Validity and Uniformity of Rates Sample Clauses

The 'Validity and Uniformity of Rates' clause establishes that the rates specified in an agreement are consistent, applicable, and enforceable throughout the contract period. In practice, this means that the rates charged for goods or services must remain the same for all parties and transactions covered by the contract, preventing arbitrary changes or discrepancies. This clause ensures fairness and predictability in pricing, protecting both parties from unexpected rate fluctuations and promoting transparency in contractual dealings.
Validity and Uniformity of Rates. The rates shall be valid for a period of two years of the Contract Period and shall remain unaltered during the first year of the Contract Period and 5 % escalation will be considered for second year
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Validity and Uniformity of Rates. The rates shall be firm and valid for the period of two years of the Contract Period, including any agreed extensions thereof and shall remain unaltered during Contract Period, including any agreed extensions thereof. However Diesel price variation will be applicable as mentioned in the clause no 2 of Section D.
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Validity and Uniformity of Rates. The increase or decrease in basic rate or special Allowance as per the Minimum Wages Act, notified by the Government will be reimbursed on actual quarterly basis including statutory liabilities, subject to successful compliance for all obligations under this contract. Rates quoted should be firm and final except for statutory variation in MWR - will be separately reimbursed / compensated.
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Related to Validity and Uniformity of Rates

  • Validity and Construction The validity and construction of this Agreement shall be governed by the laws of the State of Utah.

  • Validity and Severability The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.

  • Authorization; Validity and Effect of Agreement The Company has the requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the Merger. The execution and delivery of this Agreement by the Company and the performance by the Company of its obligations hereunder and the consummation of the Merger have been duly authorized by its board of directors and shareholders and all other necessary company action on the part of the Company and no other company proceedings on the part of the Company are necessary to authorize this Agreement and the Merger. This Agreement has been duly and validly executed and delivered by the Company and, assuming that it has been duly authorized, executed and delivered by the other parties hereto, constitutes a legal, valid and binding obligation of the Company, enforceable against it in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing.

  • Validity and Binding Effect This Agreement has been duly and validly executed and delivered by each Loan Party, and each other Loan Document which any Loan Party is required to execute and deliver on or after the date hereof will have been duly executed and delivered by such Loan Party on the required date of delivery of such Loan Document. This Agreement and each other Loan Document constitutes, or will constitute, legal, valid and binding obligations of each Loan Party which is or will be a party thereto on and after its date of delivery thereof, enforceable against such Loan Party in accordance with its terms, except to the extent that enforceability of any of such Loan Document may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforceability of creditors’ rights generally or limiting the right of specific performance.

  • Validity and Binding Nature Each of this Agreement and each other Loan Document to which any Loan Party is a party is the legal, valid and binding obligation of such Person, enforceable against such Person in accordance with its terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.