Lower Rate definition

Lower Rate. As defined in the definition of Minimum Defaulted Monthly Payment.
View Source
Lower Rate means a rate of interest which is 2% per annum below the rate of interest that we used for the purpose of calculating the rent due under this contract;
View Source
Lower Rate means the number of weeks indicated in Staff Regulation 301.16 as payable to a staff member with neither a spouse nor dependent child at the time of separation; "higher rate" shall mean the number of weeks indicated therein as payable to a staff member with a spouse or dependent child at the time of separation.
View Source

Examples of Lower Rate in a sentence

  • FEP shall not be required to offer any Lower Rate to Shipper which (i) applies to any contract with Shipper; or (ii) results from the temporary or permanent assignment or release of firm capacity by Shipper or any other shipper under FEP's Tariff.

  • In such event, Shipper shall be neither required, nor entitled, to increase the Contract MDQ to the Lower Rate MDQ.

  • Notwithstanding section 5.1 through section 5.5 above, Bonneville may allow the CAISO to: (1) manage EIM Incremental Flows in a manner that exceeds Bonneville’s Upper Rate of Change Limit or Lower Rate of Change Transfer Limit; (2) operate the EIM in a manner that exceeds Managed Limits; or (3) exceed scheduling limits identified on the ETSR or any transmission schedules associated with the ETSR.

  • Switch to Lower Rate (Plot Loans)- Variable Rate Switch to Lower Rate (Loans under HDFC Reach)- Variable Rate 0.5% of principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of Conversion.

  • In the event of a Lower Rate Mandate, at ELE’s sole discretion, Section 3.3 and 3.5 of this Agreement may be deemed amended to permit ELE to pay at the rate established by the Lower Rate Mandate effective on the same date the Lower Rate Mandate becomes effective.

  • If interest is paid when due and there is then no subsisting Event of Default, the Financiers will accept interest calculated at the Lower Rate in relation thereto.

  • Greater than or equal to 1.50:1.00, and no Event of Default has occurred and is continuing 6.25% (the “Lower Rate”) Less than 1.50:1:00, or an Event of Default has occurred and is continuing 9.00% (the “Higher Rate”) The initial interest rate in effect as of March 1, 2011 shall be the Lower Rate.


More Definitions of Lower Rate

Lower Rate. – means the lower rate of interest charged or chargeable by the Bank under this Mortgage or an Agreement and in the absence of such rate, the Lower Rate shall be as reasonably determined by the Bank from time to time having regard to the Bank’s Legitimate Interests and in any event shall be less than the Higher Rate.
View Source
Lower Rate means 8% per annum; 3.4.3 "Interest payment date" means the date that the installments referred to in clause 2.1 are due and payable.
View Source
Lower Rate means the rate per annum set out in Item 5 of Schedule 1 (Key Details).
View Source
Lower Rate shall have the meaning given in Section 9.3(a)(i).
View Source
Lower Rate for each Interest Period means the aggregate of the applicable BBSY Rate and the Margin.
View Source

Related to Lower Rate

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Cost of Funds Rate means, for any Accrual Period and any Lender, the rate determined as set forth below:

  • Curr Rate CLTV: Prin Bal: Maturity Date: Lien Pos: 4157261 VA 300 14 93801 58000 654.14 757 415726100000000 8 298 1 129000 11/16/2000 21 Stephens City 22655 2 13.000 118 57974.18 11/24/2025 2 4157379 OH 180 14 92796 25000 316.15 685 415737900000000 6 178 1 106000 11/13/2000 24 Lancaster 43130 2 12.990 112 24908.45 11/20/2015 2 4157391 MD 240 14 116702 51500 621.43 691 415739100000000 9 239 1 146000 12/15/2000 45 HAGERSTOWN 21742 2 13.490 116 51457.52 12/26/2020 2 4157392 AK 300 14 121611.38 50000 611.46 665 415739200000000 8 299 1 175000 12/08/2000 35 PALMER 99645 2 14.250 99 49982.29 12/15/2025 2 4157393 PA 120 14 89667 23500 350.74 698 415739300000000 5 119 1 100000 12/20/2000 45 FRANKLIN 16323 2 12.990 114 23403.65 12/27/2010 2 4157394 VA 300 14 48012 37500 458.6 663 415739400000000 8 299 1 80000 12/13/2000 45 CROZET 22932 2 14.250 107 37486.71 12/18/2025 2 4157395 KY 300 4 77400 30100 350.63 683 415739500000000 8 299 1 86000 12/08/2000 46 BELLEVUE 41073 2 13.490 125 30087.74 12/13/2025 2 4157397 IN 300 14 88124 30000 349.47 686 415739700000000 8 299 1 94500 12/21/2000 46 ELKHART 46516 2 13.490 125 29987.78 12/29/2025 2 4157398 IN 300 14 87248.42 26225 371.87 682 415739800000000 8 299 1 96000 12/14/2000 42 MOORESVILLE 46158 2 16.750 119 26219.19 12/21/2025 2 4157399 KS 240 14 80750 25500 307.7 689 415739900000000 9 239 1 85000 12/12/2000 31 CHANUTE 66720 2 13.490 125 25478.96 12/18/2020 2 4157401 OH 180 14 67670 42000 545.01 689 415740100000000 6 179 1 98000 12/08/2000 39 LEIPSIC 45856 2 13.490 112 41927.14 12/15/2015 2 4157402 MD 180 14 141974 47000 594.35 720 415740200000000 6 179 1 152000 12/19/2000 41 BELCAMP 21017 2 12.990 125 46914.43 12/26/2015 2 4157403 VA 180 14 78530 44000 556.42 712 415740300000000 6 179 1 101053 12/08/2000 45 VIRGINIA BEACH 23454 2 12.990 122 43919.88 12/15/2015 2 4157404 IN 300 14 104296 55700 627.78 718 415740400000000 8 299 1 128000 12/06/2000 38 LEBANON 46052 2 12.990 125 55675.17 12/14/2025 2 4157406 OH 240 14 80750 25500 289.54 727 415740600000000 9 239 1 85000 12/13/2000 44 NEWARK 43055 2 12.490 125 25475.87 12/18/2020 2 4157407 OH 240 14 81685.73 30000 434.35 652 415740700000000 9 239 1 90000 12/08/2000 45 DAYTON 45416 2 16.750 125 29984.4 12/15/2020 2

  • Commercial Paper Rate means: (1) the

  • Reference Rate means the rate specified as such hereon.