Allowance for Funds Used During Construction Sample Clauses

Allowance for Funds Used During Construction. (“AFUDC”) Subject to Paragraph 7 below, AFUDC will be calculated on a monthly basis by multiplying the cost of the construction work in progress, including any existing AFUDC balance, by a rate equal to EPI’s weighted average cost of capital using the capital structure specified in Paragraph 4(a), 1/12th of the annual XXX specified in Paragraph 4(d), and 1/12th of EPI’s annual weighted average cost of debt, including short term debt, borrowed under EPI's commercial paper program or drawn under EPI's bank credit facilities, specifically attributed to Xxxxxx Xxxxxxx Canada cost of construction work in progress. An example of the calculation of AFUDC using illustrative numbers is set forth in Schedule C attached hereto.
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Allowance for Funds Used During Construction. (“AFUDC”) Subject to Paragraph 7 below, AFUDC will be calculated on a monthly basis by multiplying the cost of the construction work in progress, including any existing AFUDC balance, by a rate equal to EPI’s weighted average cost of capital using the capital structure specified in Paragraph 4(a), 1/12th of the annual XXX specified in Paragraph 4(d), and 1/12th of EPI’s annual weighted average cost of debt, including short term debt, borrowed under EPI's commercial paper program or drawn under EPI's bank credit facilities, specifically attributed to the Line 4 Extension cost of construction work in progress. An example of the calculation of AFUDC using illustrative numbers is set forth in Schedule C attached hereto.
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Allowance for Funds Used During Construction. AFUDC"). Beginning with the implementation of new rates established in this Cause, the return on common equity rate used in the formula to calculate Allowance for Funds During Construction ("AFUDC") shall be based on the XXX cited paragraph number 2, above.
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Allowance for Funds Used During Construction. An allowance for funds used during construction (“AFUDC”) has been calculated by multiplying the Capital Costs and the Miscellaneous Capital Costs, as applicable, by a rate equal to Carrier’s weighted average cost of capital based on Carrier’s capital structure (determined in accordance with Section 8 of this Schedule B), the base annual rate of return on equity of 12% and the Project Debt Interest Rate (as defined in Section 10 of this Schedule B), and such allowance has been capitalized and included in the Rate Base.
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Allowance for Funds Used During Construction. Audit noted that there was no charge for Accounting for Funds Used During Construction (AFUDC) on the work order detail reports for the 2019 QCPAC projects and inquired as to whether or not the AFUDC was being calculated. The Company stated that, “As part of the 2019 PEU QCPAC filing we agreed that we would no longer calculate AFUDC and that we would replace the inclusion of AFUDC for a project total with the interest incurred on the [Fixed Asset Line of Credit] FALOC.” Audit verified that Order 26,313, dated December 6, 2019, stated that, “The AFUDC mechanism does not accurately reflect the financing costs that PEU incurs during the period of actual project construction. PEU and Staff further agreed that the actual interest expense incurred on the Company’s Line of Credit during construction is a more accurate measure of costs than AFUDC.” The Company reported the short-term interest on the CoBank FALOC, from July 2019 - July 2020, as totaling $40,401. This interest amount was a representation of interest from July 2019 through July 2020. The final amount of capitalized interest will not be known until the day the Company closes and pays off of the CoBank FALOC.
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Allowance for Funds Used During Construction. The Settling Parties agree that Liberty Utilities shall use an Allowance for Funds Used During Construction rate of 6.558%.
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Related to Allowance for Funds Used During Construction

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

  • Inability to Determine Applicable Interest Rate In the event that Administrative Agent shall have determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Borrower and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded by Borrower.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Allocations During the Rapid Amortization Period During the Rapid Amortization Period, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Investor Certificateholders and pay or deposit from the Collection Account the following amounts as set forth below:

  • Allocations During the Revolving Period During the Revolving Period, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Investor Certificateholders or the Holder of the Seller Interest and pay or deposit from the Collection Account the following amounts as set forth below:

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate.

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