Renewal Rate means the fair market price for electricity generated by solar PV systems as determined by agreement of the Parties or through the appraisal process applicable to the purchase option contained in this Agreement.
Renewal Rate means the Lease Rate established for any Renewal Date as set forth in Section 12.2(c).
Renewal Rate means, at any date, for the four-quarter period immediately preceding, and including, the most recent quarter for which reports under Section 6 below have been received by Lender: (a) the total dollar value (determined on an annualized basis) of subscription contracts of Borrower and Related Companies that were renewed during such period (and, in Lender’s Good Faith Business Judgment, during the two-week period following the end of such period), including any incremental value of subscription contracts due to upsells or cross sells; divided by (b) the total dollar value (determined on an annualized basis) of subscription contracts of Borrower and Related Companies that were up for renewal during such period. (If such reports have not been received by the date due therefor, Lender may adjust the Advance Rate in its Good Faith Business Judgment.)
Examples of Renewal Rate in a sentence
Notwithstanding the foregoing, in the event that Purchaser elects to renew this Agreement pursuant to Section 8.3, Purchaser shall pay the Renewal Rate for Energy provided during such renewal period.
Upon prior written notice to Seller at least one-hundred eighty (180) days prior to the expiration of this Agreement, Purchaser shall have the option to renew the term of this Agreement for one (1) additional five (5) year period at the Renewal Rate escalated annually at a rate mutually agreed to by the parties.
More Definitions of Renewal Rate
Renewal Rate means, as of the beginning of any Renewal Term, the Fair Market Value for the provision of Solar Services at the Property during such Renewal Term, as agreed between the Parties prior to the beginning of such Renewal Term. Except as provided in Section 2.1, the Renewal Rate shall be the kWh Rate with applicable escalation, as continuing from the final year of the expiring Term. Upon the establishment of any new kWh Rate, Schedule 4 to the Appendix shall be amended to reflect such new kWh Rate.
Renewal Rate means as to any Performance Period, the percentage of customer contracts that were renewed.
Renewal Rate means, as of the beginning of any Renewal Term, the rate for the provision of Solar Services at the Property during such Renewal Term, as agreed between the Parties prior to the beginning of such Renewal Term. Except as provided in Section 2.1, the Renewal Rate shall be the kWh Rate with applicable escalation, as continuing from the final year of the expiring Term. Upon the establishment of any new kWh Rate, Schedule 4 to the Appendix shall be amended to reflect such new kWh Rate.
Renewal Rate means, at any date, for the four-quarter period immediately preceding, and including, the most recent quarter for which reports under Section 6 below have been received by Lender: (a) the trailing four quarter subscription recognized revenue in dollars of Borrower and Related Companies, deducting subscription revenue generated from new customers during that given period; divided by (b) the prior annual trailing four quarter period subscription recognized revenue in dollars of Borrower and Related Companies. (If such reports have not been received by the date due therefor, Lender may adjust the Advance Rate in its Good Faith Business Judgment.)
Renewal Rate means the lesser of $0.078 per kWh, or 40% of the then current retail cost of electricity, on a volumetric, kWh basis for the Site from the local electric utility, including the cost of power provided by the utility or any third party and the cost of transmission, distribution, and other on-xxxx charges from the local electric utility.
Renewal Rate means the then existing Basic Annual Rent plus the then existing Improvement Rent, if applicable, adjusted upward in an amount equal to three percent (3.0%) of the then existing Basic Annual Rent plus the then existing Improvement Rent, if applicable.