Assumed Interest Rate definition

Assumed Interest Rate means the annual yield payable on the last day of the applicable Calculation Period on ten (10) year United States Treasury obligations in amounts approximating the outstanding principal balance of the Loan on the last day of the Calculation Period plus two hundred fifty (250) basis points per annum; provided, however, that the Assumed Interest Rate shall be not less than six percent (6.0%) per annum.

Assumed Interest Rate means an interest rate used by Taiwan Life on annuity starting date for the purpose of computing annuity amount.

Assumed Interest Rate means the annual yield payable on the last day of the applicable Calculation Period on ten (10) year United States Treasury obligations in amounts approximating the principal balance of the Loans outstanding at the inception of the Calculation Period plus two hundred fifty (250) basis points per annum; provided, however, that the Assumed Interest Rate shall be not less than seven percent (7.0%) per annum.

Examples of Assumed Interest Rate in a sentence

The basis of the Annuity Tables for Options 1 through 4 and 8 and the Assumed Interest Rate are set forth on page 3.
With respect to Variable Annuity Payments, the amount set forth in the Annuity Tables, as adjusted for the Assumed Interest Rate, is the amount of the FIRST monthly Annuity Payment for Annuity Options 1 through 6.
Variable Annuity Payments If Variable Annuity payments are chosen, the initial payment for the option chosen, shown in the Schedule, reflects the Assumed Interest Rate selected by you.
If Variable Annuity payments are elected, you must also select the Assumed Interest Rate (AIR) and specify the portion of the Accumulation Value (less any applicable premium tax) to be allocated to the available Divisions.
The Annuity Tables are modified to reflect: the Assumed Interest Rate for Variable Annuity Payments; or the rate of interest in effect on the Annuity Start Date for Fixed Annuity Payments.

Assumed Interest Rate. (which will be determined three (3) Business Days before the date of execution of this Schedule).

Assumed Interest Rate means, as of the date of any Advance by a Participant, --------------------- the LIBO Rate that would have been applicable for purposes of calculating interest and Yield in the event that the Advance Date to which such Advance relates had occurred on such date. Appendix 1 to Participation Agreement

Assumed Interest Rate. Assumed Interest Amount" and "Rent Differential Amount" are hereby deleted in their entirety.

Assumed Interest Rate. The interest rate used to calculate the annual payout rate and Annuity Unit Values. The Assumed Interest Rate is shown on the Contract Data Pages. The Assumed Interest Rate cannot be changed after the Contract Date.

Assumed Interest Rate means 6.40% per annum, compounded semi-annually and computed on the basis of a 360-day year of twelve 30-day months.

Assumed Interest Rate means an interest rate of seven percent (7%) per annum, compounded annually; provided, however, that if the Plan Administrator deems it necessary or appropriate, such Assumed Interest Rate may be adjusted from time to time to an amount that does not exceed the then-current prime interest rate of Bank of America. No Participant shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted Assumed Interest Rate.