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

  • 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.

  • Additionally, the remaining non-defaulting Project Participants shall be obligated to make up any shortfalls created by the defaulting Project Participant(s)’ failure to pay their Base Rate Charge when due in order to ensure the continued operation of the Project and the payment of the Debt Service until the defaulting Project Participant(s) cures the default.

  • In order to cure the default, the defaulting Project Participant(s) must repay to the Cooperative their Base Rate Charge.

  • The failure by one or more Project Participants to pay the Base Rate Charge when due, shall be immediately cured.

  • The amount of any Base Rate Charge shortfalls to be paid by each non- defaulting Project Participant shall be a share of the total shortfall in the proportion of the non-defaulting Project Participant’s Water Cost Proportionate Share in Section 1.47 bears to the sum of the Water Cost Proportionate Shares of all the non-defaulting Project Participants, as determined by the Project Board.

  • 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(s) cures the default.

  • Any failure by a Project Participant to pay its portion of the payment required by this Section 18.2 shall be deemed a failure to pay the Base Rate Charge when due, and shall be governed by this Section 18.2 as such, with the failing Project Participant deemed a defaulting Project Participant.

  • Upon repayment of the Base Rate Charge by the defaulting Project Participant(s) plus any interest at the rate determined by the Project Board in accordance with Section 14.1, the Cooperative shall replenish the Reserves and/or credit the other Project Participants for payments made in order to avoid a shortfall.

  • 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.

  • 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.


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 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:

  • 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.