Fixed Contracts Clause Samples
A Fixed Contracts clause establishes that the terms, scope, and price of a contract are set and unchangeable for the duration of the agreement. This means that the parties agree in advance to a specific deliverable or service at a predetermined cost, regardless of any changes in time or resources required to complete the work. Such clauses are commonly used in construction or service agreements where predictability is important. The core function of this clause is to provide certainty and limit financial risk by preventing unexpected cost increases or scope changes during the contract period.
Fixed Contracts. Contracts that are not variable and include, without limitation, fixed rate annuities, fixed rate life insurance and other fixed insurance contracts, issued by GAD, or its Affiliates, as more fully described in Exhibit B, which may be amended by GAD in its sole discretion from time to time.
Fixed Contracts. Contracts that are not variable and include without limitation, fixed rate annuities, fixed rate life insurance and other fixed insurance contracts, issued by MetLife, as more fully described in Schedule B, which may be amended by MetLife in its sole discretion from time to time.
Fixed Contracts. The Vehicle should be made available for collection on or before the last day of the Lease Period. The Customer must contact Cocoon Vehicles Ltd at least five working days prior to the end of the Lease Period to arrange a mutually acceptable collection date. Failure to give five working days’ notice may result in late return fees. Please ensure your Vehicle is available between 08.00 hrs – 17.00 hrs on your confirmed collection date. Failure to do this may result in an abortive collection charge of £250.00 plus VAT (£300.00 (incl VAT)). The vehicle will remain chargeable even if the contract period has been exceeded, a surcharge of 200% is applicable should this go over 3 days unless otherwise agreed in writing. The collection agent will complete a very basic ‘walk-around’ inspection and complete a vehicle condition report (VCR). The VCR is a vehicle movement report and should not be confused with the comprehensive report which is conducted when the Vehicle returns to our location. You will be asked to sign the VCR to confirm you agree with the report and a copy will be provided to you. The collection agent will then remove the Vehicle and drive it back to our location. Once the Vehicle has been returned, it will be made ready for an independent comprehensive inspection. This inspection reports the condition of the Vehicle on return to our premises including miles driven and any damage. This inspection is usually conducted within 72 hours of the Vehicle’s return. A copy of this report will be made available to you with our invoice for any damage caused. Once the report is complete, an invoice for any damage, excess mileage, missed servicing etc. will be raised and emailed to you. The whole process can take upto 28 days. You will then have 72 hours to notify Cocoon Vehicles Ltd of any charges being contested from the date and time that Cocoon Vehicles Ltd sends the invoice. If you do not dispute the invoice within 72 hours of receipt we will consider that you’ve accepted that the damage has occurred and the charges are due and payable. All invoices must be paid within 7 days of the date of the invoice, unless otherwise agreed. Once the vehicle has been collected by our delivery agent, the vehicle cannot be retained and the possibility of any correction work to the vehicle will be zero.
Fixed Contracts. Contracts that are not variable and include, without limitation, fixed rate annuities, fixed rate life insurance and other fixed insurance contracts, issued by MLIDC, or its Affiliates, as more fully described in Exhibit B, which may be amended by MLIDC in its sole discretion from time to time.
Fixed Contracts. 100 basis points (1.00%) of Purchase Payments
Fixed Contracts. Non-variable life insurance policies, fixed indexed and fixed annuity contracts, including any riders to those policies and contracts, issued by a Pacific Life Insurer, which are not registered with the SEC, and are not distributed by Distributor. Offering Memorandum – Principal disclosure document used in connection with a Private Placement. Payee – Refers to either the Broker/Dealer or Agency that is the recipient of the compensation paid by Pacific Life in connection with the sale and servicing of the Contracts, in accordance with the applicable Compensation Schedule. Person – An individual, corporation, partnership, joint venture, association, limited liability company, trust, unincorporated organization, or other entity. Premium – A purchase payment made under a Contract to purchase benefits under such Contract.
Fixed Contracts. Company authorizes Broker, through its Representatives, to solicit applications for the Fixed Contracts listed in Exhibit B, provided that: