Through Rate Clause Examples

A Through Rate clause defines a single, continuous rate for transportation services that span multiple carriers or segments, rather than separate rates for each leg of the journey. In practice, this means that a shipper pays one combined fee for the entire route, even if the cargo is handled by different carriers or passes through various modes of transport. The core function of this clause is to simplify billing and logistics for complex shipments, ensuring cost predictability and administrative efficiency for both shippers and carriers.
Through Rate. As to any Pool of Mortgage Loans and any Distribution Date, the per annum rate of interest that is used to calculate the Certificate Interest Distribution Amount for the applicable one-month period, which per annum rate is either (a) as to a Pool of Fixed- Rate Mortgage Loans, the rate specified as such in the Issue Supplement, or (b) as to a Pool of Adjustable-Rate Mortgage Loans, the rate equal to the weighted average of the Net Rates applicable to payments due during the related Due Period for all of the Mortgage Loans in the Pool, weighted on the basis of their respective Stated Principal Balances as of that Distribution Date before giving effect to any distribution of principal on that Distribution Date. Unless otherwise provided in the related Issue Supplement, the Pass-Through Rate will be calculated on the basis of a 360-day year consisting of twelve 30-day months.
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Through Rate. As to any Pool of Mortgage Loans and a Distribution Date, the per annum rate of interest that is used to calculate the Certificate Interest Distribution Amount for the applicable one-month period, which per annum rate is either (a) as to a Pool of Fixed-Rate Mortgage Loans, the rate specified as such in the Issue Supplement, or (b) as to a Pool of Adjustable-Rate Mortgage Loans, the rate equal to the weighted average of the Net Rates applicable to payments due during the related Due Period for all of the Mortgage Loans in the Pool, weighted on the basis of their respective Stated Principal Balances as of that Distribution Date before giving effect to any distribution of principal on that Distribution Date or any addition to principal due to Negative Amortization during the Due Period relating to that Distribution Date. Unless otherwise provided in the related Issue Supplement, the Pass-Through Rate will be calculated on the basis of a 360-day year consisting of twelve 30-day months.
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Through Rate. The term "through rate" means the single amount charged by a common carrier in connection with through transportation.
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Related to Through Rate

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Mandate Rate The Mandate Rate shall be based upon the monthly average of the net assets of the funds in the Equity asset class, as indicated on Master Schedule A to Management Contracts, as may be updated from time to time, which is hereby incorporated by reference into this Contract, (computed in the manner set forth in the Trust’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month. The Mandate Rate may vary by class. The Mandate Rate shall be determined on a cumulative basis pursuant to the schedule set forth in Schedule 1 of this Contract.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate. 5.10.2 In respect of Interest Periods pursuant to Clause 5.3.2 and subject to Clause 5.3.2, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during an Interest Period shall be the Fixed Rate.