Rate Provisions Clause Samples

Rate Provisions. A. As consideration for the services provided by Boys Republic under this Agreement, the County shall pay, for each covered child, the statutory county share of the ▇▇▇▇▇▇ care rate identified as the Rate Classification Level (RCL) 10 standard group home rate in Section 11462(f) of the California Welfare and Institutions Code. This adjusted rate shall be effective only upon approval or extension of the current regulation waiver by the Director of the California Department of Social Services. The adjusted rate payable to Boys Republic under this Agreement shall remain subject to all statutory and regulatory reporting, accounting, inspection, licensing, audit and other applicable group home regulations of the California Department of Social Services, including any modifications or waivers of regulations by the Department that may pertain specifically to this Performance Agreement. B. The adjusted county rate shall apply to each covered child on the following schedule: 1. For children who are already in placement at the Boys Republic Chino-Pomona program on the date this renewal agreement becomes effective, the specified rate shall apply from the effective date of the agreement until the date of termination of the child’s placement in the program or until the effective termination or end date of this Agreement as provided in Paragraph VI, whichever occurs first. 2. For children who are placed in the Boys Republic Chino-Pomona program after the effective date of this agreement, the specified rate shall apply from date of the child’s placement until the date of termination of the child’s placement in the program or until the effective termination date of this Agreement, whichever occurs first. The payment provisions of Paragraph VI. D. shall apply to covered children who are still in placement if this Agreement is terminated by the County.
Rate Provisions 

Related to Rate Provisions

  • Interest Rate Protection No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.