Rate Reductions Sample Clauses

Rate Reductions. The Borrower shall not, without first complying with the requirements of Section 9.1, decrease its Rates if it has failed to comply with the provisions of Section 13.14 of the Indenture for the fiscal year prior to such reduction.
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Rate Reductions. The Borrower shall not, without first complying with the requirements of Section 7.10 (
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Rate Reductions. 5.1 TEP shall reduce the rates charged to all non-ESA customers by two percent (2%) as follows: one percent (1%) on July 1, 1999 and one percent (1%) on July 1, 2000. Except for the non-ESA two percent (2%) rate reductions, TEP's rates shall be frozen until December 31, 2008, except for: (a) those adjustments that will result as a consequence of this Settlement Agreement; (b) changes in TEP's transmission tariffs due to AISA or Desert STAR; and
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Rate Reductions. After the expiration of the first three years, and each annual anniversary thereafter, the Parties shall negotiate in good faith roaming rates which are reasonably competitive with comparable telecommunications providers and the actual charges by AWS to its customers for such roaming calls. At no time shall the toll or airtime rates be increased.
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Rate Reductions. Sometimes you may want to ask for certain "discounts." For example, if you lay down your own tracks with your personal engineer or music producer, those service charges should not be included. And, try to get a exclusion or reduction in the hourly studio time price for setting-up your own drums.
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Rate Reductions. The existing Second Restated and Amended Rate Reduction Agreement, ("1996 Agreement"), as reflected in Decision No. 59601, will be extended until December 31, 2002, subject to the following revisions. In addition to the revisions listed below, the provisions of the 1996 Agreement that are or will be moot, extended with modifications or extended without modifications, are identified in Exhibit C hereto. Rate reductions for the years 1999 through 2002 will be: For usage on and after July 1, 1999, 1.0% or the APS formula contained in the existing Second Restated and Amended Rate Reduction Agreement, as reflected in Decision No. 59601, using 1998 calendar year, whichever is greater, to be applied to both Standard Offer and unbundled rates; For usage on and after July 1, 2000, 1.0% or the APS formula using 1999 calendar year, whichever is greater, to be applied to both Standard Offer and unbundled rates; For usage on and after July 1, 2001, 1.0% or the APS formula using 2000 calendar year, whichever is greater, to be applied to Standard Offer rates for residential customers only; For usage on and after July 1, 2002, 1.0% or the APS formula using 2001 calendar year, whichever is greater, to be applied to Standard Offer rates for residential customers only. The impact of each year's rate reduction should be implemented through reductions to generation rates that result in equal percentage reductions to each class (including competitive customers). Costs of complying with the Electric Competition Rules, system benefits costs, and solar power costs in excess of levels included in current rates, may be deferred subject to the limitations set forth below. Notwithstanding the rate reduction provisions stated above, the Company's share of any property tax expense decreases shall be used to offset other expense deferrals referred to in this section. In any year that the APS formula is used to calculate the rate reductions, ratepayer's 55% share above the stated, minimum 1% rate reduction, would first be used to reduce amounts otherwise deferrable. APS will be allowed full recovery of any remaining deferrable costs beginning January 1, 2003. APS agrees to make an annual reporting of its level of deferred expenses to be included in its rate reduction filings. APS agrees to meet the requirements of the Solar Portfolio Standard, Section 1609 of the rules, as amended in August 1998. APS agrees to support the continuation of the Solar Portfolio Standard in future Commission p...
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Rate Reductions 
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Related to Rate Reductions

  • Mandate Rate The Mandate Rate shall be based upon the monthly average of the net assets of the funds in the Equity asset class, as indicated on Master Schedule A to Management Contracts, as may be updated from time to time, which is hereby incorporated by reference into this Contract, (computed in the manner set forth in the Trust’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month. The Mandate Rate may vary by class. The Mandate Rate shall be determined on a cumulative basis pursuant to the schedule set forth in Schedule 1 of this Contract.

  • Fee Reduction The Adviser agrees that from the commencement of operations of the Fund through January 31, 2020, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, excluding taxes, “Acquired Fund” fees and expenses, dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions, do not exceed (on an annual basis) 1.15%, as a percentage of the Fund’s average daily net assets.

  • Optional Reductions The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments to an amount not less than the Outstanding Amount of Revolving Loans, Swing Line Loans and L/C Obligations; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon five (5) Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $2,000,000 or any whole multiple of $1,000,000 in excess thereof, and (iii) the Borrower shall not terminate or reduce (A) the Aggregate Revolving Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Aggregate Revolving Commitments, (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, (C) the Swing Line Sublimit if, after giving effect thereto and to and to any concurrent prepayments hereunder, the Outstanding Amount of Swing Line Loans would exceed the Swing Line Sublimit and (D) the Alternative Currency Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Loans denominated in an Alternative Currency would exceed the Alternative Currency Sublimit.

  • Termination or Reduction of Aggregate Revolving Commitments The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not terminate or reduce the Aggregate Revolving Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Aggregate Revolving Commitments and (iv) if, after giving effect to any reduction of the Aggregate Revolving Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Commitments, such sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Revolving Commitments. Any reduction of the Aggregate Revolving Commitments shall be applied to the Revolving Commitment of each Lender according to its Applicable Percentage. All fees accrued until the effective date of any termination of the Aggregate Revolving Commitments shall be paid on the effective date of such termination.

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