Payment for Early Call Clause Samples
The 'Payment for Early Call' clause defines the financial terms that apply if a party exercises its right to terminate or redeem an agreement or instrument before its scheduled maturity date. Typically, this clause specifies the amount or formula used to calculate the payment due upon early termination, which may include a premium or penalty above the principal or outstanding balance. Its core function is to compensate the non-terminating party for potential losses or lost future benefits, thereby discouraging arbitrary early termination and ensuring predictability in financial planning.
Payment for Early Call. When a musician is required to depart from Manchester Camerata’s normal centre of employment before 8.30am, and/or to be present at a concert or rehearsal before 8.30am, an early call payment will be made, calculated at the rate of £3.15 per half hour or part thereof, subject to a minimum of £6.30, for all necessary travelling or working time prior to 8.30am. The time of departure from the musician’s normal centre of employment is defined with reference to the contracted commencement time of the concert or rehearsal, the distance to be travelled from the recognised central point of the musician’s normal centre of employment, and an average speed of travel of 50mph. If a musician’s departure time is defined as being before 6.00am, the early call payment shall be replaced by an overnight stay payment.
Payment for Early Call. When a musician is required to depart from his/her normal centre of engagement before 8.30am, and/or to be present at a concert or rehearsal before 8.30am, an early call payment shall be made, calculated at the rate of
Payment for Early Call. When a musician is required to depart from his/her normal centre of engagement before 8.30am, and/or to be present at a concert or rehearsal before 8.30am, an early call payment shall be made, calculated at the rate of £7.00 per hour or part thereof for all necessary travelling or working time prior to 8.30am. The time of departure from the musician’s normal centre of engagement is defined with reference to the contracted commencement time of the concert or rehearsal, the distance to be travelled from the recognised central point of the musician’s normal centre of engagement and an average speed of travel of 50mph. If a musician’s departure time is defined as being before 6.00am, the early call payment shall be replaced by an overnight stay payment, calculated at the rate applicable to the musician’s destination.
Payment for Early Call. When a musician is required to depart from home base, moving base or his/her normal centre of employment before 8.30am, an early call payment shall be made, calculated at the rate of £6.15 per hour or part thereof, for all necessary travelling time prior to
Payment for Early Call. When a musician is required to depart from home base, moving base or his/her normal centre of employment before 8.30am, an early call payment shall be made for all necessary travelling time prior to 8.30am. The time of departure from home base, moving base or the musician’s normal centre of employment is defined with reference to the contracted commencement time of the session, the distance to be travelled from home base, moving base or the recognised central point of the musician’s normal centre of employment, and an average speed of travel of 50mph. If a musician’s departure time is defined as being before 6.00am, the early call payment shall be replaced by an overnight stay payment, calculated at the rate applicable to the musician’s destination. The amount of any payments will be as set in Appendix 3 of the MU/RNS Agreement.