Weekly Variable Rate Option. At a rate per annum equal to the rate of interest established by CoBank on the first Business Day of each week (the “Variable Rate Option”). The rate established by CoBank shall be effective until the first Business Day of the next week and each change in the rate shall be applicable to all balances subject to this option. Information about the then current rate shall be made available upon telephonic request.
Appears in 4 contracts
Samples: Note and Supplement (Connecticut Water Service Inc / Ct), Note and Supplement (Pennichuck Corp), Note and Supplement (Pennichuck Corp)
Weekly Variable Rate Option. At a rate per annum equal to the rate of interest established by CoBank on the first Business Day of each week (the “Variable Rate Option”). The rate established by CoBank shall be effective until the first Business Day of the next week and each week. Each change in the rate shall be applicable to all balances subject to this option. Information option and information about the then current rate shall be made available upon telephonic request.
Appears in 3 contracts
Samples: Note and Supplement (Middlesex Water Co), Revolving Credit Agreement (Artesian Resources Corp), Revolving Credit Agreement (Artesian Resources Corp)
Weekly Variable Rate Option. At a rate per annum equal to the rate of interest established by CoBank on the first “Business Day Day” (as defined in the MLA) of each week (the “Variable Rate Option”). The rate established by CoBank shall be effective until the first Business Day of the next week and each may not exceed CoBank’s “National Variable Rate” (as_defined in the MLA) on that day. Each change in the rate shall be applicable to all balances subject to this option. Information Variable Rate Option and information about the then current rate shall be made available upon telephonic request.
Appears in 1 contract
Samples: Promissory Note and Supplement (Southwest Water Co)
Weekly Variable Rate Option. At a rate per annum equal to the rate of interest established by CoBank for the Company in CoBank’s sole and absolute discretion on the first Business Day of each week (the “Variable Rate Option”). The rate of interest so established by CoBank shall be effective until from and including the first Business Day of each week to and excluding the first Business Day of the next week and each week. Each change in the rate shall be applicable to all balances subject to this option. Information , without the necessity of notice provided to the Company, and information about the Company’s then current rate shall be made available upon telephonic request.
Appears in 1 contract
Samples: Combination Water Utility Real Estate Mortgage and Security Agreement (Middlesex Water Co)
Weekly Variable Rate Option. At a rate per annum equal to the rate of interest established by CoBank on the first Business Day of each week (the “Variable Rate Option”). The rate established by CoBank shall be effective until the first Business Day of the next week and each change in the rate shall be applicable to all balances subject to this option. Information about the then current rate shall be made available upon telephonic request.. (2)
Appears in 1 contract
Samples: www.sec.gov
