COMPOUNDED COURSE OPTION Sample Clauses
The Compounded Course Option clause allows parties to determine payments or settlements based on interest rates that are compounded over a specified period, rather than using simple interest calculations. In practice, this means that the interest is calculated on both the initial principal and the accumulated interest from previous periods, often applied in financial derivatives or loan agreements. This clause ensures that the method of interest calculation is clearly defined, reducing ambiguity and potential disputes over payment amounts by specifying the use of compounding rather than simple interest.
COMPOUNDED COURSE OPTION. Upon mutual agreement between the instructional ▇▇▇▇ and the faculty member, compounded courses (i.e., different courses with similar content) may be taught during the same lecture/lab period (e.g., ART111 and ART 213) unless the course enrollment justifies separate course meeting times. The course with full enrollment will be paid at the full load rate and the second course will be paid at the independent study rate.