufacturer's level and/or other documentation of cost increases, such as the Producer Price Index, and/or the result of increases at the manufacturer's level, incurred after contract commencement date. Price adjustments may be taken into consideration by the DES’s Contract Administrator when determining whether to extend this Contract. • Consideration of price increases will be at the sole discretion of the Contract Administrator. If a price increase is approved in part or in full, the resulting new contract pricing will be implemented through a contract amendment. Prices must be held for 365 days following the effective date. • Contract extensions and price adjustments: Contractors may not make contract extensions contingent on price adjustments.
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Price Increases has the meaning set forth in Section 3.1 herein.
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Price Increases is modified as follows: You may withdraw a Service from an order or terminate a Service to which an increase applies by providing us with written notice within one month of the date of our notice of increase. Continued use of a Service after the effective date of any price change shall be considered as acceptance of the change.
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Examples of Price Increases in a sentence

  • Pricing Price increases will be honored according to the terms of the solicitation.

  • Price increases 14% or greater, except when justified by supporting documentation, receive 0 points.

  • Price increases will be honored according to the terms of the solicitation.

  • Pricing Price increases will be honored according to the terms of the solicitation and vendor proposal.

  • Price increases shall be effective upon final approval by the State, and may not be posted on the pricelist prior to receipt of final approval.

  • Price increases shall be effective upon final approval by the State, and may not be posted by Contractor prior to receipt of final approval.

  • Price increases must be approved by Region 4 ESC and no payment for additional materials or services, beyond the amount stipulated in the Contract shall be paid without prior approval.

  • Price increases shall not exceed the average percent change in PPI for the prior five years or three percent, whichever is less.

  • Price increases, if any, shall be in accordance with the original contract or negotiated at the time of renewal.

  • Price increases must be approved by CCOG and no payment for additional materials or services, beyond the amount stipulated in the Agreement, shall be paid without prior approval.


More Definitions of Price Increases

Price Increases. Subject to Section 8.1 above, Thomas reserves the right to change the prices after the end of the xxxxx twelve months of the term hereof and after the end of each twelve month period which commences on [July] 1st in each year during the term of this Agreement or any renewal hereof, provided that Thomas shall give HHI not less than ninety (90) days prior written noxxxx xefore the effective date of any increase in price. Any orders for Products submitted by HHI and accepted by Thomas which have not been shipped to HHI before such effective daxx xxxl be filled at the price in effect on the date of HHI's order for such Products.
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Price Increases. (Many caterers/facilities include this type of clause, and if so the terms of which should be clearly defined.) There may be increases in prices due to unforeseen changes in market conditions at the time of this event. Caterer will communicate these increases in advance to Chapter. Caterer will require written confirmation that Chapter agrees to pay the increased prices. Alternatively, Caterer may make reasonable substitutions in menus upon agreement from Chapter. Gratuity & Service Charge: (These should be negotiated and stated here. Example follows) 21% of the food and beverage total, plus any applicable state or local tax, will be added to your account as a service charge. This service charge is not a gratuity and is the property of the Caterer to cover discretionary costs of the event. Deposit / Taxes: (Terms should be listed here only if a deposit is required.) (Example): Chapter to pay a non-refundable deposit of ($ enter amount) upon signing this agreement. Chapter agrees to pay separately any and all federal, state, municipal or other taxes imposed on or applicable to this event. In the State of (state), service charges and public room rental are subject to an 8.75 % tax. [Note: AACN Chapters are sales tax-exempt in the following states: FL, IN, MD, MA, NJ, PA, and TX. Chapters may obtain a copy of the tax exemption certificates by contacting Xxxxxxxx@xxxx.xxx.] Final Payment: Balance due to Caterer by (date). Force Majeure: Neither party shall be responsible for failure to perform this contract if circumstances beyond their control, including, but not limited to; acts of God, shortage of commodities or supplies to be furnished by the meeting facility, governmental authority, or declared war in the United States make it illegal or impossible for the meeting facility to hold the event. Cancellation: (Several examples; select one) There is no cancellation fee should the event be cancelled. Cancellation up to 30 days prior to event – no charge for cancellation. Cancellation between 1-3 weeks prior to event – 25% of total catering fee based on stated guest count and pricing above. Cancellation in last week prior to event – 50% of total catering fee based on stated guest count and pricing above. Cancellation fees are additional charges and not covered by the non-refundable deposit. You may cancel this Agreement only upon giving written notice to Caterer. The parties agree and understand that in the event of cancellation, the actual damages would be diff...
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Related to Price Increases

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Increase Amount is defined in Section 2.3(a).

  • CPI Increase means the percentage increase in CPI over the preceding Lease Year as calculated by the fraction whose numerator is (a) the most current CPI available on the date of calculation minus (b) the most current CPI available on the first day of the immediately preceding Lease Year in question (the “Base CPI”), and whose denominator is the Base CPI, but in no event shall the “CPI Increase” be less than zero.

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $25,000,000 minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of the Agreement.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Lot line adjustment means the relocation of the property boundary line in a

  • Increased Amount Date shall have the meaning provided in Section 2.14(a).

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Increase has the meaning specified therefor in Section 2.14.

  • Credit Adjustment shall have the meaning specified in Section 3.02.

  • Tax Increment means the difference between:

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

  • Fixed Amount has the meaning assigned to such term in Section 1.10(c).

  • Aggregate Remaining Net Positive Adjustments means, as of the end of any taxable period, the sum of the Remaining Net Positive Adjustments of all the Partners.

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Incremental Effective Date has the meaning specified in Section 2.15(c).