Current Rate Clause Samples
The 'Current Rate' clause defines the specific interest rate or pricing benchmark that will apply to a financial obligation or transaction at a given time. Typically, this clause outlines how the applicable rate is determined, such as referencing a published index or a lender's standard rate, and may specify how often the rate is updated or reviewed. By clearly establishing the rate in effect, this clause ensures transparency and predictability for both parties, reducing the risk of disputes over payment amounts or interest calculations.
Current Rate. At the time of the execution of this Agreement, the current rate GVEC is paying for excess energy produced by an Installation is $0.064kWh. This rate is subject to change in accordance with Section 9 above.
Current Rate. The Association will certify to the District, in writing, the current rate of annual unified membership dues and Rep Fee amounts.
Current Rate. The Association will certify to the Board, in writing, the current rate of annual membership dues.
Current Rate. The Monthly Rent shall be due beginning on the Commencement Date, and on the first day of every month thereafter, at the rates set forth on Exhibit “B”, attached hereto. Monthly Rent due for any partial month shall be calculated on the basis of a thirty (30) day calendar month. The Monthly Rent that is due in any particular month during the Term shall be referred to as the “Current Rate”.