Sustainability Rate Adjustment definition

Sustainability Rate Adjustment with respect to any KPI Metrics Report for any period between Sustainability Pricing Adjustment Dates, an amount (whether positive, negative or zero), expressed as a percentage, equal to the sum of (a) the Carbon Savings KPI Applicable Rate Adjustment Amount (whether positive, negative or zero), plus (b) the Transmission Pipeline Inspection KPI Applicable Rate Adjustment Amount (whether positive, negative or zero), in each case for such period.

Sustainability Rate Adjustment means, with respect to any Sustainability Report for any fiscal year, an amount (whether positive, negative or zero), expressed as a percentage, equal to the sum of (a) the Resource Solutions Applicable Rate Adjustment Amount plus (b) the TRIR Applicable Rate Adjustment Amount, in each case as set forth in the applicable Pricing Certificate for such fiscal year.

Sustainability Rate Adjustment with respect to any Sustainability Report for any fiscal year, an amount, expressed as a percentage, equal to +0.05%, +0.025%, 0%, -0.025% or -0.05%, as the case may be, in each case for such fiscal year, as set forth in Annex B of Exhibit I.

Examples of Sustainability Rate Adjustment in a sentence

• It is hereby understood and agreed that, (a) the Applicable Commitment Fee Percentage shall be adjusted from time to time based upon the Sustainability Fee Adjustment (to be calculated and applied as set forth in Section 2.21) and (b) the Applicable Interest Rate Percentage shall be adjusted from time to time based upon the Sustainability Rate Adjustment (to be calculated and applied as set forth in Section 2.21).

• The Sustainability Rate Adjustment for a reporting period is the sum of (a) the Greenhouse Gas Emissions Intensity Reduction Rate Adjustment Amount, plus (b) the Gender Pay Equity Rate Adjustment Amount, each as set forth in the below Sustainability Rate Adjustment Table and with reference to the KPI Metrics Report (see Annex A) and, with respect to Greenhouse Gas Emissions Intensity Reduction only, the Sustainability Table (copied above for convenience from Schedule 1.01(a) to the Credit Agreement).

• Within five (5) days after the Servicer becomes aware of a Pricing Certificate Inaccuracy, a statement of an Authorized Officer of the Servicer setting forth details of such Pricing Certificate Inaccuracy (including corrections to the calculations of the Sustainability Rate Adjustment, Sustainability Fee Adjustment or the KPI Metrics, as applicable).

• Notwithstanding the foregoing or anything to the contrary herein, in the event that a Pricing Certificate has been delivered, and the Company has not delivered the Historical Report, the Sustainability Rate Adjustment with respect to such fiscal year shall be the Threshold Adjustment.

• Notwithstanding the foregoing or anything to the contrary herein, in the event that a Pricing Certificate has been delivered, and the Company has not delivered the Historical Report, the Sustainability Rate Adjustment and the Sustainability Fee Adjustment with respect to such fiscal year shall be the Threshold Adjustment.

More Definitions of Sustainability Rate Adjustment

Sustainability Rate Adjustment with respect to any KPI Metrics Report for any fiscal year, an amount (whether positive, negative or zero), expressed as a percentage, equal to the sum of (a) the CO2 Intensity Applicable Rate Adjustment Amount, plus (b) the Women’s Employment Rate Applicable Rate Adjustment Amount, in each case for such fiscal year.

Sustainability Rate Adjustment with respect to any SASB Aligned Report for any Fiscal Year, an amount, expressed as a percentage, equal to +0.05%, 0% or -0.05%, as the case may be, in each case for such Fiscal Year, as set forth in Annex B of Exhibit M.

Sustainability Rate Adjustment means, with respect to any KPI Metrics Report, for any period between Sustainability Pricing Adjustment Dates, (a) positive 0.05%, if neither of the Sustainability Performance Targets as set forth in the KPI Metrics Report have been satisfied for the relevant calendar year, (b) 0.00% if only one of the Sustainability Performance Targets as set forth in the KPI Metrics Report has been satisfied for the relevant calendar year and (c) negative 0.05% if both of the Sustainability Performance Targets as set forth in the KPI Metrics Report have been satisfied for the relevant calendar year.

Sustainability Rate Adjustment means, with respect to the KPI Metrics Report for any Pricing Certificate, an amount (whether positive, negative or zero), expressed as a percentage, equal to the KPI Applicable Margin Adjustment Amount (whether positive, negative or zero) for such period.

Sustainability Rate Adjustment means, with respect to any KPI Metrics Report for any period between Sustainability Pricing Adjustment Dates, a reduction in an amount equal to (a) 0.01%, if the KPI Metric for such period as set forth in the KPI Metrics Report is more than the KPI Metric Threshold A, but less than or equal to KPI Metric Threshold B, for such period, (b) 0.02%, if the KPI Metric for such period as set forth in the KPI Metrics Report is more than the KPI Metric Threshold B for such period and (c) 0.000%, if the KPI Metric for such period as set forth in the KPI Metrics Report is less than or equal to the KPI Metric Threshold A for such period.

Sustainability Rate Adjustment with respect to any Sustainability Report for any fiscal year, the number of basis points (whether positive, negative or zero) resulting from the sum of (a) the Threshold A Applicable Rate Adjustment Amount, plus (b) the Threshold B Applicable Rate Adjustment Amount, in each case, for such fiscal year.

Sustainability Rate Adjustment means, with respect to any period between Sustainability Pricing Adjustment Dates, (a) positive 0.02%, if the KPI Metric for such period as set forth in the Pricing Certificate is less than the GHG Emissions Reductions Threshold for such period, (b) 0.000%, if the KPI Metric for such period as set forth in the Pricing Certificate is greater than or equal to the GHG Emissions Reductions Threshold for such period but less than the GHG Emissions Reductions Target for such period, and (c) negative 0.02%, if the KPI Metric for such period as set forth in the Pricing Certificate is greater than or equal to GHG Emissions Reductions Target for such period.