HIGHER AMOUNTS Sample Clauses

The "HIGHER AMOUNTS" clause establishes that, in situations where multiple monetary limits or thresholds are referenced within an agreement, the greater of those amounts will apply. For example, if a contract specifies different liability caps in various sections, this clause ensures that the party entitled to the higher cap receives the benefit of the larger amount. Its core practical function is to provide clarity and prevent disputes by ensuring that the most favorable monetary limit is used, thereby protecting the interests of the party for whom the higher amount is intended.
HIGHER AMOUNTS. This Agreement does not have effect to reduce any higher amount paid to an employee of this Company employed directly before its commencement date. However, that higher amount will not be increased during the life of this Agreement until the equivalent Agreement condition exceeds that amount. From that time, the provision of this Agreement will apply to the exclusion of the earlier higher amount.
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HIGHER AMOUNTS. This Agreement does not have effect to reduce the rate of pay for an employee below that which was received prior to this agreement.
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HIGHER AMOUNTS. This Agreement does not have effect to reduce any higher amount paid to an employee before its commencement date. However, that higher amount may not be increased during the life of this Agreement until the equivalent Agreement condition exceeds that amount. From that time, the provision of this Agreement will apply to the exclusion of that higher amount. Electrical Worker Grade 10 $1,147.22 $31.87 $1,216.05 $33.78 Electrical Worker Grade 9 $1,054.13 $29.28 $1,117.38 $31.04 Electrical Worker Grade 8 $1,023.00 $28.42 $1,084.39 $30.12 Electrical Worker Grade 7 $960.91 $26.69 $1,018.56 $28.29 Electrical Worker Grade 6 $927.40 $25.76 $983.04 $27.31 ▇▇▇▇▇▇▇ Rate Grade 2 $1,024.81 $28.47 $1,086.30 $30.18 ▇▇▇▇▇▇▇ Rate Grade 1 $1,014.10 $28.17 $1,074.95 $29.86 Electrical Worker Grade 5 LH $971.25 $26.98 $1,029.53 $28.60 Electrical Worker Grade 5 $896.27 $24.90 $950.05 $26.39 Other e.g. Electrical Fitter $852.36 $23.68 $903.50 $25.10 Electrical Worker Grade 4 $807.04 $22.42 $855.47 $23.76 Electrical Worker Grade 3 $773.09 $21.47 $819.47 $22.76 Electrical Worker Grade 2 $741.96 $20.61 $786.48 $21.85 Electrical Worker Grade 1 $710.98 $19.75 $753.64 $20.93 First Year (40%) $339.40 $9.43 $361.40 $10.04 Second Year (55%) $466.67 $12.96 $496.93 $13.80 Third Year (75%) $636.37 $17.68 $677.63 $18.82 Fourth Year (90%) $763.64 $21.21 $813.15 $22.59 These rates include Tradesperson, mobility, construction, Leading hand and Forepersons allowances where applicable. Additional knowledge may be acquired through a minimum of 2 years on-the-job experience as a serviceperson, working on the employer’s installations and equipment.
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Related to HIGHER AMOUNTS

  • Other Amounts Any other amounts payable hereunder that are not paid when due shall (to the fullest extent permitted by law) bear interest, from the date when due until paid in full, at a rate per annum equal at all times to 2.0% per annum above the Applicable Rate in effect from time to time for Base Rate Advances, payable on demand.

  • Default Interest; Other Amounts Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by law and subject to Section 6(c), be required to pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed. If, prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation required to be settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement.

  • Past Due Payments The RECIPIENT shall be in default of its obligations under this loan agreement when any loan repayment becomes 60 days past due.

  • Past Due Amounts If Tenant fails to pay when due any amount required to be paid by Tenant under this Agreement, such unpaid amount shall bear interest at the rate of twelve percent (12%) per annum from the due date of such amount to the date of payment in full, with interest. In addition, City may also charge a sum of five percent (5%) of such unpaid amount as a service fee, which the parties agree is a reasonable estimate of and liquidated damages for City’s additional costs for billing and collection arising from Tenant's failure to make payment in a timely manner. All amounts due under this Agreement are and shall be deemed to be rent or additional rent, and shall be paid without abatement, deduction, offset, prior notice, or demand (unless expressly provided by the terms of this Agreement). City’s acceptance of any past due amount (or its associated interest or service fee) shall not constitute a waiver of any default under this Agreement.

  • Payment Amounts The aggregate Payments to be made in a fiscal year shall not exceed an amount equal to the corresponding Appropriated Amount (for example, for the Payments due on December 1, 2026 and on June 1, 2027, the aggregate maximum amount of such Payments would be determined by the Appropriated Amount determined for certification by December 1, 2025). Furthermore, the amount of each such Payment shall not exceed the Annual Percentage of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” payments from the State of Iowa for property tax credits or roll-back) actually received by the City from the Marshall County Treasurer attributable to the taxable incremental valuation of the Property in the six (6) months immediately preceding such Payment due date.