Burn Rate definition
Examples of Burn Rate in a sentence
As of the Closing Date, the projected Cash Burn Rate of eSylvan (based on the then most recent budget as adjusted for actions taken subsequent to the date thereof) for the one year period following the Closing Date is not greater than $4,000,000.
To the extent that the actual Fuel Burn Rate exceeds the Planned Fuel Burn Rate for any month, then Midwest will calculate the Excess Fuel Cost as follows: Midwest will invoice SkyWest for the Excess Fuel Cost, if any, on a monthly basis, and deduct any Excess Fuel Cost from the next payment due to SkyWest pursuant to Section 5.02(b).
Only Base Points and Additional Points that expire after twelve (12) months are taken into consideration when calculating the Burn Rate.
Midwest will calculate the actual Fuel Burn Rate each month based on the information from Sections 5.05(a) and (b), as well as the actual fuel price paid, inclusive of all taxes and into-plane fees, and net of any hedge benefit or detriment.
Midwest’s obligation for payment for fuel, pursuant to Sections 5.05(a) and (b) is limited to the Planned Fuel Burn Rate.