Prevailing Rate. The Union and the District agree that the wages and salaries negotiated in good faith and listed in this Agreement are at least equal to the prevailing salary or wage for the same quality of service rendered to private employers under similar employment.
Prevailing Rate. Interest at the Prevailing Rate of such percentage per annum stated in the Letter of Offer above BLR shall be levied on the daily debit balance of the account and posted to the account on the last day of each calendar month. The interest shall be paid monthly. Unless paid, the interest shall be treated as a Drawing under the CF.
Prevailing Rate. The Borrower shall pay interest on the Drawing at the Prevailing Rate of the percentage per annum stated in the Letter of Offer above BLR. Unless any other interest payment period is specified by the Bank, the Borrower shall pay the interest chargeable monthly.
Prevailing Rate. The Customer shall pay to the Bank profit at the rate of BFR plus such percentage per annum stated in the Letter of Offer for bills denominated in RM, and for bills denominated in other currencies the Customer shall be charged the rate prevailing for the respective currency (as advised by the Bank). It is however agreed that such prevailing rate shall be subject to revision at the absolute discretion of the Bank from time to time, with or without notice to the Customer.
Prevailing Rate. The initial Prevailing Rate shall be equal to $5.50 per barrel of NOW delivered to Xxxxxxxx Xxxxx and disposed of at a Landfarm, net of all currently applicable taxes. The Prevailing Rate may be adjusted in accordance with Section 3.2, provided that the Prevailing Rate shall never be less than $5.50 per barrel.