Rate Modification Sample Clauses

POPULAR SAMPLE Copied 2 times
Rate Modification. In an Event of Default other than Borrower’s failure to pay the Note as agreed, then, at L▇▇▇▇▇’s option and in lieu of applying the Default Rate, Lender shall have the right to modify the interest rate on the Note by adding an additional two percent (2%) to the interest rate then in effect at the time of such modification until such time that Borrower cures the Event of Default giving rise to such rate modification. Notwithstanding the foregoing, in the Event of Default arising out of Section 4.13 of this Loan Agreement, the Rate Modification as set out in this Section 7.2(c) will be reduced only after one full quarter of compliance with Section 4.13.
View Source
Rate Modification. Commencing in January 2021, the Seller shall have the right to adjust or modify the wholesale rate set forth in paragraph 9 to reflect changes in the Seller’s cost of providing water service to the Purchaser. Thereafter, the Seller may adjust, from time to time, the wholesale rate, but not more frequently than once every two (2) years. Any increase or decrease in the wholesale rate shall be based on a demonstrable increase or decrease in the costs of performance hereunder.
View Source
Rate Modification. Commencing in 2021, the City shall have the right to adjust or modify annually the wholesale rates set forth in paragraph 12 and the Capacity Fees set forth in paragraph 13 to reflect changes in the City’s cost of treating the wastewater discharged by the District. Any increase or decrease in the wholesale rates shall be based on a demonstrable increase or decrease in the cost of performance hereunder.
View Source
Rate Modification. Service Provider may apply to the City in writing for consideration of a special rate review should an unforeseen event or circumstance arise which jeopardizes the economic operations of the Service Provider. A special rate review application shall be considered at the request of the Service Provider if one or more of the following occurs: a. Landfill tip fees change by more than five (5) percent; or b. Accumulative operating costs over which Service Provider has no control change by more than ten (10) percent. Any change in rates shall be at the discretion of the City Council. At least fifteen (15) days prior to any decision by the City Council, the Service Provider shall submit to City staff complete and accurate financial data showing its operating costs, revenues, and rate of-return for operations under this Agreement. City staff may request, and Service Provider agrees to provide, other or additional records as may be necessary to fully review Service Provider’s operations and rate requests. All such financial information submitted to the City shall be kept confidential. The City Council may grant a special rate request, or grant the request in part. The Council shall not unreasonably withhold granting the request in part or in full. Any change in customer rates shall be confirmed in a written amendment to this Agreement, which shall take effect no sooner than thirty (30) days from the date of the Council decision. Special rate review requests notwithstanding, the City Council shall review trash and recycling service rates annually as part of its regular budgeting process.
View SourceView Similar (3)
Rate Modification. The Parties acknowledge that certain proceedings may effect the pricing and terms of the agreement and, accordingly, agree as follows with respect to modification of the rates initially provided for herein:
View SourceView Similar (2)
Rate Modification. Section 6.1 of Service Schedule I is hereby amended to read in its entirety as follows: (6.1) The rate for firm transmission service provided pursuant to Section 5.1 shall be two dollars and seven cents per kilowatt month ($2.07/kW-month), which shall be subject to adjustment pursuant to Section 6.4 of Service Schedule I. Each month's ▇▇▇▇ for transmission service hereunder shall be calculated as $2.07/kW‑month times the amount of transmission capacity reserved for EPE (20MW)."
View Source

Related to Rate Modification

  • Acceptable Modifications This Guaranty shall be binding upon the Guarantor and upon its successors and assigns and shall inure to the benefit of and be enforceable by the Guaranteed Party and their successors and assigns; provided, however, that the Guarantor may not assign or transfer any of its rights or obligations hereunder without the prior written consent of the Guaranteed Party, which consent may not be unreasonably withheld or delayed. The assignment rights of the Guaranteed Party will be in accordance with any applicable terms of the Agreement.

  • Waiver; Modification Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof shall not be deemed a waiver of such term, covenant, or condition, nor shall any waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such right or power at any other time or times. This Agreement shall not be modified in any respect except by a writing executed by each party hereto.

  • CONTRACT MODIFICATION The following is adopted as the new CTC for the Contract effective December 29, 2022:

  • Modification; Assignment No amendment or other modification, rescission, release, or assignment of any part of this Agreement shall be effective except pursuant to a written agreement subscribed by the duly authorized representatives of the parties hereto.

  • Cost Modifications The parties may agree to a reduction in the cost of the Contract at any time during which the Contract is in effect. Without intending to impose a limitation on the nature of the reduction, the reduction may be to hourly, staffing or unit costs, the total cost of the Contract or the reduction may take such other form as the State deems to be necessary or appropriate.