Assumed Interest Rate definition

Assumed Interest Rate means the annual yield payable on the last day of the applicable Calculation Period on ten (10) year United States Treasury obligations in amounts approximating the outstanding principal balance of the Loan on the last day of the Calculation Period plus two hundred fifty (250) basis points per annum; provided, however, that the Assumed Interest Rate shall be not less than six percent (6.0%) per annum.

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Assumed Interest Rate means an interest rate used by Taiwan Life on annuity starting date for the purpose of computing annuity amount.

Assumed Interest Rate. (which will be determined three (3) Business Days before the date of execution of this Schedule).

Examples of Assumed Interest Rate in a sentence

The basis of the Annuity Tables for Options 1 through 4 and 8 and the Assumed Interest Rate are set forth on page 3.
With respect to Variable Annuity Payments, the amount set forth in the Annuity Tables, as adjusted for the Assumed Interest Rate, is the amount of the FIRST monthly Annuity Payment for Annuity Options 1 through 6.
The Annuity Tables are modified to reflect: the Assumed Interest Rate for Variable Annuity Payments; or the rate of interest in effect on the Annuity Start Date for Fixed Annuity Payments.
The annualized discount rate used for the present value calculation equals the Assumed Interest Rate plus the asset charge.
With respect to Variable Annuity Payments, the amount set forth in the Annuity Tables, as adjusted for the Assumed Interest Rate, is the amount of the FIRST monthly Annuity Payment for Annuity Options 1 through 4, 7 and 8.

More Definitions of Assumed Interest Rate

Assumed Interest Rate means, as of the date of any Advance by a Participant, --------------------- the LIBO Rate that would have been applicable for purposes of calculating interest and Yield in the event that the Advance Date to which such Advance relates had occurred on such date. Appendix 1 to Participation Agreement

Assumed Interest Rate means (a) with respect to Commercial Paper Notes,

Assumed Interest Rate. Assumed Interest Amount" and "Rent Differential Amount" are hereby deleted in their entirety.

Assumed Interest Rate means 6.40% per annum, compounded semi-annually and computed on the basis of a 360-day year of twelve 30-day months.

Assumed Interest Rate. The interest rate used to calculate the annual payout rate and Annuity Unit Values. The Assumed Interest Rate is shown on the Contract Data Pages. The Assumed Interest Rate cannot be changed after the Contract Date.

Assumed Interest Rate means, with respect to any Series of Bonds the principal and interest requirements of which are to be recast as provided in clause (v) of the definition of “Bond Service Requirement” herein contained, the rate per annum (determined as of the last day of the calendar month next preceding the month in which the determination of Assumed Interest Rate is being made) set forth in an opinion delivered to the Issuer of an investment banker, selected by the Issuer and experienced in underwriting indebtedness of the type being recast, as being not lower than the lowest rate of interest at which indebtedness having comparable terms, security and federal tax status amortized on a level debt service basis over a period of time equal to the Assumed Amortization Period, and issued or incurred by similar issuers of comparable credit standing would, if being offered as of such last day of the calendar month, be marketable on reasonable and customary terms; provided that such rate shall not be less than the rate specified in the Twenty Bond Index, published in The Bond Buyer, or successor index, as in effect on the date of such opinion or greater than the highest rate permitted by law at which Bonds could be sold on a given date.

Assumed Interest Rate means an interest rate of seven percent (7%) per annum, compounded annually; provided, however, that if the Plan Administrator deems it necessary or appropriate, such Assumed Interest Rate may be adjusted from time to time to an amount that does not exceed the then-current prime interest rate of Bank of America. No Participant shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted Assumed Interest Rate.