Incremental Rate definition

Incremental Rate. For an Incremental Rate Mortgage Loan, the per annum increase to the initial Mortgage Interest Rate set forth in the addendum to the related Mortgage Note, which increase takes effect upon the occurrence of certain specified conditions prior to the first Adjustment Date and remains in effect until the first Adjustment Date.
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Incremental Rate has the meaning given to that term in Schedule 5 (Additional Information);
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Incremental Rate. Not applicable.
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Examples of Incremental Rate in a sentence

  • In addition to the Negotiated Monthly Base Reservation Rate, Shipper shall pay Natural an incremental volumetric daily reservation rate for all quantities transported on a firm basis on any day to the Incremental Rate Secondary Delivery Points set forth in this Section 1.8, subject to the applicable maximum rate set forth in Natural’s FERC Gas Tariff, as may be revised from time to time, for service to such point.

  • Further, each Additional SVOD Program licensed as SVOD Included Programs pursuant to this Section 4.1.3 are excluded from the SVOD Annual Minimum Fees set forth in Section 6.2.1 below and thus the SVOD License Fee for each such Additional SVOD Program shall be equal to the amount set forth in the applicable Rate Card (subject to any Incremental Rate Card Increases, if applicable).

  • The Parties further agree that the Teleglobe Swap Incremental Rate shall apply to each Conversation Minute of US Switched Minute Terminations in the Teleglobe Swap Incremental Volume that is not used to determine the Bell Matched Incremental Volume.

  • Upon giving notice not later than 10 a.m., local time, of the date of borrowing, conversion, or renewal, NCP Eight shall receive a Prime Rate Loan bearing interest on the outstanding principal amount thereof at a rate equal to the Prime Rate plus 1.00 percent per annum or such Incremental Rate as authorized by Section 3.4.3 below.

  • Rate is equal to the $/Dth rate stated under the Rate Schedule KRF-1 for Firm Incremental Rate Service related to the 2003/2010 expansion project.

  • LIBOR Rate Loans shall bear interest at the LIBOR Rate, plus 3.00 percent per annum, or such Incremental Rate as authorized by Section 3.4.3 below.


More Definitions of Incremental Rate

Incremental Rate means the incremental rate per tonne for maximum gross weights between the immediately preceding maximum gross weight and the immediately following gross weight (if any).
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Incremental Rate has the meaning given to that term in Schedule 5 (Additional Information); “Insolvency Event” shall be deemed to have occurred with respect to a Person if either:
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Incremental Rate. The Contractor will be paid the firm monthly rate for the Management, Operation and Maintenance Services provided. SHOULD THE RATE BE CHARGEABLE, as described therein, in accordance with articles 5 and 6 below.
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Incremental Rate. With respect to any Pool 2 Mortgage Loan and any Distribution Date, a per annum rate ranging from 0.125% to 0.500% by which the Mortgage Rate is increased on such Mortgage Loan during the related Due Period due to the related Mortgagor's ceasing to satisfy certain banking relationships with Wells Fargo Bank, N.A.
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