Projected Interest Rate definition

Projected Interest Rate means the sum of the Bond Buyer Revenue Bond Index, as most recently compiled and published in The Bond Buyer as of the date of determination, plus 3% per annum, or if such index is no longer published, “Projected Interest Rate” shall mean an interest rate determined in such alternate manner as the State may establish by State Certificate or Supplemental Resolution; provided, that each Rating Agency shall have confirmed that no outstanding ratings on any of the Outstanding Unenhanced Bonds will be reduced or withdrawn as a result of the use of such alternate manner of determination, as evidenced by written confirmations thereof delivered from each Rating Agency, or if no Unenhanced Bonds are then Outstanding, but Other Obligations are Outstanding, the Beneficiaries holding such Other Obligations consent to the use of such alternate manner of determination, as evidenced in writing by each such Beneficiary.
Sample 1Sample 2Sample 3
Projected Interest Rate means, for purposes of determining the Cash Flow Projections as of the date of determining any such projections, a rate per annum equal to the weighted average applicable rate of interest payable by Company on all outstanding Indebtedness (exclusive of the Subordinated Indebtedness) during the most recently ended period of 30 consecutive calendar days, or, if no such Indebtedness is outstanding, the rate of interest which would then be applicable for a Eurodollar Advance, in the amount of $5,000,000, with an Interest Period of one month.
Sample 1Sample 2

Examples of Projected Interest Rate in a sentence

  • Regulatory Frameworks (e.g. trading mechanisms) 68Appendix 70Figure 1: Base Case 45Figure 2: Lowering the Contribution 46Figure 3: Actual Interest Rate Exceeds Projected Interest Rate 47Figure 4: Public-Private Delivery Model Spectrum 53 Executive Summary‌State, regional, and local governments across the United States have increasingly turned to green infrastructure (GI) as a means of controlling stormwater runoff, remediating sewer overflows, and preserving coastal environments.

  • Smart Product Specifications Projected Interest Rate (annual) Type of interest rate “Base” You may request the resale of any number of your claims at any moment.

  • Figure 3: Actual Interest Rate Exceeds Projected Interest Rate % Gross Revenue Reserved In sum, it is important that the corpus is appropriately sized.

  • The Financial Plan must include debt issuance and service schedules and calculations establishing the District’s projected maximum debt capacity (the “Total Debt Limitation”) based on assumptions of: (i) Projected Interest Rate on the debt to be issued; (ii) Projected Assessed Valuation of the property within the District; and (iii) Projected Rate of Absorption of the assessed valuation within the District.

  • Projected Interest Rate: An estimated long-term inflation factor used in projecting cost estimates.

  • New profile as below and compliant through to August 2015.3.5 Before the strategy is transacted Council should be comfortable with debt continuing to exceed $13m for the next 24 months.3.6 Once the swaps are in place the Interest Rate Repricing Chart will be as follows: Figure 2 Projected Interest Rate Repricing Chart 4.0 OPTIONS Floating Debt Fixed Debt Current profile 4.1 Delegate authority to enter transactions.

  • The site met primary selection criteria regarding space requirements, proximity to public transport and proximity to other allied services and held the endorsement by the Darebin Aboriginal Advisory Committee.

  • The Financial Plan must include debt issuance and service schedules and calculations establishing the District’s projected maximum debt capacity (the “Total Debt Limitation”) based on assumptions of: (i) Projected Interest Rate on the debt to be issued; (ii) Projected Assessed Valuation of the property within the District; and(iii) Projected Rate of Absorption of the assessed valuation within the District.

Related to Projected Interest Rate

  • Selected Interest Rates as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

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

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Stated Interest Rate means with respect to (i) the Class AA Certificates, 3.15% per annum, (ii) the Class A Certificates, 3.50% per annum and (iii) the Class B Certificates, 3.85% per annum.

  • Capped Interest Rate is defined in the Note, if applicable.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Agreed Interest Rate means that interest rate determined as of the time it is to be applied that is equal to the lesser of (i) 5% in excess of the discount rate established by the Federal Reserve Bank of San Francisco as it may be adjusted from time to time, or (ii) the maximum interest rate permitted by Law.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

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

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Assumed Interest Rate means the annual yield payable on the last day of the applicable Calculation Period on ten (10) year United States Treasury obligations in amounts approximating the outstanding principal balance of the Loan on the last day of the Calculation Period plus two hundred fifty (250) basis points per annum; provided, however, that the Assumed Interest Rate shall be not less than six percent (6.0%) per annum.

  • Impacted Interest Period has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Cash Interest Rate means the Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15 (519), or any successor publication, published by the Board of Governors of the Federal Reserve System.

  • Class E Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • Bond Interest Rate means, with respect to any Tranche of Storm Recovery Bonds, the rate at which interest accrues on the Storm Recovery Bonds of such Series or Tranche, as specified in the Series Supplement.

  • Interest Rate Cap means any interest rate cap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.