Annual Equivalents Sample Clauses
The 'Annual Equivalents' clause defines how periodic amounts, such as monthly or quarterly payments, are converted into their yearly equivalents for the purposes of calculation or comparison within a contract. This typically involves multiplying the periodic amount by the number of periods in a year, ensuring that all financial figures are presented on a consistent annual basis. By standardizing amounts to an annual figure, the clause facilitates clear comparisons, accurate budgeting, and consistent reporting, thereby reducing confusion and ensuring transparency in financial obligations.
Annual Equivalents. The annual rates to which are equivalent the rates determined in accordance with the provisions of clause (i) of subsection 3.4.1 are the following rate: (the quoted rate) x (number of days in the year) ÷ 365 = % per annum. The annual rates of interest to which are equivalent the rates determined in accordance with the provisions of clause (ii) of subsection 3.4.1 are the following rate: (the quoted rate) x (number of days in the year) ÷ 360 = % per annum.
Annual Equivalents. For the purposes of the Interest Act (Canada), the annual rates of interest to which are equivalent the rate determined in accordance with the provisions of Section 3.1 are the following rate: (the quoted rate) x (number of days in the year) ÷ 365 = % per annum.
Annual Equivalents. The annual rate to which is equivalent the rate determined in accordance with the provisions of subsection 3.3.1 is the following rate: (the quoted rate) x (number of days in the year) ÷ 365 = % per annum.
Annual Equivalents. The annual rates of interest to which are equivalent the rates determined in accordance with the provisions of:
4.7.1 subsection 4.6.1 and clause (y) of the subsection 4.6.2 are the following rates: [(Prime Rate or U.S. Base Rate) + Relevant Margin] ´ (number of days in the year) ¸ 365 = % per annum;
4.7.2 clause (z) of subsection 4.6.2 are the following rates: (Federal Funds Effective Rate + Relevant Margin) ´ (number of days in the year) ¸ 360 = % per annum; and
4.7.3 subsection 4.6.3 are the following rates: (Libor + Relevant Margin) ´ (number of days in year) ¸ 360 = % per annum.
Annual Equivalents. Job Title Probationary Rate Step 1 Step 2 Step 3 Step 4 Step 5