Base Rate Charge Clause Samples
The Base Rate Charge clause defines the standard interest rate or fee that applies to a financial transaction or outstanding balance. Typically, this clause specifies how the base rate is determined—such as referencing a published benchmark rate like LIBOR or the prime rate—and outlines how it is applied to calculate interest or charges on amounts owed. By establishing a clear and consistent method for determining charges, this clause ensures transparency and predictability in financial obligations, reducing disputes over payment calculations.
Base Rate Charge. The Base Rate Charge shall be computed as
13.3.1.1 The Cooperative shall estimate the Debt Service Cost, the Capital Renewal and Replacement Cost, Fixed Operation and Maintenance Cost, Reserves and Variable Operation and Maintenance Cost required to meet the cash needs of the Project for the upcoming Fiscal Year.
13.3.1.2 The Base Rate Charge shall consist of the total of the Debt Service Cost, Capital Renewal and Replacement Cost, Fixed Operation and MaintenanceCost and Reserves determined pursuant to Section 13.3.
1.1. The Base Rate Charge shall be allocated among each Project Participant based upon each Project Participant’s Water Allotment Percentage identified in the then effective Water Allotment Table in Section 1.46, as it may be modified pursuant to Section 10, for the upcoming Fiscal Year.
13.3.1.3 The Base Rate Charge allotment computed for each Project Participant pursuant to Section 13.3.1.2 shall be increased by any underpayment or decreased by any overpayment determined pursuant to Sections 13.5 and/or 10 of this Agreement.
Base Rate Charge. The Base Rate Charge shall be computed as
13.3.1.1 The Cooperative shall estimate the Debt Service Cost, the Capital Renewal and Replacement Cost, Fixed Operation and Maintenance Cost, Reserves and Variable Operation and Maintenance Cost required to meet the cash needs of the Project for the upcoming Fiscal Year.
13.3.1.2 The Base Rate Charge shall consist of the total of the Debt Service Cost, Capital Renewal and Replacement Cost, Fixed Operation and MaintenanceCost and Reserves determined pursuant to Section 13.3.
1.1. The Base Rate Charge shall be allocated
13.3.1.3 The Base Rate Charge allotment computed for each Project Participant pursuant to Section 13.3.1.2 shall be increased by any underpayment or decreased by any overpayment determined pursuant to Sections 13.5 and/or 10 of this Agreement.
Base Rate Charge. If a Project Participant does not request an increased Water Allotment during the Agreement term, then the Base Rate Charge for such Participant shall be reviewed in order to allow any required adjustment of such Base Rate Charges for a Participant.
Base Rate Charge. For any Contract Year, the rate established by resolution of the Authority for payment of the Authority Obligations, Bond Coverage Costs, Debt Service Costs, Charlotte Oversized Facilities Payment, Capital Component Charge, Hydraulic Pipeline Capacity Entitlement Cost and Renewal and Replacement Costs for the Authority Water Supply Facilities. The Base Rate Charge also includes the Fixed Operations and Maintenance Costs budgeted by the Authority for expanding, operating, repair and replacement, maintaining and securing the Authority Water Supply Facilities regardless of the quantity of water, if any, being produced or delivered by the Authority, with such fixed costs being assessed proportionately in accordance with the Annual Average Daily Water Allocation.