Annual Rate Adjustment definition

Annual Rate Adjustment means the adjustment in Service Charges for a calendar year as determined by the Concessionaire pursuant to Section 7.1(e)
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Annual Rate Adjustment means the annual adjustment of Maximum Service Rates by the greater of (i) an increase of three percent (3%) or (ii) the percentage increase in CPI for the prior 12-month period (March of the current year to March of the prior year) plus one percent (1%) (i.e., CPI +1).
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Annual Rate Adjustment or “ARA” has the meaning provided in Section 9.7.139.7.1(a).
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Examples of Annual Rate Adjustment in a sentence

  • Each such Annual Rate Adjustment and the resulting new Schedule of Service Charges shall take effect as of the first day of the calendar year and shall remain in effect for the entire calendar year.

  • DRAFTFor the July 1, 2023 Annual Rate Adjustment only, the then current service rates to be adjusted shall be the average of the Collection Service Rates for the previous 12 months.For the July 1, 2023 and July 1, 2024 Annual Rate Adjustments, after the Annual Rate Adjustment is calculated according to this Section 4.02, the phased organics collection amounts shown in Exhibit 1 shall be added to the new Collection Service Rates.

  • The Annual Rate Adjustment for any such calendar year may not result in an increase in Service Charges for each class or type of Utility Service in excess of the Permitted Annual Rate Adjustment for that calendar year.

  • We then multiply that times 85% as allowed in the contract, resulting in an Annual Rate Adjustment of 2.38%.

  • EUGENE WATER & ELECTRIC BOARD TO: Commissioners Simpson, Brown, Helgeson, Manning and MitalFROM: Mel Damewood, Engineering Manager and Dean Ahlsten, Compliance Officer DATE: March 15, 2016SUBJECT: Annual Rate Adjustment for Dark Fiber Lease OBJECTIVE: Approval of Resolution No. 1616 Issue Statement Board Resolution No. 1304 – ‘Dark Fiber Lease Rate Revisions’ authorizes the General Manager to adjust the rate annually, based upon the City of Portland, Oregon’s Consumer Price Index (CPI).

  • On motion of Councilmember Tessari and second by Councilmember Rigby, the City Council voted unanimously to approve the payment of warrants as submitted by the Finance Department.10.5 Waste Management 2020-2021 Annual Rate Adjustment Request Mayor Plott opened the public comment period.The following individual(s) provided public comment:  Michael O’Connor, Eastvale Resident Glenda Chavez, Waste ManagementWith no one else desiring to speak on this item, Mayor Plott closed the public comment period.

  • The Board reviewed the Annual Rate Adjustment Notification letter from WCA, a copy of which is attached hereto as Exhibit “B.” Upon motion by Director Singleton, seconded by Director Phelps, after full discussion and the question being put to the Board, the Board voted unanimously to reject the proposed rate adjustment of $0.26 cents per month per connection with no counter offer.

  • Resolution Number R47.23.12.21.F3F.4 A Resolution Approving An Annual Rate Adjustment Pursuant To The Residential Services And City Services Agreement Between The City Of Cedar Park And Central Texas Refuse, LLC.

  • Receive Annual Update and Discuss an Annual Rate Adjustment pursuant to the Solid Waste and Recycling Service Contract from Community Waste Disposal (CWD) CWD President Greg Rohmer presented their 2019 Annual Review.

  • With the CAP as a reference framework for implementation of agricultural and rural developmental policies, it is clear that post- 2013 organic farming has an important role to play in the future of agriculture across the EU.

Related to Annual Rate Adjustment

  • LIBOR Rate Adjustment Date With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Rate Adjustment Date With respect to each ARM Loan, the date on which the Note Rate adjusts.

  • Interest Rate Adjustment Event means the occurrence of any of the following:

  • Central Bank Rate Adjustment has the meaning given to that term in the Reference Rate Terms.

  • Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Substitute Reference Rate of Interest Adjustments means such adjustments as are determined by the Issuer to be consistent with enabling the correct functioning of the Substitute Reference Rate of Interest (which may include, without limitation, adjustments to the applicable screen page, Business Day Convention, the definition of Business Day, the Interest Determination Date, the Day Count Fraction or any method or definition for obtaining or calculating the Substitute Reference Rate of Interest).

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Credit Adjustment shall have the meaning specified in Section 3.02.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • Value Adjustments means cash lending revenues and other revenues on collateral in respect of a Series of ETP Securities.

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.

  • Conversion Price means as of any time, $1,000, divided by the Conversion Rate as of such time.

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);

  • Conversion Value means, with respect to Convertible Capital Appreciation Bonds, the Accreted Value as of the Conversion Date.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Reference Interest Rate Replacement Adjustment means the first alternative set forth in the order below that can be determined by the Issuer or its designee as of the Reference Interest Rate Replacement Date:

  • Adjustment Day means the first calendar day in each month.