Supplemental Rate definition

Supplemental Rate. , for any financial year, means the sum of:-
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Supplemental Rate means the Supplemental Benefit Rate as described in Section
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Supplemental Rate means 15% per annum, provided that upon the first anniversary of the Amendment No. 10 Effective Date and on each six-month anniversary thereafter, the rate of interest then borne by the Supplemental Term Loans shall by increased, from the rate in effect on the immediately preceding day, by an additional 0.5%.
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Examples of Supplemental Rate in a sentence

  • Effective Period: 7/1/2015 - 6/30/2016 Wage Rate per Hour: $27.50 Supplemental Benefit Rate per Hour: $20.82 First and Second Year "M" Wage Rate Per Hour: $23.00 First and Second Year "M" Supplemental Rate: $18.56 Electrician "M" (Overtime After First 8 hours) "M" rated work shall be defined as jobbing: electrical work of limited duration and scope, also consisting of repairs and/or replacement of electrical and tele-data equipment.

  • Effective Period: 7/1/2015 - 6/30/2016 Wage Rate per Hour: $41.25 Supplemental Benefit Rate per Hour: $22.54 First and Second Year "M" Wage Rate Per Hour: $34.50 First and Second Year "M" Supplemental Rate: $20.00 Overtime Time and one half the regular rate after an 8 hour day.

  • Effective Period: 7/1/2017 - 5/9/2018 Wage Rate per Hour: $42.75 Supplemental Benefit Rate per Hour: $23.89 First and Second Year "M" Wage Rate Per Hour: $36.00 First and Second Year "M" Supplemental Rate: $21.30 Effective Period: 5/10/2018 - 6/30/2018 Wage Rate per Hour: $43.50 Supplemental Benefit Rate per Hour: $24.47 First and Second Year "M" Wage Rate Per Hour: $36.75 First and Second Year "M" Supplemental Rate: $21.84 Overtime Time and one half the regular rate after an 8 hour day.

  • In order to minimize the need for BPA and the parties to file duplicative arguments addressed in the WP-07 Supplemental ROD, all of the parties’ arguments and evidence submitted in the WP-07 Supplemental Rate Hearing related to the Lookback and BPA’s implementation of sections 7(b)(2) and (3) were incorporated by reference into the WP-10 administrative record.

  • Effective Period: 7/1/2016 - 5/10/2017 Wage Rate per Hour: $42.00 Supplemental Benefit Rate per Hour: $23.60 First and Second Year "M" Wage Rate Per Hour: $35.25 First and Second Year "M" Supplemental Rate: $21.01 Effective Period: 5/11/2017 - 6/30/2017 Wage Rate per Hour: $42.75 Supplemental Benefit Rate per Hour: $23.89 First and Second Year "M" Wage Rate Per Hour: $36.00 First and Second Year "M" Supplemental Rate: $21.30 Overtime Time and one half the regular rate after an 8 hour day.

  • In the WP– 07 Supplemental Rate Hearing, BPA proposed to revise its prospective WP–07 rates for FY 2009 (the third year of the rate period), replacing the costs of the 2000 REP Settlement Agreements with REP benefits calculated in accordance with sections 5(c) and 7(b)(2) of the Northwest Power Act.

  • Id. The IPUC states that that the xxxxxx balances are a disputed issue in the WP-07 Supplemental Rate Case.

  • At the conclusion of these meetings, BPA announced that it was commencing a section 7(i) process to determine whether and to what extent the 2000 REP Settlement Agreements caused illegal costs to be included in rates charged to the COUs. This proceeding, referred to as the WP–07 Supplemental Rate Hearing, began in February of 2008.

  • BPA does not 17 add an explicit 7(b)(3) Supplemental Rate Charge on the Slice sale of surplus power because the 18 effect of the 7(b)(3) allocation to the sale is incorporated into the PFp rate paid by Slice 19 customers.

  • The scalar is calculated by dividing the WP-10 7(b)(3) Supplemental Rate Charge 17 included in the IP and NR rates by the total REP benefit costs included in WP-10 rates.


