Lower 48 Definition | Law Insider

Lower 48 definitionLower 48 means the lower forty-eight (48) contiguous states of the continental United States.View SourceBased on 2 documents2Draft with AISplit ViewAI-Powered Contracts

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Get StartedSchedule a DemoLower 48 means the continental United States, excluding Alaska and Hawaii;View SourceBased on 2 documents2Draft with AI

Examples of Lower 48 in a sentence

• The Hiring Unit facilitates medical treatment for employees and casuals once returned to Alaska upon release from Lower 48 incidents due to injury/illness.

• In addition, in the event you relocate to the Lower 48 states during the 12 months following your termination, you shall be entitled to receive relocation benefits in accordance with the executive relocation benefits policy in effect as of the date of this Agreement.

• ORIENTATION BRIEFING‌ Lower 48 resources filling Resource Order requests for incident assignments in Alaska will have an Alaska Orientation Briefing package made available to them prior to deployment to Alaska.

• Inbound calls to a Toll-Free number from non US Lower 48 states will be charged at a higher rate as outlined below.

• Properties will be accurately represented on the itinerary to denote any shared resources or remote amenities, based upon expectations in the Lower 48.

• The State shall retain any of its direct or indirect ownership interests in the Alberta to Lower 48 Project until the completion of that initial Open Season.

• Each High-Volume SIP trunk has a softcap of 3,000 combined inbound and outbound minutes for US Lower 48, Hawaii and most of Canada (excluding metered international and toll-free calling) in any calendar month (or billing cycle, if applicable).

• Lower 48 are prohibited without prior approval by the Management Committee.

• The State shall own, directly or indirectly through a State-owned entity, an interest in the Alberta to Lower 48 Project, if newly built or acquired by any Person in which Affiliates of all the Producers have an ownership interest, in a share commensurate with the expected throughput of State Gas, as estimated when that Project Entity is formed.

• If, however, it does not execute a binding precedent agreement to reserve Capacity for any State Gas in that initial Open Season, the State or State- owned entity, may withdraw from the Alberta to Lower 48 Project under the provisions of that Project Entity agreement.

Related to Lower 48

• Inverse Floater means trust certificates or other instruments evidencing interests in one or more Municipal Obligations that qualify as S&P Eligible Assets (such Inverse Floaters will also be considered Municipal Obligations and are S&P Eligible Assets), the interest rates on which are adjusted at short-term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that the ratio of the aggregate dollar amount of floating rate instruments to inverse floating rate instruments issued by the same issuer does not exceed two to one at their time of original issuance and at the time of purchase has a duration that is less than thirteen years.

• Class B-2 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Percentage for such Distribution Date will be zero.

• Original Class B-2 Percentage The Class B-2 Percentage as of the Cut-Off Date, as set forth in Section 11.09.

• Class A-5 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.1156%.

• Class B-2 Pass-Through Rate For the first Distribution Date, 6.5000% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-2 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.

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Related Definitions

• Inverse Floater
• Class B-2 Percentage
• Original Class B-2 Percentage
• Class A-5 Pass-Through Rate
• Class B-2 Pass-Through Rate