Weighted Average Cost of Capital Sample Clauses

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Weighted Average Cost of Capital. (A) The amount specified for RRAt in paragraph 2.2 assumes, at the date of this Agreement, that the Weighted Average Cost of Capital (“WACC”), as established by the Regulator from time to time, is 7½% per annum. (B) In the event that the Regulator, at any stage during the term of this Agreement, amends WACC from its existing level, RRAt shall be calculated as follows and not in accordance with the formula set out in paragraph 2.2: Y = Σ [(PO1 x RRAw) + (PO2 x RRAw) + …. + (POn x RRAw)+…. + (POmax x RRAw)] where Y means the present value in relevant year t of the outstanding amount of the Network Rail Recoverable Advance; m means the number of years from the Commencement Date to the relevant year in which such amendment to WACC comes into effect; POn means the discount factor which, if applied to RRAw in year n gives the present value of RRAw in relevant year t with WACCold applied; max means, as applied to POmax, 30-m; RRAw is equal to RRAt-1 [1 + RPI t-1]; and WACCold means the percentage per annum for WACC prior to such amendment of WACC by the Regulator, having calculated the value of Y, RRAt should then be derived from the following formula: Y = Σ [(PN1 x RRAt) + (PN2 x RRAt) + …. + (PNn x RRAt) + ….+ (PNmax x RRAt)] where Y means the present value in relevant year t of the outstanding amount of the Network Rail Recoverable Advance; m means the number of years from the Commencement Date to the relevant year in which such amendment to WACC comes into effect; PNn means the discount factor which, if applied to RRAt in year n gives the present value of RRAt in relevant year t with WACCnew applied; max means, as applied to PNmax, 30-m; and WACCnew means the percentage per annum for WACC as amended by the Regulator during relevant year m, but so that in any subsequent relevant year during the term of this Agreement RAAt shall, unless the Regulator further amends WACC (in which case the provisions of this paragraph 2.3(B) shall apply mutatis mutandis), be calculated in accordance with the formula set out in paragraph 2.2.
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Weighted Average Cost of Capital. The amount specified for RRAt in paragraph 2.2 assumes, at the date of this Agreement, that the Weighted Average Cost of Capital (“WACC”), as established by the Regulator from time to time, is 7½% per annum.
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Weighted Average Cost of Capital. If application of this Agreement requires determination of the net present value of amounts, this calculation must take place based on the Weighted Average Cost of Capital.
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Weighted Average Cost of Capital. If, pursuant to this Agreement, amounts must be stated at present value and no discount rate is prescribed then the statement must be made using the Weighted Average Cost of Capital.
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Weighted Average Cost of Capital. The computation of the WACC established by this Settlement Agreement, or 8.25 percent, as set forth in Attachment 2. The weighted average cost of capital set forth in Attachment 2, as adjusted pursuant to Section 4(e), above, shall be used for ratemaking purposes, including in the ISR Plan, until the next base distribution rate proceeding for Narragansett Electric.
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Related to Weighted Average Cost of Capital

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Reserve Percentage For any Interest Period, that percentage which is specified three (3) Business Days before the first day of such Interest Period by the Board of Governors of the Federal Reserve System (or any successor) or any other governmental or quasi-governmental authority with jurisdiction over Agent or any Lender for determining the maximum reserve requirement (including, but not limited to, any marginal reserve requirement) for Agent or any Lender with respect to liabilities constituting of or including (among other liabilities) Eurocurrency liabilities in an amount equal to that portion of the Loan affected by such Interest Period and with a maturity equal to such Interest Period.

  • Original Class A Percentage Section 11.05 Original Principal Balances of the Classes of Class A Certificates............................................

  • Interest Factor With respect to this Floating Rate Note, accrued interest is calculated by multiplying the principal amount of such Note by an accrued interest factor. The accrued interest factor is computed by adding the interest factor calculated for each day in the particular Interest Reset Period. The interest factor for each day will be computed by dividing the interest rate applicable to such day by 360, in the case of a Floating Rate Note as to which the CD Rate, the Commercial Paper Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR or the Prime Rate is an applicable Interest Rate Basis, or by the actual number of days in the year, in the case of a Floating Rate Note as to which the CMT Rate or the Treasury Rate is an applicable Interest Rate Basis. In the case of a series of Notes that bear interest at floating rates as to which the Constant Maturity Swap Rate is the Interest Rate Basis, the interest factor for each day will be computed by dividing the number of days in the interest period by 360 (the number of days to be calculated on the base is of a year of 360 days with twelve 30-day months (unless (i) the last day of the interest period is the 31st day of a month but the first day of the interest period is a day other than the 30th or 31st day of a month, in which case the month that includes that last day shall not be considered to be shortened to a 30-day month, or (ii) the last day of the interest period is the last day of the month of February, in which case the month of February shall not be considered to be lengthened to a 30-day month)). The interest factor for a Floating Rate Note as to which the interest rate is calculated with reference to two or more Interest Rate Bases will be calculated in each period in the same manner as if only the applicable Interest Rate Basis specified above applied.

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