Common use of Reset Rate Clause in Contracts

Reset Rate. (a) In connection with each Remarketing, the Remarketing Agent shall determine the Reset Rate in consultation with the Company (rounded to the nearest one-thousandth of one percent (0.00001) per annum).

Appears in 3 contracts

Sources: Supplemental Indenture (Johnson Controls Inc), Supplemental Indenture (Johnson Controls Inc), Supplemental Indenture (Johnson Controls Inc)

Reset Rate. (a) In connection with each Remarketing, the Remarketing Agent shall determine the Reset Rate in consultation with the Company (rounded to the nearest one-thousandth (0.001) of one percent (0.00001) per annum).

Appears in 1 contract

Sources: Supplemental Indenture (PNM Resources Inc)

Reset Rate. (a) In connection with each Remarketing, the Remarketing Agent Agents shall determine the Reset Rate in consultation with the Company (rounded to the nearest one-thousandth (0.001) of one percent (0.00001) per annum).

Appears in 1 contract

Sources: Second Supplemental Indenture (Cit Group Inc)

Reset Rate. (a) In connection with each a Remarketing, the Remarketing Agent Agents shall determine the Reset Rate in consultation with the Company (rounded to the nearest one-thousandth (0.001) of one percent (0.00001) per annum).

Appears in 1 contract

Sources: Supplemental Indenture (Stanley Works)