Ratability Sample Clauses

The Ratability clause defines how charges or fees are calculated based on the actual usage or a proportion of a service or product, rather than a fixed amount. In practice, this means that if a service is only partially used during a billing period, the customer is only charged for the portion used, such as prorating a monthly subscription fee if the service starts or ends mid-month. This clause ensures fairness and accuracy in billing, preventing overcharges and aligning costs with actual consumption.
POPULAR SAMPLE Copied 1 times
Ratability. Unless otherwise agreed by the Administrative Agent and all Lenders, the Borrower shall prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section or the addition of new Lenders under this Section.
View Source
Ratability. Assignees' liftings of Diesel will occur in a reasonably ratable fashion throughout the calendar year. The maximum volume of Diesel purchased by YB and Moana in any calendar quarter shall in no case exceed an amount equivalent to 35% of their total actual purchases for the calendar year in question.
View Source
Ratability. Contract quantities under the terms of this contract shall be lifted ratably, on a daily basis, over the course of each month. [***] CONFIDENTIAL TREATMENT REQUESTED 4. NET GALLONS: DIFFERENTIALS ARE BASED ON NET GALLONS, ADJUSTED TO 60 DEGREES FAHRENHEIT.
View Source
Ratability. CONTRACT QUANTITIES UNDER THE TERMS OF THIS CONTRACT SHALL BE LIFTED RATABLY, ON A DAILY BASIS, OVER THE COURSE OF EACH MONTH.
View Source
Ratability. CONTRACT QUANTITIES UNDER THE TERMS OF THIS CONTRACT SHALL BE LIFTED RATABLY, ON A DAILY BASIS, OVER THE COURSE OF EACH MONTH. [***] CONFIDENTIAL TREATMENT REQUESTED 4. NET GALLONS: DIFFERENTIALS ARE BASED ON NET GALLONS, ADJUSTED TO 60 DEGREES FAHRENHEIT.
View Source
Ratability. Buyers' purchases and Chevron's Deliveries of CIFO and Diesel will occur in a reasonably ratable fashion throughout the Year. i. If upon review Buyers' volumes in any calendar quarter were [---] of the total minimum annual liftings for either CIFO or Diesel, [---] ii. If upon review Buyers' volumes in any calendar quarter were [---] of the total maximum annual liftings for either CIFO or Diesel, [---]
View Source
Ratability. Unless otherwise agreed by the Administrative Agent and all Lenders under the Revolving Credit Facility, the Parent shall prepay any Revolving Credit Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Revolving Credit Loans ratable with any revised Applicable Revolving Credit Percentages arising from any nonratable increase in the Revolving Credit Commitments under this Section or the addition of new Revolving Credit Lenders under this Section.
View Source

Related to Ratability

  • Dependability a) Requires constant supervision to perform daily routine correctly b) Occasionally misses necessary task c) Rarely misses necessary task and is reliable d) Outstanding reliability and job is always completed correctly

  • Constructability Review Prepare detailed interdisciplinary constructability review within Fourteen (14) days of receipt of the plans from the District that: 10.1.2.1.6.1 Ensures construction documents are well coordinated and reviewed for errors; 10.1.2.1.6.2 Identifies to the extent known, construction deficiencies and areas of concern; 10.1.2.1.6.3 Back-checks design drawings for inclusion of modifications; and 10.1.2.1.6.4 Provides the District with written confirmation that: 10.1.2.1.6.4.1 Requirements noted in the design documents prepared for the Project are consistent with and conform to the District's Project requirements and design standards. 10.1.2.1.6.4.2 Various components have been coordinated and are consistent with each other so as to minimize conflicts within or between components of the design documents.

  • Geometric visibility The visibility of the illuminating surface, including its visibility in areas which do not appear to be illuminated in the direction of observation considered, shall be ensured within a divergent space defined by generating lines based on the perimeter of the illuminating surface and forming an angle of not less than 5° with the axis of reference of the headlamp.

  • Reliability Reliability targets (Mean Time Between Failures (MTBF)) are defined in the technical specifications as set out in the Contract. Notwithstanding any possible application of penalties relating to reliability defined in the Contract, Goods shall remain covered by the warranty defined in this Article 16 as long as the reliability commitments have not been reached.

  • Portability (a) Employees are able to maintain their participation in the scheme should they transfer their employment between Catholic schools or to the Catholic Education Office. (b) The employee is obliged to notify the principal prior to appointment of their participation in the Deferred Salary Scheme and the date that leave is due to be taken. (c) Participation in the Deferred Salary Scheme shall not impede an application for employment in a Catholic school.