Rate Adjustment Event definition

Rate Adjustment Event has the meaning set forth in Section 6.2(f) hereof.

Rate Adjustment Event means any action by the Internal Revenue Service (including the delivery of a deficiency notice) or any other federal court or administrative body determining, as a result of any misrepresentation by the City or as a result of any action the City takes or fails to take, that interest, or any portion thereof, is includable in the Registered Holder’s gross income for federal income tax purposes.

Rate Adjustment Event means any action by the Internal Revenue Service (including the delivery of a deficiency notice) or any other federal court or administrative body determining, as a result of any misrepresentation by the City or as a result of any action the City takes or fails to take, that

Examples of Rate Adjustment Event in a sentence

• Upon such Exchange Rate Adjustment Event becoming effective, Parent shall, on the day such Exchange Rate Adjustment Event becomes effective or as soon as practicable thereafter, provide to Dealer written notice (such notice, an “Exchange Rate Adjustment Notice”) setting forth the new, adjusted Exchange Rate after giving effect to such Exchange Rate Adjustment Event (the “New Exchange Rate”).

• In connection with the delivery of any Conversion Rate Adjustment Notice to Dealer, Counterparty shall, concurrently with or prior to such delivery, (x) publicly announce and disclose the Conversion Rate Adjustment Event or (y) represent and warrant that the information set forth in such Conversion Rate Adjustment Notice does not constitute material non-public information with respect to Counterparty or the Shares.

• Parent shall provide to Dealer written notice (such notice, an “Exchange Rate Adjustment Event Notice”) at least ten Scheduled Trading Days prior to consummating or otherwise executing or engaging in any transaction or event (an “Exchange Rate Adjustment Event”) that would lead to a change in the Exchange Rate (as such term is defined in the Indenture).

• In connection with the delivery of any Exchange Rate Adjustment Event Notice to Dealer, (x) Parent shall, concurrently with or prior to such delivery, publicly announce and disclose the Exchange Rate Adjustment Event or (y) Parent shall, concurrently with such delivery, represent and warrant that the information set forth in such Exchange Rate Adjustment Event Notice does not constitute material non-public information with respect to Parent or the Shares.

• In connection with the delivery of any Conversion Rate Adjustment Notice to Dealer, if prior to public announcement, (x) Counterparty shall, concurrently with or prior to such delivery, publicly announce and disclose the Conversion Rate Adjustment Event or (y) Counterparty shall, concurrently with such delivery, represent and warrant that the information set forth in such Conversion Rate Adjustment Notice does not constitute material non-public information with respect to Counterparty or the Shares.

More Definitions of Rate Adjustment Event

Rate Adjustment Event means any failure by the Corporation to pay (i) to the Paying Agent on or within three Business Days after any Dividend Payment Date the full amount of any dividend (whether or not earned or declared) to be paid on such Dividend Payment Date on any share of Series C Stock or (ii) to the Redemption Agent on or within three Business Days after any redemption date the redemption price to be paid on such redemption date, plus an amount equal to the accrued and unpaid dividends thereon (whether or not earned or declared) to such redemption date, of any share of Series C Stock.

Rate Adjustment Event means any failure by the Corporation to pay (i) to the Paying Agent funds available on any Dividend Payment Date in the full amount of any dividend (whether or not earned or declared) to be paid on such Dividend Payment Date on any share of Series D Stock or (ii) to the Redemption Agent funds available on any redemption date in the full amount of the redemption

Rate Adjustment Event means any action by the Internal Revenue Service (including the delivery of a deficiency notice) or any other federal court or administrative body determining that the interest components of the Installment Payments, or any portion thereof, are includable in any beneficiary’s gross income for federal income tax purposes as a result of any misrepresentation by the County or as a result of any action the County takes or fails to take.

Rate Adjustment Event means any determination by the Internal Revenue Service, any

Rate Adjustment Event means any action by the Internal Revenue Service (including the delivery of a deficiency notice) or any other federal court or administrative body determining (i) that the interest component of Installment Payments, or any portion thereof, is includable in any beneficiary’s gross income for federal income tax purposes or (ii) that the Borrower’s obligations under this Contract are not “qualified tax-exempt obligations” within the meaning of Code Section 265 (a “265 Event”), in any case as a result of any misrepresentation by the Borrower or as a result of any action the Borrower takes or fails to take.

Rate Adjustment Event means any action by the Internal Revenue Service (including the delivery of a deficiency notice) or any other federal court or administrative body determining that (i) the interest component of Rental Payments, or any portion thereof, is includable in any counterparty's gross income for federal income tax purposes or (ii) if applicable, the Lessee's obligations under this Agreement are not "qualified tax-exempt obligations" within the meaning of Code Section 265 (a "265 Event"), in any case as a result of any misrepresentation by the Lessee or as a result of any action the Lessee takes or fails to take.

Rate Adjustment Event means any action by the Internal Revenue Service (including the delivery of a deficiency notice) or any other federal court or administrative body determining (i) that the interest component of Installment Payments, or any portion thereof, is includable in any counterparty's gross income for federal income tax purposes or (ii) that the Borrower's obligations under this Agreement are not "qualified tax-exempt obligations" within the meaning of Code Section 265 (a “265 Event”), in any case as a result of any misrepresentation by the Borrower or as a result of any action the Borrower takes or fails to take.