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.
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 this particular instance, the following WARNING would be triggered: ADQS201: DEAL RATE [DEAL RATE value] is lower than ECB Deposit Facility Rate [ECB Deposit Facility Rate value] – 5.0 percentage points which would allow us to monitor this case.
The policy should specify that for an IV-E eligible child, the federal share will include, but not exceed, the FFP of the Facility Rate.
More Definitions of Facility Rate
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 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 two percent (2.0 %), but in no event to exceed the Highest Lawful Rate.
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 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, at any time, the applicable rate (expressed in basis points) set forth in the table below based on the Parent's then Senior Debt Rating: Senior Debt Rating ------------------ Xxxxx'x S&P Percentage Rate ------- --- --------------- A2 or higher A or higher 8.0 A3 X- 00.0 Xxx0 BBB+ 12.5 Baa2 BBB 15.0 Baa3 BBB- 17.5 Below Baa3 Below BBB- 25.0 ; provided that, for purposes of determining such percentage rate, if Xxxxx'x and S&P have split Senior Debt Ratings with a difference of only one rating tier, the higher Senior Debt Rating shall be determinative and the lower Senior Debt Rating shall be disregarded; and provided, further, if Xxxxx'x and S&P have split Senior Debt Ratings with a difference of more than one rating tier, one rating tier below the higher Senior Debt Rating will be determinative and both Senior Debt Ratings will be disregarded.