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

  • WEATHER NORMALIZATION ADJUSTMENT WILL BE CALCULATED USING THE FOLLOWING FORMULA: WNA = WNAF * Actual Mcf * Base Rate Charge An average daily base load will be determined separately for residential and small non-residential customers.

  • The Water Chargeshall consist of a Base Rate Charge and a Water Use Charge.

  • However, a Force Majeure Event shall not excuse a Project Participant from paying its Base Rate Charge, when due, pursuant to Section 13.4.

  • 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, 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.

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

  • Customer liable only for the Base Rate Charge set by resolution plus Water Use Charge set by resolution for their actual metered water usage.

  • 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.

  • 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.

  • 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.

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 2.06(a)(i).

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

  • Eurocurrency Base Rate means, for such Interest Period:

  • 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 Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

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

  • 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.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • LIBOR Rate Reserve Percentage means as of any day the maximum percentage in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including supplemental, marginal and emergency reserve requirements) with respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”).

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

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

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

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Eurocurrency Rate Reserve Percentage for any Interest Period for all Eurocurrency Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurocurrency Rate Advances is determined) having a term equal to such Interest Period.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period:

  • Lease Rate means for each 20[__]-[__] Lease, the rent charge portion of each Monthly Payment, calculated on a constant yield basis at an imputed interest rate.

  • 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.

  • Base Rate Portion of any Loan or Loans shall mean at any time the portion, including the whole, of such Loan or Loans bearing interest at such time (a) under the Base Rate Option or (b) in accordance with Section 4.05(b)(ii)(A) hereof. If no Loan or Loans is specified, “Base Rate Portion” shall refer to the Base Rate Portion of all Loans outstanding at such time.