Rate Adjustment Event definition

Rate Adjustment Event has the meaning set forth in Section 6.2(f) hereof.
Rate Adjustment Event means any action by the Internal Revenue Service (including the delivery of a deficiency notice) or any other federal court or administrative body determining, as a result of any misrepresentation by the City or as a result of any action the City takes or fails to take, that interest, or any portion thereof, is includable in the Registered Holder’s gross income for federal income tax purposes.
Rate Adjustment Event means any action by the Internal Revenue Service (including the delivery of a deficiency notice) or any other federal court or administrative body determining, as a result of any misrepresentation by the City or as a result of any action the City takes or fails to take, that

Examples of Rate Adjustment Event in a sentence

  • The Parties shall work cooperatively using best efforts to mitigate or offset the effects of any Rate Adjustment Event with the intent to avoid or minimize any rate adjustment through the tenth anniversary of the Transfer Date.

  • If the Rate Adjustment Event is being triggered by the District, the District may request that the Operator provide it with such information necessary for the District to determine items (2) and (3) above, which may include the Operator information set forth in item (4) above.

  • Upon the occurrence of any Rate Adjustment Event under Section 6.2(f), the Party seeking such adjustment shall promptly give written notice to the other Party and the Utility Director for the Parish (a “Rate Adjustment Event Notice”) stating that a Rate Adjustment Event has occurred.

  • The Base Rate Financial Model shall be revised by the Operator in accordance with the provisions of this Protocol within 30 Business Days of the Rate Adjustment Event.

  • As of the date of an Interest Rate Adjustment Event to and until such date that an Interest Rate Adjustment Event is no longer continuing, the Notes will bear interest at the Adjusted Interest Rate.


More Definitions of Rate Adjustment Event

Rate Adjustment Event means any failure by the Corporation to pay (i) to the Paying Agent on or within three Business Days after any Dividend Payment Date the full amount of any dividend (whether or not earned or declared) to be paid on such Dividend Payment Date on any share of Series C Stock or (ii) to the Redemption Agent on or within three Business Days after any redemption date the redemption price to be paid on such redemption date, plus an amount equal to the accrued and unpaid dividends thereon (whether or not earned or declared) to such redemption date, of any share of Series C Stock.
Rate Adjustment Event means any failure by the Corporation to pay (i) to the Paying Agent funds available on any Dividend Payment Date in the full amount of any dividend (whether or not earned or declared) to be paid on such Dividend Payment Date on any share of Series D Stock or (ii) to the Redemption Agent funds available on any redemption date in the full amount of the redemption
Rate Adjustment Event means any action by the Internal Revenue Service (including the delivery of a deficiency notice) or any other federal court or administrative body determining that the interest component on the Bonds, or any portion thereof, is includable in any Bondholder’s gross income for federal income tax purposes in any case as a result of any misrepresentation by the County or as a result of any action the County takes or fails to take.
Rate Adjustment Event means any action by the Internal Revenue Service (including the delivery of a deficiency notice) or any other federal court or administrative body determining (i) that the interest component of Installment Payments, or any portion thereof, is includable in any counterparty's gross income for federal income tax purposes or (ii) that the Borrower's obligations under this Agreement are not "qualified tax-exempt obligations" within the meaning of Code Section 265 (a “265 Event”), in any case as a result of any misrepresentation by the Borrower or as a result of any action the Borrower takes or fails to take.
Rate Adjustment Event means any action by the Internal Revenue Service (including the delivery of a deficiency notice) or any other federal court or administrative body determining that (i) the interest component of Rental Payments, or any portion thereof, is includable in any counterparty's gross income for federal income tax purposes or (ii) if applicable, the Lessee's obligations under this Agreement are not "qualified tax-exempt obligations" within the meaning of Code Section 265 (a "265 Event"), in any case as a result of any misrepresentation by the Lessee or as a result of any action the Lessee takes or fails to take.
Rate Adjustment Event means any final determination by the Internal Revenue Service, any federal administrative agency or any court that the interest component of Installment Payments, or any portion thereof, is includable in any counterparty's gross income for federal income tax purposes, in any case as a result of any misrepresentation by the Town or as a result of any action the Town takes or fails to take.
Rate Adjustment Event means any determination by the Internal Revenue Service, any