Standby Rate definition

Standby Rate means the 3 Month London Interbank Offered Rate as published on the Reuters Screen LIBOR01 (or any successor thereto) at approximately 11 am (London time) [*]. [*]
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Standby Rate. The following pricing shall apply to the Goods after the Standard Rate Period (as defined in the Subcontractor Agreement): ___________________
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Standby Rate has the meaning given in Appendix I, Section A(2)(B).
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Examples of Standby Rate in a sentence

  • TPSs that have subscribed to Standby for their Essential Use Customers are not subject to Unauthorized Use Charges for volumes that are within the limits of their Standby Service but will be billed the Standby Rate determined at month end.

  • No payment at the Designated Rate or Standby Rate will be authorized until the vehicle is back in operating status.

  • The Contractor is not eligible for payment (at Standby Rate or at the Designated Rate) until equipment is brought into compliance by the Contractor, as solely determined by VDOT.

  • A retail End-Use Customer of the Participating TO that receives Standby Service and pays a Standby Rate.

  • During the period of maintenance power, the charge of $.60 per kW per day under the Optional Standby Rate shall be waived.


More Definitions of Standby Rate

Standby Rate means the relevant rate identified as such in item 3 of the Agreement Details. "Supplier" means the person identified as the "Supplier" in the Agreement Details. "Suspension" has the meaning given to that term in clause 3.8.
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Standby Rate is the standby rate as set out in the Plant Hire Out Agreement Details and shall apply when the Equipment is in full operating condition as required by this Agreement and available for use by the Hirer but the Hirer does not require the use of the Equipment at that time.
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Standby Rate means the sum set out as such in Section I – Remuneration. 
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Standby Rate. The Standby Rate is 75% of the Scheduled Rate. Xxxxxxx is for a "second" or additional back-up pump to be running in the event the primary pump cannot. If the standby pump operates for any reason other than failure of a primary pump, the Scheduled Rate will apply.
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Standby Rate means the price per unit (kWh), excluding GST, charged by the Supplier for production and delivery of electricity from standby diesel generating sources to Customer Point of Supply at times other than when the hydroelectric generating sources are operating. The Standby Rate shall be 40c/kWh at the time of the signing of this agreement and any change in the Standby Rate shall be notified three months in advance of the change coming into effect. The Supplier shall substantiate the basis for the change in the Standby Rate; and
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Standby Rate means 50% of the Rental Charge and will apply at the absolute discretion of the Hirer.
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Standby Rate in relation to a drawing for a particular period, the Standby Lender's per annum offered rate in the London Interbank Market at or about 11.00 a.m. on the second London Banking Day before the first day of such period for deposits in an amount approximately equal to the amount of such drawing for a period equivalent to such period; or
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