Common use of Rate of Interest Clause in Contracts

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 22 contracts

Samples: Uniform Purchase Agreement, Consulting Agreement, Owner’s Representative / Construction Project Management and Inspection Services Agreement

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Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 12.19.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY COUNTY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 2 contracts

Samples: Interlocal Agreement, Interlocal Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 9.16.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY either party under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 2 contracts

Samples: Interlocal Agreement, Interlocal Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 8.18.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY the AUTHORITY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 2 contracts

Samples: General Counsel Services Agreement, General Counsel Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 12.14.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY COUNTY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Subrecipient Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 13.19.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY COUNTY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Operation and Management Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 12.24.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY COUNTY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Construction Project Management Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section Section 8.17.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Franchise Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 9.21.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY City under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Emergency Debris Removal Monitoring Services Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 12.20.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY COUNTY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Paratransit Rider’s Choice Pilot Program Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 Article 10.30.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY COUNTY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Airport Design Consultant Services Agreement

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Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 12.21.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY COUNTY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Pharmacy Benefit Management Services Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY City under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Construction Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 9.18.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY COUNTY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Federal Legislative and Executive Branch Representation Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY COUNTY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Interlocal Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY CITY/HBCRA under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Grant Monitoring Services Agreement

Rate of Interest. In any instance where the prohibition or limitations of Section 8.17.1 14.21.1 are determined to be invalid or unenforceable, the annual rate of interest payable by CITY COUNTY under this Agreement, whether as prejudgment interest or for any other purpose, shall be .025 percent simple interest (uncompounded).

Appears in 1 contract

Samples: Security Officer Services Agreement

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