Applicable Federal Rate definition

Applicable Federal Rate means the "applicable federal rate" as defined in Section 1274(d) of the Code.

Applicable Federal Rate shall have the meaning set forth in Section 1274 of the Code.

Applicable Federal Rate shall have the meaning set forth in Section 1274(d) of the Code, compounded quarterly.

Examples of Applicable Federal Rate in a sentence

• The Managing Member, in its sole discretion, may impose a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Code)) on any Operating Expenses Reimbursement Obligation.

• In the event that the Severance Payment is determined to exceed the amount actually paid hereunder, the Corporation shall pay the Executive such difference plus interest on the amount of such additional payment at the Applicable Federal Rate at the time that the amount of such difference is finally determined.

• Except as otherwise noted, any such loans by affiliates of the Company accrue interest at the Applicable Federal Rate (as defined in the Internal Revenue Code), and any other loans accrue interest as described herein.

• The Optionee's borrowing from the Company on an open account shall be a personal obligation of the Optionee which shall bear interest at the published Applicable Federal Rate (AFR) for short-term loans and shall be payable upon demand by the Company.

• The use of a federal HOME grant or NAHASDA funds in the form of a bona fide loan that is repayable and has a certain repayment date are no longer considered a “federal subsidy” that would reduce basis or the APR, even if the interest rate is below the Applicable Federal Rate.

More Definitions of Applicable Federal Rate

Applicable Federal Rate means 120% of the applicable federal long-term rate, with monthly compounding (as prescribed under Section 1274(d) of the Code), published for the December immediately prior to the Plan Year.

Applicable Federal Rate means the annual long-term (more than nine years) rate published monthly in the United States by the Internal Revenue Service for federal income tax purposes via a monthly revenue ruling which may be downloaded from the Internal Revenue Service’s website at: https://apps.irs.gov/app/picklist/list/federalRates.html

Applicable Federal Rate means the applicable federal rate for short-term (0-3 years) obligations of the United States Treasury as determined initially in the month of closing of ML Ventures and thereafter in January of each subsequent year.

Applicable Federal Rate means the most recently published applicable federal rate for determining

Applicable Federal Rate means the highest marginal U.S. federal income tax rate applicable to corporations in effect, or expected to be in effect, on the date of an applicable Required Divestiture that will, or is expected to, occur after Closing.

Applicable Federal Rate means, with respect to the Loans, the greater of (a) the AFR in effect on the first day of the quarter and (b) the AFR in effect on the first day of the quarter in which any Loan still outstanding is made.

Applicable Federal Rate means the rate computed pursuant to Section 1274(d) of the Code, compounded quarterly, with respect to the applicable period.