Allowable Profit. When performing the procedure described in the “City of San ▇▇▇▇ Obispo Rate Setting Process and Methodology Manual/or Integrated Solid Waste Management Rates,” dated June 1994, the allowable profit on expenses shall be calculated using targeted operating ratioof ninety-three percent (93%), with a range of ninety-one percent (91%) to ninety- five percent (95%), applied to Franchisee’s reasonable and necessary allowable costs, as these costs are defined in the rate setting manual, incurred in the performance of its obligations under this Agreement.
Appears in 2 contracts
Sources: Franchise Agreement, Franchise Agreement