2.15 Interest Rate definition

2.15 Interest Rate means, for each Fund, an amount equal to the net rate, expressed as a percent, of gain or loss on the assets of such Fund during a month reduced, with respect to Funds selected by Insurable Participants, by .0833 percent. If a Participant satisfies the definition of an Insurable Participant (as set forth in Section 2.14) at the time he becomes a Participant, but fails to satisfy such definition thereafter, the .0833 percent reduction described in the preceding sentence shall apply only to that portion of the net rate of gain or loss credited to the Participant's Account as:

Examples of 2.15 Interest Rate in a sentence

  • Section 2.15 Interest Rate Not Ascertainable, etc...........................................................

  • Illegality 117116 2.15 Interest Rate Determination 120119 -i- -ii- 2.16 Incremental Revolving Loans; Extensions 123122 2.17 Bank Products 127126 2.18 Reserves Generally 127126 2.19 Refinancing Facilities 127126 3.