Original Rate definition
Examples of Original Rate in a sentence
The Borrower and the Lenders further acknowledge and agree that notwithstanding the foregoing, in the event that the Default Rate shall at any time apply to a Committed Loan as to which an Alternative Rate Agreement remains in effect, the Borrower shall be solely responsible for the full and timely payment to the Administrative Agent for the account of the Lenders (including the Alternative Rate Lender) of the amount by which such Default Rate exceeds the Original Rate.
During the Transition Period, the Parent shall cause the Surviving Entity and its Subsidiaries to collect employee premium contributions for the Medical Plan from the Continuing Employees and transmit such employee premium contributions to the Medical Plan.
City Bond Fixed Revenue Requirement (CBFRR) as described in the Original Rate Structure.
The Commission’s approval of the Original Rate Structure provides guidance to interested stakeholders - such as the City, its lenders, the utilities and their management, their regulators, current and potential lenders to the utilities, and credit rating agencies - concerning how the Penn Corp utilities shall file for rate relief in subsequent rate cases, as well as the parameters under which the Commission shall review and set rates for those utilities in the future.
During the Rate Transition Period the Contracting Jurisdiction’s Original Rate, including surcharges, will be adjusted annually as set forth in Exhibit H.