Accrual Rate definition

Accrual Rate. : shall mean the annual interest rate of eight percent (8.0%).
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Accrual Rate has the meaning set forth in Section 2.4.
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Accrual Rate. With respect to the Class A Certificates and any Distribution Date, the lesser of (i) the One-Month LIBOR Pass-Through Rate for the applicable Interest Accrual Period and (ii) the Maximum Class A Pass-Through Rate for such Interest Accrual Period.
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Examples of Accrual Rate in a sentence

  • For Federal and State tax purposes (i) interest shall accrue at the Accrual Rate, and (ii) payments made pursuant to section 2 shall first be treated as interest, up to the amount of interest so accrued, then shall be treated as principal, until Purchaser has received, as principal, the entire Principal Amount, and then shall be treated as interest.

  • After having served in the state service for six (6) months, employees shall be credited with the appropriate earned vacation leave and thereafter vacation leave shall be accumulated or prorated on the appropriate schedule as follows for (a) full-time employees; (b) seasonal employees; and (c) part-time employees: Length of State Service: Vacation Accrual Rate: After six months (minimum 1,040 hours) (a) through 5th year; (b) 5th annual season; or, (c) 60th months.

  • Interest shall accrue at the rate of fifteen percent (15%) per year, at simple interest (the "Standard Accrual Rate"), on the remainder of the outstanding principal balance of the Loan from time to time (the "Standard Rate Balance of the Loan").

  • Principal amounts outstanding under the Loan shall bear interest at the following rates, at Borrower’s selection, subject to the conditions and limitations provided for in this Agreement: (i) the Base Rate Accrual Rate or (ii) LIBO Rate plus the Applicable Margin.

  • For employees authorized 64 hours of Sick Leave per calendar year and assigned to a 56-hour workweek, the Sick Leave Pay Period Accrual Rate shall be six hours and 32 minutes (6:32) per pay period.


More Definitions of Accrual Rate

Accrual Rate. : shall mean the annual interest rate of eight and one-half percent (8.5%).
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Accrual Rate. The rate set forth in the Insurance Agreement. The Accrual Rate shall be computed on the basis of the actual number of days elapsed over the actual number of days in the current calendar year. In no event shall the Accrual Rate exceed the maximum rate permissible under law applicable to this Agreement limiting interest rates.
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Accrual Rate means one month LIBOR as of October 29, 2008, which was 3.1175%, plus 1.0%.
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Accrual Rate means the rate, expressed as a fraction of pensionable earnings, at which pension benefits build up per £1.00 of pensionable earnings paid in each scheme year for each year of pensionable service.
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Accrual Rate. : shall mean the annual interest rate of nine percent (9.0%).
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Accrual Rate means the current prime rate as published in the Wall Street Journal applicable to the period that a payment is due plus 1.00%.
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Accrual Rate means the annual interest rate of nine percent (9%).
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