Flexible Rates Sample Clauses

The Flexible Rates clause allows for the adjustment of pricing or fees under certain conditions during the term of an agreement. Typically, this clause outlines the circumstances under which rates may be increased or decreased, such as changes in market conditions, regulatory requirements, or cost fluctuations. By providing a mechanism for rate changes, it ensures that both parties can adapt to unforeseen economic shifts, thereby reducing the risk of unfair pricing and maintaining the contract’s relevance over time.
Flexible Rates. A Flexible Rate for each Flexible Rate Period for a Tax Exempt Bond shall be determined as follows: (i) The Flexible Rate Period for a Tax Exempt Bond shall be of such duration, not exceeding 270 days, as may be offered by the Remarketing Agent and specified by the purchaser pursuant to Section 4.2 or 4.3 hereof and any Tax Exempt Bond may bear interest at a Flexible Rate for a Flexible Rate Period different from any other Tax Exempt Bond; provided that each such Flexible Rate Period shall (A) commence on the Flexible Rate Conversion Date and on a Business Day thereafter and (B) end on a day which is immediately prior to a Business Day. The Remarketing Agent shall determine the Flexible Rate no later than the commencement date of such Flexible Rate Period. (ii) The Flexible Rate and Flexible Rate Period shall be determined by the Remarketing Agent so as to achieve the minimum net interest cost on the Tax Exempt Bonds bearing interest at a Flexible Rate taking into account prevailing market conditions as provided in Section 4.2 hereof. In no event shall the Flexible Rate for any Flexible Rate Period exceed the Maximum Rate. In determining a Flexible Rate, the Remarketing Agent may take into account derivative transactions entered into by the Company with respect to the Tax Exempt Bonds bearing interest at a Flexible Rate and may determine the rate on the Tax Exempt Bonds bearing interest at a Flexible Rate based on the lowest rate actually payable by the Company after taking into account such derivative transactions; provided that the interest rate on the Tax Exempt Bonds bearing interest at a Flexible Rate without regard to the derivative transaction is a rate that causes the market value of said Bonds to be par plus accrued interest on the effective date of such determination. In connection with such transactions, the interest payable on Tax Exempt Bonds during a Flexible Rate Period need not be a fixed percentage of the principal amount of said Bonds and may be determined on a contingent basis. If the Flexible Rate is determined pursuant to this section, the Flexible Rate may be stated on an attachment to said Bonds. If the Remarketing Agent fails for any reason to determine the Flexible Rate or Flexible Rate Period or if any condition to the conversion of any Rate Period to a Flexible Rate Period is not satisfied on or before the Conversion Date, the Rate Period for each Tax Exempt Bond for which the Flexible Rate or Flexible Rate Period is not determin...
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Flexible Rates. Nothing in this Tariff limits Transporter's right to implement different rates and charges in individual park and loan agreements under this Rate Schedule within the ranges shown on the Statement of Rates. Transporter is not required to tender a service agreement or provide parking and loaning service when service has been requested at a discounted rate.
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Flexible Rates. (i) The Flexible Rate Period for each Bond of a Subseries shall be of such duration, not exceeding 270 days, as may be offered by the Remarketing Agent and specified by the purchaser; provided that if a Letter of Credit is then in effect for such Subseries and such
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Flexible Rates. Nothing in this Tariff limits Transporter's right to implement different rates and charges in individual PAL1 agreements under this Rate Schedule within the ranges shown on the Statement of Rates. Transporter is not required to tender a service agreement or provide Park and Loan service when service has been requested at a discounted rate or when Transporter determines that service cannot be provided.
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Flexible Rates 
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Related to Flexible Rates

  • Applicable Rate The definition of “Applicable Rate” set forth in Section 14 is hereby amended by adding to the end of Subsection (b) of the definition after the word “Rate” the following provision: “; provided, however, that if the payee is a Defaulting Party for purposes of Section 6(e), then the rate shall be the Non-default Rate.”

  • Variable Rate The initial ANNUAL PERCENTAGE RATE for Purchases is a fixed promotional rate as shown on page 1 of this Agreement and will remain in effect for your first six (6) billing cycles following the opening of your account ("Initial Rate Period for Purchases"). The Daily Periodic Rate during the Initial Rate Period for Purchases is 0%. After the Initial Rate Period for Purchases, the Daily Periodic Rate for Purchases based on the Current Index and Rate Spread described below will be .0493% and the corresponding ANNUAL PERCENTAGE RATE will be 18.00%. After the Initial Rate Period for Purchases, the ANNUAL PERCENTAGE RATE for Purchases will change to the current rate shown on page 1 of this Agreement. The ANNUAL PERCENTAGE RATE for transfers of account balances you have with another creditor ("Balance Transfers") is a fixed rate as shown on page 1 of this Agreement and will be in effect for eight (8) billing cycles following the opening of your account. The Daily Periodic Rate for Balance Transfers during the eight-billing cycle period is 4.99%. The Daily Periodic Rate for Balance Transfers after the eight-billing cycle period based on the Current Index and Rate Spread described below will be .0493% and the corresponding ANNUAL PERCENTAGE RATE will be 18.00%. The ANNUAL PERCENTAGE RATE for Balance Transfers after the eight-billing cycle period will change to the current rate shown on page 1 of this Agreement. The current Daily Periodic Rate for Purchases and Balance Transfers is .0493%. The Daily Periodic Rate and the corresponding ANNUAL PERCENTAGE RATE may change (by increasing or decreasing) on the first day of each of your billing cycles that begin in March, June, September, and December. Each date on which the rate of interest could change is called a "Change Date." Changes will be based on changes in the "Index." The Index is the highest U.S. Prime Rate published in the "Money Rates" section of The Wall Street Journal on the last business day of the calendar month prior to the month in which the Change Date occurs. The most recent Index is called the “Current Index.” If the Index is no longer available, we will choose a new index based upon comparable information and will give you notice of our choice. Your interest rate for Purchases is based on a variable rate equal to the sum of the Current Index plus a "Rate Spread" of 12.99 percentage points. (The Rate Spread is also called the Margin.) Immediately before each Change Date we will determine the new interest rate for Purchases by adding the Rate Spread to the Current Index. For example, if the Current Index was 7.00% and the Rate Spread 12.99 percentage points, the ANNUAL PERCENTAGE RATE would be 18.00% and by dividing this percentage figure by 365, we would compute a Daily Periodic Rate of .0493%. The new interest rate for Purchases will become effective at the start of your first billing cycle after the Change Date. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate permitted by law. The effect of any increase in the ANNUAL PERCENTAGE RATE and the Daily Periodic Rate for Purchases would be to increase the amount of interest you must pay and thus increase your monthly payments.

  • Explanation of Variable Rates If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. How Rates and Fees Work

  • Hourly Rates The following is a list of hourly billable rates that Contractor shall apply for additional services requested of the Contractor. Contractor shall be compensated based on the hourly rates set forth below, on a time and material basis for those services that are within the general scope of services of this Agreement, but beyond the description of services required under Exhibit A, and all services are reasonably necessary to complete the standards of performance required by this Agreement. Any changes and related fees shall be mutually agreed upon between the parties by a written amendment to this Agreement. Hourly Billable Rate Schedule Title Role on Project Hourly Billable Rates $ $ $ $ $ $ $

  • Base Rates Attached to and made a part of this Agreement is Appendix A which sets forth the straight-time hourly rates for all employees covered by this Agreement.