Common use of Information Concerning Rates Clause in Contracts

Information Concerning Rates. (a) The Applicable Percentage and Applicable Spread on the date of the Agreement are those rates as determined by the Trust and provided to the Auction Agent on the date even herewith. If there is any change in the credit rating of APS by the rating agency (or substitute or successor rating agencies) referred to in the definition of Applicable Percentage or Applicable Spread resulting in any change in the Applicable Percentage or Applicable Spread for APS after the date given herewith, the Trust shall notify the Auction Agent in writing of such change in the Applicable Percentage or Applicable Spread prior to 12:00 Noon on the Business Day prior to the next Auction Date for any series of APS succeeding such change. In determining the Maximum Rate for any series of APS on any Auction Date as set forth in 2.6(a)(i) hereof, the Auction Agent shall be entitled to rely on the last Applicable Percentage and Applicable Spread for APS of which it has most recently received notice from the Trust (or, in the absence of such notice, the percentage determined by reference to the definition of Applicable Percentage or Applicable Spread).

Information Concerning Rates. (a) The Applicable Percentage and the Applicable Spread on the date of the Agreement are those rates as determined by the Trust Fund and provided to the Auction Agent on the date even herewith. If there is any change in the credit rating of APS AMPS by the rating agency (or substitute or successor rating agencies) referred to in the definition of "Applicable Percentage or Percentage" and "Applicable Spread Spread" resulting in any change in the Applicable Percentage or Applicable Spread for APS AMPS after the date given herewith, the Trust Fund shall notify the Auction Agent in writing of such change in the Applicable Percentage or Applicable Spread prior to 12:00 Noon on the Business Day prior to the next Auction Date for any series of APS AMPS succeeding such change. In determining the Maximum Rate for any series of APS AMPS on any Auction Date as set forth in 2.6(a)(i) hereof, the Auction Agent shall be entitled to rely on the last Applicable Percentage and Applicable Spread for APS AMPS of which it has most recently received notice from the Trust Fund (or, in the absence of such notice, the percentage or spread determined by reference to the definition of Applicable Percentage or and Applicable Spread, respectively).

Information Concerning Rates. (a) The Applicable Percentage and the Applicable Spread on the date of the Agreement are those rates as determined by the Trust Fund and provided to the Auction Agent on the date even herewith. If there is any change in the credit rating of APS AMPS by the rating agency (or substitute or successor rating agencies) referred to in the definition of "Applicable Percentage or Percentage" and "Applicable Spread Spread" resulting in any change in the Applicable Percentage or Applicable Spread for APS AMPS after the date given herewith, the Trust Fund shall notify the Auction Agent in writing of such change in the Applicable Percentage or Applicable Spread prior to 12:00 Noon on the Business Day prior to the next Auction Date for any series of APS AMPS succeeding such change. In determining the Maximum Applicable Rate for any series of APS AMPS on any Auction Date as set forth in 2.6(a)(i) hereof, the Auction Agent shall be entitled to rely on the last Applicable Percentage and Applicable Spread for APS AMPS of which it has most recently received notice from the Trust Fund (or, in the absence of such notice, the percentage or spread determined by reference to the definition of Applicable Percentage or and Applicable Spread, respectively).

Information Concerning Rates. (a) The Applicable Percentage and the Applicable Spread on the date of the Agreement are those rates as determined by the Trust Fund and provided to the Auction Agent on the date even herewith. If there is any change in the credit rating of APS AMPS by the rating agency (or substitute or successor rating agencies) referred to in the definition of "Applicable Percentage or Percentage" and "Applicable Spread Spread" resulting in any change in the Applicable Percentage or Applicable Spread for APS AMPS after the date given herewith, the Trust Fund shall notify the Auction Agent in writing of such change in the Applicable Percentage or Applicable Spread prior to 12:00 Noon on the Business Day prior to the next Auction Date for any series of APS AMPS succeeding such change. In determining the Maximum Rate for any series of APS AMPS on any Auction Date as set forth in 2.6(a)(i) hereof, the Auction Agent shall be entitled to rely on the last Applicable Percentage and Applicable Spread for APS AMPS of which it has most recently received notice from the Trust Fund (or, in the absence of such notice, the percentage or spread determined by reference to the definition of Applicable Percentage or and Applicable Spread), respectively.