Rate Redetermination for Market Change Sample Clauses
The Rate Redetermination for Market Change clause allows for the adjustment of contract rates in response to significant changes in market conditions. Typically, this clause outlines the circumstances under which either party can request a review of the agreed rates, such as substantial fluctuations in market prices or costs of goods and services. Its core practical function is to ensure that the contract remains fair and economically viable for both parties by providing a mechanism to realign rates with current market realities, thereby mitigating the risk of one party bearing disproportionate financial burdens due to unforeseen market shifts.
Rate Redetermination for Market Change. In the event of delay or interruption, exceeding 90 days, under B8.33, Contracting Officer shall make an appraisal to determine for each species the difference between the appraised unit value of Included Timber immediately prior to the delay or interruption and the appraised unit value of Included Timber immediately after the delay or interruption. The appraisal shall be done after any rate redetermination done pursuant to B3.31, using remaining volumes.
Rate Redetermination for Market Change. In the event of delay or interruption, exceeding 90 days, under BT8.33, Contracting Officer shall make an
Rate Redetermination for Market Change. In the event of delay or interruption, exceeding 90 days, under BT8.33, Contracting Officer shall make an appraisal to determine for each species the difference between the appraised unit value of Included Timber immediately prior to the delay or interruption and the appraised unit value of Included Timber immediately after the delay or interruption. The appraisal shall be done after any rate redetermination done pursuant to BT3.31, using remaining volumes. Current Contract Rates in effect at the time of delay or interruption or established pursuant to BT3.31 will be reduced, if appraised rates declined during the delay or interruption. Increases in rates will not be considered. Accordingly, Base Rates shall be adjusted to correspond to the redetermined rates if redetermined rates are less than the original Base Rates, subject to a new Base Rate limitation of the cost of essential reforestation or 25 cents per hundred cubic feet or equivalent, whichever is larger. Redetermined rates shall be considered established under BT3.1 for timber removed subsequent to the delay or interruption. BT3.4 Other Payment Rates. BT3.41 Material and Quantities Not on Page 1. Incidental amounts of products or portions of trees of species listed on Page 1 that do not meet Utilization Standards may be removed without charge. Such material may be purposely removed in more than incidental amounts without charge upon written approval of Contracting Officer, and subject to agreement on deposits if needed for road maintenance and use. Other species or products not listed on Page 1 may be cut and removed upon written approval of Contracting Officer and subject to agreement on rates of payment and deposits if needed for road maintenance and use. When any material suitable for use in a product form included on Page 1 is removed in another product form, the rates of payment shall be not less than but approximately equivalent to Current Contract Rates and Required Deposits. BT3.42 Timber Cut Through Mistake. Undesignated timber meeting Utilization Standards, cut by Purchaser through mistake and included by Contracting Officer under BT2.14, shall be removed and paid for at Current Contract Rates and Required Deposits, unless such material is not listed on Page 1. In such event, Contracting Officer, in accord with standard Forest Service methods, shall establish rates to be paid. BT3.43 Undesignated Timber Damaged Without Negligence. Undesignated timber meeting Utilization Standards, damag...