{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "currency-of", "type": "definition", "offset": [97, 108]}, {"key": "the-rate-contract", "type": "definition", "offset": [109, 126]}, {"key": "based-on", "type": "definition", "offset": [195, 203]}, {"key": "from-time-to-time", "type": "clause", "offset": [229, 246]}], "snippet": "This is a Rate Contract whereby the prices are fixed, but the quantity to be supplied during the currency of the Rate Contract is not fixed and will be envisaged by the Direct Demanding Officers based on their actual requirement from time to time as per approval and duly concurred Materials Budgets Fund.", "size": 8, "samples": [{"hash": "hZlUtjabxbg", "uri": "/contracts/hZlUtjabxbg#rate-contract", "label": "Rate Contract", "score": 21.0191650391, "published": true}, {"hash": "82KmLRJ8grX", "uri": "/contracts/82KmLRJ8grX#rate-contract", "label": "Rate Contract", "score": 20.9726219177, "published": true}, {"hash": "fUG3hyuyM57", "uri": "/contracts/fUG3hyuyM57#rate-contract", "label": "Rate Contract", "score": 19.8145103455, "published": true}], "hash": "dd2b3c105c97faa050f2e13212f309aa", "id": 2}, {"snippet_links": [{"key": "maximum-obligation", "type": "clause", "offset": [4, 22]}, {"key": "details-of", "type": "clause", "offset": [31, 41]}, {"key": "terms-and", "type": "clause", "offset": [88, 97]}], "snippet": "(No Maximum Obligation) Attach details of all rates, units, calculations, conditions or terms and any changes if rates or terms are being amended.)", "size": 49, "samples": [{"hash": "aw0S7T8SNZD", "uri": "/contracts/aw0S7T8SNZD#rate-contract", "label": "Standard Contract", "score": 35.8280944824, "published": true}, {"hash": "g8cYb0GeNa2", "uri": "/contracts/g8cYb0GeNa2#rate-contract", "label": "Standard Contract", "score": 35.6367111206, "published": true}, {"hash": "9NkXcyWMx9K", "uri": "/contracts/9NkXcyWMx9K#rate-contract", "label": "Standard Contract", "score": 34.5523605347, "published": true}], "hash": "d4f064316490780148d7314b48846d35", "id": 1}, {"snippet_links": [{"key": "currency-of", "type": "definition", "offset": [96, 107]}, {"key": "when-required", "type": "clause", "offset": [162, 175]}, {"key": "the-subject", "type": "clause", "offset": [221, 232]}, {"key": "period-of", "type": "clause", "offset": [267, 276]}, {"key": "two-years", "type": "clause", "offset": [294, 303]}, {"key": "date-of-issue", "type": "definition", "offset": [313, 326]}, {"key": "office-of-the", "type": "clause", "offset": [651, 664]}, {"key": "necessary-action", "type": "clause", "offset": [684, 700]}], "snippet": "This is a Rate Contract wherein the prices are fixed but the quantity to be supplied during the currency of this Rate Contract is not fixed and will be on as and when required basis. However, total estimated Off-take for the subject Rate Contract during the validity period of the RC (i.e. for Two Years from the date of issue of RC) will be 62,30,511.25 (Rupees Sixty Two Lakhs Thirty Thousands Five Hundred Eleven & Paise Twenty Five) only (Total Off-take Value for all DDO\u2019s together). As soon as this limit of 62,30,511.25 (Rupees Sixty Two Lakhs Thirty Thousands Five Hundred Eleven & Paise Twenty Five) only is reached, you must intimate to the office of the GM(MM) for further necessary action and you should not accept any further order from any DDO\u2019s without specific clearance from the office of the GM(MM).", "size": 6, "samples": [{"hash": "hGBTGB58TVj", "uri": "/contracts/hGBTGB58TVj#rate-contract", "label": "Rate Contract", "score": 21.5927448273, "published": true}], "hash": "69605e4b938b06e1e077cf3b8d969df9", "id": 3}, {"snippet_links": [{"key": "the-price", "type": "clause", "offset": [32, 41]}, {"key": "currency-of", "type": "definition", "offset": [94, 105]}, {"key": "when-required", "type": "clause", "offset": [160, 173]}, {"key": "the-subject", "type": "clause", "offset": [219, 230]}, {"key": "period-of", "type": "clause", "offset": [265, 274]}, {"key": "two-years", "type": "clause", "offset": [292, 301]}, {"key": "date-of-issue", "type": "definition", "offset": [311, 324]}, {"key": "office-of-the", "type": "clause", "offset": [570, 583]}, {"key": "necessary-action", "type": "clause", "offset": [603, 619]}], "snippet": "This is a Rate Contract wherein the price is fixed but the quantity to be supplied during the currency of this Rate Contract is not fixed and will be on as and when required basis. However, total estimated Off-take for the subject Rate Contract during the validity period of the RC (i.e. for Two Years from the date of issue of RC) will be Rs.1,03,75,248.00 (Rupees one crore three lakhs seventy five thousands tow hundred forty eight) only (Total Off-take Value for all DDO\u2019s together). As soon as this limit of Rs.1, 03, 75,248.00 is reached, you must intimate to the office of the GM(MM) for further necessary action and you should not