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.
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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.
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.
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.
Ratability. CONTRACT QUANTITIES UNDER THE TERMS OF THIS CONTRACT SHALL BE LIFTED RATABLY, ON A DAILY BASIS, OVER THE COURSE OF EACH MONTH.
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.
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, [---]
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.