Rate Order Sample Clauses

Rate Order. If Client instructs AFEX to execute an Order when a particular exchange rate is at a specified or better rate (a “Rate Order”), Client authorises AFEX to act in accordance with the instructions and to purchase or sell currencies on behalf of Client. Each Rate Order will only be effective after AFEX has had a commercially reasonable opportunity to act upon it. The effective period of the Rate Order (“Effective Period”), as communicated to AFEX in the Order, and accepted by AFEX in an Order, shall be deemed to be good until cancelled unless Client provided a fixed ascertainable date for the end of the Effective Period.
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Rate Order. If Client instructs Corpay to execute an Order when a particular exchange rate is at a specified or better rate (a “Rate Order”), Client authorises Corpay to act in accordance with the instructions and to purchase or sell currencies on behalf of Client. Each Rate Order will only be effective after Corpay has had a commercially reasonable opportunity to act upon it. The effective period of the Rate Order (“Effective Period”), as communicated to Corpay in the Order, and accepted by Corpay in an Order, shall be deemed to be good until cancelled unless Client provided a fixed ascertainable date for the end of the Effective Period.
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Rate Order. If Client instructs AFEX Singapore to execute an Order when a particular exchange rate is at a specified or better rate (a “Rate Order”), Client authorises AFEX Singapore to act in accordance with the instructions and to purchase or sell currencies on behalf of Client. Each Rate Order will only be effective after AFEX Singapore has had a commercially reasonable opportunity to act upon it. The effective period of the Rate Order (“Effective Period”), as communicated to AFEX Singapore in the Order, and accepted by AFEX Singapore in an Order, shall be deemed to be good until cancelled unless Client provided a fixed ascertainable date for the end of the Effective Period.
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Rate Order. If Client instructs ▇▇▇▇▇▇▇▇▇ to execute an Order when a particular exchange rate is at a specified or better rate (a “Rate Order”), Client authorizes Cambridge to act in accordance with the instructions and to purchase or sell currencies on behalf of Client. Each Rate Order will only be effective after Cambridge has had a commercially reasonable opportunity to act upon it. The effective period of the Rate Order (“Effective Period”), as communicated to Cambridge in the Order, and accepted by Cambridge in an Order, shall be deemed to be good until cancelled unless Client provided a fixed ascertainable date for the end of the Effective Period.
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Rate Order. (a) The Authority has heretofore adopted a Rate Order that establishes fees, rates, and charges applicable to the Participants and, throughout the Contract Term, the Authority shall maintain such Rate Order in force and effect in accordance with the provisions of this Section 6.04. The Rate Order may include reasonable classifications of Participants for the purposes of applying fees, rates, and charges as deemed necessary by the Authority in its sound discretion, to implement and enforce the GRP and discharge its obligations under this Contract. The fees, rates, and charges adopted under the Rate Order shall be at all times the lowest which are: (1) consistent with good management practices by the Authority; (2) necessary and proper under subsection (d); (3) consistent with the Authority's statutory and constitutional duties and responsibilities; and (4) just, reasonable, and nondiscriminatory. (b) The Rate Order shall be amended from time to time to establish the prevailing pumpage fee for purposes of Section 6.02(a)(1) hereof such that, as nearly as practicable in the Authority's sound discretion (i)Authority’s reasonable determination (i) the Participants are neither benefitted nor penalized for utilizing groundwater from ▇▇▇▇▇, and (ii) reasonable allowance is made for the Participants' costs of operating and maintaining their ▇▇▇▇▇ (exclusive of any costs of depreciation, debt service, or similar charges in respect of the design, permitting, construction, reconstruction, rehabilitation, or redevelopment of such ▇▇▇▇▇). The prevailing pumpage fee for purposes of Section 6.02(a)(1) shall be equal and uniform among all Participants that pump groundwater. (c) Prior to placing the Project in service, and at all times after the Project is placed in service, the Rate Order shall be amended from time to time to specify the Authority's prevailing rate for Water delivered to Participants for purposes of Section 6.02(a)(2) hereof such that, as nearly as practicable in the Authority's sound discretion, (i)Authority’s reasonable determination (i) the Participants are neither benefitted nor penalized for being required to take Water from the Project under the GRP, and (ii) reasonable allowance is made for Participants' costs of operating and maintaining On-Site Facilities, as well as operating and maintaining their ▇▇▇▇▇ (exclusive of any costs of depreciation, debt service, or similar charges in respect of the design, permitting, construction, reconstruction, reh...
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Related to Rate Order

  • Interest Rates; LIBOR Notification The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.14(c) of this Agreement, such Section 2.14(c) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower, pursuant to Section 2.14, in advance of any change to the reference rate upon which the interest rate on Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 2.14(c), will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.

  • Rate Quotations The Borrower may call the Administrative Agent on or before the date on which a Loan Request is to be delivered to receive an indication of the rates then in effect, but it is acknowledged that such projection shall not be binding on the Administrative Agent or the Lenders nor affect the rate of interest which thereafter is actually in effect when the election is made.

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

  • Rate of Interest The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined in the manner specified in the applicable Final Terms.

  • Interest Rate Protection No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.