Effect of Change in Rates Clause Samples
The "Effect of Change in Rates" clause defines how adjustments in applicable rates—such as taxes, fees, or interest—impact the obligations or payments under an agreement. Typically, this clause specifies whether increases or decreases in such rates will be passed on to one of the parties, often resulting in adjustments to the amounts payable. For example, if a government increases a tax rate relevant to the contract, the clause may require the affected party to pay the additional cost. Its core function is to allocate the risk of rate fluctuations, ensuring that both parties understand how such changes will affect their financial responsibilities during the contract term.
Effect of Change in Rates. Parent and ElderCare shall use their reasonable best efforts to cause each of the insurance companies, HMOs and third-party administrators providing services and benefits under the Parent Health and Welfare Plans and the ElderCare Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the Parent Health and Welfare Plans and the ElderCare Health and Welfare Plans through the Transition Date. To the extent they are not successful in such efforts, Parent and ElderCare shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective Health and Welfare Plans.
Effect of Change in Rates. Crane and Huttig shall use their reasonable efforts to cause each of the insurance companies, point-of-service vendors and third-party administrators providing services and benefits under the Crane Health and Welfare Plans and the Huttig Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the Crane Health and Welfare Plans and the Huttig Health and Welfare Plans through the expiration of the financial fee or rate guarantees in effect as of the Close of the Distribution Date under the respective ASO Contracts and Group Insurance Policies. To the extent they are not successful in such efforts, Crane and Huttig shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective Health and Welfare Plans.
Effect of Change in Rates. Until such time as Continental shall determine in its sole discretion, Continental and Holdings shall use their reasonable best efforts to cause each of the insurance companies, HMOs and third-party administrators providing services and benefits under the Continental Plans and the Holdings Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the Continental Plans and the Holdings Plans. To the extent they are not successful in such efforts, Continental and Holdings shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective plans.
Effect of Change in Rates. TopBuild and Masco shall use their reasonable efforts to cause each of the insurance companies, point-of-service vendors and third-party administrators providing services and benefits under the New TopBuild Health and Welfare Plans and the Masco Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the New TopBuild Health and Welfare Plans and the Masco Health and Welfare Plans through the expiration of the financial fee or rate guarantees in effect as of the Close of the Distribution Date under the respective contracts, policies, and agreements separately rated or adjusted for the demographics, experience or other relevant factors related to the covered participants of TopBuild and Masco, respectively. To the extent they are not successful in such efforts, TopBuild and Masco shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective health and welfare plans.
Effect of Change in Rates. Patriot and FRP shall use their reasonable efforts to cause each of the insurance companies, HMOs, point-of-service vendors and third-party administrators providing services and benefits under the New FRP Health and Welfare Plans and the Patriot Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the New FRP Health and Welfare Plans and the Patriot Health and Welfare Plans through the expiration of the financial fee or rate guarantees in effect as of the Close of the Distribution Date under the respective contracts, policies, and agreements separately rated or adjusted for the demographics, experience or other relevant factors related to the covered participants of Patriot and FRP, respectively. To the extent they are not successful in such efforts, Patriot and FRP shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective health and welfare plans.
Effect of Change in Rates. ▇▇▇▇▇▇ USA and ▇▇▇▇▇▇ Oil shall use their reasonable efforts to cause each of the insurance companies, HMOs, point-of-service vendors and third-party administrators providing services and benefits under the New ▇▇▇▇▇▇ USA Health and Welfare Plans and the ▇▇▇▇▇▇ Oil Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the New ▇▇▇▇▇▇ USA Health and Welfare Plans and the ▇▇▇▇▇▇ Oil Health and Welfare Plans through the expiration of the financial fee or rate guarantees in effect as of the Close of the Distribution Date under the respective contracts, policies, and agreements separately rated or adjusted for the demographics, experience or other relevant factors related to the covered participants of ▇▇▇▇▇▇ USA and ▇▇▇▇▇▇ Oil, respectively. To the extent they are not successful in such efforts, ▇▇▇▇▇▇ USA and ▇▇▇▇▇▇ Oil shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective health and welfare plans.
Effect of Change in Rates. Heinz and Spinco shall use their commercially reasonable best efforts to cause each of the insurance companies, HMOs, and third-party administrators providing services and benefits under the Heinz Health and Welfare Plans and the Spinco Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the Heinz Health and Welfare Plans and the Spinco Health and Welfare Plans, after the Close of the Distribution Date and through the end of the Transition Services Period, separately rated or adjusted for the demographics, experience or other relevant factors related to the covered participants of the Heinz Group and Spinco Group, respectively. To the extent they are not successful in such efforts, Heinz and Spinco shall each bear the cost of the revised premium or administrative rates for health and welfare benefits attributable to the individuals covered by their respective Plans.
Effect of Change in Rates. NCR and Teradata shall use commercially reasonable efforts to cause each of the insurance companies and third-party administrators providing services and benefits under the NCR Health and Welfare Plans and the Teradata Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the NCR Health and Welfare Plans and the Teradata Health and Welfare Plans as of immediately prior to the Effective Date through the end of the year in which the Effective Date occurs. To the extent they are not successful in such efforts, NCR and Teradata shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective Health and Welfare Plans.
Effect of Change in Rates. PepsiCo and TRICON shall use their reasonable best efforts to cause each of the insurance companies, HMOs, paid provider organizations and third-party administrators providing services and benefits under the PepsiCo Health and Welfare Plans and the TRICON Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the PepsiCo Health and Welfare Plans, after the Close of the Distribution Date, and the TRICON Health and Welfare Plans through December 31, 1998, separately rated or adjusted for the demographics, experience or other relevant factors related to the covered participants of PepsiCo and TRICON, respectively. To the extent they are not successful in such efforts, PepsiCo and TRICON shall each bear the revised premium or administrative rates for health and welfare benefits attributable to the individuals covered by their respective Plans.
Effect of Change in Rates. Expedia and TripAdvisor shall use commercially reasonable efforts to cause each of the insurance companies and third-party administrators providing services and benefits under the Expedia Health and Welfare Plans and the TripAdvisor Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the Expedia Health and Welfare Plans and the TripAdvisor Health and Welfare Plans as of immediately prior to the Effective Date through the end of the year in which the Effective Date occurs. To the extent they are not successful in such efforts, Expedia and TripAdvisor shall each bear the revised premium or administrative rates attributable to the individuals covered by their respective Health and Welfare Plans.