Specified Interest Rate definition

Specified Interest Rate means the rate payable on undischarged judgments of the Courts of Ireland pursuant to the Courts ▇▇▇ ▇▇▇▇ As Amended from time to time during the period in respect of which interest is payable.

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Specified Interest Rate means a rate equal to 75 basis points over the yield on the Treasury Constant Maturity Series with maturity equal to six months as of the date of the Employee’s Separation from Service, as reported in Federal Reserve Statistical Release H.15.

Specified Interest Rate means the interest rate at which the Notes bear interest, which rate is to be determined in the Certificate of Award.

Examples of Specified Interest Rate in a sentence

• If a party obliged to reimburse another party shall fail to do so within the time allowed he shall be obliged to pay interest thereon at the Specified Interest Rate, as defined below, from the date on which a demand for the payment of same is made in writing until actual payment.

• In the event that payment of the Severance Payment is delayed as a result of the Employee’s status as a “specified employee,” the Employee shall also be entitled to receive interest on the Severance Payment at the Specified Interest Rate from the date of the Employee’s Separation from Service through the expiration of the period ending three days prior to the date the Severance Payment is made.

• MJN will be entitled to interest at the Specified Interest Rate on any portion of the Contribution Amount not contributed by BMS Subsidiary Shareholder to BMS Subsidiary following the later of the Contribution Date and the Consent Date.

• GUARANTEED TERM OPTION (GTO) - A funding option offered under the Contract which provides a guaranteed interest rate (the Specified Interest Rate), paid over certain maturity durations (the Guaranteed Term), so long as certain conditions are met.

• GUARANTEED TERM OPTION (GTO) - A funding option offered under the Contract which provides a guaranteed interest rate (the "Specified Interest Rate"), paid over certain maturity durations (the "Guaranteed Term"), so long as certain conditions are met.

More Definitions of Specified Interest Rate

Specified Interest Rate means a rate per annum of interest equal to 0.50%.

Specified Interest Rate means, with respect to any loan made to a Failing Member to fund a Call Deficiency pursuant to Section 7.3(a)(i), a rate per annum equal to the lesser of: (i)(a) if the Call Deficiency is less than the Failing Member’s Capital Commitment, fifteen percent (15%), or (b) otherwise, LIBOR plus seven percent (7%); or (ii) the maximum rate permitted by law.

Specified Interest Rate means the Tax-Exempt Rate or the Taxable Rate, as applicable, plus the applicable Performance Margin.

Specified Interest Rate means the annual rate of interest that BMS Subsidiary Shareholder earns on its invested cash balances from time to time.

Specified Interest Rate means the interest rate at which the Bonds bear interest, which rate shall not exceed five per centum (5.00%) per

Specified Interest Rate means the rate determined by the Directors for the purpose of this Constitution, and in the absence of a determination means 10% per annum;

Specified Interest Rate means, in respect of any Notes issued hereunder, the interest rate per annum to be payable on such Notes as mutually agreed between the Company's Board of Directors (on the recommendation of the Special Committee after receiving the advice of the Appraiser) and the Investor prior to the time of the issuance of such Notes, such that the Fair Market Value of such Notes, taking into consideration all other terms of the Notes, including but not limited to the Specified Conversion Rate, will be equal to the Purchase Price for such Notes; provided however that in the case of any Note issued pursuant to the exercise of the Investment Right with respect to the Senior Subordinated Note Interest Payment Date falling on each May 15, the Specified Interest 101 Rate for such Note shall be the Interest Rate set forth in the Notes issued following the immediately preceding Senior Subordinated Note Interest Payment Date. In relation to each Senior Subordinated Note Interest Payment Date falling on November 15, if the Company and the Investor shall not have agreed on the Specified Interest Rate within five (5) Business Days following the later to occur of (i) such Senior Subordinated Note Interest Payment Date, and (ii) the date of receipt by the Company of the Election Notice relating to such Senior Subordinated Note Interest Payment Date, the Specified Interest Rate shall be a rate determined by the Appraiser to be within the range of such rates that would apply to notes issued on or about the time of issuance of such Notes by companies comparable, both as to industry and financial condition, to the Company, and having all other terms similar to those applicable to the Notes (including but not limited to the Specified Conversion Rate), such that the Fair Market Value of the Notes as determined by the Appraiser, taking into consideration all other terms of the Notes (including but not limited to the Specified Conversion Rate) to be issued, will be equal to the Purchase Price for such Notes. The Appraiser shall complete its determination of the Interest Rate not later than the tenth (10) Business Day following the referral of the dispute to the Appraiser. Such determination shall be final and binding on the Company, Parent and the Investor, and the Appraiser shall deliver a notice thereof to the Company, Parent and the Investor, together with the financial analyses supporting its determination.