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.
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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.
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Construction Rate means a floating rate of interest per annum equal to two percent (2.00%)
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More Definitions of Construction Rate

Construction Rate means an interest rate of zero percent (0%) per
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Related to Construction Rate

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Construction Zone shall have the meaning set forth in Clause 8.3 (i);

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • Constructional Plant means all equipments, materials, appliances or things of whatsoever nature required for execution, completion or maintenance of the works (as hereinafter defined) but does not include materials or other things intended to form or forming part of the permanent work.