Firm Rate definition
Examples of Firm Rate in a sentence
The Corporation will advise the Borrower as soon as practicable after it receives any request to withdraw a Firm Rate Quote whether or not the Corporation has consented to the withdrawal, and if the Borrower is required to pay any costs incurred by the Corporation in executing the withdrawal request.
Customer shall pay Southern LNG for service rendered hereunder in accordance with the Agreement, including any discounted or negotiated rate exhibit applicable hereto, the Firm Rate Scheduled and the applicable provisions of the GT&C of Sothern LNG’s Tariff as filed with the Commission, and as the same may be amended or superseded from time to time.
Unless Customer requests otherwise, Southern LNG shall provide to customer the filings Southern LNG makes at the Commission of such provisions of the GT&C or other matters relating to the Firm Rate Schedule.
In the event of any conflict between this Agreement and the Firm Rate Schedule, the terms of the Agreement shall govern as to the point of conflict.
Client: City of ▇▇▇▇▇▇▇ (the “Borrower”) Facility: Account: Client Reference: Western Australian Treasury Corporation (“Corporation”) Reference: This Firm Rate Quote for Advance is based on rates applying at [ ].
The Corporation agrees that the Borrower may with the prior consent of the Corporation use a Drawdown request for a Term Fixed Rate Advance substantially in the form of the “Form of Request for a Term Fixed Rate Advance (“Drawdown Notice”) attached to this Annexure instead of the Firm Rate quote specified in the Fourth Schedule hereto.
To accept the Terms of Advance and Repayment Schedule contained herein, the Acceptance of Firm Rate Quote for Advance must be signed by an Authorised Signatory of the Borrower and received by the Corporation no later than 11:00 am today, or such time as the Corporation may agree.
If a Quarterly Deficiency Quantity (as defined below) exists as of the end of any Quarterly Period, then Customer shall pay to Processor an amount equal to the product of (i) the Quarterly Deficiency Quantity for such Quarterly Period multiplied by (ii) the Applicable Firm Rate per MMBtu that would have been paid hereunder with respect to such Quarterly Deficiency Quantity had such Quarterly Deficiency Quantity been processed hereunder (such product being the “Deficiency Payment”).
FIRM RATE QUOTE: Once a signed acceptance of a Firm Rate Quote substantially in the form specified in the Fourth Schedule hereto is received by the Corporation, the acceptance is irrevocable and may not be withdrawn except with the prior written consent of the Corporation.