Calculated Rate definition
Calculated Rate shall have the meaning assigned to it in Section 2.2(a) hereof.
Calculated Rate means the rate effective July 1, 1999 and each July 1 thereafter for:
Calculated Rate means, as of any date of determination, the applicable percentage referenced in the table below during the time period opposite each such percentage with respect to the portion of the outstanding unpaid principal balance of the Loan opposite each such percentage: From Fifth Amendment Effective Date to September 20, 2018 Equal to or less than the sum of $10,000,000 less the then outstanding principal balance of the Inventory Loan 4.50% From Fifth Amendment Effective Date to September 20, 2018 Greater than the sum of $10,000,000 less the then outstanding principal balance of the Inventory Loan, but less than or equal to the sum of $19,000,000 less the then outstanding principal balance of the Inventory Loan 4.00% From Fifth Amendment Effective Date to September 20, 2018 Greater than the sum of $19,000,000 less the then outstanding principal balance of the Inventory Loan 3.50% From September 21, 2018 and thereafter Equal to or less than the sum of $15,000,000 less the then outstanding principal balance of the Inventory Loan 3.00% From September 21, 2018 and thereafter Greater than the sum of $15,000,000 less the then outstanding principal balance of the Inventory Loan 2.75%
Examples of Calculated Rate in a sentence
If Lenders are prevented from charging or collecting interest at the applicable Calculated Rate, to the extent permitted by law, then the interest rate shall continue to be the Maximum Rate until such time as Lenders have charged and collected the full amount of interest that would be chargeable and collectable if interest at the applicable Calculated Rate had always been lawfully chargeable and collectible.
More Definitions of Calculated Rate
Calculated Rate. – means the rate of interest, equal to the sum of: (a) two hundred fifty basis points (2.50%) plus (b) the Benchmark then in effect.
Calculated Rate means, as of any date of determination, the applicable percentage referenced in the table below during the time period opposite each such percentage with respect to the portion of the outstanding unpaid principal balance of the Loan opposite each such percentage: From June 25, 2015 through and including December 31, 2015 Equal to or less than the sum of $29,000,000 less the then outstanding principal balance of the Inventory Loan 4.50% From June 25, 2015 through and including December 31, 2015 Greater than the sum of $29,000,000 less the then outstanding principal balance of the Inventory Loan 4.00% From January 1, 2016 through and including September 20, 2016 Equal to or less than the sum of $19,000,000 less the then outstanding principal balance of the Inventory Loan 4.50% From January 1, 2016 through and including September 20, 2016 Greater than the sum of $19,000,000 less the then outstanding principal balance of the Inventory Loan 4.00% From September 21, 2016 and thereafter Equal to or less than the sum of $10,000,000 less the then outstanding principal balance of the Inventory Loan 4.50% From September 21, 2016 and thereafter Greater than the sum of $10,000,000 less the then outstanding principal balance of the Inventory Loan 4.00% Notwithstanding the foregoing, in the event Lenders agree to extend the Revolving Credit Period Expiration Date as set forth in the definition of “Revolving Credit Period Expiration Date” hereunder, the “Calculated Rate” shall be equal to four percent (4.0%) per annum for the entire outstanding principal balance of the Loan from September 20, 2018 and thereafter.”
Calculated Rate means the total revenue raised statewide by the local education tax multiplied by 1000, and then divided by the total statewide equalized valuation.
Calculated Rate means, for any Interest Period, a rate equal to the sum of: (a) CMS10y10y for such Interest Period and
Calculated Rate shall have the meaning assigned to it in Section 2.2(a) hereof; provided, however, that from and after the date on which Agent, in consultation with Borrower, selects a Replacement Index and/or a Replacement Rate, the “Calculated Rate” shall be deemed to refer to the Replacement Rate.
Calculated Rate means 50% until the total Investor Share paid to Investor hereunder, equals 1.2x of the Investor Funds, then 25% thereafter until the Investor Share Termination Date, and then 0% following the Investor Share Termination Date; provided, however, the Calculated Rate shall be adjusted on a pro rata basis to the extent Issuer raises less than
Calculated Rate shall have the meaning assigned to it in Section 2.2(a) hereof; provided, however, that from and after the date on which Agent selects an Alternative Index and/or an Alternative Rate, the “Calculated Rate” shall be deemed to refer to the Alternative Rate.