SPECIFIED RATE Sample Clauses
The Specified Rate clause defines the particular interest rate or percentage to be applied in certain financial calculations under the agreement. Typically, this rate is used to determine interest on overdue payments, calculate default interest, or apply to other monetary obligations specified in the contract. By clearly stating the applicable rate, the clause ensures both parties understand the financial consequences of late payments or other relevant events, thereby reducing ambiguity and potential disputes over interest calculations.
SPECIFIED RATE. Definition Components
SPECIFIED RATE. A reference to the Specified Rate in the Securities is agreed to be a reference to the Specified Rate as defined in clause 1.1.
SPECIFIED RATE. At the rate of ___________%. [Insert percentage not under 3%.]
SPECIFIED RATE. _X_ A specified rate is an overall hourly rate that includes almost all cost elements. A different specified rate may be associated with each type of labor. The specified rate includes labor rates, overhead, and fee. Therefore, no additional payment will be made for labor rates, overhead, or fee.
SPECIFIED RATE. Every installment of rent and every other -------------- payment due hereunder from Sublessee to Sublessor which shall not be paid when due shall bear interest at the interest rate specified in Section 3.2(a) of the Lease (the "SPECIFIED RATE"), from the date that the same became due and payable until paid, whether or not demand be made therefor.
SPECIFIED RATE. Definition