Examples of Initial Reference Rate in a sentence
If the Initial Reference Rate is less than or equal to the Final Reference Rate, there is no prepayment fee.
An Initial Reference Rate of 9.0% was assigned to the loan when the loan was made.
Late attendance (after 10 days) to the beginning of classes will result in a loss of the placement.
If the Initial Reference Rate is greater than the Final Reference Rate, the prepayment fee shall be equal to the difference between the Initial and Final Reference Rates (expressed as a decimal), multiplied by the appropriate factor from the Prepayment Fee Factor Schedule, multiplied by the principal amount of the loan being prepaid.
Currency Returns: For each Currency, the depreciation rate of the US dollar against the Currency is calculated a follows:Currency Return = Initial Reference Rate – Final Reference RateInitial Reference Rate where: “Initial Reference Rate” means, for each Currency, the Reference Rate on the Issuance Date.