Projected Rate definition

Projected Rate means that rate applicable to each Participant group as set forth below which will be credited on each date for which interest is to be credited under the Plan:

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Projected Rate means the rate specified in Appendix B under the column heading PROJECTED RATE for the applicable BILLING MONTH.

Projected Rate means, at the option of the Obligated Group Agent and approved by the Majority Applicable Holders (a) the interest rate that equals the most recently available Revenue Bond Index as published in The Bond Buyer (or such comparable index approved by the Obligated Group Agent if the Revenue Bond Index is no longer published), or (b) the projected yield at par of an obligation as set forth in the report of a Consultant (which Consultant and report, including without limitation the scope, form, substance and other aspects thereof, are acceptable to the Majority Applicable Holders). Such report shall state that in determining the Projected Rate such Consultant reviewed the yield evaluations at par of not less than three obligations selected by such Consultant, the interest on which is entitled to the exemption from federal income taxation afforded by Section 103(a) of the Code or any successor thereto (or, if it is not expected that it will be reasonably possible to issue such tax-exempt obligations, or if the interest on the Indebtedness for which the Projected Rate is being calculated is not entitled to such exemption, then obligations the interest on which is subject to federal income taxation), which obligations such Consultant states in its report are reasonable comparators for utilizing in developing such Projected Rate and which obligations: (i) were outstanding on a date selected by the Consultant, which date so selected occurred during the 90-day period preceding the date of the calculation utilizing the Projected Rate in question, (ii) to the extent practicable, are obligations of Persons engaged in operations similar to those of the Obligated Group and having a credit rating similar to that of the Obligated Group, (iii) are not entitled to the benefits of any credit enhancement, including without limitation any letter or line of credit or insurance policy, and

Examples of Projected Rate in a sentence

In the event the Township appointed physician certifies the employee fit to return to duty, and the employee fails to report for work, the employee will be considered as having resigned.
Commercial mixed waste processing expense: Projected Rate Year Processing Expense = (Rate Year projected processing fee per Ton) X (total annualized actual tons for the first six months of the Current Rate Year subject to reasonable adjustments for anticipated changes).
As part of that filing, PPL Electric agrees to modify the Rate Year used to populate the Formula Rate Template from June 1 to May 31 to reflect a projected rate year based on the calendar year of January 1 to December 31, together with any changes to the Formula Rate Protocols in ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇-▇▇ that are necessary to accommodate the use of a Projected Rate Year.
If the Contract Rate is greater than the Projected Rate, the difference shall be credited to the Company in the Suspense Account.
The Projected Rate Cap Limit for each Buyer is provided below which illustrates these calculations.
If the Projected Rate is greater than Contract Rate, the difference shall be debited to the Company in the Suspense Account.
Publisher shall not, directly or indirectly, solicit orders for or sell any Units of Licensed PSP Products in any situation where Publisher knows or reasonably should know that any of such Licensed PSP Products may be exported or resold outside of the Territory.
For example, if the transition to a Projected Rate Year becomes effective on January 1, 2022, PPL will receive a Blended Base ▇▇▇ of 9.93 percent from January 1, 2022 through December 31, 2022.
A Blended Base ▇▇▇ of 9.93 percent reflects 5 months of a 9.90 percent Base ▇▇▇ (through May 31, 2022) and 7 months of a 9.95 percent Base ▇▇▇ (starting June 1, 2022), as set forth in Section 1.1. Similarly, if the transition to a Projected Rate Year becomes effective on January 1, 2023, PPL will receive a Blended Base ▇▇▇ of 9.98 percent from January 1, 2023 through December 31, 2023.

More Definitions of Projected Rate

Projected Rate means the projected yield at par of an obligation as set forth in the report of a Consultant (which Consultant and report are not objected to by the Master Trustee). Such report shall state that in determining the Projected Rate such Consultant reviewed the yield evaluations at par of not less than three obligations selected by such Consultant, which obligations such Consultant states in its

Projected Rate means (ix) in the case of obligations the interest on which is expected to be exempt from federal income taxes, at the option of the Credit Group Representative, (i) the interest rate which equals the most recently available Revenue Bond Index of Average Municipal Bond Yields as published in The Bond Buyer (or such comparable index approved by the Credit Group Representative, if such Revenue Bond Index is no longer published) for a term most closely approximating the assumed term of the Indebtedness in question (i.e., the period to maturity calculated in the manner provided in the Master Trust Indenture) andor (ii) in all other casesthe projected yield at par of an obligation as set forth in the report of a Consultant (which Consultant and report, including without limitation the scope, form, substance and other aspects thereof, are not objected to by the Master Trustee) and (y) in the case of obligations the interest on which is not expected to be exempt from federal income taxes, the projected yield at par of an obligation as set forth in the report of a Consultant (which Consultant and report, including without limitation the scope, form, substance and other aspects thereof, are not objected to by the Master Trustee). SuchAny such report of a Consultant shall state that in determining the Projected Rate such Consultant reviewed (to the extent available) the yield evaluationevaluations at par of such number of other obligations selected by such Consultant as such Consultant deems appropriate, which obligations such Consultant states are reasonable comparators for utilizing in developing such Projected Rate and which obligations are not entitled to the benefits of any credit enhancement including without limitation any letter of credit or insurance policy.