LIMIT ON RATE BILLED Sample Clauses

The "Limit on Rate Billed" clause sets a maximum allowable rate that a service provider can charge for their services under the agreement. In practice, this means that even if the provider's standard rates increase or vary, they cannot bill the client at a rate higher than the specified cap. This clause is commonly used in consulting, legal, or professional services contracts to control costs and provide budget certainty for the client, effectively preventing unexpected or excessive charges.
LIMIT ON RATE BILLED. (a) The PHP agrees to limit charges for services to beneficiaries to the rate set forth in this agreement. (b) The PHP agrees to charge only for services to beneficiaries that qualify within the limits of law, regulation, and this agreement.
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LIMIT ON RATE BILLED. (a) The RTC agrees to limit charges for services to TRICARE beneficiaries to the rate set forth in this agreement. (b) The RTC agrees to charge only for services to TRICARE beneficiaries that qualify within the limits of law, regulation, and this agreement.
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LIMIT ON RATE BILLED. (a) The OTP agrees to limit charges for services to beneficiaries to the rate set forth in this agreement. (b) The OTP agrees to charge only for services to beneficiaries that qualify within the limits of law, regulation, and this agreement.
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LIMIT ON RATE BILLED. (a) The IOP agrees to limit charges for services to beneficiaries to the rate set forth in this agreement. (b) The IOP agrees to charge only for services to beneficiaries that qualify within the limits of law, regulation, and this agreement.
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Related to LIMIT ON RATE BILLED

  • Limit on Rate of Interest (a) No Payment shall exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

  • Interest on Term Loans The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the ▇▇▇▇ to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on Deposit Liabilities The Assuming Institution agrees that, from and after Bank Closing, it will accrue and pay interest on Deposit liabilities assumed pursuant to Section 2.1 at a rate(s) it shall determine; provided, that for non-transaction Deposit liabilities such rate(s) shall not be less than the lowest rate offered by the Assuming Institution to its depositors for non-transaction deposit accounts. The Assuming Institution shall permit each depositor to withdraw, without penalty for early withdrawal, all or any portion of such depositor's Deposit, whether or not the Assuming Institution elects to pay interest in accordance with any deposit agreement formerly existing between the Failed Bank and such depositor; and further provided, that if such Deposit has been pledged to secure an obligation of the depositor or other party, any withdrawal thereof shall be subject to the terms of the agreement governing such pledge. The Assuming Institution shall give notice to such depositors as provided in Section 5.3 of the rate(s) of interest which it has determined to pay and of such withdrawal rights.