Index Based Rate definition

Index Based Rate or "IBR" means a charge that varies based on the commodity price difference of Gas traded in Alberta and Chicago, the calculation for which is set out in Article 9 of Toll Schedule Firm Delivery Service.
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Examples of Index Based Rate in a sentence

  • The Index Based Rate provides for seamless transportation from the ATP to Chicago with a minimum five year commitment.

  • Because periodic rate reviews with cost-plus parameters can produce unpredictable costs, and in many cases provide little incentive for the contractor to reduce expenses, an exclusively indexed-based rate increase is recommended, as described below.3.1. Index Based Rate Adjustments for Solid Waste and Recycling CollectionA multi-index rate adjustment method, similar to the approach currently used by the RWMA jurisdictions for rate increases in between the detailed rate reviews is recommended.

  • The Borrower shall give the Bank irrevocable written or telephonic notice of a request (effective upon receipt) for any Loan under this Agreement not later than 11:00 a.m. local time at the office of Bank first shown above (a) on the same business day as each proposed Loan Index Loan or rate conversion to the LIBOR Market Index Based Rate and (b) at least 2 business days before each proposed LIBOR Loan or rate conversion to a LIBOR Based Rate.

  • At the election of Borrower, the unpaid principal balance of each Loan shall bear interest from the date such Loan is made available to the Borrower at the available LIBOR Based Rate or the LIBOR Market Index Based Rate selected by Borrower in accordance herewith (each, an "Interest Rate").

  • For this reason, they do not provide contractors with buried depths and leave confirming depths to the contractor.

  • Upon such determination, the right of Borrower to select, maintain and/or convert to the LIBOR Based Rate and/or the LIBOR Market Index Based Rate shall be suspended until notice from such Lender to Agent that the LIBOR Based Rate and/or LIBOR Market Index Based Rate is again available or ascertainable and, until such time, all outstanding Advances under the Line shall accrue interest at the Prime Based Rate.

  • Each such notice shall specify (i) the date of such Loan or rate conversion, which shall be a Business Day and, in the case of a conversion from a LIBOR Based Rate Loan, the last day of an Interest Period, (ii) the amount of each Loan or the amount to be converted, (iii) the Interest Rate selected by Borrower, and (iv) except for the LIBOR Market Index Based Rate, the duration of any Interest Period applicable thereto, which period must correspond to one of the Interest Rate options.

  • At the risk of losing sight of the simplicity of this rate-setting method, Creative Energy refers to this method as an Index Based Rate- making (IBR) method or mechanism.

  • There will be an item of Public Participation, where Members of the Public who have registered to speak will be able to air their views.

  • If, at any time, any Lender in good faith shall determine (which determination shall be conclusive) that the LIBOR Based Rate and/or LIBOR Market Index Based Rate is unavailable or adequate means for ascertaining the LIBOR Based Rate and/or LIBOR Market Index Based Rate do not exist, such Lender shall promptly notify Agent who shall promptly notify Borrower of such determination.

Related to Index Based Rate

  • SOFR-Based Rate means SOFR or Term SOFR.

  • Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the "base rate on corporate loans posted by at least 75% of the nation's 30 largest banks" (or, if The Wall Street Journal ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled "Selected Interest Rates" as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Adjusted LIBOR means, for any Borrowing of Eurodollar Loans, a rate per annum determined in accordance with the following formula: Adjusted LIBOR = LIBOR

  • Adjusted LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

  • LIBOR Index Rate means, for any Interest Period, the rate per annum (rounded upwards, if necessary, to the next higher one-sixteenth of one percent) for deposits in U.S. Dollars for delivery on the first day of and for a period equal to such Interest Period in an amount equal or comparable to the principal amount of the Eurodollar Loan scheduled to be made by each Lender as part of such Borrowing, which appears on the Applicable Telerate Page as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the commencement of such Interest Period.

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • Quoted Rate means the rate of interest per annum offered by the Swing Line Bank in its sole discretion with respect to a Swing Line Advance.

  • Adjusted Treasury Rate means, with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • Applicable Treasury Rate means the weekly average for each Business Day during the most recent week that has ended at least two Business Days prior to the redemption date of the yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the Federal Reserve Statistical Release H.15 (or, if such statistical release is not so published or available, any publicly available source of similar market data selected by the Company in good faith)) most nearly equal to the period from the redemption date to April 1, 2024; provided, however, that if the period from the redemption date to April 1, 2024 is not equal to the constant maturity of a United States Treasury security for which a yield is given, the Applicable Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the yields of United States Treasury securities for which such yields are given, except that if the period from the redemption date to such applicable date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used.