Rate Variance Factor Sample Clauses
The Rate Variance Factor clause establishes a mechanism for adjusting rates or fees based on fluctuations in certain predefined variables, such as market indices, costs, or other relevant benchmarks. In practice, this clause typically outlines the specific factors that can trigger a rate adjustment, the method for calculating the new rate, and the frequency at which such adjustments may occur. Its core function is to ensure that the agreed-upon rates remain fair and reflective of changing economic conditions, thereby protecting both parties from unexpected financial imbalances due to external market shifts.
Rate Variance Factor. The "Rate Variance Factor" means such percentage per annum not exceeding 2% as the Administrative Agent may designate from time to time in its sole discretion.
Rate Variance Factor. The definition of “Rate Variance Factor” in Section 1.1 of the TAA is hereby amended to change the factor set forth therein from “2.25” to “2.50”.
Rate Variance Factor. The "Rate Variance Factor" means, during any Yield Period, such percentage per annum not exceeding 2% as the Agent may designate from time to time in its sole discretion.
Rate Variance Factor. The "RATE VARIANCE FACTOR" means, during any Yield Period, such percentage PER ANNUM not exceeding 2% as the Agents may designate from time to time in their sole discretion.