RATE REDUCTION Sample Clauses
The Rate Reduction clause establishes the conditions under which the rates charged under an agreement may be decreased. Typically, this clause outlines specific triggers for a rate reduction, such as changes in market conditions, regulatory requirements, or the achievement of certain performance benchmarks. By clearly defining when and how rates can be lowered, the clause helps ensure fairness and adaptability in the contractual relationship, protecting parties from overpaying if circumstances change.
RATE REDUCTION. Electric service to Applicant’s premises shall be delivered under Applicant’s otherwise applicable tariff (OAT). Subject to the Applicant’s qualifications and availability under the program limits as set forth in Schedule EDR. Schedule EDR provides an electric ▇▇▇▇ discount of twelve
RATE REDUCTION. Reductions in the rate of delivery will be accepted by Seller at no additional charge within the following limitations:
a. Buyer shall declare within the context of any production Purchase Order, as well as subsequent follow-on Orders, a "base schedule" of delivery requirements.
b. The "base schedule" shall be for a period of twelve (12) months and shall identify the rate of delivery for each month. The initial four (4) months of deliveries in the "base schedule" represents Buyer's obligation/liability, whereas the last eight (8) months of deliveries in the "base schedule" are anticipated quantities based on market projections and thus are for planning purposes only.
c. Buyer reserves the right to issue revisions as appropriate and without obligation for any element of the "base schedule" beyond four (4) months from delivery.
d. The base schedule quantity shall become Buyer's obligation/liability as each monthly increment moves from five (5) months from delivery to four (4) months from delivery. Thereafter, Buyer shall retain its right to reschedule at no charge, quantities within the second (2nd) through the fourth (4th) month, providing the reschedule does not reduce the monthly quantity to less than one (1) for delivery in any month between the second (2nd) and fourth (4th) full calendar months from the date of notice. The quantity by which each month is reduced must be rescheduled for delivery.
e. Any quantities scheduled for delivery within the first (1st) full calendar month from date of notice shall not be changed.
f. Termination liability shall not apply to that element of the schedule that is beyond four (4) months from the date of termination notice, unless any element of later periods contains quantities which have been rescheduled as provided above.
g. Seller will accommodate increases in the rate of delivery at no additional charge to Buyer to the degree that such increases can be achieved without incurring additional cost such as special expedite or overtime premiums. See LAI Indented ▇▇▇▇ of Material (BOM) for all tools, engineering drawings, specifications, and special instructions or documents related to configuration control. All items on the LAI BOM must be used at the revision shown to build this part. Contact LAI if a copy of the BOM or any item listed on it is needed.
RATE REDUCTION. Carrier must check in to shipper and consignee location at times indicated on rate confirmation. Failure to do so can result in a $150.00 fine against the Carrier 's settlement for each infraction. BROKER is available 24 hours a day, 7 days a week. Failure to call immediately regarding any problems (e.g. breakdown, inclement weather, DOT shut down, etc.) can result in a $200.00 fine to the Carrier. Carrier must fax, or e-mail signed rate confirmation to Broker prior to shipment pick up. Failure to comply will result in revocation of load without payment.
RATE REDUCTION. Commencing on the later of (x) May 1, 2007 and (y) the date on which the conditions set forth in Section 4 below are either satisfied or waived (the “Effective Date”), the aggregate Per Block Hour reimbursement rate for each Aircraft shall be reduced by [***](after giving effect to escalation pursuant to Article 3G for calendar year 2007) for the remaining term of the Agreement. The parties agree that, upon and following satisfaction of the conditions provided by Section 4, as of the Effective Date, the Per Block Hour reimbursement rate for each Aircraft for the remainder of calendar year 2007 shall be [***]. For the avoidance of doubt, such reduction in the Per Block Hour reimbursement rate shall not be effective with respect to the utilization of the Aircraft prior to the Effective Date.
RATE REDUCTION. If, before the In Service Date, Carrier enters into an agreement that provides another shipper with a lower rate than the rate herein provided for a similar service, with similar shipper commitments, then Carrier agrees to decrease Shipper’s Committed Rate to be equal to the rate provided to such shipper.
RATE REDUCTION. Electric service to Applicant’s premises shall be delivered under Applicant’s otherwise applicable tariff (OAT), which is . Subject to the customer’s qualifications and availability under the program limits as set forth in Schedule EDR, Economic Development Rate, the applicable rate option will be one of the following (Please mark the appropriate space below):
a. The Standard EDR Option provides a rate reduction of twelve (12) percent off the customer’s bundled net OAT charges (excluding taxes) for five years.
b. The Mid-Enhanced EDR Option provides a rate reduction of eighteen
RATE REDUCTION. Should you wish to "buy down" your interest rate with additional points, those points may add up to thousands of dollars in additional closing costs. Equity First Realty will give you cash back rebate credit on the settlement statement to use towards closings and any additional points.
RATE REDUCTION. As of December ▇▇▇, ▇▇▇▇, ▇▇▇▇ hourly rates under the ITDS Contract will be changed to $[**]hour, [**] .
RATE REDUCTION. (i) Section 1.1 of the Credit Agreement is hereby amended as follows:
(1) the definition of "APPLICABLE MARGIN" is hereby amended by deleting the grid set forth in the definition in its entirety and replacing such grid with the following: Leverage Ratio Eurodollar Loans Base Rate Loans Commitment Fee -------------- ---------------- --------------- -------------- less than or equal to 2.75 to 1.0 2.00% 0.75% 0.50% greater than 2.75 2.25% 1.00% 0.50%
(2) the following definition shall be added in alphabetical order: