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 shall mxxx 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

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

  • Xxxxx 000, Xxxxxxx Xxxxx, XX 00000 Note Holder: Julian Spitari Amount of loan: $1,500 Term: Due on Demand Rate: 8% annual interest will be accrued on note until re-payment.

  • The Company reserves the right to also offer its securities to accredited investors in compliance with Rule 506(c) of Regulation D.

  • The Zone 2 No. 14 Transporta- tion Demand Rate shall apply to each Dth of Maximum Equivalent Quantity at any Primary Delivery Point located in Transporter's Zone 2 which corresponds to a Dth of Maximum Input Quantity at any Primary Receipt Point located in Transporter's Zone 2, as reflected in the Schedule 1 and Schedule 2 appended to the Gas Transportation Contract between Transporter and Shipper in effect as of the date of such contract.

  • Monthly Demand Rate: N/A Fuel and Use Quantity: Customer will provide an in kind fuel reimbursement equal to one and one-quarter percent (1.25%) of the total quantity of Gas delivered at the Point(s) of Receipt.

  • Borrower agrees to pay interest on the unpaid principal amount of each Demand Rate Loan outstanding from time to time, from the date of borrowing until repayment in full of this Note, at a rate per annum (calculated on the basis of a 360-day year in the case of an advance made in U.S. Dollars, or either a 360-day year or a 365/366-day year, as applicable, in the case of an advance made in a currency other than U.S. Dollars) equal to the Demand Rate plus the Demand Rate Margin.

  • The Generation Services Fee of the Demand Charge will be calculated as follows: Generation Services Fee = (Billing Demand times Demand Rate) minus (Transmission Services Fee plus Ancillary Services Fee); where Billing Demand = sum of the integrated hourly demands of the points of delivery during the hour coincident with the southern Electric System Territorial Peak Demand.

  • The Customer in addition agrees to pay to the Company a monthly Contract Demand Rate per dekatherm of its Contract Daily Demand, as identified on Exhibit G to this Agreement.

  • Imposition of a Post Demand Rate shall not extend the time for any payment on this Note.

  • For purposes of applying this paragraph, the daily Maximum Transportation Demand Rate shall be determined by multiplying the Maximum Transportation Demand Rate reflected from time to time on the currently effective Sheet No. 4 of this tariff by twelve (12) and dividing the product by 365.


More Definitions of Demand Rate

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 shall have the meaning given to that term in the Note.
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 has the values set forth in the chart below: Monthly Rates Monthly Rates Year Rate Year Rate 1997 * 2003 * 1998 * 2004 * 1999 * 2005 * 2000 * 2006 * 2001 * 2007 * 2002 * [*CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION.] After December 31, 2007, the Demand Rate will increase annually at [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION.] Energy Charge The Energy Charge will be calculated as follows: Energy Charge = Energy Usage times Energy Rate; where Energy Usage = the total KWh of energy used at the delivery points. Energy Rate has the values set forth in the chart below: Monthly Rates Monthly Rates Year Rate Year Rate 1997 * 2003 * 1998 * 2004 * 1999 * 2005 * 2000 * 2006 * 2001 * 2007 * 2002 * [*CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION.] After December 31, 2007, the Energy Rate will increase annually at the [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION.] Transformation Charge [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION.] per KVA FPUC will be billed based on the product of the above rate and [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION.] The Company shall have the right to adjust the Transformation Charge in the event of modifications to or additions of capability of the existing delivery points or the addition of new delivery points, if any. Delivery Point Charge [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION.] per delivery point per month.
Sample 1

Related to Demand Rate

  • 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 $30,000,000.

  • Eurodollar Interest Period or "Interest Period" shall mean, with respect to a Eurodollar Loan, a period of one, two, three or six months commencing on a Business Day selected by the Borrowers pursuant to this Agreement. Such Eurodollar Interest Period shall end on the day which corresponds numerically to such date one, two, three or six months thereafter, provided, however, that if there is no such numerically corresponding day in such next, second, third or sixth succeeding month, such Eurodollar Interest Period shall end on the last Business Day of such next, second, third or sixth succeeding month. If a Eurodollar Interest Period would otherwise end on a day which is not a Business Day, such Eurodollar Interest Period shall end on the next succeeding Business Day, provided, however, that if said next succeeding Business Day falls in a new calendar month, such Eurodollar Interest Period shall end on the immediately preceding Business Day.

  • 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.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • 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, with respect to a LIBOR Advance, a period of one, two, three or six months, as selected in advance by the Borrower.

  • Minimum Borrowing Amount means (i) for Revolving Loans $1,000,000 and (ii) for Swingline Loans, $100,000.

  • 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:

  • 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).

  • 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.

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • Interim Redetermination Date means the date on which a Borrowing Base that has been redetermined pursuant to an Interim Redetermination becomes effective as provided in Section 2.07(d).

  • LIBOR Revolver Loan a Revolver Loan that bears interest based on LIBOR. License: any license or agreement under which an Obligor is authorized to use Intellectual Property in connection with any manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Aggregate Revolving Exposure means, at any time, the aggregate Revolving Exposure of all the Lenders at such time.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Interim Redetermination has the meaning assigned such term in Section 2.07(b).