Refund rate definition

Refund rate means the rates at which interest is calculated for refunds to a member pursuant to Section 22-11-15 NMSA 1978, or to the beneficiary or estate of a member for refunds pursuant to Section 22-11-29 NMSA 1978. The refund rate shall be calculated based upon the process adopted by the board in its resolution entitled “the educational retirement board of trustees’ adoption of a revised process for calculating and credit interest for refunds”, June 4, 2010, or by a superseding resolution.
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Refund rate means the monthly percentage rate of refunds for a Product, which is calculated by dividing (a) the total dollar amount of refunds issued by T-Mobile or Company for a Product during a calendar month by (b) the total dollar amount invoiced by T-Mobile for the Products via Direct Billing during the same calendar month and multiplying the resulting quotient by 100 to get a percentage. DIRECT CARRIER BILLING ADDENDUM PAGE 1 OF 5 T-MOBILE USA, INC. PROPRIETARY AND CONFIDENTIAL FINAL – Execution Copy
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Refund rate means eight point zero per cent (8%) per annum.
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Examples of Refund rate in a sentence

  • Residents terminating their Agreement will be charged room rates based on the Refund/ Rate Schedule.

  • If there is a Positive Difference in Energy and the System performed above its Forecasted Annual Energy, JCI will debit Customer JCI Performance Guarantee Account with an amount equal to the difference between the Actual Energy and the Forecasted Annual Energy multiplied by the Refund Rate identified on Page 4 of this Agreement.

  • T-Mobile may, in its sole discretion, suspend Company’s Direct Billing privileges under this Addendum or suspend Direct Billing of a Product if T-Mobile reasonably believes that: (a) Company or a Product is not in compliance with applicable law or this Addendum (including the Direct Billing Guidelines) and such non-compliance is not remedied within the time period designated by T-Mobile (if any), or (b) the Refund Rate for a Product is higher than [*] for any [*] calendar month period.

  • If there is a Negative Difference in Energy, JCI will credit Customer JCI Performance Guarantee Account with an amount equal to the Negative Difference in Energy multiplied by the Refund Rate identified on Page 4 of this Agreement.

  • In the event such number of Impressions is not delivered within such *** (***) month period, AOL shall refund MP for the Final Shortfall not so delivered in an amount equal to the product of (x) the number of Impressions of the Final Shortfall not delivered, and (y) the Refund Rate.

  • If Microsoft elects option (a) above and has not delivered the Guaranteed Impressions by the end of the Second Period then Company will receive a refund in an amount equal to the Refund Rate times the amount of the shortage of Impressions (i.e. Guaranteed Impressions less the number of Impressions delivered by Microsoft through the end of the Second Period) within thirty (30) days of the end of the Second Period).

  • In the event that this total is a negative amount for any TAPS Carrier with respect to any of its shippers, the TAPS Carrier shall charge and the shipper shall pay to the TAPS Carrier the difference between the Interim Refund Rate and the FERC Tariff Settlement Rate with interest.

  • For clarity, from and after Closing, Purchaser shall be responsible for and shall control the defense of the Existing Refund Rate Litigation, provided that expenses incurred by Purchaser for the foregoing shall be subject to indemnification under Section 7.2(a)(v).