Renewal Rate definition

Renewal Rate means the fair market price for electricity generated by solar PV systems as determined by agreement of the Parties or through the appraisal process applicable to the purchase option contained in this Agreement.

Renewal Rate means the Lease Rate established for the Renewal Date pursuant to Section 12.2(c).

Renewal Rate means, at any date, for the four-quarter period immediately preceding, and including, the most recent quarter for which reports under Section 6 below have been received by Lender: (a) the total dollar value (determined on an annualized basis) of subscription contracts of Borrower and Related Companies that were renewed during such period (and, in Lender’s Good Faith Business Judgment, during the two-week period following the end of such period), including any incremental value of subscription contracts due to upsells or cross sells; divided by (b) the total dollar value (determined on an annualized basis) of subscription contracts of Borrower and Related Companies that were up for renewal during such period. (If such reports have not been received by the date due therefor, Lender may adjust the Advance Rate in its Good Faith Business Judgment.)

Examples of Renewal Rate in a sentence

• Upon prior written notice to Provider at least one- hundred eighty (180) days prior to the Expiration Date with respect to a System, Customer shall have the option to renew the term of this Agreement with respect to the System for one (1) additional five (5)-year period at the Renewal Rate.

• Customer shall pay Provider for the Energy provided pursuant to the terms of this Agreement at the rates per kWh (the “kWh Rates”) set forth in Exhibit C, plus any adjustments required pursuant to Section 3.1.1, plus any additional amount required pursuant to Section 6.2. Notwithstanding the foregoing, in the event that Customer elects to renew this Agreement pursuant Section 10.3.1, Customer shall pay the Renewal Rate for Energy delivered during such renewal period.

• Upon prior written notice to Provider at least one-hundred eighty (180) days prior to the Expiration Date, Customer has the option to renew the term of this Agreement with respect to the System and Solar Services for one (1) additional three (3)-year period at the Renewal Rate.

• Customer shall pay Provider for the Energy provided pursuant to the terms of this Agreement at the rate per kWh (the “kWh Rate”) set forth in Schedule C for the Term of this Agreement, plus any adjustments required pursuant to Section 3.1.1, plus any additional amount required pursuant to Section 6.2. Notwithstanding the foregoing, in the event that Customer elects to renew this Agreement pursuant Section 10.3.1, Customer shall pay the Renewal Rate for Energy delivered during such renewal period.

• Effective as of the Renewal Date, the Base Rent will be changed to equal 1/12th of the product of [i] the Lease Amount on the Renewal Date times [ii] the new Lease Rate equal to the Renewal Rate.

More Definitions of Renewal Rate

Renewal Rate means as to any Performance Period, the percentage of customer contracts that were renewed.

Renewal Rate means, as of the beginning of any Renewal Term, the Fair Market Value for the provision of Solar Services at the Property during such Renewal Term, as agreed between the Parties prior to the beginning of such Renewal Term. Except as provided in Section 2.1, the Renewal Rate shall be the kWh Rate with applicable escalation, as continuing from the final year of the expiring Term. Upon the establishment of any new kWh Rate, Schedule 4 to the Appendix shall be amended to reflect such new kWh Rate.

Renewal Rate means, as of the beginning of any Renewal Term, the rate for the provision of Solar Services at the Property during such Renewal Term, as agreed between the Parties prior to the beginning of such Renewal Term. Except as provided in Section 2.1, the Renewal Rate shall be the kWh Rate with applicable escalation, as continuing from the final year of the expiring Term. Upon the establishment of any new kWh Rate, Schedule 4 to the Appendix shall be amended to reflect such new kWh Rate.

Renewal Rate means the then existing Basic Annual Rent plus the then existing Improvement Rent, if applicable, adjusted upward in an amount equal to three percent (3.0%) of the then existing Basic Annual Rent plus the then existing Improvement Rent, if applicable.

Renewal Rate means the lesser of $0.078 per kWh, or 40% of the then current retail cost of electricity, on a volumetric, kWh basis for the Site from the local electric utility, including the cost of power provided by the utility or any third party and the cost of transmission, distribution, and other on-xxxx charges from the local electric utility.

Renewal Rate means, at any date, for the four-quarter period immediately preceding, and including, the most recent quarter for which reports under Section 6 below have been received by Lender: (a) the trailing four quarter subscription recognized revenue in dollars of Borrower and Related Companies, deducting subscription revenue generated from new customers during that given period; divided by (b) the prior annual trailing four quarter period subscription recognized revenue in dollars of Borrower and Related Companies. (If such reports have not been received by the date due therefor, Lender may adjust the Advance Rate in its Good Faith Business Judgment.)

Renewal Rate means the fair market price for electricity generated by solar photovoltaic systems as determined by agreement of the Parties or through the appraisal process applicable to the Purchase Option contained in this Agreement.