Reduction in Charges Sample Clauses
The 'Reduction in Charges' clause establishes the conditions under which the fees or charges payable under an agreement may be decreased. Typically, this clause outlines specific triggers for a reduction, such as a decrease in the scope of services, failure to meet agreed performance standards, or changes in applicable laws that lower costs. For example, if a service provider delivers less than the contracted amount of work, the charges may be adjusted downward accordingly. The core practical function of this clause is to ensure fairness and flexibility in pricing, protecting the paying party from overpaying when circumstances change or obligations are not fully met.
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Reduction in Charges. The Water System Revenue Bond Surcharge under Article 50(b)(2) shall cease for each series of water system revenue bonds when that series is fully repaid. However, the annual charge determined pursuant to Article 50(b)(1) shall continue to be collected for the time periods otherwise required under Articles 22 and 24.
Reduction in Charges. 49.1.1 If at any time prior to the delivery and Acceptance or approval (if applicable) of any Service required to be provided under this Services Agreement, the Charges for that Service are reduced (whether generally to the market place or for other similar customers), the Charges for that Service will be deemed to be reduced to the same extent.
Reduction in Charges. The Water System Revenue Bond Surcharge under Article 50(b)(2) shall cease for each series of water system revenue bonds when that series is fully repaid. However, the annual charge determined pursuant to Article 50(b)(1) shall continue to be collected for the time periods otherwise required under Articles 22 and 24. After the Department has repaid the California Water Fund in full and after each series of Water System Revenue Bonds is repaid, the Department will reduce the charges to all contractors in an equitable manner in a total amount that equals the amount of the charges under Article 50(b)(1) that the Department determines is not needed for future financing of facilities of the System which, in whole or in part, will serve the purposes of the water supply contract with the Agency.
Reduction in Charges. Any Change may result in a reduction in Charges payable under this Agreement, in particular, where the Change would reduce the cost to Provider of providing the affected Services. During the Term, Provider will use commercially reasonable efforts to plan for, identify and realize opportunities, including introduction of new, changed or improved processes, methods, methodologies, technologies, Equipment and/or Software, to reduce the cost of providing the Services. In so doing, Provider will submit a Change Order, advising T-Mobile of each savings opportunity that Provider has identified together with Provider’s best good faith estimate of the resulting savings to Provider. Unless T-Mobile objects to such Change, Provider will implement the savings opportunities so identified and the Charges will be revised so that the net decrease in the cost of providing the Services is allocated between Provider and T-Mobile equally during the first twelve (12) months following such Change (unless otherwise provided in the Master Services Agreement 42 [* * *] The confidential content of this Exhibit 10.1 has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Pricing Schedule, Order or elsewhere in the SA or otherwise agreed by the Parties in writing) with such savings to be effective starting in the calendar month in which they are realized by Provider.
Reduction in Charges. McLeodUSA represents that it will throughout the ----- --------------------- term of this Agreement vigorously pursue reductions in the per city charges identified on Schedule 25.1 as a result of anticipated cost savings by McLeodUSA. To the extent that McLeodUSA realizes incremental cost savings (defined as those that may accrue as a result of McLeodUSA becoming a CLEC, installation of new equipment, removal of PRIs, installation of IMT trunks, etc.) during the term of this Agreement, McLeodUSA will extend fifty percent (50%) of the cost savings to Prodigy in the form of reduced per city charges on the beginning of the seventh month following the reduction in costs to McLeodUSA. McLeodUSA further agrees to provide Prodigy this costing information every six months for planning purposes with the first report due on January 1, 2002 and then by specific POP as cost reductions are realized. McLeodUSA may reduce any per city rate at any time to remain competitive with the prices of other network providers. So long as Prodigy meets the minimum traffic commitment of Section 25.1 or pays the minimum monthly charge, Prodigy shall be free to use other network providers for any location that Prodigy provides its service and/or in any city identified on Schedules 25.1 and 25.2 as may be amended from time to time.
Reduction in Charges. As part of the tendering process Cornmarket and the TUI secured a significant reduction in the two core charges levied by the insurance companies.The majority of members will see their contribution charge fall by almost 25% to only 3.75% from the 1st September 2011.The Annual Management Charge levied has in the majority of cases been reduced to:
Reduction in Charges. ▇▇▇▇▇▇▇ and Furr's agree, commencing as of the date hereof, that the Supply Agreement shall be amended and modified as follows: