Default Rates definition

Default Rates means the rates applicable to large customers without a retail contract published at ▇▇▇.▇▇▇.▇▇ from time to time, or if not published, the rates AGL in its sole discretion determines are necessary to recover its costs or the costs of a Related Body Corporate of AGL, of acquiring electricity or hedging the cost of acquiring electricity in the National Market and selling electricity to the Customer, including internal costs of generation where relevant, plus a reasonable margin.
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Default Rates means the higher interest rates on purchases and on Cash Advances that will be charged if we do not receive payments from you on time, as disclosed to you on your Account's Disclosure Statement. "Grace Period Payment Amount" is the amount you must pay by your Payment Due Date in order to avoid interest on new purchases made during the applicable Statement Period (excluding new purchases that have been put into a Payment Plan). The Grace Period Payment Amount for the applicable Statement Period will be shown on your Account statement starting the first statement we provide following the creation of a Payment Plan, and will be calculated as follows: · New Balance on your monthly statement, · minus your Total Payment Plans balance that is shown on your monthly statement, · plus your Total Monthly Payment Plan Amount(s) that are due on your monthly statement.
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Default Rates means the rates set by AGL (and amended) from time to time, being the rates AGL in its sole discretion determines is necessary to recover its costs or the costs of a Related Body Corporate of AGL, of acquiring electricity or hedging the cost of acquiring electricity in the National Market and selling electricity to the Customer, plus a reasonable margin. Delivery of Electricity means the delivery of electricity through a Distribution System to, or in relation to, the Customer’s Premises.
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Examples of Default Rates in a sentence

  • During the continuance of a Monetary Default or an Event of Default, at the election of the Required Lenders, by notice to the Borrower, outstanding Borrowings shall bear interest at the applicable Default Rates until such Monetary Default or Event of Default ceases to exist or the Obligations are paid in full.

  • During the continuance of a Monetary Default or an Event of Default, at the election of the Required Lenders, by notice to Borrower, outstanding Advances shall bear interest at the applicable Default Rates until such Monetary Default or Event of Default ceases to exist or the Obligations are paid in full.

  • The rates listed therein as of the date of execution of this Agreement shall be referred to as the Default Rates.

  • The Port will be entitled to recover from Lessee all unpaid Rent or other payments and damages incurred because of Lessee’s default including, but not limited to, the costs of re-letting, including tenant improvements, necessary renovations or repairs, advertising, leasing commissions, and attorney’s fees and costs (“Termination Damages”), together with interest on all Termination Damages at the Default Rates from the date such Termination Damages are incurred by the Port until paid.

  • The Port will be entitled to recover from Concessionaire all unpaid Rent or other payments and damages incurred because of Concessionaire’s default including, but not limited to, the costs of re-letting, including tenant improvements, necessary renovations or repairs, advertising, leasing commissions, and attorney’s fees and costs (“Termination Damages”), together with interest on all Termination Damages at the Default Rates from the date such Termination Damages are incurred by the Port until paid.

  • During the continuance of a Monetary Default or any Event of Default, outstanding Advances shall bear interest at the applicable Default Rates until such Monetary Default or Event of Default ceases to exist or the Obligations are paid in full.

  • During the continuance of a Monetary Default or an Event of Default, at the election of the Majority Lenders, by notice to Borrower, outstanding Advances shall bear interest at the applicable Default Rates until such Monetary Default or Event of Default ceases to exist or the Obligations are paid in full.

  • As of the end of any Settlement Period, the average of the Annualized Default Rates for such Settlement Period and the two immediately preceding Settlement Periods shall exceed 3.5%.

  • Should the unadvanced portion of the Loan be insufficient to pay the sums expended or incurred by the Bank for any of the foregoing purposes, the amount of the deficiency shall be added to the indebtedness evidenced by the Note and in all events shall be secured by the lien of the Loan Documents and shall be paid by the Borrower to the Bank on demand with interest thereon at the respective Default Rates until paid.

  • Portfolio Default Rates....................................................


More Definitions of Default Rates

Default Rates shall have the meaning set forth in Section 2.3(c) hereof.
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Related to Default Rates

  • Default Rate means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted by applicable Laws.

  • Post-Default Rate means, (a) in respect of any principal of any Loan or any Reimbursement Obligation, the rate otherwise applicable plus an additional two percent (2.0%) per annum, and (b) with respect to any other Obligation, a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans plus two percent (2.0%).

  • Default Rate of Interest means a rate of interest per annum on any Obligations hereunder, equal to the sum of: (a) two percent (2%) and (b) the applicable increment over the Base Rate (as set forth in paragraph 8.1 hereof) plus the Base Rate, which the Lender shall be entitled to charge the Companies on all Obligations due the Lender by the Companies, as further set forth in Paragraph 10.2 of Section 10 of this Financing Agreement.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Non-default Rate means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.