Rate reduction definition

Rate reduction means the reduction in tax rate specified in section 42-64.14-11.

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Rate reduction means an amount equal to (a) the 2023 calendar year Operating Costs (grossed up to reflect 100% occupancy) and Taxes (adjusted, if necessary, to reflect a fully assessed property) for fiscal tax year 2023 multiplied by (b) the Tenant’s Percentage (as set forth in the original Lease), the product of which is then (c) divided by 46,526. A more illustrative example of the conversion from gross to net Fixed Rent is attached hereto as Exhibit D and is incorporated herein by reference. No later than ninety (90) days after the end of calendar year 2023, Landlord shall furnish Tenant with an itemized statement of the Operating Costs for calendar year 2023 and Taxes for fiscal year 2023 for the Existing Premises, increased to reflect all additional costs and expenses that would have been incurred had the Building been 100% occupied, prepared, allocated and computed in accordance with generally accepted accounting principles, along with (a) Landlord’s determination of the Rate Reduction, and (b) a revised schedule of Existing Premises Annual Fixed Rent for the remainder of the Term (the “Revised Rent Schedule”).

Rate reduction means a reduction in the Applicable Base Rate or Applicable LIBO Rate, as applicable, charged by the Bank to the Borrower pursuant to Section 2.2 of this Agreement. The Rate Reduction shall equal one-quarter of one percent (0.25%) if the Borrower's Leverage Ratio is greater than 0.75 and less than 1.00. The Rate Reduction shall equal one half of one percent (0.50%) if the Borrower's Leverage Ratio is less than or equal to 0.

Examples of Rate reduction in a sentence

• Upon full payment of the Award, the foregoing Royalty Rate reduction shall end and Kissei shall resume full royalty payments to Protox under this Agreement.

• If, however, at any time thereafter Rambus commences reasonable best efforts to develop the [***] interface technology, as described in paragraph (i) above, then the Reference Rate reduction shall cease and, commencing with the first calendar quarter thereafter, the Reference Rate shall increase by one eighth (1/8) of one percent (1%) per quarter until it is again two percent (2%).

• In the event that the cost-based adjustment calculated in accordance with this Exhibit E2 results in a negative Rate Adjustment Factor, the City reserves the right to “roll-under” the Rate reduction, such that there is no Rate adjustment in the Rate Period for which the negative Rate Adjustment Factor was calculated, but the calculated Rate reduction may be deferred to the following Rate Period, as a credit against future Rate increases.

• Rate reduction under this Participation Agreement, if any, shall begin to be realized with the reporting of payroll to BWC for the period beginning July 1 of the year this Agreement is effective.

• If a Potential Event of Default or Event of Default has occurred and is continuing on the date any reduction in the Interest Rate would otherwise become effective pursuant to Section 301(a) or (b) hereof, such Interest Rate reduction shall not become effective until the first day of the next succeeding calendar month after the date on which such Potential Event of Default or Event of Default has been cured or waived in accordance with the provisions of this Indenture.

• Rate reduction for ‘employee plus one” and short-term disability will be investigated as possible employee options.

• To be eligible for a 0.10% Financing Rate reduction, an Asset Management Plan must be adopted by ordinance or resolution and written procedures must be in place to implement the plan.

• In the event that the index-based adjustment as calculated by this Exhibit E1 results in a negative Rate Adjustment Factor, the City reserves the right to “roll-under” the Rate reduction, such that there is no Rate adjustment in the Rate Period for which the negative Rate Adjustment Factor was calculated, but the calculated Rate reduction may be deferred to the following Rate Period, as a credit against future Rate increases.

• For an avoidance of doubt, only HMW Combination Products are subject to a further [***] Royalty Rate reduction.

• Such Base Rate reduction will be calculated on a per ton of Acceptable Waste basis based on the aggregate Guaranteed Annual Tonnage of all Charter Municipalities applicable to such Operating Year.

More Definitions of Rate reduction

Rate reduction means the implementation of the four

Rate reduction has the meaning specified in the definition of Applicable Rate.

Rate reduction means a reduction in the Applicable Base Rate or Applicable LIBO Rate, as applicable, charged by the Bank to the Borrower pursuant to Section 2.2 of this Agreement. The Rate Reduction shall equal one-quarter of one percent (0.25%) if the Borrower's Leverage Ratio is greater than 0.75 and less than 1.00. The Rate Reduction shall equal one half of one percent (0.50%) if the Borrower's Leverage Ratio is less than or equal to 0.75. The determination of whether the Borrower is entitled to a Rate Reduction shall be made in connection with the Borrower's delivery of the certificate required to be delivered by the Borrower to the Bank pursuant to Section 6.2(b) of this Agreement. Rate Reductions will become effective on the first day of the subsequent fiscal quarter. Prior to the Borrower's delivery of the first such Certificate, no Rate Reduction will be available.

Rate reduction means the reduction in the tax rate specified in § 44-70-4.

Rate reduction means (i) upon and after the delivery of audited annual financial statements in accordance with Schedule C for the fiscal year ending December 31, 2014, and solely to the extent Borrowers have demonstrated to Lender that as of December 31, 2014 the Fixed Charge Coverage Ratio for the period of twelve months then ending is greater than 1.50:1.00 and that no Default or Event of Default has then occurred or is continuing, 0.25% and (ii) at all other times and in all other circumstances (including due to the failure of Borrowers to satisfy the conditions in foregoing clause (i)), 0%.