Ratable Sample Clauses
The 'Ratable' clause establishes that payments, deliveries, or allocations under a contract will be made in proportion to a specified measure, such as time elapsed, goods delivered, or services rendered. For example, if a service contract is terminated partway through its term, the ratable clause ensures that payment is only due for the portion of services actually provided up to the termination date. This clause's core function is to ensure fairness and proportionality in obligations, preventing overpayment or under-delivery by aligning compensation or performance with actual fulfillment.
Ratable. An individual who is reviewed by the Boards will not receive a TIC/TIS extension for any time on LWOP during the rating period.
Ratable. With respect to each Related Group shall mean the fraction, expressed ------- as a percentage, the numerator of which is the Commitment applicable to all Purchasers in such Related Group and the denominator of which is the aggregate Commitment applicable to all Purchasers in all Related Groups.
Ratable. NY PORTION shall have the meaning given to such term in SECTION 9 of this Financing Agreement.
Ratable. The Buyer agrees to lift or take delivery of product from BP on a ratable basis during each contract month by [***].