Sustainability Commitment Fee Adjustment means, with respect to any Sustainability Certificate for any period between Sustainability Pricing Adjustment Dates, an amount (whether positive, negative or zero), expressed as a percentage, equal to the sum of (a) the KPI 1 Commitment Fee Adjustment Amount (whether positive, negative or zero), plus (b) the KPI 2 Commitment Fee Adjustment Amount (whether positive, negative or zero), in each case for such period.
Sustainability Commitment Fee Adjustment with respect to any calendar year, an amount (whether positive, negative or zero), equal to the sum of (a) GHG Emissions Intensity Commitment Fee Adjustment Amount, plus (b) the RBA Audit Score Average Commitment Fee Adjustment Amount, plus (c) Waste Diversion Commitment Fee Adjustment Amount, in each case for such calendar year.
Sustainability Commitment Fee Adjustment means, with respect to any KPI Metrics Report, for any period between Sustainability Pricing Adjustment Dates, an amount (whether positive, negative or zero), expressed as a percentage, equal to the sum of (a) the GHG Emissions Commitment Fee Adjustment Amount (whether positive, negative or zero) plus (b) the Renewable Electricity Percentage Commitment Fee Adjustment Amount (whether positive, negative or zero), in each case for such period.
Examples of Sustainability Commitment Fee Adjustment in a sentence
It is further understood and agreed that any Sustainability Rate Adjustment or Sustainability Commitment Fee Adjustment made for any Applicable Sustainability Pricing Adjustment Period shall only be applicable for such Applicable Sustainability Pricing Adjustment Period 157672908_8 and any increases or reductions to the Applicable Margin resulting therefrom shall be reset to “zero” following the conclusion of such Applicable Sustainability Pricing Adjustment Period.
For the avoidance of doubt, the Sustainability Rate Adjustment and the Sustainability Commitment Fee Adjustment shall not be cumulative year-over-year.
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It is hereby understood and agreed that if no such Pricing Certificate is delivered by the Borrower within the period set forth in Section 1.3(g), the Sustainability Margin Adjustment will be positive 0.05% and Sustainability Commitment Fee Adjustment will be positive 0.01% commencing on the last day such Pricing Certificate could have been delivered pursuant to the terms of Section 1.3(g) and continuing until a Borrower delivers a Pricing Certificate to the Administrative Agent.
More Definitions of Sustainability Commitment Fee Adjustment
Sustainability Commitment Fee Adjustment with respect to any Pricing Certificate for any period between Sustainability Pricing Adjustment Dates, (a) positive 0.01%, if the Converted Towers as set forth in the applicable Pricing Certificate is less than the Converted Tower Threshold, (b) 0.00%, if the Converted Towers as set forth in the applicable Pricing Certificate is greater than or equal to the Converted Towers Threshold but less than the Converted Towers Target, and (c) negative 0.01%, if the Converted Towers as set forth in the applicable Pricing Certificate is greater than or equal to the Converted Towers Target.
Sustainability Commitment Fee Adjustment means, with respect to any Pricing Certificate for any calendar year, (a) positive 0.01%, if the KPI Metric for such period as set forth in the Pricing Certificate is less than the GHG Emissions Reductions Threshold for such period, (b) 0.000%, if the KPI Metric for such period as set forth in the Pricing Certificate is greater than or equal to the GHG Emissions Reductions Threshold for such period but less than the GHG Emissions Reductions Target for such period, and (c) negative 0.01%, if the KPI Metric for such period as set forth in the Pricing Certificate is greater than or equal to GHG Emissions Reductions Target for such period.
Sustainability Commitment Fee Adjustment with respect to any Pricing Certificate for any period between Sustainability Pricing Adjustment Dates, (i) prior to a REC KPI Removal Event, (x) (a) positive 0.005%, if the number of Converted Towers as set forth in the applicable Pricing Certificate is less than the Converted Tower Threshold, (b) 0.00%, if the number of Converted Towers as set forth in the applicable Pricing Certificate is greater than or equal to the Converted Towers Threshold but less than the Converted Towers Target, and (c) negative 0.005%, if the number of Converted Towers as set forth in the applicable Pricing Certificate is greater than or equal to the Converted Towers Target and (y) (a) positive 0.005%, if the RECs as set forth in the applicable Pricing Certificate is less than the REC Threshold and (b) negative 0.005%, if the RECs as set forth in the applicable Pricing Certificate is greater than or equal to the REC Target and (ii) on and after the occurrence of a REC KPI Removal Event, (a) positive 0.01%, if the Converted Towers as set forth in the applicable Pricing Certificate is less than the Converted Tower Threshold, (b) 0.00%, if the Converted Towers as set forth in the applicable Pricing Certificate is greater than or equal to the Converted Towers Threshold but less than the Converted Towers Target, and (c) negative 0.01%, if the Converted Towers as set forth in the applicable Pricing Certificate is greater than or equal to the Converted Towers Target.
Sustainability Commitment Fee Adjustment means, with respect to any KPI Metrics Report, for any period between Sustainability Pricing Adjustment Dates, (a) positive 0.02%, if neither of the Sustainability Performance Targets as set forth in the KPI Metrics Report have been satisfied for the relevant calendar year, (b) 0.00% if only one of the Sustainability Performance Targets as set forth in the KPI Metrics Report has been satisfied for the relevant calendar year and (c) negative 0.02% if both of the Sustainability Performance Targets as set forth in the KPI Metrics Report have been satisfied for the relevant calendar year.
Sustainability Commitment Fee Adjustment means, with respect to any KPI Metrics Report, for any period between Sustainability Pricing Adjustment Dates, the sum of (a) 0.50 basis points for each KPI Metric which meets or exceeds the Successful Completion Threshold as set forth in the KPI Metrics Report for the relevant calendar year, minus (b) 0.50 basis points for each KPI Metric which fails to meet the Partially Successful Completion Threshold as set forth in the KPI Metrics Report for the relevant calendar year.