Demand Rate definition

Demand Rate shal▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ Rate (as such term is defined in the Credit Agreement), plus Four Percent (4%) per annum. This Guaranty shall be deemed to have been made under and shall be governed by the laws of the State of Indiana in all respects and shall not be waived, altered, modified or amended as to any of its terms or provisions except in writing duly signed by Creditor and Guarantor. This Guaranty shall bind Guarantor and Guarantor's successors, assigns and legal representatives, and shall inure to the benefit of all transferees, credit participants, assignees, successors and endorsees of Creditor. The failure of any Person to execute or be bound by this Guaranty shall not release or affect the liability of Guarantor, and the liability of Guarantor under this Guaranty is not conditioned or contingent upon or subject in any way to obtaining or retaining the primary or secondary liability of any party or parties with respect to all or any part of the Guaranty Obligations (including, without limitation, Debtor and the Other Guarantors). Creditor is relying and is entitled to rely upon each and all of the provisions of this Guaranty; and accordingly if any provision or provisions of this Guaranty should be held to be invalid or ineffective, then all other provisions shall continue in full force and effect. As long as this Guaranty is in effect, Guarantor shall furnish to Creditor the following:

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Demand Rate. Lender shall have the option of imposing, and Borrower shall, upon demand of Lender, pay an interest rate which is four percent (4%) per annum above the interest rate otherwise payable hereunder ("Demand Rate”) (a) while any monetary amount remains unpaid hereunder, during that period between the due date of any payment to be made and the date of actual receipt by Lender of any such payment; (b) following an Event of Default under any of the Security Instruments, unless and until such Event of Default is cured or waived by Lender; and (c) after a demand by Lender.

Demand Rate means the Monthly rate per MMBtu for a Service available to Customer in respect of a Transaction as agreed to by Grama and Customer and stated in the applicable Confirmation.

Examples of Demand Rate in a sentence

• Any such adjustment to Shipper’s Negotiated Daily Demand Rate for PNGTS shall be subject to a rate adjustment cap of +/- US$0.05 per Dth (overruns/ underruns).

• To the extent Actual PNGTS Construction Costs, as defined below, are less than Estimated PNGTS Construction Costs as defined below, Shipper’s Negotiated Daily Demand Rate shall be multiplied by the Capital Cost Underrun Factor (“CCU Factor”).

• Demand Rate Total Production Demand Cost $44.03 /kW/year Applicable Taxes 0.00 /kW/year Total $44.03 /kW/year / 312 = $0.141 /kW/day 1.

• For the period of November 1, 2021 through October 31, 2040, for volumes received at the primary receipt point and delivered to the primary delivery point, the Negotiated Daily Demand Rate shall be $0.7494/Dth/day.

• For volumes received at the primary receipt point and delivered to any of the following secondary delivery points, the reservation charge shall be the Negotiated Daily Demand Rate: ▇▇▇▇▇▇▇▇▇ M&NE, ▇▇▇▇▇▇▇▇▇ Granite State, Eliot Granite State and Haverhill Tennessee Gas.

• After a review of the Project costs used in the calculation of the Daily Demand Rate, it was determined that the rate needed to be amended.

• When Daily Reserve Capacity is provided, the receiving Party will pay the delivering Party a reserve Demand Rate per kW per day not to exceed the rate calculated in accordance with Appendix A or B, whichever is applicable.

• In turn, the Incremental Electric Rate (IER), and the Demand Rate (DR) will be averaged annually over the course of the reporting periods, as reflected on utility invoices, for equitable cost avoidance savings reporting.

• For transportation service during any Extended Term, the reservation component of the rate will be priced (i) at the lower of the Negotiated Daily Demand Rate set forth in Schedule 1 attached hereto, or (ii) the maximum applicable system recourse rates, and all other rate components, surcharges, and additional applicable charges set forth in PNGTS’ FT Rate Schedule, as may be amended from time to time, shall remain unchanged.

• Storage contracts must list the Demand rates in either the back screen or as a Demand Rate on the front screen.

More Definitions of Demand Rate

Demand Rate has the values set forth in the chart below:

Demand Rate means a fluctuating interest rate per annum as shall be in effect from time to time equal to the offered quotation, if any, to Lender in the London interbank market for U.S. Dollar deposits (or such rate applicable in respect of such other loan currency requested by Borrower and agreed by Lender pursuant to Section 2.2(a)) of amounts comparable to the principal amount of the Demand Rate Loan for which the Demand Rate is being determined, with a maturity of one month, as of approximately 11:00 a.m. (London time) on each date of determination (but, if such offered quotation is negative, it shall be deemed to be 0%); provided that, if on any date of determination, by reason of changes affecting the London interbank market or Lender’s position therein, Lender determines that adequate and fair means do not exist for ascertaining such offered quotation (which determination shall, absent manifest error, be final, conclusive and binding on Borrower), or if it is illegal for Lender to make or continue a Loan at the rate described above, then the Demand Rate shall be such rate as is reasonably determined by Lender and notified to Borrower. Upon delivery by Lender to Borrower of a confirmation specifying the Demand Rate, the terms therein shall become part of this Note and be subject to all of the terms and conditions of this Note.

Demand Rate shall have the meaning given to that term in the Note.

Demand Rate means the dollar amount per million gallons per day (MGD) applied to Grand Prairie’s Maximum Day Demand to calculate the Demand Charge.