INDEX RATES definition

INDEX RATES. If you and I have agreed that the interest rate on this note will be variable and will be related to an index rate, then the index we select will function only as a tool for setting the rate on this note. You do not guarantee, by selecting any index, that the rate on this note will have a particular relationship to the rate you charge on any other loans or any type or class of loans with your other customers.
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INDEX RATES. All salaries for hourly personnel, department chairpersons, summer school teachers, and others not on the basic schedule shall be determined by the index rates based on the minimum (Class I, Step 1) of the basic salary schedule. SALARY FOR INDIVIDUAL SEMESTER CLASS: Teachers assigned additional classes above their regular assignment will be paid 1/5 pro rata salary for each additional period they teach. Teachers at San Marcos High School who teach assigned classes above their regular assignment will be paid 1/3 pro rata salary as long as they remain on the current block schedule. Such assignments shall be made only to alleviate problems with class schedules and/or class size. Such assignments shall be mutually agreed upon by the Santa Xxxxxxx Teachers Association Executive Board and the Assistant/Associate Superintendent of Secondary Education/Educational Services prior to the start of working an additional assignment. The site administration will endeavor to offer these assignments in a manner that reflects equity and opportunity among qualified certificated employees. PAYMENTS: Salary warrants are generally issued on the last workday of the calendar month. There are two choices of payment plan for certificated staff in year two or later of employment:
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INDEX RATES. Index Rates are used to calculate the Interest Rate Factor applicable outside of a Window Period to the following: a partial withdrawal, total withdrawal, and when the Contract Fund Value is applied to an Annuity Option.
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Examples of INDEX RATES in a sentence

  • MARKET ADJUSTED INDEX RATES The following table summarizes the factors applied to the Index Rate in the projection period to determine the Market Adjusted Index Rate.

  • That dissimilarity in interest rates led FHFA to conclude that the WAS Index would not satisfy the statutory requirements to replace the ARM Index.TABLE 2—COMPARISON OF ARM INDEX RATES WITH 11-WEEK LAGGING PMMS 30-YR FRM INDEX RATES DURING 2019 MIRS release date 6 The closer to a value of 1,00 the more perfect positive correlation.

  • M ARKET ADJUSTED INDEX RATE The Market Adjusted Index Rate was derived from the Index Rate with recognition of the risk adjustment amount.P LAN ADJUSTED INDEX RATES Plan Adjusted Index Rates were derived from the Market Adjusted Index Rate.

Related to INDEX RATES

  • 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.

  • LIBOR Index Rate means, for any Interest Period, the rate per annum (rounded upwards, if necessary, to the next higher one-sixteenth of one percent) for deposits in U.S. Dollars for delivery on the first day of and for a period equal to such Interest Period in an amount equal or comparable to the principal amount of the Eurodollar Loan scheduled to be made by each Lender as part of such Borrowing, which appears on the Applicable Telerate Page as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the commencement of such Interest Period.

  • Quoted Rate means the rate of interest per annum offered by the Swing Line Bank in its sole discretion with respect to a Swing Line Advance.

  • Designated Eurodollar Market means, with respect to any Eurodollar Rate Advance, the London Eurodollar Market.

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Page 3750 of the Telerate Service (or on any successor or substitute page of such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the "LIBO Rate" with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period.

  • Eurodollar Market means a regular established market located outside the United States of America by and among banks for the solicitation, offer and acceptance of Dollar deposits in such banks.

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • EURIBOR means the Euro-zone inter-bank offered rate.

  • Adjusted LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

  • HIBOR means the Hong Kong inter-bank offered rate.

  • 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.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR 1.00-Eurodollar Reserve Percentage