FT Rate definition

FT Rate means the FT Rate in the Table of Effective Rates which has been set by the Company for service under Rate Schedule FT, Firm Transportation Service.
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FT Rate means, on any date, the rate published by the Financial Times (or any successor of it) as the preceding Business Day’s London Inter Bank Offer Rate for deposits in the currency of the relevant Loan and for a period of one month.
Sample 1

Examples of FT Rate in a sentence

  • Customer may be required to pay or cause Texas Gas to be paid for the installed cost of any new facilities required as contained in Sections 1.3, 1.4, and 1.5 of Texas Gas's FT Rate Schedule.

  • Customer may be required to pay or cause Texas Gas to be paid for the installed cost of any new facilities required as contained in Sections 1.3, 1.4, and 1.5 of Texas Gas's FT Rate Schedule and Section 30 of the General Terms and Conditions.

  • Buyer has been assigned a portion of CNG's capacity previously provided under FT Rate Schedule Service Agreement #.6156, and agrees to such assignment and assumes, in part, CNG's obligations pursuant to the Service Agreement and Seller's FT Rate Schedule of Vol.

  • Buyer has been assigned a portion of Columbia's capacity previously provided under the Transportation Agreement dated October 1, 1987 (System Contract 0.2256), and agrees to such assignment and assumes Columbia's obligations pursuant to the Service Agreement and Seller's FT Rate Schedule of Vol.

  • Buyer agrees not to exercise any rights it has under the FT Agreement or otherwise which would interfere in any way with Seller's ability to utilize a pro rata share of capacity entitlements under the FT Agreement(s), as set forth in Transco's FT Rate Schedule, ("Telescoped Rights") (including any associated upstream Rate Schedule IT or third party pipeline capacity entitlements) to arrange for the transportation of gas purchased and sold to Buyer hereunder.

  • This agreement supersedes and cancels as of the effective date hereof the following contract(s): FT Rate Schedule Service Agreement dated February 1, 1992 (System Contract 0.3167) between Transcontinental Gas Pipe Line Corporation and Columbia Gas Transmission.

  • Buyer has been assigned all National's capacity previously provided under FT Rate Schedule Contract #0.3698, and agrees to such assignment and assumes National's obligations pursuant to the Service Agreement and Seller's FT Rate Schedule of Vol.

  • Each month, Customer shall pay Texas Gas for the service hereunder an amount determined in accordance with Section 5 of Texas Gas's FT Rate Schedule contained in Texas Gas's FERC Gas Tariff, which Rate Schedule is by reference made a part of this Agreement.

  • Buyer has been assigned a portion of Columbia’s capacity previously provided under the Transportation Agreement dated October 1, 1987 (System Contract 0.2255), and agrees to such assignment and assumes Columbia’s obligations pursuant to the Service Agreement and Seller’s FT Rate Schedule of Vol.

  • Subject to the provisions of Transporter’s FT Rate Schedule, Transporter agrees to receive for Shipper’s account for transportation up to the following quantities of natural gas: Contract Maximum Daily Quantity (MDQ) of 15,000 Dekatherms (Dth) Transporter agrees to deliver for Shipper’s account and Shipper agrees to accept delivery of the above quantities.

Related to FT Rate

  • Reference Rate means the rate specified as such hereon.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Relevant Rate means the Benchmark for a Representative Amount of the Specified Currency for a period (if applicable or appropriate to the Benchmark) equal to the Specified Duration commencing on the Effective Date.

  • Rate means the Adjusted LIBO Rate and the Alternate Base Rate.

  • Current Rate means the applicable basic minimum wage rate for Local Workers by reason of any National or State Statute or Ordinance, prevailing on any date subsequent to the date 28 days prior to the latest date set for submission of Tenders.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Federal Funds Rate means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.

  • Base CD Rate means the sum of (a) the Three-Month Secondary CD Rate multiplied by the Statutory Reserve Rate plus (b) the Assessment Rate.