Finance Rate definition

Finance Rate means the vanilla weighted average cost of capital that is required to be used for setting Transpower’s price path for the current regulatory period under Part 4 of the Commerce Act 1986; Last Payment Date means the date the last instalment of the Charge is due, assuming it is invoiced during the month of the Commissioning Date; Total Cost has the meaning in paragraph 3.1; Transpower Default means a circumstance giving the Customer a right to terminate this Agreement under:

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Finance Rate means interest calculated at the following rates on the unpaid principal amount then outstanding of each Advance:

Finance Rate a rate per annum, expressed as a function of Prime Rate, if applicable, as provided in Schedule A.

Examples of Finance Rate in a sentence

• If any sum payable under this clause 11 is not paid on the due date of payment, interest shall accrue on such sum from and including the due date for payment to but excluding the date on which payment is made at the Westpac Business Finance Rate, compounded monthly.

• Seller shall pay such fee to Buyer on the first day of each month in an amount equal to (a) the quotient obtained by dividing the sum of the daily unpaid Advances outstanding on each day during the immediately preceding month by the actual number of days in such month (the “Average Daily Balance”), multiplied by (b) the quotient obtained by dividing the Finance Rate by 360, multiplied by (c) the actual number of days in the immediately preceding month.

• Buyer shall prepare and send to Seller after the close of business for each calendar month, an accounting of the transactions for that calendar month, including the amount of all Purchased Receivables, all Collections, Adjustments, Factoring Fees, and Finance Rate.

• Seller shall pay a Finance Fee to Buyer on the outstanding Advances under this Agreement at a floating rate per annum equal to the Prime Rate plus three and one quarter of one percent (Prime + three and one quarter of one percent (3.25%)) (the "Finance Rate"), which fee shall be payable and calculated as hereinafter set forth.

• Interest will continue to accrue at the Annual Finance Rate on all unpaid amounts owed to us under this contract and on the balance of this note not paid at maturity, including maturity by acceleration or default.

More Definitions of Finance Rate

Finance Rate means, for any Payment Period, (i) if the LIBOR Rate or the Eurodollar Rate is in effect under the Loan Agreement throughout such Payment Period, the LIBOR Rate or the Eurodollar Rate in effect on the first day of such Payment Period plus the sum per annum of (x) 96% of 0.50% plus (y) 4% of the Certificate margin specified in the Commitment Letter; (ii) if the Base Rate is in effect under the Loan Agreement throughout such Payment Period, the Base Rate in effect from time to time during such Payment Period; (iii) if neither the Base Rate nor the LIBOR Rate nor the Eurodollar Rate is exclusively in effect under Loan Agreement during such Payment Period, a blended rate derived from the outstanding principal amount of the Notes to which, the Base Rate and either the LIBOR Rate or the Eurodollar Rate, as the case may be, respectively, were applicable during such Payment Period, on the assumption that during such Payment Period all LIBOR Notes and Eurodollar Notes bore interest at the rate specified in clause (i) above; and (iv) under the circumstances and period specified in Section 3(d) of the Lease Agreement, the Finance Rate shall be the Late Payment Rate, instead of the rate specified in clauses (i) through (iii) above.

Finance Rate means interest at the rate of one per cent (1%) above the U.S. Dollar three (3) month London Interbank Offered Rate (LIBOR) appearing on the Reuters Screen LIBOR 01 Page as of 11:00 a.m., London time, and which shall be determined on the Effective Date and thereafter on the last day of each calendar year.

Finance Rate shall be a number determined by adding 350 basis points to the actual yield, on the date of Tenant's notice of exercise, from U.S. Treasury Notes or Bonds having a term equal to the term of the lease for the Building B Expansion Space, provided, however, that if the Finance Rate as determined above would yield a result of less than 10%, the Finance Rate shall be the lower of (i) 10% or, (ii) 400 basis points above the actual yield, on the date of Tenant's notice of exercise, from US Treasury Notes or Bonds having a term equal to the term of the lease for the Building B Expansion Space.

Finance Rate means, for any Payment Period, (i) if the LIBOR Rate or the Eurodollar Rate is in effect under the Loan Agreement throughout such Payment Period, the LIBOR Rate or the Eurodollar Rate in effect on the first day of such Payment Period plus 0.56930% per annum though December 31, 1999 and thereafter, 0.86144% per annum through March 31, 2001 and thereafter, 0.86208% per annum through June 30, 2001 and thereafter, 0.86275% per annum through September 30, 2001 and thereafter, 0.86342% per annum; (ii) if the Base Rate is in effect under the Loan Agreement throughout such Payment Period, the Base Rate in effect from time to time during such Payment Period; (iii) if neither the Base Rate nor the LIBOR Rate nor the Eurodollar Rate is exclusively in effect under Loan Agreement during such Payment Period, a blended rate derived from the outstanding principal amount of the Notes to which, the Base Rate and either the LIBOR Rate or the Eurodollar Rate, as the case may be, respectively, were applicable during such Payment Period, on the assumption that during such Payment Period all LIBOR Notes and Eurodollar Notes bore interest at the rate specified in clause (i) above; and (iv) under the circumstances and period specified in Section 3(d) of the Lease Agreement, the Finance Rate shall be the Late Payment Rate, instead of the rate specified in clauses (i) through (iii) above.

Finance Rate means, with respect to any Remittance Period, a per annum rate equal to the sum of: (zzz) the Hedge Average Rate

Finance Rate means the vanilla weighted average cost of capital that is required to be used for setting Transpower’s price path for the current regulatory period under Part 4 of the Commerce Act 1986; First Payment Date means the date the first instalment of the Charge is due, assuming it is invoiced during the month of the Charge Commencement Date; Last Payment Date means the date the last instalment of the Charge is due, assuming it is invoiced during the month of the Charge End Date; Net Total Cost has the meaning in paragraph 3.2; NPV means net present value; Tax Depreciation Benefit means the tax depreciation benefit of the Works calculated in accordance with paragraph 3.5; Tax Rate means the corporate tax rate for Transpower; Total Cost has the meaning in paragraph 3.1; and

Finance Rate means the rate of the Finance Agreement;