Examples of Statutory Reserve Rate in a sentence
Any change in the interest rate on a Loan resulting from a change in the ABR or the Statutory Reserve Rate shall become effective as of the opening of business on the day on which such change becomes effective.
The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.
Following an ordinary election for an established Community Council, the new Treasurer will receive the accounts of the Community Council from the outgoing Treasurer, together with information on the financial support provided to Community Councils by the Council and arrangements for the keeping of accounts.
Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Statutory Reserve Rate shall become effective as of the opening of business on the day on which such change becomes effective.
Any change in the interest rate on a Loan resulting from a change in the Alternate Base Rate or the Statutory Reserve Rate shall become effective as of the opening of business on the day on which such change becomes effective.