Competitive rate definition
Competitive rate means the actual rate offered by the utility, and approved by the commission, to a customer subject to effective competition.
Competitive rate means, with respect to any Absolute Rate Competitive Loan, the fixed rate of interest (expressed as a percentage rate per annum in the form of a decimal to no more than four decimal places) for such Loan, as specified in the related Competitive Bid and Competitive Accept/Reject Notice.
Competitive rate means, with respect to any Absolute Rate Competitive Loan, the fixed rate of interest (expressed as a percentage rate per annum in the form of a decimal to no more than four decimal places) for such Loan, as specified in the related Competitive Bid and Competitive Accept/Reject Notice. "Compliance Date" shall mean each of the date of this Agreement, each Borrowing Date, each Conversion Date and the date of each delivery by the Company of a certificate requiring the Company to certify as to the accuracy of the representations and warranties contained in Article V.
More Definitions of Competitive rate
Competitive rate means the rate quoted by Bank to Borrower from time to time at Borrower's request, for money outstanding for the particular specified period of [ ] days or less.
Competitive rate means a rate per annum equal to the Prime Rate plus four percentage points, but not less than eight percent.
Competitive rate means the "Beginning Rate" for such lane multiplied by the "Adjustment Fraction." For purposes hereof, the following definitions shall apply: