Concessional Rate definition

Concessional Rate means the Allotted Land Premium rate is less than the Reserve Premium Rate.
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Concessional Rate means a rate, lower than the normal rate, fixed for such a luxury by the proprietor;
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Related to Concessional Rate

  • Rental Rate means the average annualized composite rate for United States treasury bonds issued for periods of ten years and longer plus two percent. The rental rate shall not exceed ten and three-quarters percent nor fall below eight and one-quarter percent.

  • additional rate means the additional rate levied by the City of Cape Town on rateable properties within the designated boundaries of the Special Rating Area for purposes of raising funds for improving and upgrading that area, subject to any exemptions or permissible differentiation between categories of property, as contemplated in section 22(1) of the Rates Act, read with sections 8(1) and 12(2) of the By-Law;

  • Fair Market Rental Rate means the fair market value annual rental rate per square foot of Rentable Area that Landlord and its Affiliates and the owners of comparable office building projects in the ▇▇▇▇ ▇▇▇▇▇ Airport submarket have recently accepted in lease transactions between non-affiliated parties with non-equity tenants for comparable space, for a comparable period of time (“Comparable Transactions”). In any determination of Comparable Transactions, appropriate consideration shall be given to annual rental rates per square foot of Rentable Area, the type of escalation clauses (e.g., whether increases in additional rent are determined on a net or gross basis, and if gross, whether such increases are determined according to a base year or a base dollar amount expense stop), taking into account all rental and other concessions granted in such Comparable Transactions (as well as such concessions to which Tenant may be entitled in this Lease), length of the lease term, size and location of premises being leased, base, shell and core delivery conditions, building standard work letter and/or tenant improvement or refurbishment allowances, if any (taking into account the level of existing Base Building Improvements and tenant improvements in the Premises), free rent periods for construction of new tenant improvements and other generally applicable conditions of tenancy for such Comparable Transactions. The intent is that the Fair Market Rental Rate will reflect the rent and other economic benefits and concessions that Landlord or its Affiliates (and other landlords of comparable office building projects in the ▇▇▇▇ ▇▇▇▇▇ Airport submarket) have otherwise given in recent Comparable Transactions, as adjusted to reflect the level and type of economic concessions that Landlord may elect to give Tenant hereunder during the Renewal Term, so that Tenant will pay and Landlord will receive a net effective rent equal to the net effective rental rate in Comparable Transactions, after adjusting for any differences between the economic concessions that Landlord is making to Tenant hereunder and the economic concession that Landlord or its Affiliates (and other landlords of comparable office building projects in the ▇▇▇▇ ▇▇▇▇▇ Airport submarket) have otherwise made in current Comparable Transactions. If, for example, after applying the criteria set forth above, a Comparable Transaction provides a comparable non-equity tenant with comparable space at a base rent equal to Thirty-Two Dollars ($32) per square foot of Rentable Area, with a Ten Dollars ($10) base amount expense stop, three (3) months’ free rent, four (4) months of free rent to construct tenant improvements, Forty Dollars ($40) per rentable square foot tenant improvement allowance, and certain other generally applicable economic terms and/or concessions, the Fair Market Rental Rate shall not be Thirty-Two Dollars ($32) per square foot of Rentable Area only, but shall be the economic equivalent of Thirty-Two Dollars ($32) per square foot of Rentable Area, a Ten Dollar ($10) base amount expense stop, three (3) months’ free rent, four (4) months of free rent to construct tenant improvements, Forty Dollars ($40) per rentable square foot tenant improvement allowance or payment in lieu of such allowance (said allowance or payment to be adjusted to reflect the value of existing improvements in the Premises) and such other generally applicable economic terms and concessions, as adjusted to reflect the concessions (including renovation allowances, free rent or construction periods) if any, granted by Landlord to Tenant during the Renewal Term.

  • Market Rental Rate means, at the time of reference, the gross rentable floor space of the Leased Premises multiplied by the greater of: (a) that annual rate of Basic Rent per square foot of gross rentable floor space which is then being quoted by the Landlord for comparable Other Leased Premises (or would then be quoted if comparable Other Leased Premises were then available) or (b) that annual rate of Basic Rent per square foot of gross rentable floor space in effect during the Expiring Term.

  • ANNUAL RATE ADJUST: MONTHLY P&I : 2,508.79 OUTSIDE CONV DATE : LIFETIME RATE : 6.50000 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.50000 PRODUCT CODE : 002 LTV : 80.00000 ----------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,435,124.00 P & I AMT: 12,853.09 UPB AMT: 1,426,160.25 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 11/01/98 P.O. BOX 5260 TMS AG0004982215 01 02 03 PAGE: 45 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ----------------------------------------------------------------- 0 0007743966 MORTGAGORS: HUITZINGH KRUNO HUITZINGH BARBARA REGION CODE ADDRESS : 8305 BLUFFVIEW WAY 02 CITY : COLORA▇▇ ▇▇▇▇▇▇▇ STATE/ZIP : CO 80919 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 298,060.10 ANNUAL RATE ADJUST: MONTHLY P&I : 2,654.73 OUTSIDE CONV DATE : LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.75000 PRODUCT CODE : 002 LTV : 48.78000 ----------------------------------------------------------------- 0 0007743974 MORTGAGORS: SHARP RAYMOND ▇▇▇▇▇ ▇▇▇▇▇▇ REGION CODE ADDRESS : ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 02 CITY : PRIOR LAKE STATE/ZIP : MN 55372 MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT : UNPAID BALANCE : 286,654.45 ANNUAL RATE ADJUST: MONTHLY P&I : 2,573.00 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 72.12500 ----------------------------------------------------------------- 0 0007743982 MORTGAGORS: CANDIA GUILLERMO CANDIA ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ : ▇▇ ▇▇SERVOIR ROAD 02 CITY : COHASSE▇ STATE/ZIP : MA 02025 MORTGAGE AMOUNT : 272,000.00 OPTION TO CON▇▇▇▇ : UNPAID BALANCE : 270,222.15 ANNUAL RATE ADJUST: MONTHLY P&I : 2,388.14 OUTSIDE CONV DATE : LIFETIME RATE : 6.62500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.62500 PRODUCT CODE : 002 LTV : 68.00000 ----------------------------------------------------------------- 0 0007744006 MORTGAGORS: KATO EUGENE REGION CODE ADDRESS : ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 02 CITY : ▇▇▇▇▇▇▇▇ STATE/ZIP : WA 98005 MORTGAGE AMOUNT : 280,000.00 OPTION TO CON▇▇▇▇ : UNPAID BALANCE : 278,284.83 ANNUAL RATE ADJUST: MONTHLY P&I : 2,575.79 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 57.73190 ----------------------------------------------------------------- 0 0007744014 MORTGAGORS: HORITA YONEKAZU HORITA MARILYN REGION CODE ADDRESS : ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ 02 CITY : HE▇▇▇▇▇ STATE/ZIP : VA 20171 MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT : UNPAID BALANCE : 263,304.79 ANNUAL RATE ADJUST: MONTHLY P&I : 2,363.41 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 77.94100 ----------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,405,500.00 P & I AMT: 12,555.07 UPB AMT: 1,396,526.32 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 11/01/98 P.O. BOX 5260 TMS AG0004982215 01 02 03 PAGE: 46 CHERRY HILL, N.J. 08034 (800) 257-7818