Funding Interest Rate definition

Funding Interest Rate means the interest rate used by the Plans' enrolled actuaries for purposes of Internal Revenue Code section 412(b)(5)(A).
Funding Interest Rate means [the interest rate under the Funding Agreements.]
Funding Interest Rate means a reference rate equal to the sum of (i) 0.125 per cent. per annum and (ii) the overnight rate as calculated by the European Central Bank and appearing on the Reuters Screen EONIA page in respect of that day, if that day is a TARGET Settlement Day, or in respect of the TARGET Settlement Day immediately preceding that day, if that day is not a TARGET Settlement Day.

Examples of Funding Interest Rate in a sentence

  • Where the Unwind Costs are positive (which is likely to be the case where the Issuer is able to borrow funds for less than the Funding Interest Rate specified on the Issue Date), the relevant Redemption Amount will be increased.

  • However, where the Unwind Costs are negative (which is likely to be the case where the cost of borrowing for the Issuer is higher than the Funding Interest Rate specified on the Issue Date), the relevant Redemption Amount will be reduced.The Issuer is not under any duty to hedge itself with respect to any Credit Linked Notes, nor is it required to hedge itself in a manner that will result in the lowest Unwind Costs.

  • The active involvement of IFAD at this early stage of the process was intended to enrich the range of convention-driven interventions with approaches and instrumentalities based on the Fund’s experience and to ensure a focus on the needs and economic aspirations of its target groups.

  • The appropriation for pensions being paid Retirants and Beneficiaries shall be a percent of the annual Compensations of Members which will produce an amount which, if paid annually by the City over a period of years to be determined by the Board, and taking into account actuarial gains and funding credits as determined by the actuary, will amortize, at the Funding Interest Rate set forth in section 1:552(21), the unfunded pension reserves for pensions being paid Retirants and Beneficiaries.

  • Upon the basis of such mortality and other experience tables and interest at the Funding Interest Rate set forth in section 1:552(21), the actuary shall annually compute the pension reserve (1) for pensions being paid Retirants and Beneficiaries, and (2) covering service rendered and to be rendered by Members.

  • Upon the basis of such mortality and other experience tables and interest at the Funding Interest Rate set forth in section 1:552.1(22), the actuary shall annually compute the pension reserve (1) for pensions being paid Retirants and Beneficiaries, and (2) covering Service rendered and to be rendered by Members.

  • Interest shall be calculated by applying, as appropriate, the Deposit Interest Rate or the Funding Interest Rate to the Notional Cash Deposit Balance, and rounding the resulting figure to the nearest cent., a half cent, being rounded upwards or otherwise in accordance with applicable market convention.

  • This is the minimum loan amount that the applicant needs to obtain from another lender based on their income tier.The term is to be set at 30 years and the interest rate is to be set at the IBA Split Loan External Funding Interest Rate.

  • Interest Allowable.(1) The Board shall, at the end of each fiscal year, allow and credit (a) interest at the Accumulated Contribution Interest Rate set forth in section 1:552(2) on a Member's individual balances in the Annuity Savings Fund at the beginning of the fiscal year and(b) interest at the Funding Interest Rate as set forth in section 1:552(21), on the mean balance in the Retirement Reserve Fund (including the pension adjustment account) during the fiscal year.

  • The Interest Spread will either be added or subtracted to the Base Rate to calculate the total Funding Interest Rate.

Related to Funding Interest Rate

  • Revolving Interest Rate means, with respect to Revolving Advances, an interest rate per annum equal to (a) the lesser of (i) the sum of the Alternate Base Rate plus the Applicable Revolving Domestic Rate Margin and (ii) the Maximum Rate, with respect to Domestic Rate Loans, and (b) the lesser of (i) the sum of the Eurodollar Rate plus the Applicable Revolving Eurodollar Rate Margin and (ii) the Maximum Rate, with respect to the Eurodollar Rate Loans.

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • Mortgage Interest Rate For any Mortgage Loan, the per annum rate at which interest accrues on such Mortgage Loan pursuant to the terms of the related Mortgage Note.

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Class E Interest Rate means 4.67% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Applicable Interest Rate means (i) with respect to any Fixed Rate Indebtedness, the fixed interest rate applicable to such Fixed Rate Indebtedness at the time in question, and (ii) with respect to any Floating Rate Indebtedness, either (x) the rate at which the interest rate applicable to such Floating Rate Indebtedness is actually capped (or fixed pursuant to an interest rate hedging device), at the time of calculation, if Borrower has entered into an interest rate cap agreement or other interest rate hedging device with respect thereto or (y) if Borrower has not entered into an interest rate cap agreement or other interest rate hedging device with respect to such Floating Rate Indebtedness, the greater of (A) the rate at which the interest rate applicable to such Floating Rate Indebtedness could be fixed for the remaining term of such Floating Rate Indebtedness, at the time of calculation, by Borrower’s entering into any unsecured interest rate hedging device either not requiring an upfront payment or if requiring an upfront payment, such upfront payment shall be amortized over the term of such device and included in the calculation of the interest rate (or, if such rate is incapable of being fixed by entering into an unsecured interest rate hedging device at the time of calculation, a fixed rate equivalent reasonably determined by Administrative Agent) or (B) the floating rate applicable to such Floating Rate Indebtedness at the time in question.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Maximum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the maximum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be increased on any Adjustment Date.

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Minimum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased on any Adjustment Date.

  • Capped Interest Rate is defined in the Note, if applicable.

  • Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.

  • Weighted Average Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Mortgage Interest Rate Cap With respect to an Adjustable Rate Mortgage Loan, the limit on each Mortgage Interest Rate adjustment as set forth in the related Mortgage Note.

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.