Adjustment Rate means the figure equal to one minus the Company's highest marginal tax rate for the previous calendar year.
Adjustment Rate means the percentage used to determine the adjustment under this rider.
Adjustment Rate means, subject as provided below, the adjustment rate that is to apply in respect of any Reset Date if an Index Cessation Event in respect of six-month sterling LIBOR has occurred on or before the relevant Reset Determination Date, being the rate specified on Bloomberg screen "SBP0006M Index", or any successor page, as calculated by Bloomberg Index Services Limited (or a successor provider as approved and/or appointed by ISDA from time to time) in relation to Sterling LIBOR in such tenor on the date such Index Cessation Event occurs, provided that: (a) if such screen rate is negative, the Adjustment Rate shall be deemed to be 0 per cent.; and (b) if, in relation to any Reset Date (i) the Mid-Market Swap Rate is Mid-Market Swap Rate (SONIA) and (ii) no Five-year Mid-Swap Rate Quotations (SONIA) are provided on the relevant Reset Determination Date, where applicable, and therefore the Reset Reference Bank Rate (SONIA) is either (a) 0.854 per cent. per annum or (b) the Mid-Market Swap Rate in respect of the immediately preceding Reset Date is Mid-Market Swap Rate (LIBOR), then the Adjustment Rate in respect of such Reset Date only shall be deemed to be 0 per cent;
Examples of Adjustment Rate in a sentence
On each subsequent Change Date, the Adjusted Basic Monthly Benefit on and after that Change Date is equal to the Adjusted Basic Monthly Benefit before that Change Date, multiplied by the Adjustment Rate of that Change Date.
On the first Change Date, we will adjust the Basic Monthly Benefit by multiplying the Basic Monthly Benefit by the Adjustment Rate.
If this ratio is greater than [1.03] [1.06], then the Adjustment Rate shall be [1.03] [1.06].
If this ratio is less than 1.00, the Adjustment Rate shall be 1.00.
The Adjustment Rate is calculated by dividing the CPI-U for the calendar month four months before the Change Date by the CPI-U for the calendar month 16 months before that Change Date.
More Definitions of Adjustment Rate
Adjustment Rate means the figure equal to one minus the Holding Company’s highest marginal tax rate for the current calendar year.
Adjustment Rate is the percentage change, rounded to two decimals, between the Base Period EMA and the Escalation Month EMA. Adjusted rent is determined as follows:
Adjustment Rate means, subject as provided below, the adjustment rate that is to apply in respect of any Reset Date if an Index Cessation Event in respect of six-month sterling LIBOR has occurred on or before the Coupon Determination Date, being the rate specified on Bloomberg screen "SBP0006M Index", or any successor page, as calculated by Bloomberg Index Services Limited (or a successor provider as approved and/or appointed by ISDA from time to time) in relation to Sterling LIBOR in such tenor on the date such Index Cessation Event occurs, but if such screen rate is negative, the Adjustment Rate shall be deemed to be 0 per cent.; provided that if, in relation to any Reset Period, the Coupon Rate applicable to the TONs during such Reset Period shall be that determined as at the last preceding Coupon Determination Date and such Coupon Rate was determined in accordance with Condition 5(b)(ii), then the Adjustment Rate in respect of such Reset Period only shall be deemed to be 0 per cent.;
Adjustment Rate means, subject as provided below, the adjustment rate that is to apply in respect of any Interest Payment Date if an Index Cessation Event in respect of six-month sterling LIBOR has occurred on or before the Interest Determination Date, being the rate specified on Bloomberg screen "SBP0006M Index", or any successor page, as calculated by Bloomberg Index Services Limited (or a successor provider as approved and/or appointed by ISDA from time to time) in relation to Sterling LIBOR in such tenor on the date such Index Cessation Event occurs: provided that if, in relation to any Interest Period, the Rate of Interest applicable to the Notes during such Interest Period shall be that determined as at the last preceding Interest Determination Date and such Rate of Interest was determined in accordance with Condition 6(C)(I), then the Adjustment Rate in respect of such Interest Period only shall be deemed to be 0 per cent.;
Adjustment Rate for a specified year shall mean a percentage equal to the greater of (i) the Index Growth Rate for the year immediately preceding such specified year divided by the Prior Three-Year Index Growth Rate for the year immediately preceding such specified year and (ii) 50%.
Adjustment Rate means, for each Plan Year, the lesser of (a) the Moody’s Rate in effect as of the first business day of the Plan Year, or (b) the Applicable Federal Rate in effect for the first month of the Plan Year.