Equity Rate definition

Equity Rate means, for any Equipment Payment Period, the LIBOR in effect as of the first LIBOR Banking Day of each such Equipment Payment Period plus two hundred fifty (250) basis points.
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Equity Rate for any Lease Payment Period means an interest rate per annum equal to (a) the one (1), two (2) or three (3) month LIBOR Rate, as elected for such Lease Payment Period by Lessee pursuant to Section 4A of the Participation Agreement, plus (b) the Applicable Equity Margin.
Sample 1
Equity Rate means a rate determined by the Calculation Agent in accordance with the following formula: Max (0; 1 ∑12Besti(Final) − Final Level )12 i=1 Besti (Initial)Initial Levelwhere, on the Valuation Date, the Shares comprising the Basket will be sorted by the Calculation Agent according to their respective performance by decreasing order, commencing with the Share with the best performance: Best1(Final) Best1 (Initial)≥ Best2(Final) Best2 (Initial)≥ ⋯ ≥ Best20(Final) Best20 (Initial)𝐵𝑒𝑠𝑡𝑖(𝐹𝑖𝑛𝑎𝑙) means the Final Price of the best performing Share ranked "i" (with "i"= 1 to 20) of the Basket on the Valuation Date; and 𝐵𝑒𝑠𝑡𝑖(𝐼𝑛𝑖𝑡𝑖𝑎𝑙) means the Initial Price of the best performing Share ranked "i" (with "i"= 1 to 20) of the Basket on the Valuation Date;
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Examples of Equity Rate in a sentence

  • In sum, the first $5 billion of such expenditures by large electrical corporations are subject to Equity Rate Base Exclusion.

  • The SELPA Housing Equity Rate is determined by taking the average cost per class of all districts within the SELPA.

  • The initial district reimbursement is calculated by multiplying the difference times the Housing Equity Rate.

  • The initial district charge is calculated by multiplying the difference times the Housing Equity Rate, which is recalculated annually.

  • Pursuant to § 3280(n), the Legislature has allocated 31.5 percent of the $5 billion Equity Rate Base Exclusion to SCE, yielding an SCE share of $1.575 billion (Total AB 1054 CapEx).

  • Pursuant to § 3280(n), the Legislature has allocated 64.2 percent of the $5 billion Equity Rate Base Exclusion to PG&E, yielding a PG&E share of $3.21 billion (Total AB 1054 CapEx).7 PG&E’s Application concerns an initial securitization of up to $1.19 billion, as authorized in Decision (D.) 20-12-005 (Initial AB 1054 CapEx).

  • If Lessee fails to provide such notice of election at least three (3) LIBOR Banking Days before any Floating Payment Date, Lessee shall be deemed to have elected a one-month LIBOR based Applicable Equity Rate and Applicable Tranche B Rate.

  • A realistic fire-related loss reduction plan cannot rely solely on a fire response plan, but also must include a fire prevention strategy.

  • The amount of the Temporary Cash advance has been determined based on the estimated Average Client Bed Days per Provider multiplied by 90 days and multiplied by the applicable Pay Equity Rate increase (refer to the table above).

  • For the Equity Rate per hour refer to Appendix 1 of this Agreement.


