Limit Adjustments Clause Samples

The "Limit Adjustments" clause defines how and under what circumstances the limits specified in an agreement—such as financial caps, liability thresholds, or coverage amounts—may be modified during the contract term. Typically, this clause outlines the triggers for adjustment, such as changes in law, regulatory requirements, or significant shifts in the underlying business environment, and may specify the process for recalculating or renegotiating the limits. Its core practical function is to provide flexibility and ensure that the contract remains fair and relevant if external factors necessitate changes to previously agreed-upon limits, thereby protecting both parties from unforeseen risks or imbalances.
Limit Adjustments. The State reserves the right to increase or decrease limits as appropriate.
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Limit Adjustments. The state reserves the right to increase or decrease limits as appropriate. INDUSTRIAL INSURANCE COVERAGE
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Limit Adjustments. The insurance coverage requirements as set forth herein this Master Contract are minimum insurance requirements. The Purchaser reserves the right to request an increase to the above stated policy limits based on the scope, complexity, and risk of each purchased solution. Any changes shall be negotiated at the time of purchase.
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Limit Adjustments. The Participating State reserves the right to increase or decrease limits as appropriate. The Participating State will provide Contractor no less that 30 days notice of change to Limits. Increases in required limits may result in additional cost to the Participating State.
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Limit Adjustments. The Purchaser reserves the right to increase or decrease limits as appropriate upon issuance of a written notice to the Contractor sixty (60) days prior to the effective date of the requirement of the increase or decrease.
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Related to Limit Adjustments

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • 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:

  • Market Adjustments Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • Audit Adjustment If any audit of the records, books or accounts relating to the Properties discloses an overpayment or underpayment of Management Fees, Owner or Manager shall promptly pay to the other party the amount of such overpayment or underpayment, as the case may be. If such audit discloses an overpayment of Management Fees for any fiscal year of more than the correct Management Fees for such fiscal year, Manager shall bear the cost of such audit.

  • Payment Adjustments Notwithstanding anything to the contrary in this Article 3, any payment pursuant to this Article: (a) shall be subject to (i) any delay in payment or reduction required by Section 5.2 hereof, and (b) shall be subject to a set-off equal to the gross amount of any current or deferred compensation, including wages, salary, fees, benefits, tangible or intangible property or ownership rights or interests or other property rights, received by Executive or which he becomes entitled to receive in the future as remuneration for services to any Person, business or other entity as a result of, or in exchange for, any work or services performed, or any intellectual property conveyed by Executive, during the Restricted Period (“Remuneration”), provided that the foregoing provision shall in no way limit or impair Executive’s obligations or the Bank’s rights under Article 3 or Article 4 of this Agreement. Executive understands and agrees that the Bank’s set-off rights will accrue, and any set-off pursuant to this provision will be applied to any non-compete payments due (or previously paid or accrued), after the earlier of Executive’s receipt or accrual of Remuneration (the Set-off Date), and if Executive is not entitled to further payments under this Agreement, Executive agrees to refund the setoff amount in full to the Bank within fourteen (14 days) of Executive’s Certification reporting such remuneration or the Set-off Date, whichever is later.