Rate Class definition

Rate Class has the meaning specified in the Master Servicing Agreement.

Rate Class means each of the rate classes into which Customers are divided as of the date hereof, as such rate classes may be reconfigured from time to time.

Rate Class means a group of customers which exhibit similar use characteristics and which are grouped together for cost allocation, rate design, and billing purposes.

Examples of Rate Class in a sentence

• For any period during which LIBOR for any LIBOR Floating Rate Class is to be determined on the basis of the “LIBO Method” (as defined in the Prospectus), until such Class is paid in full, Xxxxxx Mae shall at all times retain at least four Reference Banks (as defined in the Prospectus).

• In addition to the current interest accrual amount on the Class AI Notional Balance at the Class AI Interest Rate, Class AI is entitled to the Class AI Deferred Interest Amount.

• See “Description of the Securities — Modification and Exchange” in this Supplement.Increased Minimum Denomination Classes: Each Class that constitutes a Principal Only, Interest Only or Inverse Floating Rate Class.

• The required business license tax shall be paid for each business subject hereto according to the applicable rate classification on or before the due date of the 30th day of April in each year, except for those businesses in Rate Class 8 for which a different due date is specified.

• LIBOR Levels Can Reduce Your Yield if You Own a Floating Rate or Inverse Floating Rate Class.

More Definitions of Rate Class

Rate Class means the risk class of the proposed insured. After the application is underwritten, a revised illustration will be delivered with the policy if the actual rate class differs from the one illustrated.

Rate Class means each rate classification of DLC's retail customers.

Rate Class or “Rate Classes” means the classes of Eligible Customers as designated by EEC;

Rate Class means a group of the applicant utility's customers which exhibit similar use characteristics and which are grouped together for cost allocation and rate design purposes.

Rate Class and “Insured” have the same meaning or meanings ascribed by the Policy or Policies.

Rate Class means a service or group of customers as defined in the utility's tariffs.

Rate Class means a group of the applicant utility’s customers who exhibit similar use characteristics and who are grouped together for cost allocation and rate design purposes.