FERC Interest Rate definition

FERC Interest Rate shall have the meaning set forth in 18 C.F.R. § 35.19a(a)(2) (2005) or any successor thereto.
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FERC Interest Rate means the interest rate calculated using FERC’s requirements under 18 C.F.R. § 35.19a(a)(2).
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Examples of FERC Interest Rate in a sentence

  • Any amount due and remaining unpaid 10 days following the date of issuance of the invoice shall bear interest at the FERC Interest Rate from that date until the amount due is paid.

  • Delta or MAG, if applicable, shall pay PG&E interest on the outstanding amount of the SO2 Claim Shortfall that remains unpaid within 30 days after Delta’s receipt of the SO2 Claim Shortfall Notice, with such interest to be calculated at the FERC Interest Rate.

  • In the event this Agreement terminates pursuant to Section 2.3 or Section 4.3, Settling Supplier shall, no later than 10 Business Days after the date of termination, reimburse the California Parties, by wire transfer to the account(s) designated by the California Parties, the amount(s) paid by the California Parties pursuant to this Section 4.1.5 plus interest at the FERC Interest Rate.

  • Interest will continue to accrue, at the FERC Interest Rate, on Settling Supplier’s Interest Shortfall Estimate, and on any excess receivables as provided under Sections 5.6.2, 5.6.3 and 5.6.4 through the date of their distribution and on any unpaid interest balances until they are paid as provided for herein.

  • Any amount due and remaining unpaid 10 days following the date of issuance of the invoice shall bear interest from that date until the amount due is paid at the FERC Interest Rate.

  • If any part of the Estimated Receivables is paid to the Mirant Parties after the Execution Date, then the Mirant Parties receiving such Estimated Receivables shall pay an equal amount, plus associated interest at the FERC Interest Rate, into the Mirant Refund Escrow, or such other escrow fund as the California Parties may designate, within two (2) Business Days after the Settlement Effective Date.

  • Delta or MAG, if applicable, shall pay PG&E interest on the outstanding amount of the RMR Claim Shortfall that remains unpaid within 30 days after Delta’s receipt of the RMR Claim Shortfall Notice, with such interest to be calculated at the FERC Interest Rate.

  • Likewise, interest shall be calculated on the Settling Supplier Receivables at the FERC Interest Rate.

  • Interest shall be calculated on the Settling Supplier Refunds specified in Item 5.1(e) of the Cover Sheet at the FERC Interest Rate.

  • The Allocation Matrix also sets forth the estimated interest to be distributed to Settling Participants, which includes interest calculated at the FERC Interest Rate on the Settling Supplier Refunds, less the estimated Interest Shortfall on Refunds as of December 31, 2009.

Related to FERC Interest Rate

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).