Test Rate definition

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 ten (10) year United States Treasury Note plus the Test Rate Spread, and (y) the then current LIBO Rate plus the Test Rate Spread.

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.

Examples of Test Rate in a sentence

• If the Cure Rate of the Open Loop Mode is less than the Open Loop Xxxxx 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 Xxxxx Rate; provided that the Open Loop Xxxxx Rate after adjustment shall not be less than the Test Rate for the Open Loop Mode or ***** mmscf/d, whichever is greater.

• American Coal #3H-3 24-Hour Test Rate of 11 MMcfpd Chesapeake Shaw #5H Peak rate 2.9 Mmcfpd + 180 Bblpd of NGL + 770 Bblpd of oil Chesapeake Brown #10H Peak rate 1,445 Boepd (Inc.

• If the Cure Rate of the Combined Mode is less than the Combined Mode Xxxxx 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 Xxxxx Rate; provided that the Combined Mode Xxxxx Rate after adjustment shall not be less than the Test Rate for the Combined Mode or ***** mmscf/d, whichever is greater.

• 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.

• Such note shall bear interest at a rate not less than the applicable Test Rate.

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. (w) "TRANSFEREE" shall mean any person to whom the Optionee has directly or indirectly transferred any Share acquired under this Agreement.

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

Test Rate. As defined in Section 10.2.

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 means the minimum interest rate necessary to avoid imputation of original issue discount or interest income under Sections 483 or 1272 of the Code or any similar provision. Transaction Documents shall mean the documents listed on Schedule 1 hereto. Trustees shall mean the trustees of Landlord. TW Note shall mean, collectively, the Payment Obligation, dated as of even date herewith, by AMS in favor of AMS Holdings, Inc., a New York corporation, any guaranty thereof and the Real Estate Collateral Agreement (as defined therein), as each of the same may be amended, modified or supplemented from time to time. Unavoidable Delays shall mean delays due to strikes, lock-outs, inability to procure materials, power failure, acts of God, governmental restrictions, enemy action, civil commotion, unavoidable casualty or any other causes beyond the reasonable control of the party responsible for performing an obligation hereunder, but in no event to exceed forty-five (45) days (provided that lack of funds shall not be deemed a cause beyond the control of Tenant) so long as Tenant shall use reasonable efforts to alleviate the cause of such delay and thereafter promptly perform such obligation, and so long as, in any event, no permit, license, certificate of need or authorization necessary to operate such Leased Property for its Primary Intended Use is adversely affected or subject to any danger of revocation or termination. In no event shall Tenant's obligation to pay the Rent be affected by Unavoidable Delays. Unsuitable for its Primary Intended Use shall mean a state or condition of the Facility located at if applicable Leased Property such that (a) following any damage or destruction involv ing such Leased Property, such Leased Property cannot reasonably be expected to be restored to substantially the same condition as existed immediately before such damage or destruction, and as otherwise required by Section 10.2.4, within a period equal to eighteen (18) months following such damage or destruction or such shorter period of time as to which business interruption insurance is available to cover Rent and other costs related to such Leased Property following such damage or destruction, or (b) as the result of a partial taking by Condemnation, such Facility cannot be operated, in the good faith judgment of Landlord, on a commercially practicable basis for its Primary Intended Use taking into account, among other relevant factors, the number of usable beds, the amount of sq...