Test Rate definition

Test Rate means a daily volume of oil, gas or condensate at which a well produced to a pipeline or tank battery within that well’s first month of production based on information obtained from public sources or from the operator.

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Test Rate means the minimum interest rate necessary to avoid imputation of original issue discount income under Sections 483 or 1272 of the Code or any similar provision.

Test Rate means an interest rate equal to the greater of (x) the then current yield on the 10-year United States Treasury Note plus the Test Rate Spread and (y) the then current LIBO Rate plus the Test Rate Spread.

Examples of Test Rate in a sentence

• If the Cure Rate of the Open Loop Mode is less than the Open Loop ▇▇▇▇▇ Rate, and Owner has paid Charterer the liquidated damages as provided in section 3.4(a), the Cure Rate of the Open Loop Mode shall become the Open Loop ▇▇▇▇▇ Rate; provided that the Open Loop ▇▇▇▇▇ Rate after adjustment shall not be less than the Test Rate for the Open Loop Mode or ***** mmscf/d, whichever is greater.

• If the Cure Rate of the Combined Mode is less than the Combined Mode ▇▇▇▇▇ Rate, and Owner has paid Charterer the liquidated damages as provided in section 3.4(a), the Cure Rate of the Combined Mode shall become the Combined Mode ▇▇▇▇▇ Rate; provided that the Combined Mode ▇▇▇▇▇ Rate after adjustment shall not be less than the Test Rate for the Combined Mode or ***** mmscf/d, whichever is greater.

• Direct Administrative Costs - Materials Test Rate The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I.

• Such note shall bear interest at a fixed rate equal to the Test Rate and shall be deducted from the Optionee's wages each pay period.

• Material ▇▇▇▇-Up—[**] Labor Rate— Assembly Rate is [**] Test Rate is [**].

More Definitions of Test Rate

Test Rate has the meaning set out in section 3.4(a).

Test Rate means the lowest annual rate of interest which will not result in the imputation of additional interest under the applicable provision of the Code.

Test Rate means the lowest rate of interest which will not result in the imputation of additional interest under the applicable provision of the Code. (s) "TRANSFEREE" shall mean any person to whom the Optionee has directly or indirectly transferred any Share acquired under this Agreement.

Test Rate. As defined in Section 10.2.

Test Rate has the meaning set out in Clause 7(b).

Test Rate means, except as otherwise determined by the Committee with respect to future periods, a rate equal to the monthly average of the Merrill Lynch Government Master Treasury Bond Index (Ten Plus Years).

Test Rate has the meaning set forth in Section 9.2(b)(ii).