Applicable Legal Rate definition

Applicable Legal Rate means a fixed rate of interest equal to the applicable federal rate for mid-term debt instruments as of the day that it is determined that Indemnitee must repay any advanced expenses.
Applicable Legal Rate means a fixed rate of interest equal to the applicable federal rate for mid-term debt instruments as of the day that it is determined that Indemnitee must repay any advanced expenses. (b) “Change in Control” means a change in control of the Company occurring after the Effective Date of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), whether or not the Company is then subject to such reporting requirement; provided, however, that, without limitation, such a Change in Control shall be deemed to have occurred if, after the Effective Date (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 15% or more of the combined voting power of all of the Company’s then-outstanding securities entitled to vote generally in the election of directors without the prior approval of at least two-thirds of the members of the Board of Directors in office immediately prior to such person’s attaining such percentage interest; (ii) the Company is a party to a merger, consolidation, sale of assets, plan of liquidation or other reorganization not approved by at least two-thirds of the members of the Board of Directors then in office, as a consequence of which members of the Board of Directors in office immediately prior to such transaction or event constitute less than a majority of the Board of Directors thereafter; or (iii) at any time, a majority of the members of the Board of Directors are not individuals (A) who were directors as of the Effective Date or (B) whose
Applicable Legal Rate means a fixed rate of interest equal to the applicable federal rate for mid- term debt instruments as of the day that it is determined that Indemnitee must repay any advanced expenses.

Examples of Applicable Legal Rate in a sentence

  • By virtue of the French Commercial Code (code de commerce), the Applicable Legal Rate is understood to be the interest rate applied by the Central European Bank to its most recent refinancing operation increased by ten (10) percentage points.

  • Unless otherwise specified in the Proposal, VWT may, in the event of a default of payment by the Customer, apply the interest penalties to be calculated as follows: Interest penalties = (TTC amount (total including tax) of invoice X Applicable Legal Rate) x (number of days of lateness / 365).

  • OPENDATASOFT may, in the event of a default of payment by the CLIENT, apply interest penalties calculated as follows: Interest penalties = (TTC amount (total including tax) of invoice X Applicable Legal Rate) x (number of days of lateness / 365).Pursuant to the provisions of the Code of Commerce, the Applicable Legal Rate is understood to be the interest rate applied by the Central European Bank to its most recent refinancing operation increased by 10 percentage points.

Related to Applicable Legal Rate

  • Maximum Legal Rate means the maximum nonusurious interest rate, if any, that at any time or from time to time may be contracted for, taken, reserved, charged or received on the indebtedness evidenced by the Note and as provided for herein or the other Loan Documents, under the laws of such state or states whose laws are held by any court of competent jurisdiction to govern the interest rate provisions of the Loan.

  • Final rate of pay means the actual rate upon which earnings of an employee were calculated during the twelve (12) month period immediately preceding the member's effective retirement date, and shall include employee contributions picked up after August 1, 1982, pursuant to KRS 78.610(4). The rate shall be certified to the system by the employer and the following equivalents shall be used to convert the rate to an annual rate: two thousand eighty (2,080) hours for eight (8) hour workdays, one thousand nine hundred fifty (1,950) hours for seven and one-half (7.5) hour workdays, two hundred sixty (260) days, fifty-two (52) weeks, twelve (12) months, one (1) year;

  • Final rate means an indirect cost rate applicable to a specified past period which is based on the actual costs of the period. A final rate is not subject to adjustment.

  • Actual Rate of Pay means, unless and until the Agency Worker has completed the Qualifying Period, the rate of pay which will be paid for all time worked during an Assignment for each hour worked, as set out in the relevant Assignment Details Form;

  • ANNUAL RATE ADJUST: MONTHLY P&I : 2,547.01 OUTSIDE CONV DATE : LIFETIME RATE : 8.37500 MATURITY DATE : 05/01/26 CURRENT INT RATE: 8.37500 PRODUCT CODE : 002 LTV : 89.13500 ---------------------------------------------------------------- 00030622088 MORTGAGORS: BRYAN GEORGE BXXXX XXXXXXXA REGION CODE ADDRESS : 9000 XXXXXXXXXX XXXXX 01 CITY : BXXXXXXXX STATE/ZIP : IL 61008 MORTGAGE AMOUNT : 506,850.00 OPTION TO CONVERT : UNPAID BALANCE : 506,550.76 ANNUAL RATE ADJUST: MONTHLY P&I : 3,942.23 OUTSIDE CONV DATE : LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/26 CURRENT INT RATE: 8.62500 PRODUCT CODE : 002 LTV : 74.99300 ---------------------------------------------------------------- 00030622344 MORTGAGORS: O'DONNELL DAVID FOSXXXXX XXXXX REGION CODE ADDRESS : 500 XXXXXXX XXXX XXXXX 01 CITY : LXXXXXXXX STATE/ZIP : PA 19047 MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT : UNPAID BALANCE : 219,739.29 ANNUAL RATE ADJUST: MONTHLY P&I : 1,711.14 OUTSIDE CONV DATE : LIFETIME RATE : 8.62500 MATURITY DATE : 09/01/26 CURRENT INT RATE: 8.62500 PRODUCT CODE : 002 LTV : 92.43600 ---------------------------------------------------------------- 00030622682 MORTGAGORS: SOUZA REECE SXXXX XXXXX REGION CODE ADDRESS : 10000 XXXXXXXXX XXXX 01 CITY : CXXXXXXX STATE/ZIP : CA 90703

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • Highest Lawful Rate means the maximum lawful interest rate, if any, that at any time or from time to time may be contracted for, charged, or received under the laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable laws now allow.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period and subject to Condition 4(b)(ii), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.

  • Late Payment Rate As defined in the Insurance Agreement.

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Current Accrual Rate means, with respect to each Payment Date and any Reference Obligation, the current mortgage rate, less the greater of (i) the related servicing fee rate and (ii) 35 basis points.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Base rate of pay means the employee’s hourly rate of pay excluding any premiums, incentives, add-ons or rollups.

  • Actual QP Rate of Pay means the rate of pay which will be paid to the Agency Worker if and when s/he completes the Qualifying Period, as set out in any variation to the relevant Assignment Details Form;

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.