accumulation rate definition
accumulation rate in relation to the production unit in respect of a royalty year is a percentum per annum equal to the threshold rate defined in the Commonwealth legislation relating to the resource rent tax applying to offshore petroleum projects, or in the absence of such legislation is the maximum threshold rate determined in accordance with the “threshold rate” as defined in Schedule 1 to the Petroleum Revenue Act 1985 of the Commonwealth but, if and at such time or times as it becomes necessary to calculate the accumulation rate for the purpose of calculating accumulated nett value of a petroleum commodity in respect of a royalty year, either party to this Agreement considers the rate as mentioned above to be inappropriate, then the accumulation rate shall be the percentum per annum as agreed between the Minister and the Lessee and failing agreement within such period as the Minister allows it shall be such percentum per annum determined by arbitration in accordance with paragraph (g) of clause 21 of the ▇▇▇▇▇▇ Island Lease as represents a reasonable and appropriate return on the investment to which the accumulation rate is to be applied taking into account: —
accumulation rate means four percent (4%).
accumulation rate means the net investment return or any interest credits applied towards the policy value.
More Definitions of accumulation rate
accumulation rate means 0.6325%.
accumulation rate means two-and-a-half percent (2.5%).
accumulation rate means 5.00%; provided, that the then effective Accumulation Rate shall increase by 0.50% on November 15th of each year beginning on November 15, 2004 up to a maximum of 8.50%; provided, further, that in the event that on any Dividend Payment Date occurring on or after the 2nd anniversary of the Issue Date the exchange by the Company of any shares of Series I Preferred Stock held by (A) Cypress Merchant Banking Partners, L.P. ("Cypress"), TPG Partners II, L.P. ("TPG") or any investment funds under common control with Cypress or TPG or (B) any "person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934) for shares of Series H Preferred Stock would not result in Cypress, TPG and such investment funds or any such "person," respectively, beneficially owning Voting Stock of the Company or securities convertible into or exercisable for Voting Stock of the Company where all such Voting Stock represents more than 49% of the total Voting Stock of the Company, the Accumulation Rate for all shares of Series I Preferred Stock held by Cypress, TPG and such investment funds or any such "person," respectively, shall be increased to the then effective Accumulation Rate plus 8.00%; provided, further, that if at any time the Company shall be in default of its obligation to redeem any shares of the Series I Preferred Stock, the then effective Accumulation Rate shall be further increased by 2.00%. Notwithstanding the foregoing, if, and for so long as, at any time on or after the 3rd anniversary of the Issue Date, (i) there are no shares of Series H Preferred Stock outstanding and (ii) the exchange of any shares of
accumulation rate means 5.00%; provided, that the then effective Accumulation Rate shall increase by 0.50% on November 15th of each year beginning on November 15, 2004 up to a maximum of 8.50%; provided, further, that if at any time the Company shall be in default of its obligation to redeem any shares of the Series H Preferred Stock, the then effective Accumulation Rate shall increase by 2.00%.