Deferral Rate definition
Examples of Deferral Rate in a sentence
That if, because of any default hereunder, or because of the filing or contemplated filing of any legal proceedings affecting the Property, Beneficiary deems it necessary to obtain an additional evidence of title or to cure any defect in title, Beneficiary may procure such evidence or cure such defect, pay the cost thereof, and shall have an immediate claim against Trustor therefor, together with a lien upon the Property for the amount so paid, with interest at the Deferral Rate.
After deducting all costs, fees and expenses of Trustee, including cost of evidence of title in connec- tion with sale, Trustee shall apply the proceeds of sale to payment of: first, all sums expended by the Beneficiary under the terms hereof or under the Note, not then repaid, with accrued interest at the Deferral Rate; second, all other sums then secured hereby; and the remainder, if any, to the person or persons legally entitled thereto.
A Participant shall designate on his or her original Salary Deferral Agreement and any modifications thereto the percentage of his or her Salary Deferral Rate to be invested in each Investment Fund.
After deducting all costs, fees and expenses of Trustee, including cost of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to payment of: first, all sums expended by the Beneficiary under the terms hereof or under the Note, not then repaid, with accrued interest at the Deferral Rate; second, all other sums then secured hereby; and the remainder, if any, to the person or persons legally entitled thereto.
A Participant's reduction under Section 4.5(a)(1) of his or her Salary Deferral Rate to zero (0) shall constitute a written revocation of a Salary Deferral Agreement.