Negotiated Reservation Rate definition

Negotiated Reservation Rate for the transportation service provided shall be those rates and terms agreed upon as set forth in the ATTACHMENT B-1 attached hereto.
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Negotiated Reservation Rate means the negotiated reservation rate that will apply to Pipeline’s firm transportation service to Customer under the FTSA, as set forth in the FTNRA. “New Pipeline” means the proposed new interstate natural gas pipeline that will run from a point of interconnection with XXX in Xxxxx County, Illinois to a point of interconnection with Line 880 in St. Louis County, Missouri. “Notice to Proceed” means the notice to proceed issued by FERC to commence construction and development of the Project Facilities. “Other Governmental Authorizations” means all licenses, permits, authorizations, consents, opinions, and approvals by federal, state, or local governmental authorities other than FERC, excluding the Line 880 Authorization, that are necessary for Pipeline to provide firm transportation service to Customer on the terms and conditions set forth in this Precedent Agreement, that are issued in form and substance acceptable to Pipeline in its reasonable discretion, and that, except to the extent waived by Pipeline in its sole discretion, are final and no longer subject to agency rehearing or reconsideration or court review. “Project” means the development by Pipeline of the Project Facilities and provision of firm transportation service to Customer as contemplated herein. 3 CONFIDENTIAL TREATMENT REQUESTED “Project Facilities” means the New Pipeline, Line 880, and all associated and appurtenant facilities necessary for Pipeline to provide service to Customer under the Firm Transport Agreement. “Proposed In-Service Date” has the meaning set forth in Section 2. “Qualified Institution” means a major U.S. commercial bank, or the U.S. branch offices of a foreign bank, which is not the Customer or Customer’s guarantor (or a subsidiary or affiliate of the Customer or Customer’s guarantor) and which has assets of at least $10 billion dollars and a credit rating of at least “A-” by S&P, or “A3” by Moody's. “Recourse Rate” has the meaning given such term in FERC’s Policy Statement, Alternatives to Traditional Cost-of-Service Ratemaking for Natural Gas Pipelines, 74 FERC ¶ 61,076 at 61,241 (1996). “Reimbursable Costs” has the meaning set forth in Section 9(b). “XXX” means the Rockies Express Pipeline, LLC. “S&P” means Standard & Poor’s Rating Group (a division of XxXxxx-Xxxx, Inc.) or its successor. “Tariff” means the Pipeline’s FERC NGA Gas Tariff, as initially approved by FERC and made effective by Pipeline, and as may be revised by Pipeline from time to time. “Updated Neg...
Sample 1
Negotiated Reservation Rate means the negotiated reservation rate that will apply to Pipeline’s firm transportation service to Customer under the FTSA, as set forth in the FTNRA.
Sample 1

Examples of Negotiated Reservation Rate in a sentence

  • Such Negotiated Reservation Rate shall be stated per Dth, per month of Customer’s MDQ under the Service Agreement and will be adjusted as set forth in footnote 3 below.

  • Pipeline and Customer hereby agree that the provisions on the attached Pro Forma Statement of Negotiated Rates reflects the terms of their agreement, including the effectiveness of the negotiated rate; provided, however, that the Negotiated Reservation Rate specified on the attached Statement will be subject to modification prior to the effectiveness of such negotiated rate in accordance with the terms of Section 4(b) of the PA.

  • Notwithstanding the foregoing, Pipeline and Customer hereby acknowledge and agree to honor and effectuate the adjustments, if any, to the Negotiated Reservation Rate as set forth in Section 4(b) of the PA, in accordance with the terms thereof, and to amend and restate the Pro Forma Statement of Negotiated Rates attached to this FTNRA as necessary.

  • Pipeline will tender to Customer an amended and restated Firm Transport Agreement reflecting such Updated Negotiated Reservation Rate and, if the Firm Transport Agreement had been previously executed, Customer will execute and return to Pipeline the amended and restated Firm Transport Agreement within five (5) Business Days.

  • Rover agrees to credit such reservation rates to the Fixed Negotiated Reservation Rate otherwise payable under Article 1.

