Test Rate definition

Test Rate means a daily volume of oil, gas or condensate at which a well produced to a pipeline or tank battery within that well’s first month of production based on information obtained from public sources or from the operator.

Test Rate means the minimum interest rate necessary to avoid imputation of original issue discount income under Sections 483 or 1272 of the Code or any similar provision.

Test Rate means an interest rate equal to the greater of (x) the then current yield on the 10-year United States Treasury Note plus the Test Rate Spread, and (y) the then current LIBO Rate plus the Test Rate Spread.

Examples of Test Rate in a sentence

• If the Cure Rate of the Open Loop Mode is less than the Open Loop Xxxxx Rate, and Owner has paid Charterer the liquidated damages as provided in section 3.4(a), the Cure Rate of the Open Loop Mode shall become the Open Loop Xxxxx Rate; provided that the Open Loop Xxxxx Rate after adjustment shall not be less than the Test Rate for the Open Loop Mode or ***** mmscf/d, whichever is greater.

• If the Cure Rate of the Combined Mode is less than the Combined Mode Xxxxx Rate, and Owner has paid Charterer the liquidated damages as provided in section 3.4(a), the Cure Rate of the Combined Mode shall become the Combined Mode Xxxxx Rate; provided that the Combined Mode Xxxxx Rate after adjustment shall not be less than the Test Rate for the Combined Mode or ***** mmscf/d, whichever is greater.

• Direct Administrative Costs - Materials Test Rate The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I.

• The formulas used in module B are:• Test Rate = Test Method TR * Tester Resource• Defect Detection Rate = Test Rate * Test Method DD The Test Method is divided into Test Method TR for the testing rate, in which the unit is KLOC/day, and Test Method DD for the defect detection rate, in which the unit is the number of defects/KLOC.

• The model calculates benefit- cost results for each of the major and nationally-defined perspectives: Participant Test, Rate Impact Test, Total Resource Cost Test, and the Utility System Resource Cost Test, as well as the Cost of Conserved Energy.

More Definitions of Test Rate

Test Rate has the meaning set out in section 3.4(a).

Test Rate means the lowest annual rate of interest which will not result in the imputation of additional interest under the applicable provision of the Code.

Test Rate means the lowest rate of interest which will not result in the imputation of additional interest under the applicable provision of the Code. (s) "TRANSFEREE" shall mean any person to whom the Optionee has directly or indirectly transferred any Share acquired under this Agreement.

Test Rate. As defined in Section 10.2.

Test Rate has the meaning set out in Clause 7(b).

Test Rate. As defined in Section 10.2(c)(ii). TDH: Texas Department of Health.

Test Rate. As defined in Section 10.2(c)(ii). Unsuitable for its Primary Intended Use: By reason of damage or destruction, or a partial Taking by Condemnation, the Facility cannot be operated on a commercially practicable basis for its Primary Intended Use, taking into account, all relevant factors, and the effect of such damage or destruction or partial Taking.