Sales Rate definition

Sales Rate means the volumetric distribution charge for deliveries to MichCon commercial customers, as approved from time to time by the MPSC. As of the date of this Agreement, the Sales Rate, Rate 1 in the Tariff, is $1.8179/Mcf.
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Sales Rate shall have the meaning ascribed to such term in Section 4.8.
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Examples of Sales Rate in a sentence

  • For the avoidance of doubt, as provided in the Omnibus Agreement, the Alternate Fuel Sales Rate will not be recalculated or adjusted on an annual basis or otherwise, in respect of an SHC Store, once Seller commences deliveries to such SHC Store pursuant to this Agreement.

  • Grantee shall have thirty (30) days from the date of the notice to elect to (x) acquire an additional increment of capacity or (y) pay Grantor for ACQ Overrun as follows: (1) for ACQ Overrun up to 5% of ACQ, Grantee shall pay 80 cents per Mcf; and (2) for ACQ Overrun in excess of 5% of ACQ, Grantee shall pay the Sales Rate in effect for the Contract Year in which such ACQ Overrun occurred.

  • New sales commissions rate of pay will be based upon the Designated Office New Sales Rate Band Table #2A & C.

  • CONCEPTUS shall pay OVION a royalty on Net Sales for the 10-year period consisting of October 1, 2003 to September 30, 2013 as follows: Cumulative Net Sales Rate -------------------- ---- 0 - $75,000,000 0% Over $75,000,000 3.25% The royalty shall be fully paid up after September 30, 2013.

  • For each Expansion Load to the extent actual volumes related to such Expansion Load exceed Committed ACQ (“Committed ACQ Overrun”), Grantee shall pay Grantor for each Committed ACQ Overrun as follows: (x) for Committed ACQ Overrun up to 5% of Committed ACQ, Grantee shall pay 80 cents per Mcf; and (y) for Committed ACQ Overrun in excess of 5% of Committed ACQ, Grantee shall pay the Sales Rate in effect for the Contract Year in which such Committed ACQ Overrun occurred.

  • Earnout Revenues, if any, exceeding the applicable Rate Step will be multiplied by the High Sales Rate.

  • For each period commencing on and including the day after the Target Date and ending on and excluding the first anniversary thereof, the Company shall maintain a Sales Rate for the Palo Pinto Assets that is not less than 75% of the Sales Rate achieved for the immediately preceding 12 month period.

  • This Power Sales Rate Schedule is applicable to electric services for all requirements for municipal use and redistribution to retail customers purchased in accordance with the provisions of the Power Sales Contract, other than those requirements purchased under Schedules ▇-▇, ▇-▇, ▇-▇, ▇-▇ and B-6.

  • Accordingly, the High Sales Rate will not apply unless and until the cumulative Earnout Revenues for a calendar year exceed the Rate Step.

  • Unless such GPM Entity is able to purchase fuel through a Pre-Existing Supply Agreement, the Partnership shall be obligated to distribute fuel to the newly acquired convenience stores in accordance with the terms and conditions set forth in the GPM Distribution Contract, other than the price for such fuel, which price shall be set at the Partnership’s cost to purchase such fuel plus the Alternate Fuel Sales Rate until such time, if any, as GPM and the Partnership agree to a fuel supply arrangement.