Variable Rate definition

Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.48%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

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Variable Rate means, for any day, the higher of (a) the Federal Funds Rate for such day plus 1/4 of one percent and (b) the Prime Rate for such day.

Variable Rate shall have the respective meaning as it is defined for each facility under Section 2, hereof.

Examples of Variable Rate in a sentence

• The Variable Rate may be lower or higher than the Fixed Rate, fixed rates offered by Company, the Utility’s pricing or “price to compare”, rates offered by other third party suppliers, and wholesale market rates, and, furthermore, the Variable Rate may not fluctuate in relation to any of the aforementioned rates.

• The Company may reference either a Fixed Rate or Variable Rate in this Agreement as “Rate”.

• B.) If you are a small commercial customer, for any Fixed Rate plan you have selected, you may receive notice from Direct Energy between thirty (30) and sixty (60) days prior to the end of your Term that you will be automatically enrolled on either: (i) the Fixed Rate plan provided in the notice, or (ii) the Variable Rate plan available at such time.

• Variable Rates may change on each monthly bill cycle and may be higher or lower each month based on business and market conditions ("Variable Rate").

• THERE IS NO LIMIT TO THE VARIABLE RATE, AND IT MAY BE HIGHER Variable Rate Plan: THE VARIABLE RATE PLAN IS A MONTH-TO-MONTH PLAN BASED ON A VARIABLE RATE METHODOLOGY WHICH SHALL REFLECT, FOR EACH MONTH, THE COST OF ELECTRICITY OBTAINED FROM ALL SOURCES (INCLUDING ENERGY, CAPACITY, SETTLEMENT, ANCILLARIES), RELATED TRANSMISSION IF APPLICABLE, AND OTHER MARKET-RELATED FACTORS, PLUS ALL APPLICABLE TAXES, FEES, CHARGES OR OTHER ASSESSMENTS, AND MAJOR ENERGY’S COSTS, EXPENSES AND MARGINS.

More Definitions of Variable Rate

Variable Rate means a per annum rate equal at all times to the Prime Rate plus the Applicable Margin for Prime Rate Loans, with changes therein to be effective simultaneously without notice or demand of any kind with any change in the Prime Rate.

Variable Rate means that the per-unit kWh charge for electric power and energy service changes at any time during the term of the contract but does not change more than once per month.

Variable Rate means the variable rate of interest per annum, including the Initial Rate, borne by each Subclass of Auction Rate Notes during the Initial Period for such Subclass, and each Interest Period thereafter as such rate of interest is determined in accordance with the provisions of Article II of this Appendix A.

Variable Rate means the variable rate of interest per annum, including the Initial Rate, borne by each class of Auction Rate Notes during the Initial Period for such class, and each Accrual Period thereafter as such rate of interest is determined in accordance with the provisions of Article II of this Appendix A-2.

Variable Rate means the rate per annum equal to the Prime Rate per annum as in effect from time to time. The Variable Rate will change on each day that the "Prime Rate" changes.

Variable Rate means a variable interest rate or rates to be borne by a Series of Bonds or any one or more maturities within a Series of Bonds, as such variable interest rate is determined in accordance with Section 15(n)(iii) (Hedging and Variable Rate Bonds).

Variable Rate means, as the context requires, the Initial Rate, the Weekly Rate, the Monthly Rate, the Quarterly Rate, the Semiannual Rate, or Term Rate applicable to the Bonds.