Fleet Size Adjustments Sample Clauses

The Fleet Size Adjustments clause defines the terms under which the number of vehicles or assets in a managed fleet can be increased or decreased during the contract period. Typically, this clause outlines the process for requesting changes, any notice requirements, and how pricing or service levels may be affected by such adjustments. For example, a client may be allowed to add more vehicles to their fleet with advance notice, or reduce the fleet size if business needs change. The core function of this clause is to provide flexibility for both parties, ensuring the contract can adapt to changing operational requirements while maintaining clear procedures and expectations.
Fleet Size Adjustments. Upon the withdrawal of one or more Covered Aircraft (excluding Turboprop Aircraft) from the capacity purchase provisions of this Agreement, the Appendix 1 Expenses shall be adjusted as follows: a. Expenses set forth in column 2 of Appendix 1 (after giving effect to any adjustments thereto pursuant to this Paragraph A(3)(a)) for each applicable month shall decrease by the quotient of (i) the actual expenses of the type reflected in column 2 relating to the specific aircraft (identified by tail number) withdrawn from the Agreement, divided by (ii) the Cost Difference set forth on Appendix 23. b. Expenses set forth in columns 4, 6, 9, 11, 12 and 13 of Appendix 1 for each applicable month will be reduced by an amount equal to the product of (i) the amount of each of such expenses included in Appendix 1 Expenses (after giving effect to any previous adjustments thereto pursuant to this Paragraph A(3)(b)) and (ii) the quotient of (1) the number of aircraft so withdrawn from the Agreement (after giving effect to any previous adjustments pursuant to this Paragraph A(3)(b)) and (2) the number of aircraft constituting Covered Aircraft immediately prior to such withdrawal. c. The remainder of the Appendix 1 Expenses will decrease as follows: I. For the first {CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT} aircraft (other than Turboprop Aircraft) to be withdrawn from the Agreement (taking into account all withdrawals under the Agreement), the remainder of the Appendix 1 Expenses after giving effect to any other adjustments provided in this Paragraph A(3) will be reduced by the product of (a) such remainder of the Appendix 1 Expenses, Schedule 3-4 multiplied by (b) {CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT} multiplied by (c) the quotient of (1) the number of aircraft so withdrawn and (2) the number of aircraft constituting Covered Aircraft immediately prior to such withdrawal. II. For the next {CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT} aircraft (other than Turboprop Aircraft) to be withdrawn from the Agreement (taking into account all withdrawals from the Agreement), the remainder of the Appendix 1 Expenses after giving effect to any other adjustments provided in this Par...
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Fleet Size Adjustments. Operator must initiate service with a minimum of eighty-five (85) vans; however the Aviation Director, at his sole discretion, reserves the right to increase or decrease the fleet, including the wheelchair accessible vans, as may be necessary to meet passenger demands. Fleet size adjustments will be accomplished by controlling the issuance of vehicle authorization decals.
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Fleet Size Adjustments. 6 Article 11
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Fleet Size Adjustments. The number of Units comprising the Pacer Fleet will be increased or decreased (a “Fleet Size Adjustment”) pursuant to the procedures set forth in the Equipment Agreement, as amended.
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Related to Fleet Size Adjustments

  • Fee Adjustments The fixed fees and other fees expressed as stated dollar amounts in this Schedule C and in this Agreement are subject to annual increases, commencing on the one-year anniversary date of the date of this Agreement, in an amount equal to the percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter,” or a similar index should such index no longer be published, since such one-year anniversary or since the date of the last fee increase, as applicable.

  • Wage Adjustments If the funding available to be used for wages provided by Government in any fiscal year increases, the Employer shall pass on such increases to employees consistent with the funding increase adjusted for any additional deficits that this contract incurs. This will be the case whether the funding increase is for the entire year or simply a portion of it, and wage increases shall be effective upon the effective date of the increased funding. Should there be no increase provided by Government, wages will be maintained at their present levels. Should there be a decrease in funding, then the Employer will maintain wages at present levels. The Employer will promptly provide the Union with any information it receives from the Government regarding funding available for wages, and the parties will meet as required to work towards cooperative resolution of any issues arising from this Government information.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Equitable Adjustments to Prices Whenever any provision of this Indenture requires the Company to calculate the average of the Last Reported Sale Prices, or any function thereof, over a period of multiple days (including to calculate the Stock Price or an adjustment to the Conversion Rate), or to calculate Daily VWAPs over an Observation Period, the Company will make proportionate adjustments, if any, to such calculations to account for any adjustment to the Conversion Rate pursuant to Section 5.05(A)(i) that becomes effective, or any event requiring such an adjustment to the Conversion Rate where the Ex-Dividend Date or effective date, as applicable, of such event occurs, at any time during such period or Observation Period, as applicable.

  • Equitable Adjustments (1) If the Contracting Officer confirms that Government conduct effected a change as alleged by the Contractor, and the conduct causes an increase or decrease in the Contractor's cost of, or the time required for, performance of any part of the work under this contract, whether changed or not changed by such conduct, an equitable adjustment shall be made-- (i) In the contract price or delivery schedule or both; and (ii) In such other provisions of the contract as may be affected. (2) The contract shall be modified in writing accordingly. In the case of drawings, designs or specifications which are defective and for which the Government is responsible, the equitable adjustment shall include the cost and time extension for delay reasonably incurred by the Contractor in attempting to comply with the defective drawings, designs or specifications before the Contractor identified, or reasonably should have identified, such defect. When the cost of property made obsolete or excess as a result of a change confirmed by the Contracting Officer under this clause is included in the equitable adjustment, the Contracting Officer shall have the right to prescribe the manner of disposition of the property. The equitable adjustment shall not include increased costs or time extensions for delay resulting from the Contractor's failure to provide notice or to continue performance as provided, respectively, in (b) and (c) above.