Calculated Rate definition

Calculated Rate shall have the meaning assigned to it in Section 2.2(a) hereof.

Calculated Rate means, as of any date of determination, the applicable percentage referenced in the table below during the time period opposite each such percentage with respect to the portion of the outstanding unpaid principal balance of the Loan opposite each such percentage: Applicable Time Period Applicable Portion of the Outstanding Unpaid Principal Balance of the Loan Calculated Rate From Fifth Amendment Effective Date to September 20, 2018 Equal to or less than the sum of $10,000,000 less the then outstanding principal balance of the Inventory Loan 4.50% From Fifth Amendment Effective Date to September 20, 2018 Greater than the sum of $10,000,000 less the then outstanding principal balance of the Inventory Loan, but less than or equal to the sum of $19,000,000 less the then outstanding principal balance of the Inventory Loan 4.00% From Fifth Amendment Effective Date to September 20, 2018 Greater than the sum of $19,000,000 less the then outstanding principal balance of the Inventory Loan 3.50% From September 21, 2018 and thereafter Equal to or less than the sum of $15,000,000 less the then outstanding principal balance of the Inventory Loan 3.00% From September 21, 2018 and thereafter Greater than the sum of $15,000,000 less the then outstanding principal balance of the Inventory Loan 2.75% 

Calculated Rate means, as of any date of determination, the applicable percentage referenced in the table below during the time period opposite each such percentage with respect to the portion of the outstanding unpaid principal balance of the Loan opposite each such percentage: Applicable Time Period Applicable Portion of the Outstanding Unpaid Principal Balance of the Loan Calculated Rate From June 25, 2015 through and including December 31, 2015 Equal to or less than the sum of $29,000,000 less the then outstanding principal balance of the Inventory Loan 4.50% From June 25, 2015 through and including December 31, 2015 Greater than the sum of $29,000,000 less the then outstanding principal balance of the Inventory Loan 4.00% From January 1, 2016 through and including September 20, 2016 Equal to or less than the sum of $19,000,000 less the then outstanding principal balance of the Inventory Loan 4.50% From January 1, 2016 through and including September 20, 2016 Greater than the sum of $19,000,000 less the then outstanding principal balance of the Inventory Loan 4.00% From September 21, 2016 and thereafter Equal to or less than the sum of $10,000,000 less the then outstanding principal balance of the Inventory Loan 4.50% From September 21, 2016 and thereafter Greater than the sum of $10,000,000 less the then outstanding principal balance of the Inventory Loan 4.00% Notwithstanding the foregoing, in the event Lenders agree to extend the Revolving Credit Period Expiration Date as set forth in the definition of “Revolving Credit Period Expiration Date” hereunder, the “Calculated Rate” shall be equal to four percent (4.0%) per annum for the entire outstanding principal balance of the Loan from September 20, 2018 and thereafter.”

Examples of Calculated Rate in a sentence

• The percentage will be determined in accordance with the following fraction: (Legislative appropriations / (The Sum of Each Facility’s Calculated Rate Multiplied by Each Facility’s Proportional Share of the Anticipated (Budgeted) Case Load for All Freestanding Nursing Facilities)).

• If Lenders are prevented from charging or collecting interest at the Calculated Rate, then the interest rate shall continue to be the Maximum Rate until such time as Lenders have charged and collected the full amount of interest that would be chargeable and collectable if interest at the Calculated Rate had always been lawfully chargeable and collectible.

• SUD shall pay City charges for transport and treatment of the WCID #3 Wastewater (the “ Wastewater Charges”) equal to the amount derived by multiplying the number of gallons of WCID #3 Wastewater metered for the billing period times the Calculated Rate.

• If the board elects to attempt a conciliation, he may postpone notification for a period of not more than 30 days after notification to the actor of an informal complaint.

• Daily first hour data (9:00 am to 10:00 am)(Currently 10:00 to 11:00 am from April 7, 2020 onwards)Benchmark: FBIL CD Rates (Certificate of Deposit)Category: Rupee Interest RateType: Traded data (Vol in ₹Crs and rates in %)*Source: Reported data on FTRAC platform of CCIL# Calculated Rate Benchmark: FBIL T-Bill Rates (Treasury Bills)Category: Rupee Interest RateType: Traded data (Vol in ₹Crs and rates in %)*Source: NDS – OM (Negotiated Dealing System-Order Matching)*The volumes (Vol), no.

More Definitions of Calculated Rate

Calculated Rate. – means the rate of interest, equal to the sum of: (a) two hundred fifty basis points (2.50%) plus (b) the Benchmark then in effect.

Calculated Rate means the total revenue raised statewide by the local education tax multiplied by 1000, and then divided by the total statewide equalized valuation.

Calculated Rate shall have the meaning assigned to it in Section 2.2(a) hereof; provided, however, that from and after the date on which Agent selects an Alternative Index and/or an Alternative Rate, the “Calculated Rate” shall be deemed to refer to the Alternative Rate.

Calculated Rate means the total Development Amount divided by US$33,333,333.

Calculated Rate shall have the meaning assigned to it in Section 2.2(a) hereof; provided, however, that from and after the date on which Agent, in consultation with Borrower, selects a Replacement Index and/or a Replacement Rate, the “Calculated Rate” shall be deemed to refer to the Replacement Rate.

Calculated Rate shall have the meaning assigned to it in Section 2.2(a) hereof. 8 CURO - LOAN AND SECURITY AGREEMENT

Calculated Rate means the rate of interest, equal to the sum of: (a) two hundred fifty basis points (2.50%) plus (b) the Benchmark then in effect.