Contract Term Adjustment Sample Clauses

Contract Term Adjustment. I.2.1.2 MARKET-RELATED CONTRACT TERM ADDITION

Contract Term Adjustment. (07/2016) “Contract Term Adjustment” (CTA) means adjustment only as provided for in the three circumstances described in this subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more normal operating seasons equal to the actual time lost, except as limited by paragraph (2) in this subsection. To qualify for such adjustment, contractor shall give written notice of the lost time not later than 30 days after the end of the normal operating season in which time was lost and at least 10 days before termination date. Contracting officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days the Forest Service considers as qualifying for the adjustment. Lost parts of days shall be disregarded in computing time lost. The three circumstances qualifying for a CTA are:

Contract Term Adjustment. Contract Term Adjustment" means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in BTS.O-OTHER CONDITIONS one or more Normal Operating Seasons equal to the BTS.1 Title and Liability. actual time lost, except as limited by paragraph (b) in this

Contract Term Adjustment. (07/2016)

Contract Term Adjustment. The Primary Term of the Contract shall automatically be extended by the period(s) of time that (i) the Repair Rate, Standby Rate or other applicable rate is zero (0) or (ii) 50% of the Operating Rate is applicable as provided in this Drilling Contract. For those periods that 50% of the Operating Rate is applicable, the time extended will be 50% of such period (for example, if the 50% Operating Rate applied for a particular two (2) day period, the time extended would be one (1) day). All such repair and accrued extension periods will be reported by Contractor in conjunction with submission of its invoices in accord with Section 4.1.

Contract Term Adjustment. Contract Term Adjustment" means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termiriation Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

Contract Term Adjustment. A Contract Term Adjustment may be considered based on actual time lost through unforeseeable causes beyond the control and without fault or negligence of the Contractor, including, but not restricted to, acts of the State, closures by government regulatory agencies, mill closures, fires, vandals, and unusually severe weather conditions, provided that the Contractor shall, within seven (7) calendar days of the initiation of such delay, notify the State, in writing, of the cause of delay, upon which notification the State shall ascertain the facts and extent of the delay and notify the Contractor in writing of its decision regarding contract adjustment.

Contract Term Adjustment. This sale is in urgent need of harvesting. It would be in the bidder's best interest to make their own volume estimate and bid accordingly. It is also recommended that the Purchaser begin harvesting this sale as soon as possible to minimize volume loss. In order to facilitate the harvest of the high risk timber on this sale, contract term adjustments may be granted to the Purchaser on other green sales they might have on the Chequamegon-Nicolet National Forest. A showing of impact on these sales is a prerequisite to granting an adjustment and the number of days granted would depend on a case-by-case review and would reflect the time lost logging on this sale AT2 VOLUME ESTIMATION AND UTILIZATION STANDARDS Volume estimates were made from timber cruising that occurred between January 31 and February 21of 2014. Hardwood Sawtimber volume estimates are the result of two slightly different cruising specifications for Hardwood Sawtimber: Eight foot sections cruised as Hardwood Sawtimber products with a small end DIB (Diameter Inside Bark) between 9.6" and 11.5" had a net scale in percent of gross scale of at least 95% (i.e. were considered to be at least 95% sound). Eight foot sections cruised as Hardwood Sawtimber products with a small end DIB over 11.5" had a net scale in percent of gross scale of at least 50%. Estimated sawtimber volumes can be converted to estimated MBF volumes by multiplying by 0.54; estimated pulpwood volumes can be converted to estimated MBF volumes by multiplying by 0.633. AT6 HIGH STUMPS Maximum ▇▇▇▇▇ Heights shall be no more the 12 inches, measured from the high side of the ▇▇▇▇▇. AT12 TERMINATION DATE Termination Date is set for June 30th 2017 AT13 NORMAL OPERATING SEASON Normal Operating Season is January 01 to December 31. AT17 MARKET RELATED CONTRACT TERM ADDITION PRODUCER PRICE INDEX The Producer Price Index is the Soft Wood Lumber Index. This index was established to reflect expected marketing of a majority of the products on this sale. Purchaser may request, prior to contract execution, the use of a different available index (Wood Chips Index or Hardwood Lumber Index) through a written request justifying why the change is being requested. This request will be forwarded to, and considered by, the Forest Supervisor for approval. If agreed upon, the change will become part of the executed contract. The index may not be changed once the contract has been executed.