Daily Spread definition

Daily Spread is defined in Article 10.5;
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Daily Spread means plus 2.22 per cent. per annum, subject to adjustment pursuant to Special Conditions (II) and (III) below.
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Examples of Daily Spread in a sentence

  • Index-Based Volumetric Rate: Index-Based Volumetric Rate = (Net Daily Spread - Index Spread Adjustment) Where: Net Daily Spread = (KRGT-Del Pool - KRGT-Rec Pool - Applicable Fuel - Applicable Surcharges).

  • Daily Index-Based Volumetric Rate: Index-Based Volumetric Rate = Net Daily Spread where: ▇▇▇▇▇▇▇ agrees to pay Transporter 60% of the value derived from the following spread: Net Daily Spread = ((The higher of Transco, Zone 5 del.

  • Daily Index-Based Volumetric Rate: Index-Based Volumetric Rate = Net Daily Spread where: ▇▇▇▇▇▇▇ agrees to pay Transporter 50% of the value derived from the following spread: Net Daily Spread = Columbia Gas, App.

  • Daily Index-Based Volumetric Rate: Index-Based Volumetric Rate = Net Daily Spread where: Shipper agrees to pay Transporter 50% of the value derived from the following spread: Net Daily Spread = TCO-▇▇▇▇▇ (where TCO-▇▇▇▇▇ = Columbia Gas, App.

  • The negotiated daily reservation/demand rate applicable to Shippers DMDQ shall be calculated as shown below: Daily Reservation/Demand Rate = (Net Daily Spread - Index Spread Adjustment) Where: Net Daily Spread = ((Kern River, delivered price - Kern River, ▇▇▇▇ ▇▇▇▇▇) - (fuel used and lost and unaccounted-for gas percentage under Rate Schedule KRF-1 for incremental rate service related to the 2003/2010 Expansion Projects * Kern River, ▇▇▇▇ ▇▇▇▇▇) - (Applicable Commodity + Applicable Surcharges)).

  • This 12.0 Hour Maximum Daily Spread will be scheduled between 5:10 a.m. and 6:10 p.m. daily.

  • The required Maximum Daily Spread for School Bus Drivers’ with guaranteed base hours of 30 – 40 hours shall be limited to 12.0 Hours.

  • Index Spread Adjustment = $0.0200 per Dth for Net Daily Spread of up to $0.4000; $0.0400 per Dth for Net Daily Spread of $0.4001 to $0.5817; Net Daily Spread x 10% after Net Daily Spread exceeds $0.5817.

Related to Daily Spread

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Fixed Spread means the Bank’s fixed spread in effect at 12:01 a.m. Washington, D.C. time, one calendar day prior to the date of the Loan Agreement, for the Currency of denomination of such amount.”

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • Applicable Spread means, in connection with the Maximum Rate for any Rate Period (and subject to adjustment as described in the definition of Maximum Rate) (i) when there is not a Failed Remarketing Condition, 200 basis points (2.00%), and (ii) while a Failed Remarketing Condition has occurred or is continuing, 200 basis points (2.00%) (up to 59 days of a continued Failed Remarketing Condition), 225 basis points (2.25%) (sixty (60) days but fewer than ninety (90) days of a continued Failed Remarketing Condition), 250 basis points (2.50%) (ninety (90) days but fewer than 120 days of a continued Failed Remarketing Condition), 275 basis points (2.75%) (120 days but fewer than 150 days of a continued Failed Remarketing Condition), 300 basis points (3.00%) (150 days but fewer than 180 days of a continued Failed Remarketing Condition), and 400 basis points (4.00%) (180 days or more of a continued Failed Remarketing Condition); provided that, if at any time when the Applicable Spread is 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) and the Failed Remarketing Condition no longer exists due to the successful remarketing of all Purchased VRDP Shares, then such Applicable Spread of 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) will continue to be the Applicable Spread in connection with determining the Maximum Rate in effect for each Rate Period commencing with the first Subsequent Rate Period after the Failed Remarketing Condition no longer exists through and including the first Subsequent Rate Period ending on or after the 45th day after the day the Failed Remarketing Condition no longer exists; provided, further, that (i) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 225 basis points (2.25%), the date such new Failed Remarketing Condition occurs will be deemed to be the 60th day of a continued Failed Remarketing Condition, (ii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 250 basis points (2.50%), the date such new Failed Remarketing Condition occurs will be deemed to be the 90th day of a continued Failed Remarketing Condition, (iii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 275 basis points (2.75%), the date such new Failed Remarketing Condition occurs will be deemed to be the 120th day of a continued Failed Remarketing Condition, (iv) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 300 basis points (3.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 150th day of a continued Failed Remarketing Condition and (v) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 400 basis points (4.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 180th day of a continued Failed Remarketing Condition, in each case, solely for purposes of determining the Applicable Spread.

  • LIBOR Spread means, at any date or any period of determination, the LIBOR Spread that would be in effect on such date or during such period pursuant to the chart set forth in Section 2.22 based on the rating of the Borrower's senior unsecured long-term debt.