Variable Rate Plan definition

Variable Rate Plan. A plan where your rate may vary according to market conditions.
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Variable Rate Plan. If your Contract Summary indicates that you have chosen a Variable Rate electric product, the rate for the electricity supplied pursuant to this Agreement may change monthly at IDT Energy’s discretion. When setting rates, IDT Energy will consider numerous factors including, but not limited to, current conditions on the PJM wholesale electricity market, the cost of obtaining electricity from all sources, capacity costs, settlement costs, costs of ancillary services, hedging costs, balancing costs, line loss costs, costs to comply with any applicable Renewable Portfolio Standards, IDT Energy’s expenses and margins, and all applicable taxes, fees, or assessments. The Variable Rate may be higher or lower than the Local Utility’s rate in any particular month or over the duration of this Agreement, and IDT Energy cannot guarantee savings as compared to the Local Utility’s rates. There is no limit on how much the IDT Energy Variable Rate may change from one billing cycle to the next.
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Variable Rate Plan. A month-to-month plan where your rate may vary according to market or business conditions.
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Examples of Variable Rate Plan in a sentence

  • Variable Rate Plan: YOU WILL PAY THE VARIABLE RATE PER KWH AS SPECIFIED IN YOUR CONTRACT SUMMARY FOR THE FIRST BILLING CYCLE.

  • You may terminate a Variable Rate Plan at any time and no ETF will apply unless otherwise detailed in your Contract Summary.

  • Variable Rate Plan: YOU WILL PAY THE VARIABLE RATE PER CCF, MCF, THERM, OR DEKATHERM, AS SPECIFIED IN YOUR CONTRACT SUMMARY FOR THE FIRST BILLING CYCLE.

  • You may terminate a Variable Rate Plan at any time and no termination fee will apply unless otherwise detailed in your Enrollment Documentation.

  • Fixed Rate Plan: The customer will pay the fixed rate noted in the Contract Summary for the length of the Initial Term Variable Rate Plan: The customer will pay a variable rate that may change month-to-month according (but not limited to) business requirements, market conditions, and commodity costs in your service territory.

  • Upon completion of the initial term of the Agreement, THE AGREEMENT WILL AUTOMATICALLY RENEW ON A NEW FIXED RATE PLAN FOR A NEW TERM UNTIL CANCELED BY YOU OR COMPANY IN ACCORDANCE WITH SECTION 5 BELOW.Variable Rate Plan: If you enroll in a Variable Rate Plan, then you will pay a variable price per therm as specified in your UDS.

  • You may terminate a Variable Rate Plan at any time and no Termination Fee will apply unless otherwise detailed in your Enrollment Documentation.

  • Upon completion of the initial term of the Agreement, THE AGREEMENT WILL AUTOMATICALLY RENEW ON A NEW FIXED RATE PLAN FOR A NEW TERM UNTIL CANCELED BY YOU OR COMPANY IN ACCORDANCE WITH SECTION 5 BELOW.Variable Rate Plan: If you enroll in a Variable Rate Plan, then you will pay a variable price per kWh as specified in your UDS.

  • Non-Indexed Variable Rate Plan: THE RATE FOR MONTHLY NON-INDEXED VARIABLE RATE PRODUCT MAY BE ADJUSTED MONTHLY AT THE SOLE DISCRETION OF MAJOR ENERGY, DURING CUSTOMER’S BILLING CYCLE.

  • Thereafter, you will receive Spark Energy’s standard Variable Rate Plan.


More Definitions of Variable Rate Plan

Variable Rate Plan. We may offer you an Introductory APR for Purchases and/or Cash Advances for an “Introductory Period”. The APR(s) and the corresponding Daily Periodic Rate(s) during the Introductory Period will be identified in the Insert. On the expiration of the Introductory Period, if any, each Daily Periodic Rate used to compute Finance Charges will be determined in accordance with a variable rate plan.The APR applied to Purchases and Cash Advances may vary from month to month and will be calculated by adding the applicable Margin to the applicable Index. The initial Margin(s) for Purchases and Cash Advances are set forth in the Insert. The Insert also shows the Daily Periodic Rate(s) and APR(s) (using the Index and Margin(s)) that would have applied in the absence of the Introductory Rate. An increase in the Daily Periodic Rate (and the corresponding APR) may occur if the Index increases or the Margin increases, but the combined Index and Margin will not exceed the maximum allowable by Applicable State Law. If the Index or Margin changes, the new Daily Periodic Rate(s) (and corresponding APR(s)) will apply to all amounts subject to Finance Charges as of the first day of the billing cycle shown on your next monthly statement.The Daily Periodic Rate(s) for Purchases and Cash Advances in effect for each billing cycle will be disclosed on your monthly statement for that billing cycle.We may change any Margin applicable to your Account from time to time.We will notify you of any new Margin prior to the effective date of any Margin change.
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Variable Rate Plan. : means a fluctuating rate within the contracted period. Any load aggregation plan established shall provide for the following:
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Related to Variable Rate Plan

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.68%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Variable Rate Transaction shall have the meaning ascribed to such term in Section 4.12(b).

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Variable Rate Indebtedness means any portion of indebtedness or other payment obligations, the interest rate on which is not established at the time of incurrence and has not at some subsequent date been established at a single numerical rate for the entire term thereof.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on July 1, 2020 and ending on and including June 30, 2025 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including June 30 in the fifth year thereafter.

  • Weekly Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Weekly Rate.

  • Maximum Applicable Rate with respect to APS, has the meaning set forth in Section 11.10(a)(vii) of these Bylaws.

  • Special Rate Period with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Articles Supplementary.

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2, 3 or 6 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than One Hundred Thousand Dollars ($100,000.00); and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Term Rate Period means any period of time during which a Group of 2024 Series A Variable Rate Bonds bears interest at the Term Rate.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Daily Rate Period means any period of time during which a Group of 2023 Series B Variable Rate Bonds bears interest at the Daily Rate.

  • available rate of exchange means the rate at which the Creditor Party concerned is able at the opening of business (London time) on the Business Day after it receives the sum concerned to purchase the Contractual Currency with the Payment Currency. This Clause 21.4 creates a separate liability of the Borrower which is distinct from its other liabilities under the Finance Documents and which shall not be merged in any judgment or order relating to those other liabilities.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;