Disbursement Rate definition

Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

Disbursement Rate means the price per MWh of Energy output delivered by the QFCP Generator to a Delivery Point(s) designated by the Company pursuant to the terms of this Service Classification, as set forth in Section I herein.

Disbursement Rate means an annual rate of interest equal to the Prime Rate plus one percentage point (1%).

Examples of Disbursement Rate in a sentence

• If such offset cannot be made because the Term has expired prior to application in full thereof, Landlord shall pay the unapplied balance of such offset to Tenant, together with interest at the Disbursement Rate, which interest shall accrue from the date of payment by Tenant until the date of payment by Landlord.

• If the annual Percentage Rent for such preceding Fiscal Year as shown in the annual statement is less than the amount previously paid with respect thereto by Tenant, Tenant shall be entitled to offset the amount of such difference against Rent next coming due under this Agreement, such payment or credit to be made together with interest at the Disbursement Rate, which interest shall accrue from the date of payment of Tenant until the date such offset is applied.

• If any audit by Landlord discloses an overpayment of any amounts to Tenant and/or Operator, as applicable, Tenant and/or Operator, as applicable, shall promptly pay Landlord such amounts found to be due, plus interest thereon at the Disbursement Rate from the date such amounts should originally have been paid.

• If, however, the audit discloses that Tenant and/or Operator has not received any amounts due it, Landlord shall pay to Tenant and/or Operator, as applicable, such amounts, plus interest thereon at the Disbursement Rate from the date such amounts should originally have been paid.

• If such a credit cannot be made because the Term has expired before the credit can be applied in full Landlord shall pay the unapplied balance of such credit to Tenant, together with interest at the Disbursement Rate, which interest shall accrue from the date of payment by Tenant until the date of payment from Landlord.

More Definitions of Disbursement Rate

Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (i) the Interest Rate and (ii) the per annum rate for fifteen (15) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred fifty (350) basis points.

Disbursement Rate means the rate specified in Section (5)(C) of the Loan Authorization Agreement for each category of Collateral.

Disbursement Rate shall have the meaning ascribed to such term in the Lease.

Disbursement Rate means a per annum rate equal to the greater of (x) nine (9%) percent and (y) the sum of the rate for fifteen (15) year U.S. Treasury Obligations, as published in THE WALL STREET JOURNAL, plus three hundred eighty (380) basis points.

Disbursement Rate means (a) with respect to all of the Properties other than the Holiday Properties, an annual rate of interest, as of the date of determination, equal to the greater of (i) the Interest Rate, and (ii) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus four hundred (400) basis points, and (b) with respect to the Holiday Properties, an annual rate of interest, as of the date of determination, equal to the greater of (i) the Interest Rate, and (ii) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred twenty-five (325) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

Disbursement Rate means (a) with respect to all of the Properties other than the Hermitage Properties and the Holiday Properties, an annual rate of interest, as of the date of determination, equal to the greater of (i) the Interest Rate, and (ii) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus four hundred (400) basis points, and (b) with respect to the Hermitage Properties and the Holiday Properties, an annual rate of interest, as of the date of determination, equal to the greater of (i) the Interest Rate, and (ii) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred twenty-five (325) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

Disbursement Rate means as of the date of determination, (i) an annual rate of interest equal to, 10.5% during the period from the Commencement Date through the Common Tenth Anniversary Date and (ii) provided Landlord elects to increase Minimum Rent as provided in Section 3.1 hereof, for the first Lease Year of the Term following the Common Tenth Anniversary Date, 10.5% as increased by that percentage equal to the positive change in the Extension Index preceding such Lease Year over the Beginning Index, and for each Lease Year thereafter, the applicable Disbursement Rate for the Lease Year prior to such Lease Year as increased by that percentage equal to the positive change in the Extension Index preceding such Lease Year over the Extension Index preceding the Lease Year prior to such Lease Year.