accept any further order from any DDO\u2019s without specific clearance from the office of the GM(MM).", "size": 2, "samples": [{"hash": "82KmLRJ8grX", "uri": "/contracts/82KmLRJ8grX#rate-contract", "label": "Rate Contract", "score": 20.9726219177, "published": true}], "hash": "1d02ebfd29680fda5d368b4cca0455de", "id": 5}, {"snippet_links": [{"key": "currency-of", "type": "definition", "offset": [96, 107]}, {"key": "when-required", "type": "clause", "offset": [162, 175]}], "snippet": "This is a Rate Contract whereby the prices are fixed but the quantity to be supplied during the currency of this Rate Contract is not fixed and will be on as and when required basis.", "size": 2, "samples": [{"hash": "gh6cynLvnvd", "uri": "/contracts/gh6cynLvnvd#rate-contract", "label": "Rate Contract", "score": 20.9726219177, "published": true}, {"hash": "hwVGDEgoHvp", "uri": "/contracts/hwVGDEgoHvp#rate-contract", "label": "Rate Contract", "score": 19.9253940582, "published": true}], "hash": "8d889d8cf424da5ac85221327164ad00", "id": 4}, {"snippet_links": [{"key": "currency-of", "type": "definition", "offset": [96, 107]}, {"key": "when-required", "type": "clause", "offset": [162, 175]}, {"key": "the-subject", "type": "clause", "offset": [222, 233]}, {"key": "period-of", "type": "clause", "offset": [268, 277]}, {"key": "two-years", "type": "clause", "offset": [294, 303]}, {"key": "date-of-issue", "type": "definition", "offset": [313, 326]}, {"key": "the-office", "type": "clause", "offset": [483, 493]}, {"key": "necessary-action", "type": "clause", "offset": [517, 533]}, {"key": "office-of-the", "type": "clause", "offset": [629, 642]}], "snippet": "This is a Rate Contract wherein the prices are fixed but the quantity to be supplied during the currency of this Rate Contract is not fixed and will be on as and when required basis. However, total estimataed Off-take for the subject Rate Contract during the validity period of the RC (i.e for two Years from the date of issue of RC) will be Rs. 1,66,642.79 only (Total Off-take value for all DDO\u2019s together) As soon as this limit of Rs. 1,66,642.79 is reached, you must intimate to the office of GM (MM) for further necessary action and you should not accept any further order from any DDO;s without specific clearance from the office of the GM (MM).", "size": 1, "samples": [{"hash": "26lVKzsN5Hz", "uri": "/contracts/26lVKzsN5Hz#rate-contract", "label": "Rate Contract", "score": 20.5605754852, "published": true}], "hash": "60aec6bea7541d2cd83c5b86680bf96e", "id": 8}, {"snippet_links": [{"key": "rate-contracts", "type": "clause", "offset": [10, 24]}, {"key": "entered-into", "type": "clause", "offset": [25, 37]}, {"key": "by-the-company", "type": "clause", "offset": [38, 52]}, {"key": "with-respect-to", "type": "clause", "offset": [53, 68]}, {"key": "variable-rate-indebtedness", "type": "definition", "offset": [69, 95]}], "snippet": "Unsecured Rate Contracts entered into by the Company with respect to variable rate Indebtedness permitted hereunder; and", "size": 1, "samples": [{"hash": "bDwnUARB1lD", "uri": "/contracts/bDwnUARB1lD#rate-contract", "label": "Credit Agreement (Apartment Investment & Management Co)", "score": 18.0, "published": true}], "hash": "5fde448236317363cc99bb2d0afc5787", "id": 6}, {"snippet_links": [{"key": "currency-of", "type": "definition", "offset": [96, 107]}, {"key": "when-required", "type": "clause", "offset": [162, 175]}, {"key": "the-subject", "type": "clause", "offset": [221, 232]}, {"key": "period-of", "type": "clause", "offset": [267, 276]}, {"key": "one-year", "type": "definition", "offset": [294, 302]}, {"key": "date-of-issue", "type": "definition", "offset": [312, 325]}, {"key": "the-ddo", "type": "definition", "offset": [475, 482]}, {"key": "all-inclusive", "type": "clause", "offset": [610, 623]}, {"key": "the-office", "type": "clause", "offset": [658, 668]}, {"key": "necessary-action", "type": "clause", "offset": [695, 711]}], "snippet": "This is a Rate Contract wherein the prices are fixed but the quantity to be supplied during the currency of this Rate Contract is not fixed and will be on as and when required basis. However, total estimated Off-take for the subject Rate Contract during the validity period of the RC (i.e. for One Year from the date of issue of RC) will beRs.24,87,555/-(Rupees Twenty Four Lakhs Eighty Seven Thousands Five Hundred Fifty Five)onlyall inclusive (Total Off-take Value for all the DDO\u2019s together). As soon as this limit of Rs.24,87,555/-(Rupees Twenty Four Lakhs Eighty Seven Thousands Five Hundred Fifty Five), all inclusive, is reached, you must intimate to the office of theGM (MM) for further necessary action and you should not accept any further order from any DDO\u2019s without specific clearance from the office of theGM (MM).", "size": 1, "samples": [{"hash": "81uEKZ1omkV", "uri": "/contracts/81uEKZ1omkV#rate-contract", "label": "Rate