Common use of Pricing Certificate Clause in Contracts

Pricing Certificate. As soon as available and in any event within one hundred eighty (180) days following the end of the most recent calendar year (commencing with the calendar year 2024), a Pricing Certificate for the most recently-ended calendar year; provided, that, for any calendar year the Servicer may elect not to deliver a Pricing Certificate, and such election shall not constitute a Default or Event of Default (but such failure to so deliver a Pricing Certificate shall result in the Sustainability Rate Adjustment being applied as set forth in Section 2.10(c)).

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Kinetik Holdings Inc.), Receivables Purchase Agreement (Kinetik Holdings Inc.)

Pricing Certificate. As soon as available and in any event within one hundred eighty (180) days following the end of the most recent calendar year (commencing with the calendar year 2024), a Pricing Certificate for the most recently-recently ended calendar year; provided, that, for any calendar year the Servicer may elect not to deliver a Pricing Certificate, and such election shall not constitute a Default or Event of Default (but such failure to so deliver a Pricing Certificate shall result in the Sustainability Rate Adjustment being applied as set forth in Section 2.10(c)).

Appears in 1 contract

Sources: Receivables Purchase Agreement (Kinetik Holdings Inc.)