Base Rate Charge definition

Base Rate Charge means for any Fiscal Year, that component of the Water Charge computed according to Section 13.
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Base Rate Charge shall be all charges on Customer’s bill for electric service under the Contract for Customer’s Incremental Load, except those charges pursuant to Rate ECR (Energy Cost Recovery), Rate Rider NDR (Natural Disaster Reserve), adjustments under Rate T (Tax Adjustment), applicable revenue taxes and any applicable surcharges or reserves.
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Base Rate Charge means for any Fiscal Year, that component of the
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Examples of Base Rate Charge in a sentence

  • Upon repayment of the Base Rate Charge by the defaulting Project Participant, the Cooperative shall replenish the Reserves and credit the other Project Participants for payments made in order to avoid a shortfall.

  • For purposes of verifying the Base Rate Charge portion of the Water Charge for this audit, it shall be assumed that the Project Participants have used the quantity of water specified in their Project Water Estimates even if actual water use was less.

  • In order to cure the default, the defaulting Project Participant must repay to the Cooperative its Base Rate Charge.

  • The failure by a Project Participant to pay the Base Rate Charge, when due, shall be immediately cured.

  • If not cured, the Cooperative shall use the Reserves to pay the defaulting Project Participant’s Base Rate Charge in the short term, in order to ensure the continued operation of the Project and the payment of the Debt Service until the defaulting Project Participant cures the default.

  • For all defaults, except the failure to pay the Base Rate Charge, when due, pursuant to Section 13.4, the defaulting Party shall have thirty (30) days to cure the default, unless such default is not capable of being cured within thirty (30) days, in which case the Party must cure the default as soon as practicable.

  • Additionally, unless the remaining Project Participants take all or a portion of the withdrawing Project Participant’s Water Allotment, the withdrawing Project Participant shall continue to remain liable for paymentof its share of the Base Rate Charge.

  • Suspension of Project Water Service to a Project Participant or prohibition of the use of Water Offsets by a Project Participant because of its failure to pay the Water Charge or any portion thereof shall not excuse the Project Participant from paying the Base Rate Charge, when it becomes due nor prohibit the Cooperative from continuing to charge interest on the unpaid amount.

  • Additionally, at the request of the Cooperative, the remaining Project Participants shall be obligated to make up any shortfalls created by the defaulting Project Participant’s failure to pay its Base Rate Charge, when due, according to the Water Allotment Table in Section 1.46, in order to ensure the continued operation of the Project and the payment of the Debt Service until the defaulting Project Participant cures the default.

  • In the event the audit determines an underpayment was made by a Project Participant, then said underpayment shall be added to that Project Participant’s Base Rate Charge for the upcoming Fiscal Year and paid in themanner specified in Section 13.4.1. If the audit determines that an overpayment was made by a Project Participant, then said overpayment shall be deducted from that Project Participant’s Base Rate Charge for the upcoming Fiscal Year in the manner specified in Section 13.4.1.


More Definitions of Base Rate Charge

Base Rate Charge means for any Fiscal Year, that component of the Water Charge computed according to Section 11.3.1.
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Related to Base Rate Charge

  • Base Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(i) [Revolving Credit Base Rate Option].

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Eurocurrency Base Rate has the meaning specified in the definition of Eurocurrency Rate.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.