Incremental Rate definition

Incremental Rate. For an Incremental Rate Mortgage Loan, the per annum increase to the initial Mortgage Interest Rate set forth in the addendum to the related Mortgage Note, which increase takes effect upon the occurrence of certain specified conditions prior to the first Adjustment Date and remains in effect until the first Adjustment Date.
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Incremental Rate has the meaning given to that term in Schedule 5 (Additional Information);
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Incremental Rate. Not applicable.
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Examples of Incremental Rate in a sentence

  • If such Participant shall have received one or more but not all of the Annual Payments, his/her Supplemental Ledger account shall be valued pursuant to (4) below as if it had been reduced on the Effective Date by the Effective Date value of Annual Payments received (discounted at Basic plus Option B Incremental Rate) and credited thereafter with the Basic plus Option A Incremental Rate.

  • In addition to the Negotiated Monthly Base Reservation Rate, Shipper shall pay Natural an incremental volumetric daily reservation rate for all quantities transported on a firm basis on any day to the Incremental Rate Secondary Delivery Points set forth in this Section 1.8, subject to the applicable maximum rate set forth in Natural’s FERC Gas Tariff, as may be revised from time to time, for service to such point.

  • Runcie Superintendent of SchoolsThe School Board of Broward County, Florida (SBBC) is interested in receiving bids in response to the attached Invitation to Bid (ITB) for FY22-167 – Maintenance of Hardwood Floors.

  • In the event the Termination Date of such a Director precedes receipt of all Annual Payments because of death or disability, or in the event all Annual Payments are not made due to coincidence with annuity payments on or after the Annuity Starting Date, the Director or Beneficiary shall receive payments from the Supplemental Ledger valued at the Basic plus Option B Incremental Rate less any Annual Payments received by the Director.

  • Four optional pricing rate schedules (Schedule No. GO-ET, “Emerging Technologies Optional Rate”, Schedule No. GTO-ET, “ Transportation-Only Emerging Technologies Optional Rate”, Schedule No. GO-IR, “Incremental Rate for Existing Equipment” and Schedule No. GTO-IR, “Transportation-Only Incremental Rate for Existing Equipment”) and the OPT Agreement were created to administer the Optional Pricing Program.

  • Further, each Additional SVOD Program licensed as SVOD Included Programs pursuant to this Section 4.1.3 are excluded from the SVOD Annual Minimum Fees set forth in Section 6.2.1 below and thus the SVOD License Fee for each such Additional SVOD Program shall be equal to the amount set forth in the applicable Rate Card (subject to any Incremental Rate Card Increases, if applicable).

  • In the event the Termination Date of such a Participant precedes receipt of all Annual Payments because of death or disability, or in the event all Annual Payments are not made due to coincidence with annuity payments on or after the Annuity Starting Date, the Participant or Beneficiary shall receive payments from the Supplemental Ledger valued at the Basic plus Option B Incremental Rate less any Annual Payments received by the Participant.

  • Solhaug, Fishbones AS 1515 205449First Successful Controlled Dumpflood in Deepwater Gulf of Mexico Results in Promising Incremental Rate and RecoveryB.

  • The Incremental Rate is the Incremental Cost of energy plus 2.00 mills per kilowatt-hour, where the Incremental Cost is defined as all identifiable costs (expressed in mills per kilowatt-hour) that BPA would have avoided had it not produced or purchased the energy being sold under this rate.

  • If such Director shall have received one or more but not all of the Annual Payments, his/her Supplemental Ledger account shall be valued pursuant to (4) below as if it had been reduced on the Effective Date by the Effective Date value of Annual Payments received (discounted at Basic plus Option B Incremental Rate) and credited thereafter with the Basic plus Option A Incremental Rate.


More Definitions of Incremental Rate

Incremental Rate means the incremental rate per tonne for maximum gross weights between the immediately preceding maximum gross weight and the immediately following gross weight (if any).
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Incremental Rate. The Contractor will be paid the firm monthly rate for the Management, Operation and Maintenance Services provided. SHOULD THE RATE BE CHARGEABLE, as described therein, in accordance with articles 5 and 6 below.
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Incremental Rate has the meaning given to that term in Schedule 5 (Additional Information); “Insolvency Event” shall be deemed to have occurred with respect to a Person if either:
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Incremental Rate. With respect to any Pool 2 Mortgage Loan and any Distribution Date, a per annum rate ranging from 0.125% to 0.500% by which the Mortgage Rate is increased on such Mortgage Loan during the related Due Period due to the related Mortgagor's ceasing to satisfy certain banking relationships with Wells Fargo Bank, N.A.
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Related to Incremental Rate

  • Incremental value means a figure derived by multiplying the marginal value of the property located within a project area on which tax increment is collected by a number that represents the adjusted tax increment from that project area that is paid to the agency.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • 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.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Total Incremental Term Loan Commitment means the sum of the Incremental Term Loan Commitments of any Class of Incremental Term Loans of all the Lenders providing such Class of Incremental Term Loans.

  • Fixed Incremental Amount has the meaning specified in the definition of “Permitted Incremental Amount.”

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Incremental Term B Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.