Examples of Margin Rate Factor in a sentence
Starting January 1, 2018, the Index Floaters were subject to the Margin Rate Factor.
Effective August 1, 2018, the annual interest rate was amended and is calculated as 81.4% of the sum the LIBOR Rate plus 1.60% multiplied by the bank’s Margin Rate Factor and is adjusted monthly.
The annual interest rate is calculated as 77% of the sum of the LIBOR Rate plus 1.60% multiplied by the bank’s Margin Rate Factor and is adjusted monthly.
The Margin Rate Factor increases the total interest rate cost of the index floaters due to the reduction of the corporate tax rate to 21 percent.
During each LIBOR Index Rate Period, the LIBOR Index Rate shall be determined by the Calculation Agent on each Calculation Date and shall be equal to the lower of (A) the Maximum Rate applicable to such Series 2010D Bonds and (B) the product of (1) the sum of (a) the Applicable Spread and (b) the product of (i) LIBOR and (ii) the Applicable Factor and (2) the Margin Rate Factor.