Maximum Allowed Rate definition

Maximum Allowed Rate means as of any date 15% per annum, or if lower, the rate specified as such in any Support Facility then in effect, provided, however, that such Maximum Allowed Rate shall not exceed the maximum rate, if any, permitted by applicable law.
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Maximum Allowed Rate means as of any date 15% per annum, or if lower, the rate specified as such in any Support Facility then in effect; provided, however, that such maximum allowed rate shall not exceed the Maximum Rate, if any, permitted by applicable law.
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Maximum Allowed Rate means as of any date (i) during any Commercial Paper Rate Period, Daily Rate Period, Weekly Rate Period, Monthly Rate Period, Semi-annual Rate Period or Term Rate Period, 15% per annum, or if lower, the rate specified as such in any Support Facility then in effect, and (ii) during any Auction Rate Period, Fixed Rate Period or during a bank bond rate period during which the Bonds are owned by a Liquidity Facility Issuer, 18% per annum, provided, however, that such Maximum Allowed Rate shall not exceed the maximum rate, if any, permitted by applicable law.
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Examples of Maximum Allowed Rate in a sentence

  • Anything herein to the contrary notwithstanding, in no event shall the interest rate borne by any Bond exceed the Maximum Allowed Rate.

  • The Maximum Day Usage that occurs within the Rate Year in which Grand Prairie exceeds two and a half (2.5) MGD shall establish the Maximum Day Demand used to determine the initial Maximum Allowed Rate of Flow.

  • If during the Rate Year Grand Prairie requests an increase in demand, to be in effect during that Rate Year, above the then in effect Maximum Allowed Rate of Flow, Grand Prairie will be levied an Excess Demand Charge.

  • Subsequent Maximum Allowed Rate of Flow limitations shall be adjusted to reflect Grand Prairie’s Maximum Day Demand.

  • The newly established Maximum Allowed Rate of Flow will be subject to any future Excess Demand Charges if the newly established Maximum Allowed Rate of Flow is exceeded during the Rate Year.

  • Upon exceeding the then current Maximum Allowed Rate of Flow, a new Maximum Allowed Rate of Flow will be established for the Rate Year.

  • If during the Rate Year, Grand Prairie’s actual Rate of Flow exceeds the Maximum Allowed Rate of Flow, Grand Prairie shall pay to Arlington the Excess Demand Charge.

  • The Excess Demand Charge shall be calculated by subtracting Grand Prairie’s then in effect Maximum Day Demand from Grand Prairie’s actual Maximum Allowed Rate of Flow (converted to MGD).

Related to Maximum Allowed Rate

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Maximum Advance Rate means 80.0%.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Excess Rate With respect to each ARD Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable Mortgage Rate, each as set forth in the Mortgage Loan Schedule.

  • Maximum Cap Rate For any Distribution Date with respect to the Group I Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans minus an amount, expressed as a percentage, equal to the Net Swap Payment and Swap Termination Payment, if any (other than termination payments resulting from a Swap Provider Trigger Event), due from the Trust for such Distribution Date, multiplied by 12, weighted on the basis of the outstanding Stated Principal Balances of the Group I Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Group II Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group II Mortgage Loans minus an amount, expressed as a percentage, equal to the Net Swap Payment and Swap Termination Payment, if any (other than termination payments resulting from a Swap Provider Trigger Event), due from the Trust for such Distribution Date, multiplied by 12, weighted on the basis of the outstanding Stated Principal Balances of the Group II Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Mezzanine Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average (weighted on the basis of the results of subtracting from the aggregate Stated Principal Balance of the applicable Loan Group, the current Certificate Principal Balance of the related Class A Certificates) of the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans and the Group II Mortgage Loans, in each case, weighted on the basis of the outstanding Stated Principal Balances of the related Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12.