Common use of Reset Rate Clause in Contracts

Reset Rate. (a) In connection with each Remarketing, in order to remarket the Series A Notes, the Remarketing Agent, in consultation with the Company, may reset the interest rate on the Series A Notes either upward or downward, as provided in the Remarketing Agreement, the new interest rate being referred to herein as the “Reset Rate.”

Appears in 3 contracts

Samples: Fourth Supplemental Indenture (Dominion Resources Inc /Va/), Dominion Resources Inc /Va/, Laclede Group Inc

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Reset Rate. (a) In connection with each Remarketing, in order to remarket the Series A Notes, the Remarketing Agent, in consultation with the Company, may reset the interest rate on the Series A Notes either upward or downwarddownward or, if the Notes are remarketed as floating-rate notes, determine the reset spread above an interest rate index selected by the Company applicable to the Notes, as provided in the Remarketing Agreement, Agreement (the new interest rate in the case of fixed-rate notes, and the interest rate index plus the reset spread, in the case of floating-rate notes, being referred to herein as the “Reset Rate”).

Appears in 1 contract

Samples: Indenture (Dte Energy Co)

Reset Rate. (a) In connection with each Remarketing, in order to remarket the Series A A-2 Notes, the Remarketing Agent, in consultation with the Company, may reset the interest rate on the Series A A-2 Notes either upward or downward, as provided in the Remarketing Agreement, the new interest rate being referred to herein as the “Reset Rate.”

Appears in 1 contract

Samples: Twelfth Supplemental Indenture (Dominion Resources Inc /Va/)

Reset Rate. (a) In connection with each Remarketing, in order to remarket the Series A B Notes, the Remarketing AgentAgent(s), in consultation with the Company, may reset the interest rate on the Series A B Notes either upward or downward, as provided in the Remarketing Agreement, the new interest rate being referred to herein as the “Reset Rate.”

Appears in 1 contract

Samples: Supplemental Indenture (South Jersey Industries Inc)

Reset Rate. (a) In connection with each Remarketing, in order to remarket the Series A Notes, the Remarketing Agent, in consultation with the Company, may reset the interest rate on the Series A Notes either upward or downwarddownward or, if the Notes are remarketed as floating-rate notes, may determine the reset spread above an interest rate index selected by the Company applicable to the Notes, as provided in the Remarketing Agreement, Agreement (the new interest rate in the case of fixed-rate notes, and the interest rate index plus the reset spread, in the case of floating-rate notes, being referred to herein as the “Reset Rate”).

Appears in 1 contract

Samples: Dte Energy Co

Reset Rate. (a) In connection with each Remarketing, in order to remarket the Series A B Notes, the Remarketing Agent, in consultation with the Company, may reset the interest rate on the Series A B Notes either upward or downward, as provided in the Remarketing Agreement, the new interest rate being referred to herein as the “Reset Rate.”

Appears in 1 contract

Samples: Dominion Resources Inc /Va/

Reset Rate. (a) In connection with each Remarketing, in order to remarket the Series A Notes, the Remarketing Agent, in consultation with the Company, may reset the interest rate on the Series A Notes either upward or downward, as provided in the Remarketing Agreement, the new interest rate being referred to herein as the “Reset Rate.”

Appears in 1 contract

Samples: Anthem, Inc.

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Reset Rate. (a) In connection with each Remarketing, in order to remarket the Series A 2019B Notes, the Remarketing Agent, in consultation with the Company, may reset the interest rate on the Series A 2019B Notes either upward or downward, as provided in the Remarketing Agreement, the new interest rate being referred to herein as the “Reset Rate.”

Appears in 1 contract

Samples: Southern Co

Reset Rate. (a) In connection with each Remarketing, in order to remarket the Series A Notes, the Remarketing AgentAgent(s), in consultation with the Company, may reset the interest rate on the Series A Notes either upward or downward, as provided in the Remarketing Agreement, the new interest rate being referred to herein as the “Reset Rate.”

Appears in 1 contract

Samples: Supplemental Indenture (South Jersey Industries Inc)

Reset Rate. (a) In connection with each Remarketing, in order to remarket the Series A 2019A Notes, the Remarketing Agent, in consultation with the Company, may reset the interest rate on the Series A 2019A Notes either upward or downward, as provided in the Remarketing Agreement, the new interest rate being referred to herein as the “Reset Rate.”

Appears in 1 contract

Samples: Southern Co

Reset Rate. (a) In connection with each Remarketing, in order to remarket the Series A A-1 Notes, the Remarketing Agent, in consultation with the Company, may reset the interest rate on the Series A A-1 Notes either upward or downward, as provided in the Remarketing Agreement, the new interest rate being referred to herein as the “Reset Rate.”

Appears in 1 contract

Samples: Eleventh Supplemental Indenture (Dominion Resources Inc /Va/)

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