Sustainability Pricing Adjustment definition

Sustainability Pricing Adjustment has the meaning given to this term in the Sustainability Pricing Adjustment Schedule.
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Sustainability Pricing Adjustment means, the following upward or downward adjustment to the Margin, as applicable, effective on the next Repayment Date occurring after the date of delivery of the Sustainability Certificate (other than with respect to the Sustainability Certificate delivered under Part B of Schedule 4 (Conditions Precedent) hereto which shall be effective on the Closing Date), or if no such Sustainability Certificate is delivered, the next Repayment Date occurring after the date it was required to be delivered:
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Sustainability Pricing Adjustment means, with respect to any Fiscal Year of the Borrower (commencing with the Fiscal Year ending on December 31, 2022), any non- cumulative change to the Applicable Margin resulting from the reported levels of the SPT Metrics in the Sustainability Certificate delivered in respect of such Fiscal Year in accordance with Section 3.9, determined in accordance with the Sustainability Adjustment Grid, and applicable during the relevant Adjusted Pricing Period. The change in the Applicable Margin shall be the net amount of the increases and decreases (if any) corresponding to the level of each of the SPT Metrics with respect to such Fiscal Year set forth in the Sustainability Adjustment Grid and reported in the Sustainability Certificate. For greater certainty, if any change to the Applicable Margin as a result of any Sustainability Pricing Adjustment during the relevant Adjusted Pricing Period shall reduce such Applicable Margin to a negative amount, such Applicable Margin shall be deemed to be equal to zero for such Adjusted Pricing Period. (241) “TAH” means Tricon American Homes LLC, a Delaware company. (242) “TAH Vertical” means direct investments, or investments made through Investment Vehicles, in the Borrower’s single-family rental business, which includes, for greater certainty, the business of TAH and its Subsidiaries. (243) “Target” has the meaning given to it in Section 1.1(3). (244) “Taxes” means all present and future taxes, surtaxes, duties, levies, imposts, rates, fees, assessments, withholdings, dues and other charges of any nature imposed by any Governmental Authority (including income, capital (including large corporations), withholding, consumption, sales, use, transfer, goods and services or other value-added, excise, customs, anti-dumping, countervail, net worth, stamp, registration, franchise, payroll, employment, health, education, business, school, property, local improvement, development, education development and occupation taxes, surtaxes, duties, levies, imposts, rates, fees, assessments, withholdings, dues and charges) together with all fines, interest, penalties on or in respect of, or in lieu of or for non- collection of, those taxes, surtaxes, duties, levies, imposts, rates, fees, assessments, withholdings, dues and other charges. (245) “Terminated Lender” has the meaning given to it in Section 14.1(5). (246) “Term XXXXX” means, for the applicable corresponding tenor, the forward-looking term rate based on XXXXX that has been selecte...
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Examples of Sustainability Pricing 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.

  • It is further understood and agreed that the Applicable Rate for Loans incurred by the Borrowers will never be reduced or increased by more than 0.05% and that the Applicable Rate for the Unused Line Fee will never be reduced or increased by more than 0.01%, pursuant to the Sustainability Margin Adjustment and the Sustainability Fee Adjustment, respectively, on any Sustainability Pricing Adjustment Date.

  • It is hereby understood and agreed that if no such Pricing Certificate is delivered by the Borrower within the period set forth in Section 5.01(i)(vii), the Sustainability Margin Adjustment will be positive 0.04% and the Sustainability Fee Adjustment will be a positive 0.01%, in each case commencing on the applicable Sustainability Pricing Adjustment Date and continuing until the Borrower delivers a Pricing Certificate to the Agent.

  • The adjustments pursuant to this Section made on any Sustainability Pricing Adjustment Date shall only apply for the period until the date immediately preceding the next Sustainability Pricing Adjustment Date.

  • Each change in the Applicable Rate on any Sustainability Pricing Adjustment Date shall be effective during the period commencing on and including such Sustainability Pricing Adjustment Date and ending on the date immediately preceding the next Sustainability Pricing Adjustment Date.

  • Each change in the Applicable Rate and the Commitment Fee resulting from a Sustainability Certificate shall be effective during the period commencing on and including the applicable Sustainability Pricing Adjustment Date and ending on the date immediately preceding the next such Sustainability Pricing Adjustment Date.

  • Our promises would be contingent on no new offenses between now and the date of sentencing and also that he continues to participate * * * in Racing for Recovery program.

  • With respect to the “logical address” construction, the Court noted that a dependent claim in the ’3,561 Patent limits the “network code” to a “logical address of the network element,” and it agreed with Sprint that such a dependent claim suggests that “network code” as used in the independent claim was not intended to be limited to mean “logical address.” See id.


More Definitions of Sustainability Pricing Adjustment

Sustainability Pricing Adjustment has the meaning given to this term in the Sustainability Pricing Adjustment Schedule. Sustainability Pricing Adjustment Schedule means Schedule 15 (Sustainability Pricing Adjustment Schedule), as amended from time to time in accordance with Clause 41 (Amendments and waivers) of this Agreement.
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Related to Sustainability Pricing Adjustment

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.

  • Reliability pricing model or "RPM" means PJM's capacity-

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Level V Pricing applies on any day if no other Pricing Level applies on such day.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Maximum Special Tax means the maximum Special Tax, determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Applicable Pricing Grid the pricing grid set forth below: Consolidated Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for ABR Loans Greater than or equal to 3.0 to 1.0 2.00% 1.00% Less than 3.0 to 1.0 1.75% 0.75% For the purposes of the Applicable Pricing Grid, the Consolidated Leverage Ratio shall be calculated as of the last day of each fiscal quarter and changes in the Applicable Margin resulting from changes in the Consolidated Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which financial statements are delivered to the Lenders pursuant to Section 6.1 with respect to such fiscal quarter (or the fiscal year ending with such fiscal quarter, as applicable) and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified in Section 6.1, then, until the date that is three Business Days after the date on which such financial statements are delivered, the highest rate set forth in each column of the Applicable Pricing Grid shall apply. In addition, at all times while an Event of Default shall have occurred and be continuing, the highest rate set forth in each column of the Applicable Pricing Grid shall apply.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $50,378.70, plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

  • Level II Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A or higher by S&P or A2 or higher by Moody’s and (ii) Level I Pricing does not apply.

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Level III Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A- or higher by S&P or A3 or higher by Moody’s and (ii) neither Level I Pricing nor Level II Pricing applies.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.