Optional Rate definition

Optional Rate means as to any Optional Rate Loan a rate of interest per annum to be determined at the time a Borrower gives a notice of borrowing for an Optional Rate Loan, which may be a fixed rate or a variable rate, and which shall be at a mutually agreeable margin over the cost to the applicable Lending Office to obtain Dollars or the Approved Currency in the jurisdiction in which the Optional Rate Loan is to be made.
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Optional Rate means the conversion rate, as set forth in Section III(B) of the Certificate, at which the Stock, and therefore the Depositary Shares, will be subject to upon conversion, and may be subject to upon redemption.
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Optional Rate. Reinvestment Rate"; and "EBITDA".
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Examples of Optional Rate in a sentence

  • For small commercial customers, the joint testimony in Exhibit JT-4 represents a compromise of positions regarding monthly service fees, adoption of a two-period TOU default rate, the Greater Fixed Charge Optional Rate, and Schedule A-TC.

  • Rather than including 100 percent of the total distribution costs in the Greater Fixed Charge Optional Rate as SDG&E originally proposed, Exhibit JT-4 proposes to allow SDG&E to implement a modified Greater Fixed Charge Optional Rate that includes only 50 percent of total distribution costs, including customer costs and distribution demand, through the demand differentiated customer charge with the remaining distribution costs recovered through distribution energy rates.

  • Procedures upon Company's Exercise of Optional Rate Reset: Company Notice to Trustee Regarding Exercise of Reset Option.

  • All adjustments to the Mandatory Conversion Rate and Optional Rate shall be made successively.

  • Not applicable.(b)(ii) Previous corresponding period (cents) (Optional) Rate (%)None.

  • All adjustments to the Mandatory Conversion Rate and the Optional Rate shall be calculated to the nearest 1/100th of a share of Common Stock.

  • The error estimates for the calculated variables reported in Table 1 were obtained by well-known standard procedures (see [29]) described in the Appendix.

  • Optional Rate: Offer Haverhill residents who reside or work downtown a discounted monthly permit rate of $25 where out-of-town residents pay $35.The higher out-of-town monthly permit rate would pay for the discounted permit rate to downtown residents and employees.

  • To the extent that shares of Common Stock are not delivered after the expiration of such right or warrants, the Mandatory Conversion Rate and the Optional Rate shall each be readjusted to the Mandatory Conversion Rate and the Optional Rate which would then be in effect had the adjustments made after the issuance of such rights or warrants been made upon the basis of issuance of rights or warrants in respect of only the number of shares of Common Stock actually delivered.

  • The term "Extraordinary Cash Distribution" means, with respect to any consecutive 12-month period, all cash dividends and cash distributions on the Common Stock during such period (other than cash dividend and cash distributions for which prior adjustment to the Mandatory Conversion Rate and Optional Rate was previously made) to the extent such dividends and distributions exceed, on a per share of Common Stock basis, 10% of the average daily Closing Price of the Common Stock over such period.


More Definitions of Optional Rate

Optional Rate means the sum of the Adjusted LIBO Rate plus 1.50%.
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Optional Rate means a rate selected by Borrower to be calculated by reference to the Adjusted LIBOR.
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Optional Rate means a LIBOR-based Rate. -------------
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Optional Rate means the LIBOR plus the Applicable Margin.
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Optional Rate means the sum of the Adjusted LIBO Rate plus 1.50%. "Permanent Financing Period" means the period commencing on the Conversion
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Optional Rate means one of the optional interest rates provided under this Agreement, other than BofA's Reference Rate and UBOC's Prime Rate.
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Related to Optional Rate

  • additional rate means the additional rate levied by the City of Cape Town on rateable properties within the designated boundaries of the Special Rating Area for purposes of raising funds for improving and upgrading that area, subject to any exemptions or permissible differentiation between categories of property, as contemplated in section 22(1) of the Rates Act, read with sections 8(1) and 12(2) of the By-Law;

  • Final rate means an indirect cost rate applicable to a specified past period which is based on the actual costs of the period. A final rate is not subject to adjustment.

  • Initial Rate means each rate of interest to be paid in an Initial Period as set forth in the Certificate.

