CD Contract Rate definition

CD Contract Rate means the Cost-Adjusted CD Base Rate plus the Applicable Margin.
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Examples of CD Contract Rate in a sentence

  • For any Interest Period in which the CD Contract Rate or the LIBOR Contract Rate applies, such interest rate will remain constant throughout the Interest Period and will not fluctuate.

  • The Borrower covenants and agrees that Section 2.11 and 2.12 of the Prior Credit Agreement shall be binding on the Borrower as if set forth herein; provided that (i) such provisions as incorporated herein shall reflect that they are delivered to and run in favor of the Bank and references therein to "LIBOR Contract Rate" shall be deemed references to "Libor Rate" for purposes hereof and all references to "CD Contract Rate" are deleted for purposes hereof.

Related to CD Contract Rate

  • Contract Rate means, with respect to a Receivable, the rate per annum at which interest accrues under the Contract evidencing such Receivable. Such rate may be less than the “Annual Percentage Rate” disclosed in the Receivable.

  • Wage Rate means the wage rate referred to in section 6.

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its "prime rate." If a Citibank, N.A. prime rate is not available, the applicable prime rate shall be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid. "Contract Price" means the applicable price, expressed in $/MWh for Net Output and Capacity Rights stated in Section 5.1.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.