Maximum Rate Increase definition

Maximum Rate Increase means that for the period of time from the date hereof to the fourth quarterly Distribution Payment Date and during each twelve-month period covering each subsequent four quarterly Distribution Payment Dates (each a “Measured Period”), up to and including the 20th quarterly Distribution Payment Date, the applicable Interest Rate shall not exceed the sum of (i)(A) for the first Measured Period, the Interest Rate in effect on the first Distribution Payment Date and (B) for each subsequent Measured Period, the Interest Rate in effect on the last quarterly Distribution Payment Date of the immediately preceding Measured Period, plus (ii) 2.75%.
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Maximum Rate Increase means that for the period of time from the date hereof to the fourth quarterly Distribution Payment Date and during each twelve-month period covering each subsequent four quarterly Distribution Payment Dates (each a “Measured Period”), up to and including the 20th quarterly Distribution Payment Date, the applicable Interest Rate shall not exceed the sum of (i)(A) for the first Measured Period, the Interest Rate in effect on the first Distribution Payment Date and (B) for each subsequent Measured Period, the Interest Rate in effect on the last quarterly Distribution Payment Date of the immediately preceding Measured Period, plus (ii) 2.75%. “Notice” has the meaning set forth in Section 2.11. “Officers’ Certificate” means a certificate signed by the Chairman of the Board, the Vice Chairman, the President or any Vice President, and by the Chief Financial Officer, the Treasurer, an Assistant Treasurer, the Comptroller, an Assistant Comptroller, the Secretary or an Assistant Secretary of the Company, and delivered to the Trustee. Each such certificate shall include the statements provided for in Section 14.06 if and to the extent required by the provisions of such Section. “Opinion of Counsel” means an opinion in writing signed by legal counsel, who may be an employee of or counsel to the Company, or may be other counsel reasonably satisfactory to the Trustee. Each such opinion shall include the statements provided for in Section 14.06 if and to the extent required by the provisions of such Section. The term “outstanding,” when used with reference to Debt Securities, subject to the provisions of Section 7.04, means, as of any particular time, all Debt Securities authenticated and delivered by the Trustee or the Authenticating Agent under this Indenture, except
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Maximum Rate Increase means that for the period of time from the date hereof to the fourth quarterly Distribution Payment Date and during each twelve-month period covering each
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Examples of Maximum Rate Increase in a sentence

  • Maximum Rate Increase; Delinquency Charges The bill increases the maximum interest rate a licensee may charge for a loan from 30% to 36% and removes the tiered interest rate structure altogether.

  • TBC-WASHINGTONIAN, LLC, a Maryland limited liability company By: Name: Pxxxx X.

  • Permanent Partial Disability Benefit Maximum Rate: Increase of $20 per year from the rate established in negotiations for the 2017 agreed bill, which would result in a maximum rate in 2021 of $442 per week.

  • Maximum Rate Increase Requested The maximum rate increase that could be applied to a policyholder based on changes to the base rate and rating factors, incremental and year-over-year renewal.

  • ForecastBudget2017/ 182018/ 19Total Annualised General Rates & Municipal Charge 169,663,470 Number of rateable properties as @ 30 June 2018 95,402 Base Average Rate 1,778.41 Maximum Rate Increase (set by the State Government)2.25%Capped Average Rate1,818.42Maximum General Rates & Municipal Charge Revenue173,480,898Budgeted General Rates & Municipal Charge Revenue173,458,102 For 2018/19 the Rates Cap has been set at 2.25%.

  • ForecastBudget2018/ 192019/ 20Total Annualised General Rates & Municipal Charge180,989,966 Number of rateable properties as @ 30 June 2019101,208 Base Average Rate1,788.30 Maximum Rate Increase (set by the State Government)2.25%2.50%Capped Average Rate1,833.00Maximum General Rates & Municipal Charge Revenue185,514,715Budgeted General Rates & Municipal Charge Revenue185,475,286 For 2019/20 the Rates Cap has been set at 2.5%.

Related to Maximum Rate Increase

  • Maximum Rate Cap Any of the Class A-1 Maximum Rate Cap, the Class A-2 Maximum Rate Cap or the Weighted Average Maximum Rate Cap.

  • Maximum Rate shall have the meaning assigned to such term in Section 9.09.

  • Minimum Rate With respect to each ARM Loan, the rate per annum set forth in the related Mortgage Note as the minimum Note Rate thereunder. The Minimum Rate as to each ARM Loan is set forth on the related Mortgage Loan Schedule.

  • Minimum Rate Period means any Rate Period consisting of 7 Rate Period Days.

  • Maximum Rate of Interest It is intended that the rate of interest hereon shall never exceed the maximum rate, if any, which may be legally charged on the loan evidenced by this Note ("Maximum Rate"), and if the provisions for interest contained in this Note would result in a rate higher than the Maximum Rate, interest shall nevertheless be limited to the Maximum Rate and any amounts which may be paid toward interest in excess of the Maximum Rate shall be applied to the reduction of principal, or, at the option of HSBC, returned to the Company.

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

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

  • Maximum Swingline Amount means $5,000,000.

  • Maximum Revolving Amount means $10,000,000.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Term Rate means the per annum interest rate with respect to Bonds in the Term Rate Mode determined pursuant to Section 2.09.

  • Maximum Lawful Rate has the meaning set forth in Section 2.7.

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Maximum Drawing Amount means at the time in question the sum of the maximum amounts which LC Issuer might then or thereafter be called upon to advance under all Letters of Credit which are then outstanding.

  • 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.

  • Premium Rate has the meaning assigned to such term in the Premium Letter.

  • CPI Increase means the percentage increase (but not decrease) in (i) the CPI published for the beginning of each Lease Year, over (ii) the CPI published for the beginning of the immediately preceding Lease Year.

  • 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 Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

  • Fixed Incremental Amount means (i) the greater of $920,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • Term Rate Period means any period of time during which a Group of 2021 Series A Variable Rate Bonds bears interest at the Term Rate.

  • Maximum Legal Rate means the maximum nonusurious interest rate, if any, that at any time or from time to time may be contracted for, taken, reserved, charged or received on the indebtedness evidenced by the Note and as provided for herein or the other Loan Documents, under the laws of such state or states whose laws are held by any court of competent jurisdiction to govern the interest rate provisions of the Loan.