Disbursement Rate definition

Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

Disbursement Rate means the price per MWh of Energy output delivered by the QFCP Generator to a Delivery Point(s) designated by the Company pursuant to the terms of this Service Classification, as set forth in Section I herein.

Disbursement Rate means an annual rate of interest equal to the Prime Rate plus one percentage point (1%).

Examples of Disbursement Rate in a sentence

• Disbursement RatesThe Company, acting in its role as the agent for collection of amounts due QFCP Generator and disbursement of such amounts to QFCP Generator, shall collect from customers and disburse to QFCP Generator hereunder the Disbursement Rate.

• As of the date of acceptance for filing by the Delaware PSC of this Service Classification, the Disbursement Rate shall be as follows:$166.87 per MWH for QFCP Generators with an Initial Delivery Date commencing during calendar years 2011, 2012, 2013 or 2014.

• The Company shall make disbursements to the QFCP Generator in accordance with this Service Classification based on the Disbursement Rate, which amount shall be adjusted as set forth herein.

• If such offset cannot be made because the Term has expired prior to application in full thereof, Landlord shall pay the unapplied balance of such offset to Tenant, together with interest at the Disbursement Rate, which interest shall accrue from the date of payment by Tenant until the date of payment by Landlord.

• If the annual Percentage Rent for such preceding Fiscal Year as shown in the annual statement is less than the amount previously paid with respect thereto by Tenant, Tenant shall be entitled to offset the amount of such difference against Rent next coming due under this Agreement, such payment or credit to be made together with interest at the Disbursement Rate, which interest shall accrue from the date of payment of Tenant until the date such offset is applied.

More Definitions of Disbursement Rate

Disbursement Rate means the rate specified in Section (5)(C) of the Loan Authorization Agreement for each category of Collateral.

Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (i) the Interest Rate and (ii) the per annum rate for ten (10) year U.S. Treasury Obligations as published in THE WALL STREET JOURNAL plus three hundred fifty (350) basis points.

Disbursement Rate shall have the meaning ascribed to such term in the Lease.

Disbursement Rate means a per annum rate equal to the greater of (i) the sum of the per annum rate for fifteen (15) year U.S. Treasury Obligations as published in THE WALL STREET JOURNAL, plus four hundred thirty (430) basis points and (ii) nine and five-tenths percent (9.5%).

Disbursement Rate means (a) with respect to all of the Properties other than the Holiday Properties, an annual rate of interest, as of the date of determination, equal to the greater of (i) the Interest Rate, and (ii) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus four hundred (400) basis points, and (b) with respect to the Holiday Properties, an annual rate of interest, as of the date of determination, equal to the greater of (i) the Interest Rate, and (ii) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred twenty-five (325) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

Disbursement Rate means (a) with respect to all of the Properties other than the Hermitage Properties and the Holiday Properties, an annual rate of interest, as of the date of determination, equal to the greater of (i) the Interest Rate, and (ii) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus four hundred (400) basis points, and (b) with respect to the Hermitage Properties and the Holiday Properties, an annual rate of interest, as of the date of determination, equal to the greater of (i) the Interest Rate, and (ii) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred twenty-five (325) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

Disbursement Rate means an annual rate of interest, as of the ----------------- date of determination, equal to the greater of (i) the Interest Rate and (ii) the per annum rate for fifteen (15) year U.S. Treasury Obligations as published in The Wall Street Journal plus four hundred fifty (450) basis points. -----------------------