Facility Rate definition

Facility Rate means, at any time, the sum of (i) the weighted average Interest Rate on the Advances then outstanding hereunder (adjusted in a manner satisfactory to the Agent to reflect any Hedge Transactions then in effect), plus (ii) the rate per annum at which Program Fee accrues, plus (iii) the Collateral Account Bank Fees, Custodian Fees, Life Settlement Servicing Fees, Master Servicing Fees and Backup Servicer Fees that were payable during the most recently ended Monthly Period, each expressed as a percentage of the average daily aggregate Collateral Balance of the Eligible Assets during such Monthly Period and converted to an equivalent rate per annum.

Facility Rate if applicable, as set forth in the General Rates and Fees.

Facility Rate means the sum of: (x) the Prime Rate plus (y) 4.00% per annum.

Examples of Facility Rate in a sentence

• The Parking Facility Rate Adjustment is effective upon Board approval.

• In consideration of use of the Facilities, User shall pay MIT a fee according to the MIT.nano Facility Rate Chart, reflected on the MIT.nano website.

• The Direct Trunked Facility rate described in 12.2.2(B)(4)(a) and the Channel Mileage Facility Rate described in 12.2.3 will apply to the total number of miles determined using the following method.

• In fiscal year 2013, as part of the merger with OCPM, the University assumed the debt from a pooled financing program for State of Ohio Higher Educational Facility Rate Demand Revenue Bonds.

• The applicable percentage rate per annum (the "Facility Rate") used to calculate the Facility Fee shall be adjusted from time to time by the Agent as follows.

More Definitions of Facility Rate

Facility Rate means the sum of: (x) the LIBOR Rate plus (y) 6.50% per annum.

Facility Rate means, at any time, the sum of (i) the weighted average Interest Rate on the Advances then outstanding hereunder (adjusted in a manner reasonably satisfactory to the Agent to reflect any Hedge Transactions then in effect), plus (ii) the rate per annum at which Program Fee accrues, plus (iii) the rate per annum at which the Servicing Fee accrues, plus (iv) the Collection Account Bank Fees, Custodian Fees and Backup Servicer Fees that were payable during the most recently ended Monthly Period, each expressed as a percentage of the average daily Facility Amount during such Monthly Period and converted to an equivalent rate per annum; provided that, for purposes of determining the Minimum Portfolio Yield at any time, the Interest Rate on the Advances shall be deemed to be equal to the Adjusted LIBO Rate determined for an assumed one month Interest Period commencing on the last Business Day of the most recently ended Monthly Period.

Facility Rate means on any day a varying rate of interest per annum equal to the Base Rate, from time to time in effect, plus two percent (2.0 %), but in no event to exceed the Highest Lawful Rate.

Facility Rate means a varying rate of interest per annum equal to the Prime Rate, from time to time in effect, plus four percent (4%).

Facility Rate means the sum of: (x) the LIBOR Rate plus (y) 6.50% per annum; provided, on and after any time Borrower has not complied with clause (l) below or Section 12.12 herein, the Facility Rate shall increase to the sum of: (i) the LIBOR Rate plus (y) 7.25% per annum.

Facility Rate means on any day a varying rate of interest per annum equal to the Base Rate, from time to time in effect, plus seven percent (7.00%), but in no event to exceed the Highest Lawful Rate.

Facility Rate which shall read as follows: Quote