Fixed Rates definition
Examples of Fixed Rates in a sentence
If Customer has selected an Electricity Fixed Rate on the Application, Customer’s Price will be based on the Fixed Rate(s) which includes Local and State taxes, Gross Receipts Tax (GRT), PJM Adjustment (defined below) charges and adjustments and Utility applied charges and/or fees related to generation, plus the Administration Charge, which includes, Electricity Balancing Amount and third party utility and billing charges.
If Customer has selected a Gas Fixed Rate, Customer’s Price will be based on the Fixed Rate(s), plus the Administration Charge, set forth in the Application, which includes RITERATE ENERGY’s compressor fuel and transportation charges, administrative and transaction costs and the Gas Balancing Amount and any Regulatory Charges (defined below).
The resultant figure (including after application of any Fixed Coupon Amount or Broken Amount, as applicable, to the aggregate outstanding nominal amount of Fixed Rates Notes which are Registered Notes in definitive form or the Calculation Amount in the case of Fixed Rate Notes which are Bearer Notes in definitive form) shall be rounded to the nearest sub-unit of the relevant Specified Currency, half of any such sub-unit being rounded upwards or otherwise in accordance with applicable market convention.
Fixed Rates and Spreads are available for periods of not less than 4 (four) years or, in the absence of a repayment of principal during that period, not less than 3 (three) years.
Each Fixed Rate Note bears interest from (and including) the Interest Commencement Date at the rate(s) per annum equal to the Fixed Rate(s) of Interest.
The County and District shall have no obligation to pay any sum in excess of the Fixed Rates and Total Not to Exceed Contract Amount specified herein unless authorized by amendment in accordance with Articles 28 and 43 of the County Contract Terms and Conditions, which may require approval by the County Board of Supervisors.
The Agent's notice to the Borrower shall specify (1) the aggregate principal amount of the Competitive Bid Borrowing for which Competitive Bids have been received and (2) the respective principal amounts and the Fixed Rates and LIBOR Margins, as the case may be, so offered by each Designated Bidder (identifying the Designated Bidder that made each Competitive Bid).
The Remarketing Agent for such Bonds shall determine the Fixed Rate(s) not later than 4:00 p.m. New York City time on the Rate Determination Date therefor.
The Remarketing Agents shall make the Fixed Rates determined by them available by telephone to any Bondholder, the Borrower, the Issuer, the Trustee, the Tender Agent and the Credit Facility Providers (if any).
Not later than 12:00 noon, New York City time, on the Business Day immediately prior to the Mode Change Date, the Remarketing Agent for such Bonds shall determine the Fixed Rate(s) for such Bonds.