Minimum Rate definition

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 means the lowest rate in a Range, and is normally the hiring rate of a new employee.

Minimum Rate means, with respect to each Adjustable Rate Mortgage Loan, the amount set forth in the Note as the minimum Mortgage Rate Interest thereunder.

Examples of Minimum Rate in a sentence

• If any Maximum or Minimum Rate of Interest, Instalment Amount or Redemption Amount is specified hereon, then any Rate of Interest, Instalment Amount or Redemption Amount shall be subject to such maximum or minimum, as the case may be.

• If the applicable Final Terms specifies a Minimum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of paragraph (b) above is less than such Minimum Rate of Interest, the Rate of Interest for such Interest Period shall be such Minimum Rate of Interest.

• Unless otherwise stated in the applicable Final Terms the Minimum Rate of Interest shall be deemed to be zero.

• Unless otherwise specified in the applicable Final Terms, the Minimum Rate of Interest shall be deemed to be zero.

• If any Maximum Rate of Interest or Minimum Rate of Interest is specified in the relevant Final Terms, then the Rate of Interest shall in no event be greater than the maximum or be less than the minimum so specified.

More Definitions of Minimum Rate

Minimum Rate. With respect to an Adjustable Rate Mortgage Loan, any absolute minimum Mortgage Loan Rate, set by provisions in the related Mortgage Note, subject to the initial Mortgage Loan Rate first adjusting to a level in excess of such minimum Mortgage Loan Rate in accordance with the terms of the Mortgage Note.

Minimum Rate or “Minimum Weekly Rate means the rates of pay set out in Schedule 1.

Minimum Rate. With respect to each Mortgage Loan, the amount set forth in the Mortgage Note as the minimum Mortgage Rate thereunder.

Minimum Rate means, on any Auction Date with respect to a Rate Period of 28 days or fewer, 70% of the AA Composite Commercial Paper Rate at the close of business on the Business Day next preceding such Auction Date. There shall be no Minimum Rate on any Auction Date with respect to a Rate Period of more than the Standard Rate Period.

Minimum Rate means the national minimum wage or the national living wage being the minimum rate of pay (subject to Deductions) that the Employment Business reasonably expects to achieve, for all hours worked by the Agency Worker;

Minimum Rate means, on any Auction Date with respect to a Rate Period of days or fewer, 70% of the AA Composite Commercial Paper Rate at the close of business on the Business Day next preceding such Auction Date. There shall be no Minimum Rate on any Auction Date with respect to a Rate Period of more than the Standard Rate Period.

Minimum Rate means [[XXXX.XXX]] being the minimum rate of pay that the Employment Business reasonably expects to achieve, for all hours worked by the Intermediary;