Formula Rate Sample Clauses

Formula Rate. The Formula Rate for the Monthly Contract Price consists of the following components and will be determined on a Monthly basis for each Buyer as follows: Monthly Contract Price ($/mo) = FPP ($/mo) + FOM ($/mo) + VOM ($/kWh) * Net Energy (kWh/mo) + FC ($/mo) + CRA ($/mo) - NESC ($/mo) - OPC ($/mo) + CPA ($/mo) - RCLC + ORF ($/mo) where : FPP = Fixed Project Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part A FOM = Fixed Operations & Maintenance Payment, expressed in dollars per month for the Project Cost categories listed in Exhibit 5.2(d), Part B VOM = Variable Operations & Maintenance Payment, expressed in dollars per kilowatt hour, for the Project Cost categories listed in Exhibit 5.2(d), Part C FC = Fuel Cost Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part D CRA = Capital Replacement and Additions, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part E NESC = Net Energy Sales Credit, expressed in dollars per month OPC = Other Products Credit, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part F CPA = Contract Price Adjustment, expressed in dollars per month, as defined in section 5.2(d)(ix). RCLC = Rate Cap Limit Credit, calculated as set forth in section 6.3. ORF = Ordered Reconciliation Factor, expressed in dollars per month, as defined in Section 5.2(f).
AutoNDA by SimpleDocs
Formula Rate. 12 Class A-6 Distribution Amount.....................................................................12 Class A-6 Interest Carry Forward Amount...........................................................12
Formula Rate. 20 GreenPoint..............................................................................................20

Related to Formula Rate

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Applicable Interest Rates (a) U.S.

  • Inability to Determine Applicable Interest Rate In the event that Administrative Agent shall have determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Borrower and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded by Borrower.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Interest Rates (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Time is Money Join Law Insider Premium to draft better contracts faster.