More Definitions of Supplemental Rate

Supplemental Rate for a Plan Year shall mean an interest rate determined for each Plan Year by the Committee, in its sole discretion, which rate shall be determined on or before the first business day of the month that precedes the beginning of the Plan Year for which the rate applies.
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Supplemental Rate means the Supplemental Rate as described Section
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Supplemental Rate means (a) the additional rate then owing pursuant to Section 9.23 hereof, if any, plus (b) if the average daily Bxxxx Oil Price per barrel is equal to or greater than U.S.$80 and the average aggregate production volume of the Issuer and its Subsidiaries is equal to or greater than 3,000 barrels per day during a Measurement Period, then with respect to the Interest Payment Date immediately following such Measurement Period, a percentage equal to the sum of (i) the product of (A)(x) the average daily Bxxxx Oil Price per barrel during the Measurement Period divided by U.S.$80 plus the average aggregate barrels per day production volume of the Issuer and its Subsidiaries during such period divided by 3,000 minus (y) 2.0 and (B) 3.33333% plus (ii) 1.0%. For purposes of the definition of Supplemental Rate, the “Bxxxx Oil Price” shall mean the average of the high and low spot prices, in U.S. Dollars, of Bxxxx Xxxxx Oil as quoted in Pxxxx’x Crude Oil Marketwire (Key Benchmarks Section), and the “Measurement Period” shall mean the six-month period ending March 31 or September 30, as applicable, immediately prior to the respective Interest Payment Date.
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Related to Supplemental Rate

  • additional rate means the additional rate levied by the City of Cape Town on rateable properties within the designated boundaries of the Special Rating Area for purposes of raising funds for improving and upgrading that area, subject to any exemptions or permissible differentiation between categories of property, as contemplated in section 22(1) of the Rates Act, read with sections 8(1) and 12(2) of the By-Law;

  • Initial Rate means each rate of interest to be paid in an Initial Period as set forth in the Certificate.

  • Rental Rate means the average annualized composite rate for United States treasury bonds issued for periods of ten years and longer plus two percent. The rental rate shall not exceed ten and three-quarters percent nor fall below eight and one-quarter percent.

  • Market Rental Rate means the rate of Base Rent, calculated on a triple net basis, being charged for a new lease for comparable space (including all relevant factors such as size, age, location and condition of the premises and improvements in place therein) within buildings (including, but not limited to, the Building) within the Northwest Quadrant of Austin, Texas during the previous six (6) months. Within thirty (30) days after receipt of Tenant’s renewal notice (and any required supporting information), Landlord shall notify Tenant in writing of the Market Rental Rate. Within fifteen (15) days thereafter, Tenant shall notify Landlord that Tenant either (a) accepts Landlord’s renewal terms, in which event the parties shall promptly enter into an amendment to this Lease incorporating such terms or (b) rejects Landlord’s renewal terms. Failure of Tenant to respond within such fifteen (15) day period shall be deemed a rejection of Landlord’s terms. If Tenant rejects Landlord’s renewal terms, then within ten (10) days of such rejection, Landlord will (i) select a M.A.I. appraiser; (ii) Tenant will select a M.A.I. appraiser; and (iii) the two appraisers so selected shall agree upon a third M.A.I. appraiser (the “Third Appraiser”). Within thirty (30) days after the date the Third Appraiser is appointed: (x) the M.A.I. appraiser selected by Landlord shall submit a recommendation of the Market Rental Rate to the Third Appraiser; (y) the M.A.I. appraiser selected by Tenant shall submit a recommendation of the Market Rental Rate to the Third Appraiser; and (z) the Third Appraiser shall decide between the two recommendations so submitted, and the Market Rental Rate selected by the Third Appraiser shall be binding upon the parties. Each party will pay the cost of its own appraiser and one-half of the cost of the Third Appraiser. The failure of Tenant to exercise the Renewal Option within the time period set forth herein shall constitute a waiver and termination of such Renewal Option. This Renewal Option is personal to Tenant and is not assignable to any third parties, other than an affiliate of Tenant.

  • Final rate means an indirect cost rate applicable to a specified past period which is based on the actual allowable costs of the period. A final audited rate is not subject to adjustment.

