Specific adjustments regarding credit indices and index tranches Sample Clauses

Specific adjustments regarding credit indices and index tranches. With respect to a credit index or an index tranche referred to in the payouts entitled "Basket/Index Credit Linked Notes"; "Index Tranche Credit Linked Notes", "nth to Default Credit Linked Notes Early Redeemed" and "nth to Default Credit Linked Notes Redeemed at Maturity" in paragraph Error! Reference source not found. of the Technical Annex, upon the occurrence of an event that the Calculation Agent considers, acting in a commercially reasonable manner, as materially impacting the credit index or the index tranche (including but not limited to trading disruptions, market instability or force majeure events), the Calculation Agent shall:
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Related to Specific adjustments regarding credit indices and index tranches

  • Rental Rates and Wage Rates for Change Orders As soon as is practical, but prior to the completion of the Construction Preparation Period and in any event prior to the commencement of any Work on the Site, the Contractor shall submit in accordance with the style and format of a specimen to be furnished by the Owner for consideration of the Owner the following: (1) a proposal for rental rates on heavy construction equipment that shall apply in the event Change Order Work is performed, and (2) a proposal for wage rates for the types of project labor that shall apply in the event of the execution of any Change Order Work. Under penalty of false swearing, a principal of the contracting firm shall certify that the proposal for rental rates and proposal for wage rates do not exceed current costs for like services. The Owner will in no event consider a rental rate in excess of eighty percent of the rate set forth in the latest edition of the "Compilation of Nationally Averaged Rental Rates for Construction Equipment" of the Associated Equipment Distributors unless the rates proposed in excess of eighty percent are supported by proof satisfactory to the Owner that the excess rates are reasonable. If the equipment is owned by the Contractor the costs shall be charged at a maximum of eighty percent of market monthly rental rates for the amount of time used. If applicable, transportation costs may be included. The decision of the Owner shall be final, binding and conclusive on all parties. Rental rates shall be payable only for the actual time the equipment is required on the Site.

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