Contract", "score": 24.0020542145, "published": true}], "hash": "3dc54ee32fb6b2e8bcde6f8006b13f36", "id": 7}, {"snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "entered-into", "type": "clause", "offset": [20, 32]}, {"key": "minimum-amount", "type": "definition", "offset": [85, 99]}, {"key": "the-period", "type": "clause", "offset": [153, 163]}, {"key": "following-the-closing-date", "type": "clause", "offset": [192, 218]}, {"key": "by-agent", "type": "clause", "offset": [268, 276]}, {"key": "in-connection-with", "type": "clause", "offset": [277, 295]}], "snippet": "Borrower shall have entered into a Rate Contract on terms satisfactory to Agent in a minimum amount of $100,000,000 for a minimum of five (5) years from the period commencing thirty (30) days following the Closing Date, together with any additional documents required by Agent in connection with such Rate Contract.", "size": 1, "samples": [{"hash": "ilhWzQBarFr", "uri": "/contracts/ilhWzQBarFr#rate-contract", "label": "Credit Agreement (Universal Logistics Holdings, Inc.)", "score": 33.3312797546, "published": true}], "hash": "fb74bef7bd7918c1fa1c628d83c8700a", "id": 9}, {"snippet_links": [{"key": "currency-of", "type": "definition", "offset": [96, 107]}, {"key": "when-required", "type": "clause", "offset": [162, 175]}, {"key": "the-subject", "type": "clause", "offset": [221, 232]}, {"key": "period-of", "type": "clause", "offset": [267, 276]}, {"key": "one-year", "type": "definition", "offset": [294, 302]}, {"key": "date-of-issue", "type": "definition", "offset": [312, 325]}, {"key": "the-ddo", "type": "definition", "offset": [462, 469]}, {"key": "the-office", "type": "clause", "offset": [654, 664]}, {"key": "necessary-action", "type": "clause", "offset": [691, 707]}], "snippet": "This is a Rate Contract wherein the prices are fixed but the quantity to be supplied during the currency of this Rate Contract is not fixed and will be on as and when required basis. However, total estimated Off-take for the subject Rate Contract during the validity period of the RC (i.e. for One Year from the date of issue of RC) will beRs.30,88,000.00(Rupees Thirty Lakhs Eighty Eight Thousands) only exclusive of applicable GST(Total Off-take Value for all the DDO\u2019s together). As soon as this limit of Rs.30,88,000.00 (Rupees Thirty Six Lakhs Forty Three Thousands Eight Hundred Forty), exclusive of applicable GST,is reached, you must intimate to the office of theGM (MM) for further necessary action and you should not accept any further order from any DDO\u2019swithout specific clearance from the office of theGM (MM).", "size": 1, "samples": [{"hash": "6JXRvy0Eprv", "uri": "/contracts/6JXRvy0Eprv#rate-contract", "label": "Rate Contract", "score": 23.3394927979, "published": true}], "hash": "d083795459d3722d3f95692c059c3753", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZyYXRlLWNvbnRyYWN0IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Rate Contract", "parents": [["jurisdiction", "JURISDICTION"], ["contracts-by-minor", "Contracts by Minor"], ["inspection", "INSPECTION"], ["conditions-precedent", "CONDITIONS PRECEDENT"], ["negative-covenants", "NEGATIVE COVENANTS"]], "children": [], "size": 65, "id": "rate-contract", "related": [["hedging-agreement", "Hedging Agreement", "Hedging Agreement"], ["swap-agreement", "Swap Agreement", "Swap Agreement"], ["interest-rate-agreements", "Interest Rate Agreements", "Interest Rate Agreements"], ["interest-rate-hedging", "Interest Rate Hedging", "Interest Rate Hedging"], ["hedging-agreements", "Hedging Agreements", "Hedging Agreements"]], "related_snippets": [], "updated": "2025-07-24T04:27:51+00:00", "also_ask": ["What negotiation levers can be used to adjust rate escalation or adjustment mechanisms?", "Which essential terms must be included to ensure the rate contract is enforceable and unambiguous?", "What are the most common legal pitfalls or ambiguities in rate contract drafting?", "How do rate contract enforceability standards differ across key jurisdictions?", "What evidence is most persuasive in court to prove breach or compliance with a rate contract?"], "drafting_tip": "Specify pricing mechanisms and adjustment terms to ensure transparency; define contract duration and renewal conditions to prevent disputes; clarify termination rights to manage risk exposure.", "explanation": "A Rate Contract clause establishes predetermined prices or rates for specific goods or services over a defined period. This clause typically applies to ongoing supply arrangements, where a buyer and seller agree that all purchases within the contract term will be made at the agreed rates, regardless of market fluctuations. By locking in prices, the clause provides cost predictability and stability for both parties, reducing the risk of price disputes and simplifying procurement processes."}, "json": true, "cursor": ""}}