Deemed Rate the rates and charges published from time to time by CNG (available at xxx.xxxxxx.xx.xx) in accordance with Schedule 2B of the Gas Act 1986. The Deemed Rate is charged when a Customer moves into Premises to which CNG already supplies Services, and no formal contract has been entered into between the Customer and CNG. The rate applies until the Customer either (i) moves to another supplier or (ii) signs a contract with CNG. The Deemed Rate is published on the CNG website at xxx.xxxxxx.xx.xx.
Deemed Rate the rates and charges published from time to time by CNG (available at xxx.xxxxxx.xx.xx). The Deemed Rate is charged when a Customer moves into Premises to which CNG already supplies Services, and no formal contract has been entered into between the Customer and CNG. The rate applies until the Customer either (i) moves to another supplier or (ii) signs a contract with CNG. The Deemed Rate is published on the CNG website at xxx.xxxxxx.xx.xx. “De-energise/De-energised” is where an electricity supply is temporarily interrupted so that electricity cannot flow from the network to the Premises, but it has not been permanently disconnected.
Deemed Rate means a deemed rate of interest equal to, at any time of determination, the weighted average interest rate of (a) a fully drawn Facility Amount bearing interest at Adjusted LIBOR with a one month Interest Period plus the Applicable Margin, and (b) all other Unsecured Indebtedness at the rate(s) in effect for such Unsecured Indebtedness on the last day of the previous quarter. If and to the extent any Unsecured Indebtedness (including, without limitation, the Loans) is subject to an interest rate swap or similar Derivative Contract, the Deemed Rate shall take into consideration the effect of such Derivative Contract.
Examples of Deemed Rate in a sentence
A Deemed Rate is charged when a Customer moves into Premises to which CNG already supplies Services, and no formal contract has been entered into between the Customer and CNG.
More Definitions of Deemed Rate
Deemed Rate means a deemed rate of interest equal to, at any time of determination, the weighted average interest rate of (a) the fully drawn Facility Amount bearing interest at Adjusted LIBOR with a one month Interest Period plus the Applicable Margin (as the terms “Facility Amount,” “Adjusted LIBOR,” “Interest Period” and “Applicable Margin” are defined in the Revolving Credit Facility Agreement), and (b) all other Unsecured Indebtedness (including, without limitation, the Loans) at the rate(s) in effect for such Unsecured Indebtedness on the last day of the previous quarter. If and to the extent any Unsecured Indebtedness (including, without limitation, the Loans) is subject to an interest rate swap or similar Derivative Contract, the Deemed Rate shall take into consideration the effect of such Derivative Contract.
Deemed Rate means, as of any date of determination, the greater of (i) eight percent (8.0%), (ii) the prevailing rate of 10 year United States treasury notes plus two and one half percent (2.50%) and a twenty five (25) year amortization, or (iii) the weighted average of the interest rates then in effect under the Facility.
Deemed Rate has the meaning given to that term in Condition 8 (Definitions: Part 5) of Part 5 (Payment Calculations);
Deemed Rate is the price charged for the Services when a Customer moves into Premises to which CNG already supplies Services, and no formal contract has been entered into between the Customer and CNG. The rate applies until the Customer either (i) moves to another supplier or
Deemed Rate has the meaning given to that term in clause 10.5 (Determination of Deemed CO2 Capture Rate);
Deemed Rate means a fixed rate per annum equal to the sum of (i) Eurodollar Rate as in effect as of two Business Days prior to the prepayment date (as if a Eurodollar Rate Loan for an Interest Period was to be made on the prepayment date) plus (ii) the Eurodollar Rate Margin for a Tranche A Term Loan or a Tranche B Term Loan, as applicable, using the highest margins provided in subsection 2.2A(ii)(b). For purposes of the Deemed Rate, the Interest Payment Dates thereof shall be the same dates as that for Base Rate Loans and the maturity shall be the maturity date of Base Rate Loans.
Deemed Rate as of any date of determination, (i) 0.9925 during the period from October 1, 2002 through and including, December 31, 2002, and (ii) 0.9850, at all times thereafter.