Implicit Rate definition

Implicit Rate means the interest rate used by us in calculating the Rent Instalments.

Implicit Rate has, with respect to any Warehouse Facility, the meaning specified in the related Receivables Financing Agreement.

Implicit Rate means, with respect to a Schedule, an implicit interest rate used in calculating the Rent Factor applicable to such Schedule, calculated as set forth in Section 3(b) of this Lease.

Examples of Implicit Rate in a sentence

• The difference between the expected claims for the retiree group and the blended premium is called the Implicit Rate Subsidy.

• Implicit Rate Subsidy refers to the concept that retirees under the age of 65 (i.e. not eligible for Medicare) generate higher claims on average than active participants.

• Although retirees are required to pay 102% of the premium rate, GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, requires that employers recognize the Implicit Rate Subsidy that exists in postretirement medical plans provided by governmental employers.The Implicit Rate Subsidy refers to the concept that retirees under age 65 (and not eligible for Medicare) generate higher claims on average than active participants.

• The Company has adopted Implicit Rate of Return (IRR) method of accounting in respect of finance charges income for hire purchase/loan transactions.

• Although the retirees generally must pay 100% of the premium rate, GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (GASB 75), requires that employers recognize the Implicit Rate Subsidy that exists in postretirement medical plans provided by governmental employers.

More Definitions of Implicit Rate

Implicit Rate means the rate of return anticipated by us to be earned by us on our investment in this transaction when the Rental Agreement was entered into (noting such rate may not be specific to your circumstances but may be the rate used by us generally for products of this or a related type);

Implicit Rate means the rate of return anticipated by us to be earned by us on our investment in this transaction when the Rental Agreement was entered into (noting such rate may not be specific to your circumstances but may be the rate used by us generally for products of this or a related type). “Initial Term” for a Rental Agreement means the initial term specified in the relevant Rental Schedule;

Implicit Rate means our implied rate of interest under the Hiring Agreement as determined by us when the Hiring Agreement was entered into (noting such rate may not be specific to your circumstances but may be the rate used by us generally for products of this or a related type);

Implicit Rate means the interest rate used by us in calculating the Lease Instalments.

Implicit Rate means the weighted average of the Lessor Rate and the rate at which interest on the Lenders' Loans is capitalized, each as in effect on the date of calculation based on the outstanding Funded Amounts.

Implicit Rate means the implicit interest charged from time to time used to calculate the Rent Instalments and will not exceed the implicit rate charged by us for new transactions for similar purposes. We may at any time by giving you not less than one month's notice in writing increase or decrease the Implicit Rate. The Implicit Rate at the commencement date of this lease is 15.95%.

Implicit Rate means the interest rate used by us in calculating the Instalments. Instalment means an instalment as set out in the Schedule. Insurance means any insurance cover required to be entered into by you under clause 11.1 Interim Period means, in the event that the Commencement Date is not the first day of the period to which the first Instalment relates, the period between those two days.