More Definitions of Equity Rate

Equity Rate means, (i) with respect to each Interest Period commencing on a date other than a Monthly Date, the Alternate Base Rate plus the Equity Margin, and (ii) with respect to each Interest Period commencing on a Monthly Date, the Eurodollar Rate for such Interest Period plus the Equity Margin and, to the extent that the Eurodollar Rate is unavailable for any reason during such Interest Period, the Alternate Base Rate plus the Equity Margin.
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Equity Rate means the three (3)-month LIBOR Rate in effect as of the first LIBOR Banking Day of each Equipment Payment Period plus the Equity Margin. "ERISA" means the Employee Retirement Income Security Act of 1974, as amended. "Estimated Residual Value" for any Item of Equipment on any date of determination shall mean an amount obtained by multiplying (a) the percentage set forth in the Equipment Agreement Supplement for such Item under the caption "Estimated Residual Value Percentage" applicable to the Basic Term or Renewal Term in effect on such date, by (b) the Acquisition Cost for such Item. "Event of Loss" with respect to any Item of Equipment means (a) the loss of such Item of Equipment or any substantial part thereof, or (b) the loss of the use of such Item of Equipment due to theft or disappearance for a period in excess of 45 days during the Term, or existing at the expiration or earlier termination of the Term, or (c) the destruction, damage beyond repair, or rendition of such Item of Equipment or any substantial part thereof permanently unfit for normal use for any reason whatsoever, or (d) the condemnation, confiscation, seizure, or requisition of use or title to such Item of Equipment or any substantial part thereof by any Governmental Entity under the power of eminent domain or otherwise beyond the earlier of sixty (60) days and the end of the Basic Term or Renewal Term, as applicable. "Excepted Payments" means (a) indemnity payments paid or payable in favor of Trust Company, Owner Participant, Lenders, any Liquidity Provider or any Assignee, or their
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Related to Equity Rate

  • Equity Ratio means the ratio of Equity to Total Assets.

  • Debt to Equity Ratio means the ratio of the value of liabil- ities to equity, calculated according to s. 126.44 (8) (c) 2.

  • Applicable Liquidity Rate has the meaning specified in Section 3.07(g).

  • Index Ratio means the Final Index Price divided by the Initial Index Price.

  • Capitalization Rate means six and one-half percent (6.50%).

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the "base rate on corporate loans posted by at least 75% of the nation's 30 largest banks" (or, if The Wall Street Journal ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled "Selected Interest Rates" as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Applicable Rating Level at any time and for any Borrower shall be determined in accordance with the then-applicable S&P Rating and the then-applicable Xxxxx’x Rating for such Borrower as follows: S&P Rating/Xxxxx’x Rating Applicable Rating Level S&P Rating A or higher or Xxxxx’x Rating A2 or higher 1 S&P Rating A- or higher or Xxxxx’x Rating A3 or higher 2 S&P Rating BBB+ or Xxxxx’x Rating Baa1 3 S&P Rating BBB or Xxxxx’x Rating Baa2 4 S&P Rating BBB- or Xxxxx’x Rating Baa3 5 S&P Rating BB+ or below or Xxxxx’x Rating Ba1 or below, or no S&P Rating or Xxxxx’x Rating 6 The Applicable Rating Level for any Borrower and for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating for such Borrower in effect on such day. If the S&P Rating and the Xxxxx’x Rating are not the same (i.e., a “split rating”), the higher of such ratings shall control, unless (i) the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control, or (ii) either rating is below BBB- or Baa3 (as applicable), in which case the lower of the two ratings shall control.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • Pricing Level IV means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB- or higher by S&P or Baa3 or higher by Moody’s and (iii) Pricing Levels I, II and III do not apply.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Liquidity Ratio means the ratio of Liquidity to all Indebtedness to Bank.

  • Pricing Level I shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is greater than or equal to 3.50 to 1.00.

  • Pricing Level III shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.00 to 1.00 but greater than or equal to 2.50 to 1.00.

  • Base LIBOR Rate means the rate per annum, determined by Agent in accordance with its customary procedures, and utilizing such electronic or other quotation sources as it considers appropriate (rounded upwards, if necessary, to the next 1/16%), on the basis of the rates at which Dollar deposits are offered to major banks in the London interbank market on or about 11:00 a.m. (California time) 2 Business Days prior to the commencement of the applicable Interest Period, for a term and in amounts comparable to the Interest Period and amount of the LIBOR Rate Loan requested by Administrative Borrower in accordance with this Agreement, which determination shall be conclusive in the absence of manifest error.

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

  • Note Margin With respect to each Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit One hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Mortgage Loan until the next Adjustment Date.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Pricing Level II shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00.

  • Adjusted Collateral Principal Amount means, as of any date of determination:

  • Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.