Operating Rate definition

Operating Rate has the meaning given in Appendix A, Section 1.2(a).
Sample 1
Operating Rate means the Operating Rate, Reduced Operating Rate, the Re-Drill Rate and the Force Majeure Rate (each as defined in the MDO Contract);
Sample 1
Operating Rate means the Operating Rate, the Reduced Operating Rate, the Rig Moving Rate, the Remedial Work Rate and the Force Majeure Rate (each as defined in the Drilling Contract);
Sample 1

Examples of Operating Rate in a sentence

  • Rental rates for Equipment will be paid on an hourly basis for Equipment and for attachments according to the following formula: Hourly Rate = + Hourly Operating Rate Some attachments are considered "standard Equipment" and are already included in the monthly base rate for the Equipment.

  • Operating Rate is payable from the Commencement Date onwards, unless superseded by one of the other rates (including no rate whatsoever) contained in this Contract, and will continue during the term of this Contract.

  • See “SECTION X: OTHER INFORMATION—Litigation—Taxes.” Comparison of Real Estate Tax Levies, Tax Limits and Tax Rates Levy Within Operating Debt Service Debt Service Levy as aPercentage of OperatingLevy Within Operating Limit as aPercentage of Operating Rate Per$100 of Full Average Tax Rate Per $100 ofFiscal Year Total Levy(1)LimitLevy(2)Total LevyLimitLimitValuation(3) Assessed Valuation (Dollars in Millions, except for Tax Rates)2014 .

  • The Operating Rate shall continue to be payable throughout the duration of the Contract, except as herein otherwise provided.

  • See “SECTION X: OTHER INFORMATION—Litigation—Taxes.”Comparison of Real Estate Tax Levies, Tax Limits and Tax Rates Levy Within Operating Debt Service Debt Service Levy as aPercentage of OperatingLevy Within Operating Limit as aPercentage of Operating Rate Per$100 of Full Average Tax Rate Per $100 ofFiscal Year Total Levy(1)LimitLevy(2)Total LevyLimitLimitValuation(3) Assessed Valuation (Dollars in Millions, except for Tax Rates)2013 .

  • For each renewal year, the Equipment Operating Rate, defined elsewhere in this contract, will be adjusted up or down according to the adjustment percentage provided by the Bureau of Labor Statistics CPI inflation Calculator.

  • See “SECTION X: OTHER INFORMATION—Litigation—Taxes.” COMPARISON OF REAL ESTATE TAX LEVIES, TAX LIMITS AND TAX RATESLevy WithinLevy Within Operating Debt ServiceDebt Service Levy as aPercentage of OperatingOperating Limit as a Percentage of Operating Rate Per$100 of Full Average Tax Rate Per $100 ofFiscal Year Total Levy(1)LimitLevy(2)Total LevyLimitLimitValuation(3) Assessed Valuation (Dollars in Millions, except for Tax Rates)2012 .

  • Except when some other rate provided in the Drilling Order applies, in particular during Turnkey operations, the Operating Rate will be payable during the term of this Agreement.

  • The Operating Rate specified in Appendix A will first become payable from the moment when the Drilling Unit arrives at the first drilling location and commences either jacking operations or running anchors (whichever is applicable).

  • However the Company shall not continue to pay the Operating Rate in the case that the Republic of Kazakhstan Technical Inspection Board shuts the Drilling Unit for safety or similar reasons.


More Definitions of Operating Rate

Operating Rate shall have the meaning set forth in sub-clause 5.3(a) of Section 5.
Sample 1
Operating Rate shall be the amount per day payable for the normal performance of the Drilling Unit Services. The Operating Rate shall apply for the Drilling Services from the Operations Commencement Date until the Drilling Unit’s last anchor is racked or transponder retrieved and the Drilling Unit has been released by Operator’s Representative from the first Location. The Operating Rate shall not apply during provisioning, deprovisioning, stand-by, moving, or during any periods of shut down however caused. In particular shutdown for revalidation of certification, compliance with regulations, or rejection of equipment shall be payable at Nil Rate. Cessation of operations in order to slip, cut or change the drilling line or routine lubrication for routine maintenance purposes which cannot be safely and properly carried out without suspending the Drilling Unit Services shall not be deemed to be shut down for the purposes of this sub-clause. The Operating Rate shall apply in a similar manner at each subsequent Location.
Sample 1
Operating Rate means the actual production of a facility divided by production capacity, in a certain period of time;
Sample 1
Operating Rate means, during any particular 12-month period of any particular mill producing newsprint, a percentage determined by multiplying 100 by a fraction (i) the numerator of which is the number of days in such 12-month period in which the mill operates (“Operating Days”) which number shall include days of Operating Maintenance, and (ii) the denominator of which is the actual number of calendar days in any particular 12-month period.
Sample 1

Related to Operating Rate

  • Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

  • Ceiling Rate means, with respect to any Calculation Period, the rate set forth as the “Ceiling Rate” on the attached Schedule I.

  • Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Pricing Rate the per annum percentage rate for determination of the Price Differential;

  • Expense Rate As to each Mortgage Loan, the sum of the Master Servicing Fee Rate and the Trustee Fee Rate.

  • Crediting Rate means the notional gains and losses credited on the Participant’s Account balance which are based on the Participant’s choice among the investment alternatives made available by the Committee pursuant to Section 3.3 of the Plan.

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • Reinvestment Rate means .25% (one-fourth of one percent) plus the arithmetic mean of the yields under the respective headings “This Week” and “Last Week” published in the Statistical Release under the caption “Treasury Constant Maturities” for the maturity (rounded to the nearest month) corresponding to the remaining life to maturity, as of the payment date of the principal being redeemed or paid. If no maturity exactly corresponds to such maturity, yields for the two published maturities most closely corresponding to such maturity shall be calculated pursuant to the immediately preceding sentence and the Reinvestment Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounding in each of such relevant periods to the nearest month. For the purposes of calculating the Reinvestment Rate, the most recent Statistical Release published prior to the date of determination of the Make-Whole Amount shall be used.

  • Cap Rate For each Calculation Period, as set forth for such period on Schedule I attached hereto. Floating Rate for initial Calculation Period: To be determined Floating Rate Day Count Fraction: Actual/360 Floating Rate Option: USD-LIBOR-BBA, provided, however, if the Floating Rate Option for a Calculation Period is greater than 10.00% then the Floating Rate Option for such Calculation Period shall be deemed equal to 10.00%.

  • Net Rate With respect to each Mortgage Loan, the Mortgage Interest Rate in effect from time to time less the Aggregate Expense Rate (expressed as a per annum rate).

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen

  • Servicing Rate means 1.00% per annum.

  • 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.

  • Adjusted Base Rate means the Base Rate plus the Applicable Percentage.

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.

  • Excess Rate With respect to each ARD Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable Mortgage Rate, each as set forth in the Mortgage Loan Schedule.

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by Xxxxx Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • Rental Rate means the average annualized composite rate for United States treasury bonds issued for periods of ten years and longer plus two percent. The rental rate shall not exceed ten and three-quarters percent nor fall below eight and one-quarter percent.

  • Lease Rate means for each 20[__]-[__] Lease, the rent charge portion of each Monthly Payment, calculated on a constant yield basis at an imputed interest rate.

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the Reserve Percentage.