Applicable Daily Rate definition

Applicable Daily Rate means the prime rate as in effect from time to time at the American National Bank, Chicago, Illinois, plus 4%, divided by 360.
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Applicable Daily Rate means the prime rate as in effect from time to time at Xxxxx Fargo Bank, National Association, plus 2%, divided by 360.
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Applicable Daily Rate means the prime rate as in effect from time to time
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Examples of Applicable Daily Rate in a sentence

  • The NTS Exit Capacity Charge payable by a User in respect of each Day will be determined for each NTS Exit Point as the amount of its Registered NTS Exit Capacity multiplied by the Applicable Daily Rate.

  • The NTS Exit (Flat) Capacity Charge payable by a User in respect of each Day will be determined for each NTS Exit Point, and each class and each allocation of NTS Exit (Flat) Capacity, as the amount of the User's Registered NTS Exit (Flat) Capacity registered (pursuant to such allocation) multiplied by the Applicable Daily Rate.

  • The LDZ Capacity Charge payable by a User in respect of each Day will be determined (for each LDZ System Exit Point) as the amount of its Registered LDZ Capacity multiplied by the Applicable Daily Rate.

  • The Applicable Rate is: [Contract Period] and the Applicable Daily Rate is the Applicable Rate divided by the number of Days in the Contract Period.

  • Notwithstanding the effect of a Capacity Transfer pursuant to Clause 9.2 of the GTCs, the Capacity Charge payable by the Customer in respect of each Day of the Contract Period shall be the Applicable Daily Rate (in pence per therm) multiplied by the Customer’s Space (in therms) for that Day.

  • NTS Capacity at an Interconnection Point allocated pursuant to an alternative allocation mechanism under EID Section E,for a given Gas Year (the “ capacity year”), irrespective of the Gas Year in which the Allocation Process was held, the Applicable Daily Rate of the Capacity Charge payable by Users in respect of such NTS Exit (Flat) Capacity shall be equal to the Reserve Price determined in respect of the capacity year.

  • The Exit Transmission Services Revenue Recovery Charge payable by a User or National Grid NTS in respect of each Day will be determined for each NTS System Exit Point as the User’s Fully Adjusted Available NTS Exit (Flat) Capacity multiplied by the Applicable Daily Rate of such charge as determined in accordance with Section 3 of the NTS Transportation Charging Methodology and set out in the Transportation Statement.

  • As is the case under UNC Modification 0678A in relation to Existing Registered Holdings the Applicable Daily Rate for NTS Entry Capacity and the Entry Transmission Services Revenue Charges are not applied.

  • The Entry Transmission Services Revenue Recovery Charge payable by a User or National Grid NTS in respect of each Day will be determined for each Aggregate System Entry Point as the User’s Fully Adjusted Available NTS Entry Capacity, Excluding Existing Available Holding, multiplied by the Applicable Daily Rate for such charge as determined in accordance with Section 3 of the NTS Transportation Charging Methodology and set out in the Transportation Statement.

  • In relation to each Gas Year, the Applicable Daily Rate of the Exit Transmission Services Revenue Recovery Charge (ExRRCy, to be expressed as a daily rate in p/kWh/Day) is determined as follows: ExRRCy = FExRDy / FAFExCy where, for the Gas Year: FExRDy is Forecast Exit Revenue Difference; and FAFExCy is Forecast Aggregate Fully-Adjusted Exit Capacity.


More Definitions of Applicable Daily Rate

Applicable Daily Rate means: in respect of System Capacity, the Applicable Daily Rate (in pence per kWh/Day) of the relevant Capacity Charge; in respect of Storage Space, the Applicable Storage Space Charge Rate (in pence per kWh of Storage Space for a Storage Year) divided by 365; in respect of Storage Deliverability, the Applicable Storage Deliverability Charge Rate (in pence per kWh/Day of Storage Deliverability for a Storage Year) divided by 365; and in respect of Storage Injectability, the Applicable Storage Injectability Charge Rate (in pence per kWh/Day of Storage Injectability for a Storage Year) divided by 365;
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Applicable Daily Rate means the rate of 5% per month divided by 30.
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Related to Applicable Daily Rate

  • Daily Rate means the rate specified as such in the Reference Rate Terms.

  • Daily Rate Period means a period commencing on one Business Day and extending to, but not including, the next succeeding Business Day, during which Multi-Modal Bonds bear interest at the Daily Rate.

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable Commitment Fee Rate means:

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Applicable Treasury Rate means the yield to maturity at the time of computation of United States Treas- ury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days prior to the redemption date (or, if such statistical release is not so published or available or such information is not available thereon, any publicly available source of similar market data selected by the Company in good faith)) most nearly equal to the period from the redemption date to April 1, 2021; provided, however, that if the period from the redemption date to April 1, 2021 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Applicable Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the redemption date to such applicable date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • daily rate of pay means an employee’s weekly rate of pay divided by five (5);

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Weekly Rate means the Interest Rate Mode for the Bonds in which the interest rate on such Bonds is determined weekly in accordance with Section 2.02(c)(iii).

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Applicable Base Rate Margin means, with respect to ABR Loans of any Series at any time, the percentage rate per annum specified as the “Applicable Base Rate Margin” for such Series at such time, as determined pursuant to the Pricing Schedule.

  • 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:

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • Money Market Yield means a yield (expressed as a percentage) calculated in accordance with the following formula: Money Market Yield = D x 360 x 100 360 – (D x M) where “D” refers to the applicable per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the applicable Interest Reset Period.

  • Applicable ABR Margin means, at any date:

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Letter of Credit Fee Rate means, at any time, the percentage rate per annum applicable to Letter of Credit Fees at such time as set forth in the Pricing Schedule.