Class 3 Clause Samples
The 'Class 3' clause typically defines a specific category or classification within a contract, often relating to the type of goods, services, or obligations covered. In practice, this clause might be used to distinguish certain products, such as hazardous materials or specialized equipment, from other classes for the purposes of regulation, pricing, or liability. By clearly identifying what falls under 'Class 3,' the clause ensures that all parties understand the applicable rules, responsibilities, or restrictions, thereby reducing ambiguity and helping to allocate risk appropriately.
Class 3. Any used motor vehicle not in Class 2 and designated by the manufacturer by a year model more than two years prior to the year in which the sale is made, an amount equivalent to two and one-fourth percent per month simple interest on the declining balance of the amount financed.
Class 3. All Missouri citizens who (1) have an equitable interest (e.g. lessees, renters, and minors) in a vehicle towed by ▇▇▇’s Towing pursuant to an “Authorization to Tow” form endorsed by the St. ▇▇▇ Police Department and (2) are required to pay the City of St. ▇▇▇ a $100 “Towing Release Fee” pursuant to St. ▇▇▇ Municipal Ordinance §395.085 in order to get the vehicle released from January 9, 2015 to the present. Excluded from the Classes is Defendant, its parents, subsidiaries, affiliates, officers, and directors, and all Class members who make a timely election to be excluded by opting-out.