Maximum Allowed Rate definition

Maximum Allowed Rate means as of any date 15% per annum, or if lower, the rate specified as such in any Support Facility then in effect, provided, however, that such Maximum Allowed Rate shall not exceed the maximum rate, if any, permitted by applicable law.
View Source
Maximum Allowed Rate means as of any date 15% per annum, or if lower, the rate specified as such in any Support Facility then in effect; provided, however, that such maximum allowed rate shall not exceed the Maximum Rate, if any, permitted by applicable law.
View Source
Maximum Allowed Rate means as of any date (i) during any Commercial Paper Rate Period, Daily Rate Period, Weekly Rate Period, Monthly Rate Period, Semi-annual Rate Period or Term Rate Period, 15% per annum, or if lower, the rate specified as such in any Support Facility then in effect, and (ii) during any Auction Rate Period, Fixed Rate Period or during a bank bond rate period during which the Bonds are owned by a Liquidity Facility Issuer, 18% per annum, provided, however, that such Maximum Allowed Rate shall not exceed the maximum rate, if any, permitted by applicable law.
View Source

Examples of Maximum Allowed Rate in a sentence

  • Anything herein to the contrary notwithstanding, in no event shall the interest rate borne by any Bond exceed the Maximum Allowed Rate.

  • The Maximum Day Usage that occurs within the Rate Year in which Grand Prairie exceeds two and a half (2.5) MGD shall establish the Maximum Day Demand used to determine the initial Maximum Allowed Rate of Flow.

  • If during the Rate Year Grand Prairie requests an increase in demand, to be in effect during that Rate Year, above the then in effect Maximum Allowed Rate of Flow, Grand Prairie will be levied an Excess Demand Charge.

  • Subsequent Maximum Allowed Rate of Flow limitations shall be adjusted to reflect Grand Prairie’s Maximum Day Demand.

  • The newly established Maximum Allowed Rate of Flow will be subject to any future Excess Demand Charges if the newly established Maximum Allowed Rate of Flow is exceeded during the Rate Year.

  • Upon exceeding the then current Maximum Allowed Rate of Flow, a new Maximum Allowed Rate of Flow will be established for the Rate Year.

  • If during the Rate Year, Grand Prairie’s actual Rate of Flow exceeds the Maximum Allowed Rate of Flow, Grand Prairie shall pay to Arlington the Excess Demand Charge.

  • The Excess Demand Charge shall be calculated by subtracting Grand Prairie’s then in effect Maximum Day Demand from Grand Prairie’s actual Maximum Allowed Rate of Flow (converted to MGD).