Formula Rates Clause Samples

Formula Rates. If ACC initiates the negotiation contemplated in clause (b)(i) and the Parties do not agree on GSM and GPRS roaming rates and exclusivity provisions for Contract Years 4 and 5 during the aforementioned 30-day period, AWS will deliver to ACC, within 30 days following the end of the third quarter of Contract Year 3, its calculation of the Formula Rates for the 12-month period ending at the end of the third quarter of Contract Year 3. Within ten business days after receipt of such calculation, ACC will notify AWS whether it elects to have such Formula Rates (or, if lower, the Table Rates for Contract Year 4) apply to Contract Year 4. If ACC so elects, then (x) the Formula Rates (as set forth in the aforementioned calculation) or, if lower, the Table Rates for Contract Year 4 will apply to Contract Year 4, (y) the Formula Rates (as determined pursuant to the definitions of ARPMin and ARPByte) or, if lower, the Table Rates for Contract Year 5 will apply to Contract Year 5 and (z) the exclusivity obligations of AWS under Article 4 of the GSM Operating Agreement will continue in effect during Contract Years 4 and 5, subject to the terms and conditions of the GSM Operating Agreement.
View SourceView Similar (3)
Formula Rates. Rate Schedule 1819 shall incorporate by reference the formula rates of each Transmission Owner to be used for the determination of the revenue requirements that may be recovered by the Transmission Owner for each Approved Transmission Project, including weighted average costs of capital and rates of return. Each Transmission Owner shall be solely responsible for submitting its own initial formula rate under Rate Schedule 1819 (including all rate methodologies and protocols) and each annual formula rate update thereto to the applicable Governmental Authorities and obtaining all requisite approvals or review thereof for its Approved Transmission Projects. In addition, each Transmission Owner agrees that the return on equity and capital structure used to recover Approved Transmission Projects’ costs under Rate Schedule 1819 will be those approved by the NYPSC (or reviewed by the NYPSCNYDPS in the case of LIPA) for Approved Transmission Projects (provided they are just and reasonable), subject to any requisite FERC approval or review. To facilitate use of the NYPSC-approved (or in LIPA’s case, NYPSCNYDPS- reviewed) rates of return as they may change over time without the need to establish a new return on equity and capital structure through a new filing under Section 205 or 206 FERC’s rate jurisdiction under Federal Power Act Sections 205 and 206. of the Federal Power Act, each Transmission Owner shall file for FERC approval or review a return on equity that is a ceiling up to which the Transmission Owner may set the revenue requirements for its Approved Transmission Projects. Each Transmission Owner’s formula rate submittals shall reflect the Approved Transmission Project’s actual costs and shall be updated consistent with formula rate protocols. If requested by the NYPSC, each Transmission Owner shall file with the NYPSC biannual status reports reflecting the costs incurred for Approved Transmission Projects relative to their cost estimates at the time of the Approved Transmission Project’s approval. Each Transmission Owner acknowledges and agrees that its recovery of the revenue requirements for each Approved Transmission Project will be undertaken pursuant to the terms and conditions set forth in Rate Schedule 1819 and its applicable formula rate thereunder. Unless the NYPSC (or, in the case of LIPA, the NYPSC and LIPA Board of Trustees) otherwise orders or approves such recovery under Rate Schedule 1819, no Transmission Owner shall include as an input int...
View SourceView Similar (2)
Formula Rates. If Dobson initiates the negotiation contemplated in clause (b)(▇) ▇nd the Parties do not agree on TDMA roaming rates and exclusivity provisions for Contract Years 4 and 5 during the aforementioned 30-day period, AWS will deliver to Dobson, within 30 days following the end of the third quar▇▇▇ ▇▇ Contract Year 3, its calculation of the Formula Rates for the 12-month period ending at the end of the third quarter of Contract Year 3. Within ten business days after receipt of such calculation, Dobson will notify AWS whether it elects to have such Form▇▇▇ ▇▇tes (or, if lower, the Table Rates for Contract Year 4) apply to Contract Year 4. If Dobson so elects, then (x) the Formula Rates (as set forth ▇▇ ▇▇e aforementioned calculation) or, if lower, the Table Rates for Contract Year 4 will apply to Contract Year 4, (y) the Formula Rates (as determined pursuant to the definitions of ARPMin) or, if lower, the Table Rates for Contract Year 5 will apply to Contract Year 5 and (z) the exclusivity obligations of AWS set forth below will continue in effect during Contract Years 4 and 5, subject to the terms and conditions of the OA and the Addenda.
View Source
Formula Rates. Section 36.3 provides NY Transco’s formula rate and implementation rules for the formula rate to recover costs related to its projects through the TFC. 1 Any costs incurred on the forced cooling portion of the Staten Island Unbottling Project after the date of the Commission’s order approving the offer of partial settlement in Docket No. ER15-572-000, issued on March 17, 2016, shall not be recovered through the TFC without further order of the Commission.
View Source
Formula Rates. Trailer work greater than 3,500 tonnes, the rate shall be established by the Company. The membership as a complete body, shall sign approval of the rate or refusal of the rate. If the trailer rate is refused and the Company elects to utilize the membership to service that project, trailer zone rate will apply. Formula Rate less than 3,500 tonnes: Tri-axle $66.39 Tractor Trailer* $80.61
View Source