  • ANNUAL RATE ADJUST: MONTHLY P&I : 1,758.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.40000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.40000 PRODUCT CODE : 002 LTV : 44.17300 ---------------------------------------------------------------- 0 0007659485 MORTGAGORS: XXXXXX XXXXX XXXXXX XXXXX REGION CODE ADDRESS : 3 WESTMINSTER 01 CITY : LAFAYETTE STATE/ZIP : XX 00000 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 287,119.66 ANNUAL RATE ADJUST: MONTHLY P&I : 1,994.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.40000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.40000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,583,100.00 P & I AMT: 10,940.53 UPB AMT: 1,578,321.88 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 04/01/98 P.O. BOX 5260 TMS AG0004980830 01 PAGE: 10 XXXXXX XXXX, X.X. 00000 (000) 000-0000 0 ---------------------------------------------------------------- 0 0007659493 MORTGAGORS: XXXXXX XXXXXX REGION CODE ADDRESS : 000 X XXXXX XXXXX XXX 01 CITY : ANAHEIM STATE/ZIP : XX 00000 MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT : UNPAID BALANCE : 378,849.94 ANNUAL RATE ADJUST: MONTHLY P&I : 2,644.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.45000 PRODUCT CODE : 002 LTV : 69.09000 ---------------------------------------------------------------- 0 0007659519 MORTGAGORS: XXXXXXX XXXXX REGION CODE ADDRESS : 000 XXXX XXXX 01 CITY : MILL VALLEY STATE/ZIP : XX 00000 MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,329.49 ANNUAL RATE ADJUST: MONTHLY P&I : 1,717.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.40000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.40000 PRODUCT CODE : 002 LTV : 75.15100 ---------------------------------------------------------------- 0 0007659527 MORTGAGORS: XXXX XXXXXXX

  • 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.

  • Special Rate Period with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Articles Supplementary.

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • SOFR Rate means the rate that will be obtained by the Paying Agent for each Interest Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, means, 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.

  • Optional Reset Date has the meaning specified in Section 3.7.

  • Call Rate means, if the call option has been exercised with respect to the reset rate notes, the rate of interest that is either: • if the reset rate notes did not have at least one related swap agreement in effect during the previous reset period, the floating rate applicable for the most recent reset period during which the Failed Remarketing Rate was not in effect; or • if the reset rate notes had one or more swap agreements in effect during the previous reset period, the weighted average of the floating rates of interest that were due to the related Swap Counterparties from the trust during the previous reset period. The Call Rate will continue to apply for each reset period while the holder of the call option retains the reset rate notes.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Ramp Rate is the applicable Ramp Rate as stated in Section 8 of Schedule A.

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

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

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.

  • Late Payment Rate As defined in the Insurance Agreement.

  • Rental Rate means the average annualized composite rate for United States treasury bonds issued for periods of ten years and longer plus two percent. The rental rate shall not exceed ten and three-quarters percent nor fall below eight and one-quarter percent.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • 5 year Swap Rate means, in respect of any Reset Period, the mid-swap rate as displayed on Reuters screen “ICESWAP2/EURSFIXA” or, if such rate is not displayed on such screen as at the relevant time, the mid-swap rate as displayed on a successor page (in each case, the “Reset Screen Page”) as at 11:00a.m. (Central European time) on the relevant Reset Interest Determination Date.Subject to the operation of Condition 4(d), in the event that the relevant 5 year Swap Rate does not appear on the Reset Screen Page on the relevant Reset Interest Determination Date, the 5 year Swap Rate will be the Reset Reference Bank Rate on such Reset Interest Determination Date. “Reset Reference Bank Rate” means the percentage rate determined by the Agent Bank on the basis of the 5 year Swap Rate Quotations provided by five leading swap dealers in the interbank market selected by the Issuer (the “Reset Reference Banks”) to the Agent Bank at approximately 11:00 a.m. (Central European time) on the relevant Reset Interest Determination Date. If (a) at least three quotations are provided, the 5 year Swap Rate will be determined by the Agent Bank on the basis of the arithmetic mean (or, if only three quotations are provided, the median) of the quotations provided, eliminating the highest quotation (or, in the event of equality one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest); (b) if only two quotations are provided, the Reset Reference Bank Rate will be the arithmetic mean of the quotations provided; (c) if only one quotation is provided, the Reset Reference Bank Rate will be the quotation provided; and (d) if no quotations are provided, the Reset Reference Bank Rate for the relevant period will be equal to the last observable 5 year mid-swap rate for euro swap transactions on the Reset Screen Page, as determined by the Agent Bank.The “5 year Swap Rate Quotations” means, in relation to any Reset Period, the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 Day Count basis) of a fixed-for- floating euro interest rate swap which (i) has a term of five years commencing on the relevant Reset Date, (ii) is in an amount that is representative of a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market, and (iii) has a floating leg based on the six-month EURIBOR rate (calculated on the basis of the actual number of days elapsed and a year of 360 days)(d) Benchmark Replacement

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Original Accrual Rate With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related Accounting Net Yield as of the Cut-off Date; and (ii) the related mortgage rate as of the Cut-off Date minus 0.35%.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.