ARRC definition

ARRC means the Alaska Railroad Corporation.

Examples of ARRC in a sentence

  • The rights and remedies of ARRC provided in this section shall not be exclusive and are in addition to any other rights and remedies provided by law.

  • Satisfactory performance of this paragraph is a condition precedent to payment by ARRC under this contract.

  • No officer or employee of the State of Alaska or of the ARRC and no director of the ARRC or legislator of the state shall be admitted to any share or part of this contract or to any benefit that may arise therefrom.

  • For the breach or violation of this warranty, ARRC may terminate this contract without liability and, at its discretion, deduct from the contract price or otherwise recover the full amount of the commission, percentage, gift, or fee.

  • Said policy shall name ARRC as an additional insured and contain a waiver of subrogation against ARRC and its employees.

More Definitions of ARRC

ARRC. The Alternative Reference Rates Committee. “Asset-backed Commercial Paper”: Commercial paper or other short-term obligations of a program that primarily issues externally rated commercial paper backed by assets or exposures held in a bankruptcy-remote, special purpose entity. “Assets”: The meaning specified in the Granting Clauses. “Assumed Reinvestment Rate”: The Term SOFR Rate (as determined on the most recent Interest Determination Date relating to an Interest Accrual Period beginning on a Payment Date or the Closing Date) minus 0.25% per annum; provided that the Assumed Reinvestment Rate shall not be less than 0.00%. “Authenticating Agent”: With respect to the Debt or a Class of the Debt, the Person designated by the Trustee or Loan Agent, as applicable, to authenticate such Debt on behalf of the Trustee pursuant to Section 6.14 hereof or on behalf of the Loan Agent pursuant to the Class A-L Loan Agreement. “Balance”: On any date, with respect to Cash or Eligible Investments in any account, the aggregate of the (i) current balance of Cash, demand deposits, time deposits, certificates of deposit and federal funds; (ii) principal amount of interest-bearing corporate and government securities, money market accounts and repurchase obligations; and (iii) purchase price (but not greater than the face amount) of non-interest-bearing government and corporate securities and commercial paper. “Bank”: U.S. Bank Trust Company, National Association, in its individual capacity and not as Trustee, or any successor thereto. “Bankruptcy Code”: The federal Bankruptcy Code, Title 11 of the United States Code, as amended from time to time. “Benchmark Replacement Conforming Changes”: With respect to the implementation of any Benchmark Replacement Rate, any technical, administrative or operational changes (including, but not limited to, changes to the definition of “Interest Accrual Period”) that the Collateral Manager (on behalf of the Issuer) decides may be appropriate to reflect the adoption of such Benchmark Replacement Rate in a manner substantially consistent with market practice