Related to Formula Rates

  • Overhead Rates The Engineer shall use the provisional overhead rate indicated in Attachment E. If a periodic escalation of the provisional overhead rate is specified in Attachment E, the effective date of the revised provisional overhead rate must be included. For lump sum contracts, the overhead rate remains unchanged for the entire contract period.

  • WAGE RATES AND CLASSIFICATIONS Classifications and the hourly wage rates applicable thereto are contained in the Appendices attached to and forming part of this Agreement.

  • Interest Rates All outstanding Term Loans to the Borrower shall bear interest on the unpaid principal amount thereof (including, to the extent permitted by law, on interest thereon not paid when due) from the date made until paid in full in cash at a rate determined by reference to the Base Rate or Adjusted Term SOFR plus the Applicable Margin, but not to exceed the Maximum Rate. If at any time Term Loans are outstanding with respect to which the Borrower has not delivered to the Agent a notice specifying the basis for determining the interest rate applicable thereto in accordance herewith, those Term Loans shall be treated as Base Rate Loans until notice to the contrary has been given to the Agent in accordance with this Agreement and such notice has become effective. Except as otherwise provided herein, the Term Loans shall bear interest as follows: (i) For all Base Rate Loans, at a fluctuating per annum rate equal to the Base Rate plus the Applicable Margin; and (ii) For all SOFR Rate Loans, at a fluctuating per annum rate equal to Adjusted Term SOFR plus the Applicable Margin. Each change in the Base Rate (or any component thereof) shall be reflected in the interest rate applicable to Base Rate Loans as of the effective date of such change. All computations of interest for Base Rate Loans when the Base Rate is determined by the “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). On the last Business Day of each calendar quarter hereafter and on the Termination Date, the Borrower shall pay to the Agent, for the ratable benefit of the Lenders, interest accrued from the last Business Day of the preceding calendar quarter to the last Business Day of such calendar quarter (or accrued to the Termination Date in the case of a payment on the Termination Date) on all Base Rate Loans in arrears. The Borrower shall pay to the Agent, for the ratable benefit of the Lenders, interest on all SOFR Rate Loans in arrears on each SOFR Interest Payment Date.

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.

  • Supported wage rates Employees to whom this clause applies shall be paid the applicable percentage of the minimum rate of pay prescribed by this Agreement for the class of work which the person is performing according to the following schedule: * (Provided that the minimum amount payable shall be not less than $45 per week). Where a person’s assessed capacity is 10%, they shall receive a high degree of assistance and support.