  • If the Actual Cost is less than $37,700,001 or greater than $38,200,000, then the above‐stated Negotiated Reservation Rate shall be replaced with the negotiated reservation rate determined in accordance with table below.

  • During the fifteen (15) year primary term of this agreement (“Primary Term”), Buyer shall pay Seller a negotiated daily reservation rate of $0.0526 per dt/day (“Negotiated Reservation Rate”); provided, however, that the Negotiated Reservation Rate shall be subject to being revised pursuant to the following paragraph.

  • The Negotiated Reservation Rate is applicable to the receipt and (or) delivery points (POI) listed.

  • If any other points are used either on a primary or alternate basis in any month, the Phase 2 Negotiated Reservation Rate set forth above will not be applicable to the Highest Day Entitlement.

  • Such initial Negotiated Reservation Rate is based on Eastern Shore’s current estimate of the capital investment of approximately $93 million required to complete the Project.


More Definitions of Negotiated Reservation Rate

Negotiated Reservation Rate means the negotiated rate set forth in Exhibit A, attached hereto and incorporated herein.
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Related to Negotiated Reservation Rate

  • Replacement Reference Rate means a reference rate which is:

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Calculation Rate For each Distribution Date, in the case of the Class A and Class B Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding Class A and Class B Interests, treating each Class A Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class.

  • Auction Rate means the rate of interest per annum that results from implementation of the Auction Procedures and is determined as described in Section 2.5.1(c)(ii) hereof.

  • HICP Daily Inflation Reference Index means (A) in relation to the first day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 28.00% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.

  • Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of: 0.25%) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.

  • Advance Rates shall have the meaning set forth in Section 2.1(a) hereof.

  • PJM Region Installed Reserve Margin means the percent installed reserve margin for the PJM Region required pursuant to RAA, Schedule 4.1, as approved by the PJM Board.

  • Advance Rate has the meaning assigned to such term in Section 5.13.

  • Floor Area Ratio (FAR) means the quotient obtained by dividing the total covered area (plinth area) on all floors by the area of plot.

  • Unadjusted Reference Interest Rate Replacement means the Reference Interest Rate Replacement excluding the Reference Interest Rate Replacement Adjustment.

  • Securitization Rate means, with respect to a 2019-B Lease, an annualized rate that is equal to 7.00%.

  • Reset Reference Rate means, in relation to a Reset Determination Date and subject to Condition 5(b)(iii) and Condition 5(c)(v), if applicable:

  • Activated reserve components means members of the reserve component of the uniformed services who have received a notice of intent to deploy or mobilize under Title 10 of the United States Code, Title 32 of the United States Code, or state mobilization to active duty.

  • Required Reserves at any time means the product of (x) the Net Pool Balance and (y) the greater of (I) 13.00% and (II) the sum of (a) the Yield Reserve Ratio, plus (b) the Servicing Fee Reserve Ratio, plus (c) the greater of (i) the sum of the Loss Reserve Ratio and the Dilution Reserve Ratio and (ii) the Minimum Reserve Ratio, each as in effect at such time.

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Capitation rate means the fee the department pays monthly to an HMO for each enrolled recipient for the provision of covered medical and health services whether or not the enrolled recipient received services during the month for which the fee is intended.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Reference Interest Rate Replacement Adjustment means the first alternative set forth in the order below that can be determined by the Issuer or its designee as of the Reference Interest Rate Replacement Date:

  • Applicable Interest Rate means, (i) with respect to each Revolving Credit Advance and Term Loan Advance, the Eurodollar-based Rate or the Base Rate, and (ii) with respect to each Swing Line Advance, the Base Rate or, if made available to the Borrower by the Swing Line Lender at its option, the Quoted Rate, in each case as selected by the Borrower from time to time subject to the terms and conditions of this Agreement.

  • Additional Cut-Off Date means (a) with respect to Lump Addition Accounts or Participation Interests, the date specified as such in the notice delivered with respect thereto pursuant to Section 2.09(d) and (b) with respect to New Accounts, the date on which such New Accounts are originated.