Formula Rates Sample Clauses

Formula Rates. If ACC initiates the negotiation contemplated in clause (b)(i) and the Parties do not agree on GSM and GPRS roaming rates and exclusivity provisions for Contract Years 4 and 5 during the aforementioned 30-day period, AWS will deliver to ACC, within 30 days following the end of the third quarter of Contract Year 3, its calculation of the Formula Rates for the 12-month period ending at the end of the third quarter of Contract Year 3. Within ten business days after receipt of such calculation, ACC will notify AWS whether it elects to have such Formula Rates (or, if lower, the Table Rates for Contract Year 4) apply to Contract Year 4. If ACC so elects, then (x) the Formula Rates (as set forth in the aforementioned calculation) or, if lower, the Table Rates for Contract Year 4 will apply to Contract Year 4, (y) the Formula Rates (as determined pursuant to the definitions of ARPMin and ARPByte) or, if lower, the Table Rates for Contract Year 5 will apply to Contract Year 5 and (z) the exclusivity obligations of AWS under Article 4 of the GSM Operating Agreement will continue in effect during Contract Years 4 and 5, subject to the terms and conditions of the GSM Operating Agreement.
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Formula Rates. Rate Schedule 19 shall incorporate by reference the formula rates of each Transmission Owner to be used for the determination of the revenue requirements that may be recovered by the Transmission Owner for each Approved Transmission Project, including weighted average costs of capital and rates of return. Each Transmission Owner shall be solely responsible for submitting its own initial formula rate under Rate Schedule 19 (including all rate methodologies and protocols) and each annual formula rate update thereto to the applicable Governmental Authorities and obtaining all requisite approvals or review thereof for its Approved 1 LIPA is an unregulated transmitting utility and under Federal Power Act Section 201(f) is exempt from FERC’s rate jurisdiction under Federal Power Act Sections 205 and 206. Transmission Projects. In addition, each Transmission Owner agrees that the return on equity and capital structure used to recover Approved Transmission Projects’ costs under Rate Schedule 19 will be those approved by the NYPSC (or reviewed by the NYDPS in the case of LIPA) for Approved Transmission Projects (provided they are just and reasonable), subject to any requisite FERC approval or review. To facilitate use of the NYPSC-approved (or in LIPA’s case, NYDPS- reviewed) rates of return as they may change over time without the need to establish a new return on equity and capital structure through a new filing under Section 205 or 206 of the Federal Power Act, each Transmission Owner shall file for FERC approval or review a return on equity that is a ceiling up to which the Transmission Owner may set the revenue requirements for its Approved Transmission Projects. Each Transmission Owner’s formula rate submittals shall reflect the Approved Transmission Project’s actual costs and shall be updated consistent with formula rate protocols. If requested by the NYPSC, each Transmission Owner shall file with the NYPSC biannual status reports reflecting the costs incurred for Approved Transmission Projects relative to their cost estimates at the time of the Approved Transmission Project’s approval. Each Transmission Owner acknowledges and agrees that its recovery of the revenue requirements for each Approved Transmission Project will be undertaken pursuant to the terms and conditions set forth in Rate Schedule 19 and its applicable formula rate thereunder. Unless the NYPSC (or, in the case of LIPA, the NYPSC and LIPA Board of Trustees) otherwise orders or approves such ...
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Formula Rates. Section 36.3 provides NY Transco’s formula rate and implementation rules for the formula rate to recover costs related to its projects through the TFC.
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Formula Rates. Trailer work greater than 3,500 tonnes, the rate shall be established by the Company. The membership as a complete body, shall sign approval of the rate or refusal of the rate. If the trailer rate is refused and the Company elects to utilize the membership to service that project, trailer zone rate will apply. Formula Rate less than 3,500 tonnes: Sept.01/10 Tri-axle $66.39 Tractor Trailer* $80.61 * Tandum Pup and Tri-axle pup fall under item Tractor Trailer”
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Related to Formula Rates

  • Interest Rates (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

  • Applicable Interest Rates (a) U.S.

  • Determination of Rates Promptly after the determination of any interest rate provided for herein or any change therein, the Administrative Agent shall notify the Lenders to which such interest is payable and the Borrower thereof. Each determination by the Administrative Agent of an interest rate or fee hereunder shall, except in cases of manifest error, be final, conclusive and binding on the parties.

  • Interest Rates; LIBOR Notification The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.14(c) of this Agreement, such Section 2.14(c) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower, pursuant to Section 2.14, in advance of any change to the reference rate upon which the interest rate on Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 2.14(c), will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.

  • Interest Rates; Benchmark Notification The interest rate on a Loan denominated in dollars may be derived from an interest rate benchmark that may be discontinued or is, or may in the future become, the subject of regulatory reform. Upon the occurrence of a Benchmark Transition Event, Section 2.14(b) provides a mechanism for determining an alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission, performance or any other matter related to any interest rate used in this Agreement, or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the existing interest rate being replaced or have the same volume or liquidity as did any existing interest rate prior to its discontinuance or unavailability. The Administrative Agent and its affiliates and/or other related entities may engage in transactions that affect the calculation of any interest rate used in this Agreement or any alternative, successor or alternative rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates referenced in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.

  • Fixed Interest Rates Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of ARD loans and situations where default interest is imposed.

  • Quotation of Rates A Representative of Borrower may call Administrative Agent before delivering a Borrowing Request to receive an indication of the interest rates then in effect, but the indicated rates do not bind Administrative Agent or Lenders or affect the interest rate that is actually in effect when Borrower delivers its Borrowing Request or on the Borrowing Date.

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

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