Collateral Interest Rate definition

Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties.
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Collateral Interest Rate means the Federal Funds overnight rate as specified in the Federal Reserve Statistical Report (H.15) “Selected Interest Rates” report.
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Collateral Interest Rate means the daily effective federal funds rate as published in the applicable statistical release designated as H.12(510), or any successor publication by the Board of Governors of the Federal Reserve System. If such rate is expressed as a range, the Collateral Interest Rate shall equal the arithmetic average of such range.
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Examples of Collateral Interest Rate in a sentence

  • A late payment charge shall accrue on any late payment or refund as specified above at the lesser of (a) the Collateral Interest Rate plus one percent (1%), and (b) the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties (the “Late Payment Rate”).

  • In lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Performance Assurance, Buyer will transfer to Seller on the third (3rd) Business Day of each calendar month interest (at the Collateral Interest Rate as defined below) on the Performance Assurance held in the prior month.

  • Interest on Performance Assurance in the form of cash shall accrue to Party B at the Collateral Interest Rate and shall be calculated for the actual number of days elapsed and on the basis of a year of 360 days.

  • JEL Classification: G21, G32, L11Keywords: Distance, Collateral, Interest Rate, Bank lending ♣ Corresponding author.

  • Interest that may be earned on the Collateral (as varied from time to time in accordance with Clause 5 of the Short Plus Agreement) is calculated at the Collateral Interest Rate.

  • Issuer: Republic of Italy Description of Issuer: Sovereign Status: Senior and unsecured ISIN: IT0004380546 Maturity Date: 15 September 2019 Principal Amount: EUR 30,000,000 Redemption Amount: Principal Amount multiplied by the Inflation Rate (as definedin the terms and conditions of the Initial Bond Collateral) Interest Rate: 2.35 per cent.

  • MemCachier will grant access to Customer Personal Data only to employees, contractors and Subprocessors who need such access for the scope of their performance, and have committed themselves to confidentiality or are under an appropriate professional or statutory obligation of confidentiality.

  • NOTE 12 LINES OF CREDIT AND OTHER SECURED BORROWINGS Secured lines of credit from various unaffiliated financial institutions are as follows: Unused Balance Outstanding Borrowings Collateral Interest Rate MaturityBorrowing Capacity (1) On July 29, 2010, we entered into a senior secured term loan facility agreement and borrowed $350,000.

  • A late payment charge shall accrue on any late payment orrefund as specified above at the lesser of (a) the Collateral Interest Rate plus one percent (1%), and (b) the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties (the “Late Payment Rate”).

  • As of June 30, 2019, the note payable balance includes obligations for Lattimore Area Water Improvements Project expenses as follows: Balance Year of Loan Purpose and Collateral Interest Rate Maturity June 30, 20192019 Lattimore Area Water Improvements 1.53% 2040 $ 1,211,732 The approximate project completion date is November 1, 2020.


More Definitions of Collateral Interest Rate

Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties. [NATIONAL GRID VERSION]
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Collateral Interest Rate means the rate designated as such in the Collateral Agreement; provided, however, that the Collateral Interest Rate with respect to any Monthly Period shall not exceed LIBOR for such Monthly Period plus 1%.
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Collateral Interest Rate means the rate designated as such in the Transfer and Administration Agreement; provided, however, that the Collateral Interest Rate with respect to any Monthly Period shall not exceed 8.00% per annum.
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Collateral Interest Rate means, with respect to any Interest ------------------------ Accrual Period, a per annum rate equal to LIBOR for such Interest Accrual Period plus % provided, however, with respect to the first Interest ------ Accrual Period, the Collateral Interest Rate will be equal to %. ---
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Collateral Interest Rate means 0.00%.
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Collateral Interest Rate on any day shall mean the rate opposite the caption “Federal Funds (effective)” for such day as published by the Federal Reserve Publication H.15
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Related to Collateral Interest Rate

  • Collateral Interest means a fractional undivided interest in the Trust which shall consist of the right to receive, (i) to the extent necessary to make the required payments to the Collateral Interest Holder under this Supplement, the portion of Collections allocable thereto under the Agreement and this Supplement and funds on deposit in the Collection Account allocable thereto pursuant to the Agreement and this Supplement and (ii) amounts available for payment to the Collateral Interest Holder pursuant to subsections 4.07(k), 4.12(e), 4.12(f), 8.01(b), 8.02(a) and 8.02(b) or any other provision of this Supplement.

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

  • Post-ARD Additional Interest Rate With respect to any ARD Mortgage Loan after its Anticipated Repayment Date, the incremental increase in the Mortgage Rate for such ARD Mortgage Loan resulting from the passage of such Anticipated Repayment Date.

  • Collateral Interest Shortfall shall have the meaning specified in subsection 4.02(c).

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Cash Interest Rate means the Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15 (519), or any successor publication, published by the Board of Governors of the Federal Reserve System.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Initial Interest Rate means, as of any date of determination, (a) with respect to each A Note, the Initial Note A Interest Rate and (b) with respect to each B Note, the Initial Note B Interest Rate.

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;