Dedication Rate definition

Dedication Rate means 90%, provided that such rate will increase to 100% whenever (a) an Event of Default exists or (b) a Coverage Deficiency occurs that is not cured within thirty (30) days after such occurrence.
Dedication Rate means 80%, provided that the Dedication Rate will automatically increase to 100% whenever (a) an Event of Default exists, or (b) a Coverage Deficiency occurs and Borrower does not cure such Coverage Deficiency within one month thereafter.
Dedication Rate has the meaning given in Section 2.5(b).

Examples of Dedication Rate in a sentence

  • On each Quarterly Payment Date, Company shall make a principal payment in respect of the Loans in an aggregate amount equal to the product of the Dedication Rate multiplied by the Adjusted Net Cash Flow for the Calculation Quarter applicable thereto, without premium or penalty.

  • The percentage stated in this section shall be known as the "Dedication Rate".

  • Notwithstanding anything contained in the first sentence of this subpart (b) to the contrary, upon the occurrence and during the continuation of an Event of Default under SECTION 10.1(r), the Base Dedication Rate shall be one hundred percent (100%) and upon the occurrence and during the continuation of any other Event of Default the Base Dedication Rate shall be ninety-five percent (95%).

  • Borrower shall pay promptly to Lender the Dedication Rate multiplied by all proceeds of sale of any assets of Borrower that comprise any part of the Collateral and not otherwise constituting Gross Receipts and paid into the Cash Collateral Account (provided, however, that this provision is subject to Section 7.2 (a) and shall not be deemed to be a consent by Lender to any such sale).


More Definitions of Dedication Rate

Dedication Rate means ninety percent (90%); provided that following the occurrence and during the continuation of an Event of Default the "Dedication Rate" shall be one hundred percent (100%) until such time as Borrower and Lender mutually agree or it has been demonstrated at any time to Lender's reasonable satisfaction by Engineers that the net present value of the Proved Reserves attributable to Borrower's Net Revenue Interest in the Properties, using the parameters set forth in Section 7.1(f), multiplied by ninety percent (90%), is greater than one and one-half (1.5) times the outstanding principal balance of the Advancing Note, and at such point and thereafter the "Dedication Rate" shall be ninety-five percent (95%).
Dedication Rate means 100%; provided that Administrative Agent may decrease such percentage in its sole discretion down to a percentage not less than 75% with respect to the calculation of the payment due pursuant to Section 2.11 on any Quarterly Payment Date.

Related to Dedication Rate

  • Completion Rate means the percentage of an apprenticeship cohort who receives a certificate of apprenticeship completion within 1 year of the projected completion date. An apprenticeship cohort is the group of individual apprentices registered to a specific program during a 1 year time frame, except that a cohort does not include the apprentices whose apprenticeship agreement has been cancelled during the probationary period or who have transferred.

  • Contribution Rate means, in a reserve study as described in RCW 64.38.065, the amount contributed to the reserve account so that the association will have cash reserves to pay major maintenance, repair, or replacement costs without the need of a special assessment.

  • Auction Rate means the rate of interest per annum that results from implementation of the Auction Procedures and is determined as described in Section 2.02(a)(iii)(B) of this Appendix A.

  • Calculation Rate For each Distribution Date, in the case of the Class A and Class B Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding Class A and Class B Interests, treating each Class A Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class.

  • Termination Rate means a rate per annum equal to the arithmetic mean of the cost (without proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts.

  • Distribution Rate means, for the Distribution Period beginning on (and including) the date of original issuance and ending on (but excluding) the Distribution Payment Date in June 2004, the rate per annum of 3.90%, and for each Distribution Period beginning on or after the Distribution Payment Date in June 2004, the Coupon Rate for such Distribution Period.

  • Monitoring Period means the period from the Launch Date to the Valuation Date (both dates including) at such point in time at which the Reference Price of the Underlying is determined and published..

  • Inflation rate means that term as defined in section 34d.

  • Capitation rate means the fee the department pays monthly to a participating health or dental plan for each enrollee for the provision of covered medical or dental services whether or not the enrollee received services during the month for which the fee is intended.

  • Utilization Percentage means, on any day, the percentage produced by dividing (a) the aggregate Revolving Credit Exposures by (b) the total Commitments, unless the Commitments shall have been terminated, in which case the Utilization Percentage shall be 100%.

  • Turnover Rate means the period of time (usually in hours) required to circulate a volume of water equal to the pool or spa capacity.

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Fixed Retained Yield Rate With respect to each Mortgage Loan, a per annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (i) 6.500%, (ii) the applicable Servicing Fee Rate and (iii) the Master Servicing Fee Rate.

  • Measurement Point means the emission source for which continuous emission measurement systems (CEMS) are used for emission measurement, or the cross-section of a pipeline system for which the CO2 flow is determined using continuous measurement systems;

  • Daily Non-Cumulative Compounded RFR Rate means, in relation to any U.S. Government Securities Business Day during a Floating Rate Interest Period for a Loan (or any part of it), the percentage rate per annum determined by the Facility Agent in accordance with the methodology set out in Schedule 15B (Daily Non-Cumulative Compounded RFR Rate) or in any relevant Compounding Methodology Supplement.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Monitoring well means a water well intended for the purpose of determining groundwater quality or quantity.