Rate Adjustment definition

Rate Adjustment means each of the events giving rise to an adjustment to the Rate of Interest payable on the Notes as described in (i)(A) and (i)(B) above.

Rate Adjustment means a change in an existing Rate or Rates, or the establishment of a Rate or Rates for a new service. It does not include a change in Rate Schedule provisions or in contract terms, other than changes in the price per unit of service, nor does it include changes in the monetary charge pursuant to a formula stated in a Rate Schedule or a contract.

Rate Adjustment means a rate increase or decrease to adjust for cost changes not reflected in the historical period;

Examples of Rate Adjustment in a sentence

• Any Successor Rate, Alternative Rate, Adjustment Spread and the specific terms of any Benchmark Amendments, determined under this Condition 4.6 will be notified promptly by the Issuer to the Agent, or if applicable, Calculation Agent, the Paying Agents and, in accordance with Condition 13 (Notices), the Noteholders.

• Any Successor Rate, Alternative Rate, Adjustment Spread and the specific terms of any Benchmark Amendments, determined under this Condition 4(b)(iii) will be notified promptly by the Issuer to the Agent, the Paying Agents and, in accordance with Condition 13, the Noteholders.

• The Rate Adjustment Factor for the Rate Year shall equal the Total Rate Revenue Requirement (inclusive of calculations of Franchise Fees and Other Agency Fees) for the Rate Year divided by the Total Rate Revenue Requirement for the Current Rate Year, rounded to the nearest hundredth of a percent.

• For example, if the 2021 Total Rate Revenue Requirement, calculated in accordance with subsections A through J, above, is $4,400,000, then dividing that amount by the Draft Rate Year 2020 total Rate Revenue Requirement of $4,289,634 yields a Rate Adjustment Factor, effective January 1, 2021, of an increase of 2.57% overall for the Town.

• The below “Flow Rate Adjustment Factor” graph is the cost curve relating the treatment cost per thousand gallons as a function of overall size.

More Definitions of Rate Adjustment

Rate Adjustment means, an adjustment which may be zero or a positive or negative value, and:

Rate Adjustment means, with respect to any Index Transition for any applicable Pricing Rate Period and Available Tenor, an adjustment which may be zero (0) or a positive or negative value, and which adjustment shall be the first alternative set forth in the order below:

Rate Adjustment means in the event that the rates in effect on the date of this Agreement for residential and business customers of the Business are (a) decreased, (b) neither increased nor decreased, or (c) increased by less than 10%, in each case, on a consolidated basis based on local revenue requirements, pursuant to a Final Order by the PSC with respect to the Rate Case, then an amount calculated in accordance with Schedule 1.C.

Rate Adjustment means the change in rates resulting from an annual formula rate review under the FRRA as reflected in Attachment A-1 to the Evaluation Report.

Rate Adjustment. The effective Loan Rate will remain fixed for the duration of each Term. Prior to Schedule funding, Lender will adjust the Loan Rate in order to maintain its originally anticipated rate of return if there is a change in the yield on the U.S. Treasury Bills, as quoted in the Federal Reserve statistical release H.15 (519), from the Index Basis specified in this proposal letter, by the amount of such change.

Rate Adjustment. The interest rate payable on the Notes will be subject to adjustment based on certain rating events as described under the caption “Description of notes—Interest—Interest rate adjustment of the notes based on certain rating events” in the Preliminary Prospectus Supplement dated July 18, 2023. Public Offering Price: 99.000% of the principal amount Yield to Maturity: 9.506% Spread to Benchmark Treasury: T+ 551.3bps Benchmark Treasury: 4.000% due June 30, 2028 Annex D–Page 1 Benchmark Treasury Price and Yield: 100-01 / 3.993% Expected Ratings (Xxxxx’x/S&P)*: [Reserved]. / [Reserved]. Interest Payment Dates: January 20 and July 20 commencing January 20, 2024 Annex D–Page 2 Optional redemption: Make-Whole Call: Prior to June 20, 2028, based on the Treasury Rate (as defined in the preliminary prospectus supplement) plus 50 basis points Par Call: On or after June 20, 2028 (1 month prior to the maturity date), the redemption price will be equal to 100% of the principal amount of the notes being redeemed, plus accrued and unpaid interest thereon to, but not including, the applicable redemption date Trade date: July 18, 2023 Settlement date: July 20, 2023 (T+2) Impact on Annual Interest Expense: Assuming $400 million in aggregate principal amount of the Issuer’s outstanding 4.45% Senior Notes due 2024 (“2024 Notes”) is validly tendered and accepted for purchase in the Issuer’s concurrent cash tender offer for the 2024 Notes, annual interest expense would increase by approximately $20.2 million per annum. CUSIP: 000000XX0 ISIN: US720198AG56 Denominations/Multiple: $2,000 and integral multiples of $1,000 in excess thereof. Joint Book-Running Managers: X.X. Xxxxxx Securities LLC BofA Securities, Inc. Truist Securities, Inc. TD Securities (USA) LLC Xxxxx Fargo Securities, LLC Xxxxxx Xxxxxxx & Co. LLC U.S. Bancorp Investments, Inc. Scotia Capital (USA) Inc. Annex D–Page 3 Co-Managers: PNC Capital Markets LLC Xxxxxx X. Xxxxxxx & Company, Inc. * A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting XXXXX on the SE...

Rate Adjustment. The rate will be adjusted at the time of takedown to the extent of any increase in the yield of 48 month Treasury Notes which yielded 5.78% on October 25, 1995.