Construction Rate definition
Construction Rate means the Base Rate announced from time to time by National City Bank (Cleveland) or the successor bank with which Landlord maintains its primary line of credit; the Lease Rate for the Construction Term shall be adjusted to reflect each change in the Construction Rate. 12 "Construction Term" means the term of this Lease commencing on the Effective Date and expiring on the Conversion Date.
Construction Rate means (x) one hundred seventy-five (175) basis points in excess of the per annum rate of interest reported in The Wall Street Journal as the London Interbank Offered Rate for United States dollar deposits for a ninety (90) day term in the amount outstanding as of the date of determination or (y), in the event the rate described in clause (x) shall cease to be published, two (2) percentage points in excess of the per annum rate of interest, from time to time, of the 14-day moving average closing trading price of the 180-day Treasury Bills.
Construction Rate means a floating rate of interest per annum equal to two percent (2.00%)
More Definitions of Construction Rate
Construction Rate means an interest rate of zero percent (0%) per