DISTRIBUTION RATES Clause Samples
DISTRIBUTION RATES. The distribution rate on Preferred Shares during the period from and after the Date of Original Issue of Preferred Shares to and including the last day of the Initial Rate Period of such Preferred Shares shall be equal to the rate per annum determined with respect to such Preferred Shares pursuant to a resolution of the Board of Trustees, as set forth under "Designation." The initial distribution rate on any series of preferred shares subsequently established by the Trust shall be the rate set forth in or determined in accordance with the resolutions of the Board of Trustees establishing such series. For each Subsequent Rate Period of Preferred Shares, the distribution rate on such Preferred Shares shall be equal to the rate per annum that results from an Auction for shares of the Series on the Auction Date next preceding such Subsequent Rate Period (but the rate set at the Auction will not exceed the Maximum Rate); PROVIDED, HOWEVER, that if:
DISTRIBUTION RATES. The distribution rate on Preferred Shares during the period from and after the Date of Original Issue of Preferred Shares to and including the last day of the Initial Rate Period of such Preferred Shares shall be equal to the rate per annum determined with respect to such Preferred Shares pursuant to a resolution of the Board of Trustees, as set forth under "Designation." The initial distribution rate on any series of preferred shares subsequently established by the Trust shall be the rate set forth in or determined in accordance with the resolutions of the Board of Trustees establishing such series. For each Subsequent Rate Period of Preferred Shares, the distribution rate on such Preferred Shares shall be equal to the rate per annum that results from an Auction for shares of the Series on the Auction Date next preceding such Subsequent Rate Period (but the rate set at the Auction will not exceed the Maximum Rate); PROVIDED, HOWEVER, that if:
(A) subject to Section 9 of Part II, an Auction for any Subsequent Rate Period of Preferred Shares is not held for any reason other than as described below or if Sufficient Clearing Orders have not been made in an Auction (other than as a result of all Preferred Shares being the subject of Submitted Hold Orders), then the distribution rate on the shares of the Series for such Subsequent Rate Period will be the Maximum Rate of the Series on the Auction Date therefor;
(B) any Failure to Deposit shall have occurred with respect to shares of the Series during any Rate Period thereof (other than any Special Rate Period consisting of more than 364 Rate Period Days or any Rate Period succeeding any Special Rate Period consisting of more than 364 Rate Period Days during which a Failure to Deposit occurred that has not been cured), but, prior to 12:00 Noon, Eastern time, on the third Business Day next succeeding the date on which such Failure to Deposit occurred, such Failure to Deposit shall have been cured in accordance with paragraph (f) of this Section 2 and the Trust shall have paid to the Auction Agent a late charge ("Late Charge") equal to the sum of (1) if such Failure to Deposit consisted of the failure timely to pay to the Auction Agent the full amount of distributions with respect to any Distribution Period of shares of the Series, an amount computed by multiplying (x) 200% of the Reference Rate for the Rate Period during which such Failure to Deposit occurs on the Distribution Payment Date for such Distribution Pe...
DISTRIBUTION RATES. VTAPE sets its distribution rates for screenings, exhibitions, acquisitions, educational licenses, broadcasts, online presentations, and other distribution transactions with reference to fee schedules published by Canadian artist-run organizations such as Canadian Artists Representation / Le Front des Artistes Canadiens and the Independent Media Arts Alliance / L’Alliance des arts médiatiatiques indépendents. These rates may be changed by VTAPE from time to time without notice. Subject to VTAPE’s prior written consent, the Artist/Producer may establish minimum price guidelines or specific requirements for licensing arrangements, which shall be outlined below in SPECIFICATIONS & RESTRICTIONS. Otherwise, VTAPE may enter any licensing arrangement that is reasonable and consistent with prevailing market conditions. VTAPE is occasionally approached by clients about possible discounts. If the Artist/ Producer agrees to allow VTAPE to negotiate discounts, where a discount is judged to be warranted, please initial here: DISTRIBUTION RATE SPECIFICATIONS & RESTRICTIONS:
DISTRIBUTION RATES. The Settling Parties agree the Company’s annual distribution revenue requirement associated with the revenue increase described in Section 2.1, above, shall be allocated to customer classes as indicated in Exhibit 3, which is attached to this Settlement Agreement. This exhibit includes the permanent distribution rates (designated as “Proposed Charges”) at pages 4 and 5. As agreed by the Settling Parties, the residential classes’ customer charges will be set at $19.00 per month (low income rate customer charges will then be adjusted in the same manner as the Company’s original proposal) and no residential classes’ revenue increase percentage shall exceed 150% of the overall average percentage increase or be less than 50% of the overall average percentage increase.
DISTRIBUTION RATES. The Settling Parties agree the Company’s annual distribution revenue requirement associated with the revenue increase described in Section 2.1, above, shall be allocated to customer classes as indicated in Exhibit 2, which is attached to this Settlement Agreement. This exhibit includes the permanent distribution rates (designated as “Permanent Rates”), at page 9 of 10. As agreed by the Settling Parties, the residential classes’ fixed monthly customer charges will not change and no classes’ revenue increase percentage shall exceed 125% of the overall average percentage increase. The Residential share of the base rate and step increases (described below) will be allocated first to the R5 and R10 tail blocks up until those tail blocks are equal to the first block, and then will be allocated to both blocks equally. Class revenue increase percentages resulting from Permanent Rates are shown at pages 3 and 6 of Exhibit 2.
DISTRIBUTION RATES. 9.1.5.1. MANNA will provide sample distribution rates that agencies may use, or agencies may develop their own. MANNA will provide a sample rate quarterly, after a list of TEFAP food for that quarter is received. The distribution rate must remain the same throughout the entire distribution.
9.1.5.2. Rates do not have to remain the same for all items, e.g., 1 or 2 cans of beef stew for small or large families, but 1 bag of mixed nuts per person in the family.
DISTRIBUTION RATES. Under the terms of the Agreement, Unitil agreed that Concord Electric Company (CECo) and Exeter & Hampton Electric Company (E&H) would not file for an increase in retail distribution base rates prior to July 1, 1999, and that they would not seek to increase rates for any billing period prior to January 1, 2000, except under certain limited circumstances. Based on how this provision was described at the hearing, the Commission believed this was in the nature of a cap on rates for the time periods specified. There was nothing in the Agreement, however, that would preclude the Commission from calling in the companies to consider a rate decrease during this period. Given the fact that competition was scheduled to be implemented on March 1, 1999, the Commission required an amendment to section 2.2.1 of the Agreement such that the companies would agree to not make a filing or seek an increase in base rates until one year after the implementation of competition.