Reduction of Charges Clause Samples

The Reduction of Charges clause allows for the adjustment or decrease of fees or payments under certain conditions specified in the agreement. Typically, this clause outlines scenarios such as service interruptions, underperformance, or changes in scope that would trigger a reduction in the amount owed by one party to another. Its core practical function is to ensure fairness by aligning charges with the actual value or level of service delivered, thereby protecting parties from overpaying when contractual obligations are not fully met.
Reduction of Charges. After the Department has repaid the California Water Fund in full and after each series of Water System Facility 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(a)(1)(A) 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.
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Reduction of Charges. No reduction of charges provided in this Tariff shall operate to reduce the amount payable for any service below minimum charge for that service set out in this Tariff. Under no circumstances will any amount due under this tariff de subject to any deduction, reduction, set-off or waiver of any kind. All amounts are to be paid in full as and when due.
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Reduction of Charges. Except as required by law or as the Seller -------------------- shall deem advisable for its credit card program based on a good faith assessment by the Seller, in its sole discretion, of the various factors affecting the use of its credit card accounts, the Seller will not reduce the finance charges or other fees on the Accounts if, as a result of such reduction, its reasonable expectation of Portfolio Yield as of the time of such reduction would be less than the weighted average base rates of all outstanding Series. In addition, the Seller covenants that, unless required by law, it will not reduce the annual percentage rate if its reasonable expectation of Portfolio Yield would be less than the highest Certificate Rate for any outstanding Series.
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Reduction of Charges. 4.5.1 The Company shall report the Provider’s performance for each half-hour of the service window and shall calculate the appropriate fees according to the performance achieved. 4.5.2 Where there is no net change in export/import power from the baseline in any half hour period of the service event, no Utilisation or Availability Payment will be due for that period. The Provider should include the reason for the failure in the Performance Report. 4.5.3 No Utilisation Payment will be due for periods outside of the instructed Start and Stop Times. 4.5.4 Where applicable, if the Provider has given Unavailability Notification for an agreed service window and the Company has elected to cancel the service as a result, the Availability Payment shall not be payable for that service window. 4.5.5 If the Provider has given notice of capacity reduction for an agreed service window and the Company has elected to continue with the service, the Availability Payment shall be payable based upon the remaining capacity available.
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Reduction of Charges. No Class Member shall owe more than 70% of the charges incurred by that Class Member for Emergency Services. Eligible Claimants who paid
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Reduction of Charges. 5.6.1 The Provider shall report their performance for each half-hour of the service window and shall calculate the appropriate fees according to the performance achieved. 5.6.2 Where there is no net change in export/import power from the Baseline in any half hour period of the service event, no Utilisation or Availability Payment will be due for that period. The Provider should include the reason for the failure in the performance report. 5.6.3 No Utilisation Payment will be due for periods outside of the instructed Start & Stop times. 5.6.4 If the Provider has given notice of unavailability for an agreed Service Window and the Company has elected to cancel the service as a result, the Availability Payment shall not be payable for that service window. 5.6.5 If the Provider has given notice of capacity reduction for an agreed Service Window and the Company has elected to continue with the service, the Availability Payment shall be payable based upon the remaining capacity available.
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Reduction of Charges. Except as otherwise required by Requirement of Law or as the Seller shall deem necessary to maintain the Saks credit card program based on a good faith assessment by the Seller, in its sole discretion, of the various factors affecting the use of its Accounts, the Seller will not reduce the finance charges or other fees on the Accounts if, as a result of such reduction, the Servicer reasonably expects that the Portfolio Yield with respect to all Series outstanding as of the time of, and giving effect to, such reduction would be less than the weighted average Base Rate for all such outstanding Series. In addition, the Seller covenants that, unless required by law, it will not reduce the annual percentage rate, if its reasonable expectation of Portfolio Yield would be less than the highest Certificate Rate for any outstanding Series.
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Related to Reduction of Charges

