Minimum Rate. With respect to each ARM Loan, the rate per annum set forth in the related Mortgage Note as the minimum Note Rate thereunder. The Minimum Rate as to each ARM Loan is set forth on the related Mortgage Loan Schedule.
Minimum Rate means the lowest rate in a Range, and is normally the hiring rate of a new employee.
Minimum Rate means, with respect to each Adjustable Rate Mortgage Loan, the amount set forth in the Note as the minimum Mortgage Rate Interest thereunder.
Examples of Minimum Rate in a sentence
Unless otherwise stated in the applicable Final Terms the Minimum Rate of Interest shall be deemed to be zero.
Where a different Margin or Maximum or Minimum Rate of Interest is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin or Maximum or Minimum Rate of Interest relating to the relevant Interest Period shall be substituted in place of the Margin or Maximum or Minimum Rate of Interest relating to that last preceding Interest Period.
More Definitions of Minimum Rate
Minimum Rate. With respect to an Adjustable Rate Mortgage Loan, any absolute minimum Mortgage Loan Rate, set by provisions in the related Mortgage Note, subject to the initial Mortgage Loan Rate first adjusting to a level in excess of such minimum Mortgage Loan Rate in accordance with the terms of the Mortgage Note.
Minimum Rate means, on any Auction Date with respect to a Rate Period of 28 days or fewer, 70% of the AA Composite Commercial Paper Rate at the close of business on the Business Day next preceding such Auction Date. There shall be no Minimum Rate on any Auction Date with respect to a Rate Period of more than the Standard Rate Period.
Minimum Rate. With respect to each Mortgage Loan, the amount set forth in the Mortgage Note as the minimum Mortgage Rate thereunder.
Minimum Rate means National Minimum Wage or the National Living Wage being the minimum rate of pay that the Employment Business reasonably expects to achieve, for all hours worked by the Intermediary;
Minimum Rate means [[XXXX.XXX]] being the minimum rate of pay that the Employment Business reasonably expects to achieve, for all hours worked by the Intermediary;
Minimum Rate means £7 per hour being the minimum rate of pay that the Employment Business reasonably expects to achieve, for all hours worked by the Intermediary;