Commitment Rate definition

Commitment Rate means (i) in respect of each Interest Accrual Period falling within the Initial Interest Period, 2.771934 per cent. per annum; and (ii) in respect of each Interest Accrual Period thereafter, a rate equal to the Commitment Rate immediately prior to the start of such Interest Accrual Period subject to adjustment in accordance with item (a) and (b) below if the Issuer is holding Available Reinvestment Proceeds on the Reset Date falling on the first day of such Interest Accrual Period (or if such date is not a Business Day, the following Business Day).

Commitment Rate means six percent (6%) per annum.

Commitment Rate means 0.40% per annum through and including June 30, 2019 and 0.36% per annum thereafter. The Commitment Rate shall be increased as described in the chart below if the debt rating assigned by the Rating Agencies to the unsecured long-term debt of the District, without regard to any third-party credit enhancement, falls to the corresponding levels specified below. Such increase shall be effective as of the Facility Fee Payment Date immediately prior to which the rating change occurs. The Commitment Rate shall be increased (cumulatively) as indicated below based on the lowest debt rating assigned to the unsecured, unenhanced long-term debt of the District specified in the schedule below:

Examples of Commitment Rate in a sentence

• Fixed Rate referenced in the above table means the Term Shipper Commitment Rate as set forth in Term Shipper’s Contract.

• At the onset of PA-511, the State’s Prison Commitment Rate (PCR) was 34.7% (FY 1989, as reported by the Michigan Department of Corrections’ Statistical Report).

• Here we consider the IRFs for Fannie Mae MBS yields, the spread between the Fannie Mae MBS yields and the yields on the 30-year Treasury, the Fannie Mae Commitment Rate, and equity returns on an index of homebuilders and an index of real estate investment trusts (REITs).

• MnDOT has established the following goals for subcontractors and suppliers on this project: VET goal % TGB goal % Commitment Rate.

• The Board of Directors has appointed Mr. Devendra Deshpande, Company Secretary, Pune, as the Scrutinizer to scrutinize the e-voting during the AGM and remote e-voting process in a fair and transparent manner.

More Definitions of Commitment Rate

Commitment Rate means, for any day, calculated on a per annum basis:

Commitment Rate means, in relation to any day in any Fee Period, the percentage rate per annum calculated by multiplying the Applicable Margin on that day by 0.5.

Commitment Rate means, on any date, the percentage rate per annum which is equal to 50% of the Margin that is applicable on such date.

Commitment Rate means twelve percent (12%) per annum.

Commitment Rate means fourteen percent (14%) per annum on all amounts of the Commitment received by Borrower until repaid.

Commitment Rate means the per annum rate to be used to calculate the payment of Commitment Fees and shall mean the percentage rate, determined based on the ratio of Adjusted Funded Debt to Adjusted Cash Flow as of the last day of the fiscal quarter ending one quarter prior to the first day of the quarter for which such determination is being made as follows: Ratio Commitment Rate

Commitment Rate is based shall be computed on the basis of the financial statements delivered by Borrower pursuant to Section 5.06(a). Changes in the Commitment Rate shall be effective as of the first day of each fiscal quarter for which such determination is being made. In the event that any financial information provided by Borrower is subsequently determined to be inaccurate and accurate information would have resulted in a higher Commitment Rate, such higher Commitment Rate shall be given effect retroactively and Borrower shall promptly pay to the Agent for the benefit of the Banks such amount as is necessary to give effect to such change.