Rate Setting Process Clause Samples

The RATE-SETTING PROCESS clause defines the method by which rates, fees, or charges are determined under an agreement. Typically, this clause outlines the criteria, timing, and procedures for establishing or adjusting rates, such as referencing market benchmarks, cost structures, or periodic reviews. Its core practical function is to provide a transparent and consistent framework for setting or revising rates, thereby reducing disputes and ensuring both parties understand how charges will be calculated throughout the contract term.
Rate Setting Process. The process for determining the rates and charges to the City from SDDPC for their services shall occur in the months of August to November for the following Fiscal Year. The City will identify a core rate-setting team to negotiate the rates and charges. The rate-setting team will be comprised of the following individuals: two or three (at the discretion of the Director of IT) high-level representatives from the Department of IT (including the Director of IT), one representative from the City’s Information Technology Business Leadership Group (“IT BLG”), one representative from the Financial Management Department, and optionally, one representative from the Comptroller’s office. SDDPC representatives on the rate-setting team will be designated by SDDPC’s Executive Director (or, in the absence of the Executive Director, by SDDPC’s Board of Directors), and shall include the CFO and senior level operational management. Another outcome of the rate setting process is an agreement on the method by which the specific services are billed to the City (i.e. fixed-price, time-and-materials).
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Rate Setting Process. ‌ Adjustments to the rates that are performed outside of the rate setting process described in the rate certification are not considered actuarially sound under 42 CFR § 438.4. There are no adjustments to the rates performed outside the rate setting process.
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Rate Setting Process. The City has adopted Rates to take effect on the Commencement Date. Rates are included as Exhibit F. The City shall be responsible for establishing future Rates as described in this Article. Contractor shall provide the services required by this Agreement, charging only those Rates then in effect until Rates are adjusted by the City pursuant to Exhibits I-1 and I-2. If at any time during the Term of the Agreement, the Contractor determines the need for a Rate that does not appear on the City-approved Rate schedule, Contractor shall immediately notify the City and request establishment of such Rate. For example, if a Customer requires Collection of a three-cubic-yard Compactor Bin five (5) times per week and the City-approved Rate schedule does not include this level of service, the Contractor must request that the City approve a Rate for this level of service. Contractor must also request City approval of any Rates, fees or surcharges not listed in the Rate schedule. Contractor shall not charge Customers any Rate unless and until they are itemized on the City-approved Rate schedule. The City shall have the sole and exclusive right to change the relationship of individual Rates in comparison with other Rates as it deems appropriate. Any such changes would occur in conjunction with the annual Rate adjustment process described in Exhibits I-1 and I-2.
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Rate Setting Process 
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Related to Rate Setting Process

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.

  • Fixed Kilowatt Rate Product If Clearview Energy would like to propose a change to a fixed kilowatt rate product, you will be notified by the process described in Change of Terms. Fixed price products may change due to new or modified federal, state or local laws; or regulatory actions that impose new or modified fees. 2b. Month-to-month Variable Kilowatt Rate Product – Month-to-month variable kilowatt rate products are subject to change without notice at Clearview Energy’s discretion outside of any applicable promotion. If applicable, the Monthly Base Charge may also fluctuate outside of any applicable promotion. All pricing can be viewed at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Notification of rates of interest The Agent shall promptly notify the Lenders and the Borrower of the determination of a rate of interest under this Agreement.

  • % Deposit Payment of The Fixed Reserve Price 5.1. E-Bidders must make deposit payment as required under the Conditions of Sale attached to Proclamation of Sale, i.e. 10% of the reserve price. 5.2. Payment of the deposit must be made via local bank transfer in favour of Rajan Auctioneers Bidders Account (BIDDER DEPOSIT). Transaction must be done with in one (1) working day before the auction date with the following details; a) Account’s Name : RAJAN AUCTIONEERS SDN BHD - ACC2 b) Name of Bank : RHB BANK BERHAD c) Account Number : 21242400054193 d) Description : BIDDER DEPOSIT 5.3. Evidence of the transfer must be uploaded and submitted at the time of registration. 5.4. E-Bidders residing outside Malaysia/ (“Foreign E-Bidders”) must make deposit payment as required under the Conditions of Sale attached to Proclamation of Sale, i.e. 10% of the reserve price. Payment of the deposit must be made to as per mentioned in Proclamation of Sale in favour of the Auctioneer in accordance with 5.2 herein above with Swift Code as: ▇▇▇▇▇▇▇▇ ,Branch :1812424, Jalan Stesyen Klang. Evidence of payment must be uploaded and submitted at ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇ or WhatsApp to ▇▇▇-▇▇▇▇▇▇▇ within (4) working days before auction date.