  • COLLECTION OF CHARGES 16.1 A Sector Association may request the consent of the Administrator to collect charges due from Operators to the Administrator in respect of facilities under the charging scheme. 16.2 If a Sector Association wishes to collect charges due from an Operator to the Administrator under the charging scheme, the Sector Association may serve a notice in writing on the Administrator by the last working day in February in the calendar year in which the charges fall due. 16.3 A notice served under Rule 16.2 must specify the facilities in respect of which the Sector Association intends to collect charges, being not fewer than 50% of the facilities covered by an umbrella agreement. 16.4 Following receipt of the notice, the Administrator must: 16.4.1 consent to the Sector Association collecting charges; or 16.4.2 refuse consent to the Sector Association collecting charges, giving reasons for the decision. 16.5 If the Administrator consents to the Sector Association collecting charges the Sector Association must: 16.5.1 itemise charges separately in any invoices that it issues in respect of charges; 16.5.2 collect and remit all charges collected to the Administrator without deduction or set off by the last working day in September in each year; 16.5.3 prepare an annual report to the Administrator by the last working day in October in the year in which it has collected charges setting out which Operators it has collected charges from and which Operators have failed to pay charges due to the Sector Association. 16.6 A Sector Association must not actively pursue any outstanding charges after the last working day in September in any year in which they fall due. If a Sector Association receives charges after this date the Sector Association must accept the payment and remit this to the Environment Agency along with information identifying the Operator making the payment. 16.7 If a Sector Association fails to comply with any of its obligations under this Rule the Administrator may serve a notice on the Sector Association that consent to the Sector Association continuing to collect charges is withdrawn at the expiry of 20 working days from the date of the notice.

  • Calculation of Charges Contractor shall provide an invoice to the City on a monthly basis for goods delivered and/or Services completed in the immediate preceding month, unless a different schedule is set out in Appendix B, “Calculation of Charges.” Compensation shall be made for goods and/or Services identified in the invoice that the City, in his or her sole discretion, concludes has been satisfactorily performed. In no event shall the amount of this Agreement exceed [insert whole dollar amount in numbers and words -- no pennies and no “.00”]. The breakdown of charges associated with this Agreement appears in Appendix B, “Calculation of Charges.” A portion of payment may be withheld until conclusion of the Agreement if agreed to by both Parties as retainage, described in Appendix B. In no event shall City be liable for interest or late charges for any late payments. City will not honor minimum service order charges for any services covered by this Agreement.

  • Payment of Charges (a) Subject to Section 5.2(b), each Credit Party shall pay and discharge or cause to be paid and discharged promptly all Charges payable by it, including (i) Charges imposed upon it, its income and profits, or any of its property (real, personal or mixed) and all Charges with respect to tax, social security and unemployment withholding with respect to its employees, (ii) lawful claims for labor, materials, supplies and services or otherwise, and (iii) all storage or rental charges payable to warehousemen and bailees, in each case, before any thereof shall become past due. (b) Each Credit Party may in good faith contest, by appropriate proceedings, the validity or amount of any Charges, Taxes or claims described in Section 5.2(a); provided, that (i) adequate reserves with respect to such contest are maintained on the books of such Credit Party, in accordance with GAAP; (ii) no Lien shall be imposed to secure payment of such Charges (other than payments to warehousemen and/or bailees) that is superior to any of the Liens securing payment of the Obligations and such contest is maintained and prosecuted continuously and with diligence and operates to suspend collection or enforcement of such Charges, (iii) none of the Collateral becomes subject to forfeiture or loss as a result of such contest, (iv) such Credit Party shall promptly pay or discharge such contested Charges, Taxes or claims and all additional charges, interest, penalties and expenses, if any, and shall deliver to Agent evidence reasonably acceptable to Agent of such compliance, payment or discharge, if such contest is terminated or discontinued adversely to such Credit Party or the conditions set forth in this Section 5.2(b) are no longer met, and (v) Agent has not advised Borrower in writing that Agent reasonably believes that nonpayment or nondischarge thereof could have or result in a Material Adverse Effect.