Constant Rate Clause Samples
The Constant Rate clause establishes that a specific rate, such as an interest rate or service fee, will remain unchanged for a defined period or throughout the duration of an agreement. In practice, this means that the parties agree to fix the rate regardless of external factors like market fluctuations or changes in benchmark rates. This clause provides predictability and stability for both parties, as it eliminates uncertainty about future rate changes and helps with budgeting and financial planning.
Constant Rate. At all times during the Term, the Pipeline User must ensure that the rate at which Gas is delivered through each User Receipt Point by or for the account of the Pipeline User is as constant as possible and that the rate at which Gas is taken through each User Delivery Point to or for the account of the Pipeline User is as constant as is possible.
Constant Rate. Seller recognizes that due to operating conditions, varying market demands and the difficulty of apportioning receipts of Gas from various properties, Buyer may not be able to take Gas from Seller during any definite period at exactly constant rates. Buyer shall, however, use all reasonable efforts to maintain as nearly a constant rate of takes as practicable.