First Rate definition

First Rate shall have the meaning set forth in Section 3.1(e) hereof.
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First Rate shall have the meaning assigned such term in Section 3.02(b)(i).
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First Rate means an annual interest rate equal to six percent (6%).
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Examples of First Rate in a sentence

  • Interest shall accrue at the Fixed Rate until the First Rate Change Date.

  • The Adjustable Rate shall be in effect beginning on the First Rate Change Date.

  • I have reviewed this Form 10-K/A of First Rate Staffing Corporation.

  • For purposes of disclosure under the Interest Act (Canada), where interest is calculated pursuant hereto at a rate based upon a 360 day year (the “U.S. First Rate”), it is hereby agreed that the rate or percentage of interest on a yearly basis is equivalent to such U.S. First Rate multiplied by the actual number of days in the year divided by 360.

  • If interest accrues based on a 30/360 interest computation, then consecutive monthly installments of interest only, each in the amount of Dollars (US $ ), shall be payable on the First Payment Date and on the first day of every month thereafter, until and including the First Rate Change Date.

  • I have reviewed this Form 10-Q of First Rate Staffing Corporation.

  • There is not, to the knowledge of First Rate (Delaware), any pending, threatened, or existing litigation, bankruptcy, criminal, civil, or regulatory proceeding or investigation, threatened or contemplated against First Rate (Delaware) or against any of its officers.

  • First Rate (Delaware) agrees to indemnify First Rate LLC and the Members against any loss, damage, or expense (including reasonable attorney fees) suffered by First Rate LLC or by any of the Members from (1) any breach by First Rate (Delaware) of this Agreement or (2) any inaccuracy in or breach of any of First Rate (Delaware) 's representations, warranties, or covenants herein.

  • The representations and warranties of First Rate (Delaware) set forth herein shall be true and correct at the Merger Date as though made at and as of that date, except as affected by transactions contemplated hereby.

  • First Rate (Delaware) has timely filed and is current on all reports required to be filed by it pursuant to §12(g) of the Securities Exchange Act of 1934.


More Definitions of First Rate

First Rate means First Rate Exchange Services Limited which is a Post Office/Bank of Ireland joint venture company. ‘Joint Account’, applicable to Personal Clients only, has the meaning given in clause 16. ‘Licence’ means a revocable, non-exclusive, non-transferable licence to access the System, which is not sub-licensable. ‘Limit Order’ means an Order where the Client asks Moneycorp to buy or sell foreign currency when the foreign exchange rate reaches an agreed level. ‘Loss’ means any loss (including loss of profit), tax, cost, expense (including without limit legal expenses incurred in recovering any money due to Moneycorp), damage or liability (howsoever arising and whether actual or contingent, joint or several, present or future) that Moneycorp may incur on the Client’s behalf with a third party in connection with an Order or otherwise as a result of or in connection with the Client’s default or the Client’s failure to comply with the terms of this Agreement (including, without limit, the Client’s failure to fulfil the Client’s obligations under a Contract) or any other contract or agreement Moneycorp has with the Client provided that the same are not a direct result of Moneycorp’s wilful default or fraud. ‘Manifest Error’ means a manifest or obvious misquote by Moneycorp based on a published price source on which Moneycorp has relied in connection with any Transaction, having regard to the current market conditions at the time an Order is placed, as determined by Moneycorp. ‘Margin’ means, in relation to a Contract, advance payment of such an amount as Moneycorp may determine at its absolute discretion in accordance with the provisions of clause 6 of this Agreement. This is to provide Moneycorp with security in respect of the risk Moneycorp incurs on the Client’s Contract prior to the Client making full payment.
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First Rate if the Average Daily Balance for any calendar month is Ten Million Dollars ($10,000,000.00) or less, interest for such month will be at a rate that is the lesser of (i) one percentage point (1.00%) per annum HIGHER than the daily Prime Rate in effect from time to time and (ii) the highest rate from time to time permitted by applicable law (and amounts received from Borrower in excess of such highest rate from time to time permitted by applicable law will be considered reductions to principal to the extent of such excess); (ii) SECOND RATE: if the Average Daily Balance for any calendar month is between Ten Million Dollars and One Cent ($10,000,000.01) and Twenty-Five Million Dollars ($25,000,000.00), interest for such month will be at a rate that is the lesser of (i) the Prime Rate in effect from time to
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First Rate shall have the meaning assigned to such term in Section 2.05(c) hereof.
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Related to First Rate

  • GST Rate means the percentage amount of GST payable determined under section 9-70 of the Act as amended from time to time;

  • Rate means the Adjusted LIBO Rate and the Alternate Base Rate.

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

  • Initial Rate means each rate of interest to be paid in an Initial Period as set forth in the Certificate.

  • Net Rate With respect to each Mortgage Loan, the Mortgage Interest Rate in effect from time to time less the Aggregate Expense Rate (expressed as a per annum rate).

  • 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.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Prevailing Interest Rate means the rate of interest payable on the Securities applicable from time to time pursuant to Condition 4 (Interest Payments);

  • Current Rate means the applicable basic minimum wage rate for Local Workers by reason of any National or State Statute or Ordinance, prevailing on any date subsequent to the date 28 days prior to the latest date set for submission of Tenders.

  • 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.

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Payment Rate means the rate (expressed in €/MWh, €/Mvarh or €/MWs2h as appropriate) for the calculation of payments for DS3 System Services as specified in the Charging Statement;

  • Replacement Rate has the meaning assigned thereto in Section 4.2.(b).

  • Reset Rate means, in connection with each Remarketing, the rate per annum (as determined by the Remarketing Agent(s) in consultation with the Company pursuant to the Remarketing Agreement) rounded to the nearest one thousandth (0.001) of one percent that the Notes shall bear.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

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

  • Successor Rate means a successor to or replacement of the Original Reference Rate which is formally recommended by any Relevant Nominating Body.

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • Reference Rate means the rate specified as such hereon.

  • Market Rate means the rate as prevailing in the market and recommended by the Architect and as approved by the Employer on the basis of cost of materials, labour, plant etc inclusive of any tax, duty, octroi etc. at the time of execution of work.

  • 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;

  • Cap Rate For each Calculation Period, as set forth for such period on Schedule I attached hereto. Floating Rate for initial Calculation Period: To be determined Floating Rate Day Count Fraction: Actual/360 Floating Rate Option: USD-LIBOR-BBA, provided, however, if the Floating Rate Option for a Calculation Period is greater than 10.00% then the Floating Rate Option for such Calculation Period shall be deemed equal to 10.00%.