Rate Change Rights Sample Clauses

The Rate Change Rights clause grants one or both parties the ability to adjust the rates or prices specified in an agreement under certain conditions. Typically, this clause outlines the circumstances under which rate changes are permitted, such as changes in market conditions, regulatory requirements, or after a set period, and may require advance notice to the other party. Its core practical function is to provide flexibility in pricing, allowing parties to respond to external factors or cost fluctuations while maintaining transparency and predictability in the contractual relationship.
Rate Change Rights. Absent the written agreement of all of the parties to the Agreement Regarding Treatment of Allocations of New York Power Authority Expansion Power and Replacement Power Beginning January 1, 2012 and Thereafter, dated September 29, 2011, the following shall apply: 1. The Company shall have the right to revise the standard retail transmission rates to which the schedules of discounts in Exhibit B – Rates – Rate I e. apply by unilateral filing with the Federal Energy Regulatory Commission (FERC) or other appropriate regulatory body, in accordance with the applicable rules and regulations of such body, and the other parties to the Agreement Regarding Treatment of Allocations of New York Power Authority Expansion Power and Replacement Power Beginning January 1, 2012 and Thereafter, dated September 29, 2011, shall have the unilateral right to intervene and participate in such proceedings. If such filings are made before FERC, the applicable standard of review of these filings shall be the just and reasonable standard under Section 205 of the Federal Power Act, without application of the Mobile-Sierra “public interest” presumption as set forth in United Gas Pipeline Co. v. Mobile
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Rate Change Rights. Absent the written agreement of all of the parties to the Settlement filed on April 21, 2004 in FERC Docket Nos. ER03-989-000, ER03-990-000, ER03-991-000 and ER03-992-000 (“the Sponsoring Parties”), the standard of review for any and all changes to the provisions of Provisions A, H, J, K or P of this Agreement, to Schedule A of Exhibit I hereof, or to Section 1 of Schedule B of Exhibit I hereof, proposed by any of the Sponsoring Parties to be effective during the Rate Plan Period shall be the “public interest” standard of review set forth in United
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Related to Rate Change Rights

  • Rate Changes Pricing is fixed for the base term of the Agreement. Thereafter, Firm may request an increase to hourly rates to account for changes in the market prices for legal services. Any increase is subject to Citizens’ approval at Citizens’ sole discretion, and must be evidenced by a formal amendment to this Agreement. Price adjustments shall not be applied retroactively. Alternative fee arrangements must be pre-approved by Citizens in writing.

  • Climate Change 1. The Parties recognize that the climate change and its adverse effects are a common concern. In that sense, and under their international commitments, the Parties agree to promote joint measures to limit or reduce the adverse effects of the climate change. 2. For promoting sustainable development, each Party, within its own capacities, shall adopt policies and measures on issues such as: (a) improvement of energy efficiency; (b) research, promotion, development and use of new and renewable energy, technologies of carbon dioxide capture, and updated and innovative environmental technologies that do not affect food security or the conservation of biological diversity; and (c) measures for evaluating the vulnerability and adaptation to climate change.

  • Interest Rate Options The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or LIBOR Rate Option set forth below applicable to the Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche; provided that (i) there shall not be at any one time outstanding more than ten (10) Borrowing Tranches in the aggregate among all of the Loans and (ii) if an Event of Default or Potential Default exists and is continuing, the Borrower may not request, convert to, or renew the LIBOR Rate Option for any Loans and the Required Lenders may demand that all existing Borrowing Tranches bearing interest under the LIBOR Rate Option shall be converted immediately to the Base Rate Option, subject to the obligation of the Borrower to pay any indemnity under Section 5.9 [Indemnity] in connection with such conversion. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest lawful rate.

  • Corporate Change Seller shall advise Purchaser in writing of the opening of any new chief executive office, or the closing of any such office, of any Seller Party and of any change in any Seller Party’s name or the places where the books and records pertaining to the Purchased Asset are held not less than fifteen (15) Business Days prior to taking any such action.

  • Liquidity Events of Default If (a) any Liquidity Event of Default has occurred and is continuing and (b) there is a Performing Note Deficiency, the Liquidity Provider may, in its discretion, deliver to the Borrower a Termination Notice, the effect of which shall be to cause (i) the obligation of the Liquidity Provider to make Advances hereunder to expire on the fifth Business Day after the date on which such Termination Notice is received by the Borrower, (ii) the Borrower to promptly request, and the Liquidity Provider to promptly make, a Final Advance in accordance with Section 2.02(d) hereof and Section 3.5(i) of the Intercreditor Agreement, (iii) all other outstanding Advances to be automatically converted into Final Advances for purposes of determining the Applicable Liquidity Rate for interest payable thereon, and (iv) subject to Sections 2.07 and 2.09 hereof, all Advances (including, without limitation, any Provider Advance and Applied Provider Advance), any accrued interest thereon and any other amounts outstanding hereunder to become immediately due and payable to the Liquidity Provider.