Demand Rate definition

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.
Sample 1
Demand Rate shalx xxxx xxx Xxxxx 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:
Sample 1
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.
Sample 1

Examples of Demand Rate in a sentence

  • In this case, the Maximum Demand Rate is modified as follows: Maximum Demand - The billing demand shall be the maximum thirty (30) minute demand recorded all weekday hours between 8 a.m. and 8 p.m., except those on holidays.

  • Marketers: The FT-2 Demand Rate (SDCM) recovers fixed costs associated with storage and peaking resources.

  • In addition to the Demand Rate and Commodity Rates specified herein, Shipper shall be responsible for (i) Transporter’s Fuel and Losses Retention, and (ii) FERC-prescribed surcharges of general applicability, including but not limited to the ACA Surcharge, that Transporter may be entitled to charge from time to time pursuant to Transporter’s FERC Gas Tariff.

  • The FT-2 Demand Rate (SDCM) recovers fixed costs associated with storage and peaking resources including pipeline supplies designated by the Company for peaking purposes.

  • 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).

  • The name of this religious Fellowship, incorporated under the laws of the State of New York shall be the Unitarian Universalist Fellowship.

  • The Demand Rate is equal to the demand rate included in Section 2.1.2.1 of the PF-20 rate schedule.

  • Xxxxxxx’s Negotiated Daily Demand Rate for PNGTS reflected above shall be adjusted as follows: To the extent Actual PNGTS Construction Costs (defined below) exceed Estimated PNGTS Construction Costs (defined below), Shipper’s Negotiated Daily Demand Rate shall be multiplied by the Capital Cost Overrun Factor (“CCO Factor”).

  • 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”).

  • The Demand Rate is equal to the demand rate included in Section 2.1.2.1 of the PF-18 rate schedule.


More Definitions of Demand Rate

Demand Rate has the values set forth in the chart below:
Sample 1
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.
Sample 1
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.
Sample 1
Demand Rate shall have the meaning given to that term in the Note.
Sample 1

Related to Demand Rate

  • Demand Request shall have the meaning set forth in Section 2.1.

  • Demand Bid Limit means the largest MW volume of Demand Bids that may be submitted by a Load Serving Entity for any hour of an Operating Day, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K- Appendix.

  • Demand Registration Request shall have the meaning set forth in Section 3.1.1(a).

  • Demand Registrations has the meaning set forth in Section 2(a).

  • Demand Period has the meaning set forth in Section 2.01(c).

  • Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location in the Day-ahead Energy Market and in the physical transfer of energy during the relevant Operating Day.

  • Demand Registration Notice has the meaning set forth in Section 2.1.

  • Demand Registration Statement has the meaning set forth in Section 2.01(a).

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Shelf Takedown Request shall have the meaning set forth in Section 3.2.5(a).

  • Demand Registration shall have the meaning given in subsection 2.1.1.

  • Eurodollar Interest Period means, for any Eurodollar-based Advance, an Interest Period of one, two or three months (or any shorter or longer periods agreed to in advance by the Borrower, Agent and the Lenders) as selected by Borrower, for such Eurodollar-based Advance pursuant to Section 2.3 or 4.4 hereof, as the case may be.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Applicable Dividend Rate means (i) during the period from the Original Issue Date to, but excluding, the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 5% per annum and (ii) from and after the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 9% per annum.

  • LIBOR Interest Period means, as to any advance to which the LIBOR Option applies, the period of one (1), two (2), three (3) or six (6) months as selected by the Borrower in its notice of borrowing or notice of conversion, as the case may be, commencing on the date of disbursement of an advance (or the date of conversion of an advance to the LIBOR Option, as the case may be) and each successive period selected by the Borrower thereafter; provided that, (i) if a LIBOR Interest Period would end on a day which is not a Business Day, it shall end on the next succeeding Business Day unless such day falls in the next succeeding calendar month in which case the LIBOR Interest Period shall end on the next preceding Business Day, (ii) the Borrower may not select a LIBOR Interest Period that would end on a day after the Expiration Date, and (iii) any LIBOR Interest Period that begins on the last Business Day of a calendar month (or a day for which there is no numerically corresponding day in the last calendar month of such LIBOR Interest Period) shall end on the last Business Day of the last calendar month of such LIBOR Interest Period.

  • Minimum Borrowing Amount means (i) for Revolving Loans, $5,000,000, and (ii) for Swingline Loans, $1,000,000.

  • Demand Party has the meaning set forth in Section 2.2(a).

  • Bund Rate means, as of any redemption date, the rate per annum equal to the equivalent yield to maturity as of such redemption date of the Comparable German Bund Issue, assuming a price for the Comparable German Bund Issue (expressed as a percentage of its principal amount) equal to the Comparable German Bund Price for such relevant date, where:

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Adjusted Collateral Principal Amount means, as of any date of determination:

  • Floating Quarterly Dividend Rate means, for any Quarterly Floating Rate Period, the rate of interest (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the T-Bill Rate on the applicable Floating Rate Calculation Date plus 1.60% (calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Nominated Demand Resource Value means the amount of load reduction that a Demand Resource commits to provide either through direct load control, firm service level or guaranteed load drop programs. For existing Demand Resources, the maximum Nominated Demand Resource Value is limited, in accordance with the PJM Manuals, to the value appropriate for the method by which the load reduction would be accomplished, at the time the Base Residual Auction or Incremental Auction is being conducted.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.