Average Rate definition

Average Rate means the simple arithmetic mean of the bank rates in effect at 4:00 p.m. Eastern Standard Time each day during the calendar month which immediately precedes the calendar month in which payment is made, where the "bank rate" means the rate of interest established from time to time by the Bank of Canada as the minimum rate at which the Bank of Canada makes short term advances to members of the Canadian Payments Association;

Average Rate means the simple arithmetic mean of the Bank Rates in effect at 4:00 p.m. Eastern Time each day during the calendar month immediately before the calendar month in which payment is made;

Average Rate. With respect to each Distribution Date and each Subordinate Class, a per annum rate equal to the weighted average of (1) the Designated Rate applicable to each of Pool 2 and Pool 3, (2) the Pool 1 Net WAC Rate applicable to Pool 1 and (3) the Pool 4 Net WAC Rate applicable to Pool 4, expressed as a percentage and weighted on the basis of the Group Subordinate Amount for each such Mortgage Pool.

Examples of Average Rate in a sentence

• Union Average Rate Identifiers Classification(s) listed under the UAVG identifier indicate that no single majority rate prevailed for those classifications; however, 100% of the data reported for the classifications was union data.

• Union Average Rate IdentifiersClassification(s) listed under the UAVG identifier indicate that no single majority rate prevailed for those classifications; however, 100% of the data reported for the classifications was union data.

• The Contractor will be advised of any changes to this tripwire level that occur during performance All Fully Burden Average Rate of $156/hour or greater shall require COR and the PCO’s review and written approval.

• In the event that a Delta Percentage is greater than 30% for any given period, the bid that contained the higher Total Average Rate that generated that Delta Percentage will be considered non- responsive.

• Once all the Total Average Rates are determined, Canada will determine the percentage difference between the two bids Total Average Rates (the Delta Percentage) for each given period using the following formula: Subtract the lower Total Average Rate from the higher Total Average Rate, then divide the result by the lower Total Average Rate (see example below).

More Definitions of Average Rate

Average Rate means the percentage obtained by dividing the sum of the annual compulsory contribution rates by contributory membership.

Average Rate. With respect to each Distribution Date and each Class of Subordinate Certificates, a per annum rate equal to the weighted average of the Designated Rate applicable to each Collateral Group, expressed as a percentage and weighted on the basis of the Group Subordinate Amount for each such Collateral Group.

Average Rate means the simple arithmetic mean of the Bank Rates in effect at 4:00

Average Rate shall have the meaning specified in the Pooling and Servicing Agreement.

Average Rate. For each Distribution Date, an annual rate equal to the weighted average of the Designated Rates applicable to each of the Groups, weighted on the basis of the Group Subordinate Amount for each Group.

Average Rate unless otherwise provided in any Supplement, shall mean, as of any date of determination and with respect to any Group, the percentage equivalent of a decimal equal to the sum of the amounts for each outstanding Series (or each Class within any Series consisting of more than one Class) within such Group obtained by multiplying (a) the Certificate Rate (reduced to take into account the payments received pursuant to any interest rate agreements net of any amounts payable under such agreements, or, if such agreements result in a net amount payable, increased by such net amount payable) for such Series or Class, by (b) a fraction, the numerator of which is the aggregate unpaid principal amount of the Investor Certificates of such Series or Class and the denominator of which is the aggregate unpaid principal amount of all Investor Certificates within such Group.

Average Rate means the percentage equivalent of a decimal equal to the sum of the amounts for each outstanding Series and Class obtained by multiplying (a) the sum of the Certificate Rate for such Series or Class plus the Net Servicing Fee Rate for such Series or Class, by (b) a fraction, the numerator of which is the aggregate unpaid principal amount of the Investor Certificates of such Series or Class and the denominator of which is the aggregate unpaid principal amount of all Investor Certificates.