Escrow Rate definition

Escrow Rate shall have the same meaning as Health and Safety Code section 104557(a)(2).
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Escrow Rate means the average rate of investment return during the applicable period on the investment of the Escrow Funds by the Escrow Agent under the Escrow Agreement.
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Escrow Rate means the blended interest rate on the escrow accounts in which compensation earned under the Investment Company Advisory Agreements with respect to the Funds is held pursuant to Rule 15a-4 under the Investment Company Act.
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Examples of Escrow Rate in a sentence

  • As revised, the Department will no longer require the NPM to provide Independent Auditor data or sales invoices to process an Escrow Rate adjustment request.

  • Alternately, the NPMs may make an Escrow Rate adjustment request, whereby the NPM requests the Department review whether the Escrow Rate used during a specific sales year complied with Health and Safety Code section 104557(b)(2).

  • The Escrow Rate established and set by Health and Safety Code section 104557 includes an annual inflation adjustment; therefore, each calendar year has a different Escrow Rate.

  • NPMs may make a Units Sold adjustment request, which requires identification and counting of actual Cigarettes sold in California; not the Escrow Rate.

  • Instead, the revised regulation requires a clear explanation of the NPM’s contentions regarding the Escrow Rate used by the Department in support of its claim that it is authorized to seek a release under the Escrow Statute.

  • Revised subdivision (a) As explained above, current section 999.14 does not distinguish between Escrow Rate adjustment requests and Units Sold adjustment requests.

  • An Escrow Rate adjustment request turns on the Escrow Rate required by Health and Safety Code section 104557.

  • Thus, revised subdivision (c) consolidates the requirements for an Escrow Rate adjustment into subdivision (c); the requirements for a Units Sold adjustment request were moved to new subdivision (d) to improve clarity and reference; and the previously unused and now unnecessary request to gather Independent Auditor data from NPMs was removed.

  • Currently, the text of section 999.14 requires NPMs making an Escrow Rate adjustment request to itemize their sales within the State and provide the Department with the data used by the Independent Auditor under the MSA.

  • Currently, section 999.14 does not clarify the differences between Units Sold adjustment requests and Escrow Rate adjustment requests.


More Definitions of Escrow Rate

Escrow Rate shall be defined as set forth in Section 4.5(a).
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Escrow Rate means the rate determined by the escrow agent (or the party paying such interest) based on the offered quotation for the rate of interest on three-month deposits of United States dollars in the London interbank market, as published by Telerate Systems, Inc. (currently on page 3750 of the financial information reporting services published electronically by Telerate Systems, Inc.) at approximately 11:00 a.m. (London Time) on the date of the initial deposit of funds in an escrow account (or the date when the obligation to pay interest commences hereunder), plus 2%
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Escrow Rate has the meaning set forth in Section 2.2(e)(i).
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Related to Escrow Rate

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Escrow Release Date has the meaning set forth in Section 9.6.

  • Adjustment Escrow Amount means $1,000,000.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Cap Rate For each Calculation Period, as set forth for such period on Schedule I attached hereto. Floating Rate for initial Calculation Period: To be determined Floating Rate Day Count Fraction: Actual/360 Floating Rate Option: USD-LIBOR-BBA, provided, however, if the Floating Rate Option for a Calculation Period is greater than 10.00% then the Floating Rate Option for such Calculation Period shall be deemed equal to 10.00%.

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • Flow rate means the rate at which water flows through pipes, valves and emission devices, measured in gallons per minute, gallons per hour, or cubic feet per second.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Escrow End Date has the meaning specified in the Escrow Agreement.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Escrow Receipt Means the receipt substantially in the form annexed to the Escrow Agreement representing a fractional undivided interest in the funds held in escrow thereunder.

  • Peak flow rate means the maximum instantaneous flow from a given storm condition at a particular location.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Settlement Interest Rate means, for the first calendar quarter or portion thereof during which interest accrues, the rate determined by the Receiver to be equal to the equivalent coupon issue yield on twenty-six (26)-week United States Treasury Bills in effect as of Bank Closing as published in The Wall Street Journal; provided, that if no such equivalent coupon issue yield is available as of Bank Closing, the equivalent coupon issue yield for such Treasury Bills most recently published in The Wall Street Journal prior to Bank Closing shall be used. Thereafter, the rate shall be adjusted to the rate determined by the Receiver to be equal to the equivalent coupon issue yield on such Treasury Bills in effect as of the first day of each succeeding calendar quarter during which interest accrues as published in The Wall Street Journal.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.