Major rate adjustment definition

Major rate adjustment means a rate adjustment other than a minor rate ad- justment.
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Major rate adjustment means a rate adjustment other than a minor rate adjustment.
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Major rate adjustment means a rate adjustment that must be approved by the Board and/or City Council other than a Minor rate adjustment. The distinction between Major Rate Adjustments and Minor Rate Adjustments, including all related provisions in this Business Practice, will not be implemented before July 1, 2017; any rate adjustment during that period before July 1, 2017 shall be treated as if it meets the definition of Major Rate Adjustment.Comment [LLP1]: The distinction between Minor and Major Tariff Changes is self-curing and unnecessary. First, if LADWP announces a Tariff Change, and gets little-to-no feedback, then the result is by definition a Minor Change. Second, it is entirely possible that a Tariff Change could be minor to one Customer and major to another.
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Related to Major rate adjustment

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

  • 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.

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

  • 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.C.

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

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

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Lot line adjustment means the relocation of the property boundary line in a

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

  • 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.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • 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.

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

  • Conversion Rate shall have the meaning specified in Section 14.01(a).

  • SOFR Adjustment means 0.10% (10 basis points).

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

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Adjustment Date As to each Adjustable Rate Mortgage Loan, each date on which the related Mortgage Rate is subject to adjustment, as provided in the related Mortgage Note.

  • 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.