Common use of Rate Reductions Clause in Contracts

Rate Reductions. The Borrower shall not, without first complying with the requirements of Section 9.1, decrease its Rates if it has failed to comply with the provisions of Section 13.14 of the Indenture for the fiscal year prior to such reduction.

Appears in 10 contracts

Samples: Loan Contract (Oglethorpe Power Corp), Loan Contract (Oglethorpe Power Corp), Loan Contract (Oglethorpe Power Corp)

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Rate Reductions. The Borrower shall not, without first complying with the requirements of Section 9.18.1, decrease its Rates if it has failed to comply with the provisions of Section 13.14 of the Indenture for the fiscal year prior to such reduction.

Appears in 1 contract

Samples: Loan Contract (Oglethorpe Power Corp)

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Rate Reductions. The Borrower shall not, without first complying with the requirements of Section 9.19.1 hereof, decrease its Rates if it has failed to comply with the provisions of Section 13.14 of the Indenture for the fiscal year prior to such reduction.

Appears in 1 contract

Samples: Loan Contract (Oglethorpe Power Corp)

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