Reduction Rate definition

Reduction Rate means an interest rate per annum equal to the greatest of (a) 9.0%, (b) 3.25% plus the rate of interest per annum (as of the date of determination) on U.S. Treasury Notes having a maturity of seven (7) years as shown in the seven-year listing in the "this week" column under the heading "Treasury Constant Maturities" of the Federal Reserve statistical release Form H.15 or, if such published rate of interest is not available for any reason at least ten (10) Business Days prior to the date of determination, such other comparable rate of interest determined by Lender, in its reasonable discretion, or (c) the Prime Rate on the day which is ten (10) Business Days prior to the Original Maturity Date plus one-half of one percent (0.5%).
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Examples of Reduction Rate in a sentence

  • Addendum - A document issued to the Licensee by the Trustees, prior to the agreement on the Actual Peak Demand Reduction Rate that modifies or supersedes portions of the Contract Documents.

  • These calculations include, but are not limited to, determinations of the Last Reported Sale Prices of the Common Stock, the Daily VWAPs, the Daily Conversion Values, the Daily Settlement Amounts, the Daily Reduction Price, the Daily Reduction Rate, accrued interest payable on the Notes and the Conversion Rate of the Notes.

  • The Sustainability Rate Adjustment for a reporting period is the sum of (a) the Greenhouse Gas Emissions Intensity Reduction Rate Adjustment Amount, plus (b) the Gender Pay Equity Rate Adjustment Amount, each as set forth in the below Sustainability Rate Adjustment Table and with reference to the KPI Metrics Report (see Annex A) and, with respect to Greenhouse Gas Emissions Intensity Reduction only, the Sustainability Table (copied above for convenience from Schedule 1.01(a) to the Credit Agreement).