Interest Index means the average Federal Funds Effective Rate, defined below, for the period of time the funds are on deposit. The Federal Funds Effective Rate is published daily on the Federal Reserve website xxxx://xxx.xxxxxxxxxxxxxx.xxx/releases/h15/update/. Kilowatt or kW means a unit of measurement of useful power equivalent to 1,000 xxxxx. Kilowatt-hour or kWh means one kilowatt of electric power used over a period of one hour. Letter of Credit means a standby irrevocable letter of credit acceptable to the Companies issued by a bank or other financial institution with a minimum “A” senior unsecured debt rating (or, if unavailable, corporate issuer rating) from S&P or a minimum “A2” senior unsecured debt rating (or, if unavailable, corporate issuer rating) from Moody’s, in substantially similar form as set forth in Appendix C and including all of the requirements specifically set forth in Section 6.9(b). Load Serving Entity or LSE has the meaning set forth in the applicable PJM Agreements.
Interest Index means the average Federal Funds Effective Rate for the period of time the funds are on deposit. The Federal Funds Effective Rate is published daily on the Federal Reserve website (xxxx://xxx.xxxxxxxxxxxxxx.xxx/releases/h15/update/).
Interest Index means the average Federal Funds Effective Rate for the period of time the funds are on deposit. The Federal Funds Effective Rate is published daily on the Federal Reserve website (xxxx://xxx.xxxxxxxxxxxxxx.xxx/releases/h15/update/). Intermediate Energy Adjustment Amount means the monetary amount due to the BGS- FP Supplier or the Companies, as the case may be, in order to reconcile any difference between the PPEA used for the purpose of calculating estimated payments made to the BGS- FP Supplier for a given Billing Period and the IPEA for such Billing Period. An Intermediate Energy Adjustment Amount indicating a monetary amount due to the BGS-FP Supplier shall be represented as a positive number and an Intermediate Energy Adjustment Amount indicating a monetary amount due to the Companies shall be represented as a negative number. Intermediate Period Energy Allocation or “IPEA” means a quantity in kWh which, for any Billing Period, is the corresponding PPEA adjusted for any billing or metering errors found subsequent to the calculation of such PPEA of which the MISO is notified within 55 days. Kilowatt or “kW” means a unit of measurement of useful power equivalent to 1000 xxxxx. Kilowatt-hour or “kWh” means one kilowatt of electric power used over a period of one hour.
Examples of Interest Index in a sentence
The Companies will pay simple interest (not compounded) calculated at the lower of the Interest Index or six (6) percent per annum on all cash posted by the BGS-FP Supplier and directly held by the Companies pursuant to this Agreement.
Simple interest will be calculated at the lower of the Interest Index or six (6) percent per annum.
More Definitions of Interest Index
Interest Index means the average Federal Funds Effective Rate, defined below, for the period of time the funds are on deposit. The Federal Funds Effective Rate is published daily on the Federal Reserve website xxxx://xxx.xxxxxxxxxxxxxx.xxx/releases/h15/update/. Kilowatt or kW means a unit of measurement of useful power equivalent to 1,000 xxxxx. Kilowatt-hour or kWh means one kilowatt of electric power used over a period of one hour. Letter of Credit means a standby irrevocable letter of credit acceptable to AES Ohio issued by a bank or other financial institution with a minimum “A-” long term bank deposit rating from S&P and a minimum “A3” long term bank deposit rating from Xxxxx’x, in substantially similar form as set forth in Appendix D and including all of the requirements specifically set forth in Section 6.9.
Interest Index means the interest index set forth on Exhibit F for the initial year of this Agreement or as identified by any interest rate adjustment pursuant to Section 3.1 herein.
Interest Index means, if necessary, with respect to and in connection with the issuance of Variable Rate Bonds, as and to the extent expressly provided in a Supplemental Resolution of the Authority authorizing the issuance of such Variable Rate Bonds, the index which shall be used to determine the variable rate of interest to be borne by Variable Rate Bonds, which index shall be established in accordance with the terms of a Supplemental Resolution of the Authority duly
Interest Index means the average Federal Funds Effective Rate for the period of time the funds are on deposit. The Federal Funds Effective Rate is published daily on the Federal Reserve website (xxxx://xxx.xxxxxxxxxxxxxx.xxx/releases/h15/update/). Intermediate Energy Adjustment Amount means the monetary amount due to the BGS- FP Supplier or the Companies, as the case may be, in order to reconcile any difference between the PPEA used for the purpose of calculating estimated payments made to the BGS- FP Supplier for a given Billing Period and the IPEA for such Billing Period. An Intermediate Energy Adjustment Amount indicating a monetary amount due to the BGS-FP Supplier shall be represented as a positive number and an Intermediate Energy Adjustment Amount indicating a monetary amount due to the Companies shall be represented as a negative number.
Interest Index means for any Interest Period ending prior to the Conversion Date 55% of the rate of interest per annum publicly announced by Morgxx Xxxranty Trust Company of New York in New York, New York, as its prime rate.
Interest Index means for any Interest Period ending prior to the Conversion Date 55% of the rate of interest per annum publicly announced by Morgxx Xxxranty Trust Company of New York in New York, New York as its prime rate.
Interest Index means that indication of the lowest interest rate appropriate for bonds similar to the Bonds being priced in terms of security, creditworthiness, term and tender privilege which will permit the Bonds to be sold at a purchase price equal (excluding accrued interest) to their principal amount determined first by interviewing three investors of portfolios holding significant numbers of such bonds (but who are not Bondowners) and second, if that is not practicable, by referring to the best available database or publication of national recognition containing a recent calculation of such an interest rate for comparable securities.