Examples of Deferred Rate in a sentence
No interest will be charged on outstanding balances for a Covid-19 Assisted Deferred Rate Account, however if the repayment agreement is not upheld, Council has the right to review this and add interest at its discretion.
Despite such deferral, quarterly Distributions will continue to accumulate with interest thereon (to the extent permitted by applicable law, but not at a rate exceeding the rate of interest then accruing on the Debentures) at the Deferred Rate compounded quarterly during any such Extension Period.
For purposes of this Section 2.03.2.11, "Remarketing Agent Recovery Amount" shall mean, with respect to any Remarketing Agent Notes, an amount equal to the Daily Deferred Rate, as hereinafter defined, multiplied by the daily principal balance of such Remarketing Agent Notes for the actual number of days such Auction Rate Notes constitute Remarketing Agent Notes.
Defferred Debits (Acct 186) Deferred Rate Case (Acct 186.1) agrees with Sched: Amort.
For purposes of this Section 2.03.2.11, "Daily Deferred Rate" shall mean an amount equal to the excess, if any, of (x) the rate published as the "Broker Call" in THE WALL STREET JOURNAL on each day the Remarketing Agent is the owner of such Remarketing Agent Notes over (y) the new Series Interest Rate in effect for such Auction Rate Notes from and after the Auction Period Conversion Date.