Specified Interest Rate means the rate payable on undischarged judgments of the Courts of Ireland pursuant to the Courts Xxx 0000 As Amended from time to time during the period in respect of which interest is payable. THIRD SCHEDULE
Specified Interest Rate means the interest rate at which the Notes bear interest, which rate is to be determined in the Certificate of Award.
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.
Examples of Specified Interest Rate in a sentence
If a sum called in respect of a share is not paid before or on the day appointed for payment of the sum, the person from whom the sum is due must pay interest on the sum to the time of actual payment at the Specified Interest Rate.
For the duration of the Guaranteed Term of a GTO, the Company will credit a Specified Interest Rate on amounts remaining allocated under the GTO.
Each GTO in the same Investment Period has its own Specified Interest Rate for the Guaranteed Term relating to the selected GTO.
Where an Event of Default occurs, interest will be charged monthly in arrears on the outstanding balances, calculated daily, at the Specified Interest Rate.
For the period commencing with the first day after the Maturity Date and ending on the thirtieth day following the Maturity Date, the GTO will be credited with the same Specified Interest Rate in effect before the Maturity Date.
More Definitions of Specified Interest Rate
Specified Interest Rate means the Tax-Exempt Rate or the Taxable Rate, as applicable, plus the applicable Performance Margin.
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 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 of interest, which, at the time set or established under the contract, is likely to result in the crediting of no more than a minimal rate of additional interest to the accumulation fund on an annual or more frequent basis.§40.2(u) of Regulation 139.
Specified Interest Rate means the applicable annual federal mid-term rate, as that term is defined in Section 1274(d) of the Code, in effect for the month in which the payment is to be made.
Specified Interest Rate means the Treasury Xxxx Index (as described below) reduced by 1.40%. On the 15th day of March, June, September, and December, we determine the Treasury Xxxx Index to be effective during the period beginning on the first day of the next calendar quarter and ending on the last day of that quarter. The Index is equal to the arithmetic average of the discount rates established at the regular weekly auctions of 91-day United States Treasury Bills. Auctions occurring during the period beginning with the 16th day of the last month of the preceding calendar quarter and ending with the 15th day of the last month of the current calendar quarter are used to determine this average. Example: On March 15, 19X2 we determine that the Treasury Xxxx Index for the period December 16, 19X1 through March 15, 19X2 is 10.5%. We reduce the index by 1.40%. The Specified Interest Rate for the calendar quarter beginning April 1, 19X2 and ending June 30, 19X2 is 9.10%. If the regular auction program for 91-day Treasury Bills is discontinued, we will, with the approval of the insurance supervisory official of the state where this contract was delivered, use a comparable index. Within 10 days following the date that the Credited Interest Rate falls below the Specified Interest Rate, we will send a written notice to the Owner at the last known address shown on our records stating that redemption or maturity without charge can be elected until further notice. If the Credited Interest Rate once again becomes equal to or greater than the Specified Interest Rate, we will send a second written notice to the Owner at the last known address shown on our records. This second written notice will state that the opportunity to redeem or mature without charge will end 60 days from the date the second written notice was sent. Any redemption or maturity elected under this provision must become effective before the end of 60 days from the date the second written notice was sent.