Common use of Rate to Fine Multiple Clause in Contracts

Rate to Fine Multiple. The Revenue Value of a Concession Metered Parking Space shall be promptly reduced by ten percent during any period of time that the Rate to Fine Multiple is less than ten; by twenty-five percent during any period of time that the Rate to Fine Multiple is less than five and by eighty percent during any period of time that the Rate to Fine Multiple is less than three.

Appears in 2 contracts

Samples: Chicago Metered Parking System Concession Agreement, Concession Agreement

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Rate to Fine Multiple. The Revenue Value of a Concession Metered Parking Space shall be promptly reduced by ten percent during any period of time that the Rate to Fine Multiple is less than teneight; by twenty-five percent during any period of time that the Rate to Fine Multiple is less than five four and by eighty percent during any period of time that the Rate to Fine Multiple is less than threetwo.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

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