Examples of Defined Rate in a sentence
Nationwide will not change the Defined Rate for contracts once issued.
As discussed and included in the disclosure, Nationwide will not change the Defined Rate for contracts once issued, and Nationwide understands any future change in the Defined Rate for new contracts may be made by 497 supplement.
The Defined Rate is stated in the contract provided when the Nationwide Lifetime Income Capture option was elected.
The Roll-up Interest Rate will not be less than 4.00% or greater than 10.00%.For example, if the Defined Rate is 3.00% and the Variable Rate is 2.83%, the Roll-up Interest Rate is 5.75% (3.00% + 2.83% = 5.83%, rounded up or down to the nearest 0.25%, results in 5.75%).
The Roll-up Interest Rate is determined by the following formula:Roll-up Interest Rate = Defined Rate + Variable Rate The Roll-up Interest Rate is calculated by adding the Defined Rate, an amount determined by Nationwide, and the Variable Rate, the rate of return (the nominal interest rate) of the specified index.
As used herein, the "Defined Rate" shall mean a rate per annum equal to (i) the highest rate then paid by the Corporation for indebtedness for borrowed money, plus one hundred (100) basis points, or (ii) if the Corporation has no indebtedness for borrowed money then outstanding, then ten percent (10%), but in no event more than the maximum amount permissible by law.
The note shall bear interest, compounded quarterly, through the date of payment, at the Defined Rate (as defined below) on the Initial Redemption Date (as defined below), such rate to be computed on the basis of a 360-day year.
The note shall bear interest, compounded quarterly, through the date of payment, at the Defined Rate (as defined herein) on the Initial Redemption Date (as defined below), such rate to be computed on the basis of a 360-day year.
Similarly, the major oxidation species of hydrocarbons, typically alkenes, at night is the nitrate radical (NO3)[2].
Control in A1: OD value lower than 0.200Cut-off Control in B1/C1: OD value between 0.350 - 0.850 Pos.