  • Fair Market Rental Rate means the Monthly Base Rent equal to the monthly base rental per rentable square foot which a tenant would pay and which a willing landlord would accept for space comparable to the Premises in the Building and in other buildings of class A standards in Seaport Centre and along the Highway 101 corridor in Redwood City and Redwood Shores (the “Applicable Market”) for the period for which such rental is to be paid and for a lease on terms substantially similar to those of the Lease (including, without limitation, those applicable to Taxes, Operating Expenses and exclusions, but also considering so-called net and triple net leases, and leases utilizing operating expense stops or base years, and making appropriate adjustment between such leases and this Lease, as described below), based on prevailing market conditions in the Applicable Market at the time such determination is made (“Comparable Transactions”). Without limiting the generality of the foregoing, Comparable Transactions shall be for a term similar to the term of tenancy and for space comparable in use, floor levels, view and orientation, square footage and location within the Building and in the Applicable Market as the transaction for which Fair Market Rental Rate is being determined; however, leases of unusual or odd shaped spaces shall not be considered. In any determination of Fair Market Rental Rate, the stated or contract monthly net or base rental in Comparable Transactions shall be appropriately adjusted to take into account the different terms and conditions prevailing in such transactions and those present in the Lease, including, without limitation: (a) the extent to which average annual expenses and taxes per rentable square foot payable by tenants in Comparable Transactions vary from those payable by Tenant under the Lease, and so, for example, if the Lease provides for payment of Rent Adjustments and/or certain Operating Expenses on the basis of increases over a base year, then the rate of Monthly Base Rent under the Lease shall be based upon a step-up to change the calendar year which serves as the base year for calculation of the base for such Operating Expenses for the Option Term to be the full calendar year in which the Option Term commences, and such step-up shall be considered in the determination of the Fair Market Rental Rate; (b) tenant improvements, value of existing tenant improvements, the concessions, if any, being given by landlords in Comparable Transactions, such as parking charge abatement, free rent or rental abatement applicable after substantial completion of any tenant improvements (and no adjustment shall be made for any free or abated rent during any construction periods), loans at below-market interest rates, moving allowances, space planning allowances, lease takeover payments and work allowances, as compared to any tenant improvement, refurbishment or repainting allowance given to Tenant under the Lease for the space for which Fair Market Rental Rate is being determined; (c) the brokerage commissions, fees and bonuses payable by landlords in Comparable Transactions (whether to tenant’s agent, such landlord or any person or entity affiliated with such landlord), as compared to any such amounts payable by Landlord to the broker(s) identified with respect to the transaction for which Fair Market Rental Rate is being determined; (d) the time value of money; (e) any material difference between the definition of rentable area and the ratio of project rentable to useable square feet in Comparable Transactions, as compared to such figures applicable to the space for which Fair Market Rental Rate is being determined; and (f) the extent to which charges for parking by tenants in Comparable Transactions vary from those payable by Tenant under the Lease.

  • Replacement Reference Rate means a reference rate which is:

  • Supplemental Amount The amount deposited in the Supplemental Loan Account on the Closing Date, which shall equal $0.00.

  • Extension Rate means, for each distribution date following a Failed Remarketing with respect to the class A-5 notes if such notes are then in foreign exchange mode, the rate of interest payable to the related currency Swap Counterparty, generally not to exceed three-month LIBOR plus 0.75%, unless the remarketing agent, in consultation with the administrator, determine that market conditions or some other benefit to the trust requires a higher rate; provided that in each case the Rating Agency Condition is satisfied.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Supplemental Terms means the product specific supplemental terms and conditions which include additional or different terms and conditions to those in the Cloud GTCs for the provision of specific Cloud Services which are made available on http://www.sap.com/company/legal.

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • ANNUAL RATE ADJUST: MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 74.88200 --------------------------------------------------------------- 0 0030771968 MORTGAGORS: MEDINA CLAUDIO MEDINA GINA REGION CODE ADDRESS : 13512 GREENSTONE DRIVE 01 CITY : RANCHO CUCAMONGA STATE/ZIP : CA 91739 MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT : UNPAID BALANCE : 266,825.34 ANNUAL RATE ADJUST: MONTHLY P&I : 1,982.47 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 89.89800 --------------------------------------------------------------- 0 0030772065 MORTGAGORS: GOLD NEAL REGION CODE ADDRESS : 17 GLOUCESTER STREET, UNIT#9 01 CITY : BOSTON STATE/ZIP : MA 02215 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 49.34200 --------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,489,600.00 P & I AMT: 10,876.62 UPB AMT: 1,488,891.30 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 04/01/97 P.O. BOX 5260 TMS AG0004970430 00 01 03 04 PAGE: 76 CHERRY HILL, N.J. 08034 (800) 257-7818

  • Lease Rate means for each 2015-1 Lease, the rent charge portion of each Monthly Payment, calculated on a constant yield basis at an imputed interest rate.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Note shall have the meaning provided in Section 2.05(a).

  • Initial Rate Cap With respect to each Adjustable Rate Mortgage Loan and the initial Adjustment Date therefor, a number of percentage points per annum that is set forth in the Mortgage Loan Schedule and in the related Mortgage Note, which is the maximum amount by which the Mortgage Interest Rate for such Adjustable Rate Mortgage Loan may increase or decrease from the Mortgage Interest Rate in effect immediately prior to such Adjustment Date.

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Applicable Reference Rate means with respect to any Loan made in any currency, the rate indicated on Annex II under the heading “Applicable Reference Rate” for such currency.

  • Cap Rate For each Calculation Period, as set forth for such period on Schedule I attached hereto. Floating Rate for initial Calculation Period: To be determined Floating Rate Day Count Fraction: Actual/360 Floating Rate Option: USD-LIBOR-BBA, provided, however, if the Floating Rate Option for a Calculation Period is greater than 10.00% then the Floating Rate Option for such Calculation Period shall be deemed equal to 10.00%.

  • Collateral Rate means, for any Interest Period, the rate specified in the Loan Agreement.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.