Examples of Rate Adjustment Event in a sentence
The Parties shall work cooperatively using best efforts to mitigate or offset the effects of any Rate Adjustment Event with the intent to avoid or minimize any rate adjustment through the tenth anniversary of the Transfer Date.
If the Rate Adjustment Event is being triggered by the District, the District may request that the Operator provide it with such information necessary for the District to determine items (2) and (3) above, which may include the Operator information set forth in item (4) above.
Upon the occurrence of any Rate Adjustment Event under Section 6.2(f), the Party seeking such adjustment shall promptly give written notice to the other Party and the Utility Director for the Parish (a “Rate Adjustment Event Notice”) stating that a Rate Adjustment Event has occurred.
The Base Rate Financial Model shall be revised by the Operator in accordance with the provisions of this Protocol within 30 Business Days of the Rate Adjustment Event.
As of the date of an Interest Rate Adjustment Event to and until such date that an Interest Rate Adjustment Event is no longer continuing, the Notes will bear interest at the Adjusted Interest Rate.