Supply Rate definition

Supply Rate means (i) the Tier 1 Supply Rate and (ii) the Tier 2 Supply Rate, as applicable to a particular purchase of water pursuant to Section 4404. The Tier 1 and Tier 2 Supply Rate shall be set from time to time by the District to recover the cost of maintaining existing supplies and developing additional supplies of water.
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Supply Rate means the rate set out in the table under Item 2 of Schedule; and
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Supply Rate means the rate at which the services are provided to the Client by Merchant Warrior as specified in Schedule 2 – Fees.
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Examples of Supply Rate in a sentence

  • The Gas Supply Rate will be calculated and adjusted periodically as defined in the Company’s Gas Supply Rate Rider.

  • If the total falls below the Tier 1 Maximum, then the volume of water that had been billed at the Tier 2 Supply Rate will be adjusted for the difference between the Tier 2 and Tier 1 Supply Rates.

  • The Tier 2 Supply Rate is charged to member agencies that have demands from Metropolitan that exceed their Tier 1 Maximum.

  • Purchase Orders are voluntary agreements that determine the amount of water that a member agency can purchase at the Tier 1 Supply Rate.

  • Under the Purchase Orders, member agencies have the option to purchase a greater amount of water at the lower Tier 1 Supply Rate in exchange for a commitment to purchase a minimum amount of water (based on past purchase levels) over the term of the Purchase Order.

  • The Tier 2 Supply Rate encourages the member agencies and their customers to maintain existing local supplies and develop cost-effective local supply resources and conservation.

  • TSO customers will be required to provide LUFG-in- Kind at the percentage specified in the Company’s Gas Supply Rate Rider.

  • At the end of the Purchase Order Term, if the member agency has not purchased enough firm supply to meet its Purchase Order Commitment, it will be billed for the remaining balance of the Purchase Order Commitment at theaverage of the Tier 1 Supply Rate in effect during the Term.

  • Therefore, from a member agency cash flow perspective, the Tier 2 Supply Rate, when applicable, will most likely be incurred at the beginning of a member agency's fiscal year.

  • For member agencies with Purchase Orders, the obligation to pay the Tier 2 Supply Rate will be calculated over the Purchase Order Term, consistent with the calculation of the commitment obligation.


More Definitions of Supply Rate

Supply Rate means the price per square metre of Goods, or the price for any goods or services listed on the Quotation and/or Purchase Order.
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Related to Supply Rate

  • Daily Rate means the rate specified as such in the Reference Rate Terms.

  • Average daily rate means the hospital’s final payment rate multiplied by the DRG weight and divided by the statewide average length of stay for a DRG.

  • Weekly Rate means the Interest Rate Mode for the Bonds in which the interest rate on such Bonds is determined weekly in accordance with Section 2.02(c)(iii).

  • Hourly Rate means the proposed fully loaded maximum hourly rates that include travel, per diem, fringe benefits and any overhead costs for contractor personnel, as well as subcontractor personnel if appropriate.

  • Daily Rate Period means any period of time during which a Group of 2024 Series A Variable Rate Bonds bears interest at the Daily Rate.