First Rate definition

First Rate shall have the meaning set forth in Section 3.1(e) hereof.
Sample 1Sample 2Sample 3
First Rate shall have the meaning assigned such term in Section 3.02(b)(i).
Sample 1Sample 2
First Rate means the contribution effective in relation to a person from the first day of a contribution year until the day before the day on which the second rate becomes effective in relation to the person;
Sample 1Sample 2

Examples of First Rate in a sentence

  • Landlord hereby leases the Premises located at on , for a total of $ for the full term of this Agreement, payable in monthly installments of Dollars ($ ) per month, payable in advance and without demand at the following address: First Rate Property Management, Inc., 0000 X Xxxx Xx, Boise, ID 83704 Phone: (000)000-0000 Payment of rent is due on or before the first day of each month to the Landlord.

  • The Tenant shall be obligated to maintain liability coverage protection during the term of the lease and any subsequent renewal periods and shall list First Rate Property Management as an additional interested party on Tenant’s policy.

  • Tenant understands First Rate Property Management, Inc (FRPM), is the acting agent of the Landlord.

  • Tenant acknowledges the Administrative Fee is specifically charged for professional services rendered by First Rate Property Management, and is non-refundable and will not be used to offset any rents, fees, or expenses.

  • Interest shall accrue at the Fixed Rate until the First Rate Change Date.

  • The Adjustable Rate shall be in effect beginning on the First Rate Change Date.

  • The Card remains the property of First Rate Exchange Services Ltd.

  • The Notes shall bear distributions on the Current Principal Amount (as defined below) at the rate of [insert First Rate of Distributions] per cent.

  • For purposes of disclosure under the Interest Act (Canada), where interest is calculated pursuant hereto at a rate based upon a 360 day year (the “U.S. First Rate”), it is hereby agreed that the rate or percentage of interest on a yearly basis is equivalent to such U.S. First Rate multiplied by the actual number of days in the year divided by 360.

  • Note Slab edge insulation cannot be modelled in First Rate software.


More Definitions of First Rate

First Rate means an annual interest rate equal to six percent (6%).
Sample 1Sample 2
First Rate shall have the meaning assigned to such term in Section 2.05(c) hereof.
Sample 1
First Rate means First Rate Exchange Services Limited which is a Post Office/Bank of Ireland joint venture company.
Sample 1
First Rate if the Average Daily Balance for any calendar month is Ten Million Dollars ($10,000,000.00) or less, interest for such month will be at a rate that is the lesser of (i) one percentage point (1.00%) per annum HIGHER than the daily Prime Rate in effect from time to time and (ii) the highest rate from time to time permitted by applicable law (and amounts received from Borrower in excess of such highest rate from time to time permitted by applicable law will be considered reductions to principal to the extent of such excess); (ii) SECOND RATE: if the Average Daily Balance for any calendar month is between Ten Million Dollars and One Cent ($10,000,000.01) and Twenty-Five Million Dollars ($25,000,000.00), interest for such month will be at a rate that is the lesser of (i) the Prime Rate in effect from time to
Sample 1

Related to First Rate

  • GST Rate means the percentage amount of GST payable determined under section 9-70 of the Act as amended from time to time;

  • Rate means the Adjusted LIBO Rate and the Alternate Base Rate.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Initial Rate means each rate of interest to be paid in an Initial Period as set forth in the Certificate.

  • Net Rate With respect to each Mortgage Loan, the Mortgage Interest Rate in effect from time to time less the Aggregate Expense Rate (expressed as a per annum rate).

  • Base Interest Rate means a rate of interest based on the LIBOR-Rate. "Base Interest Rate Loan" means amounts outstanding under this note that bear interest at a Base Interest Rate. "Base Rate Maturity Date" means the last day of the Interest Period with respect to principal outstanding under a Base Interest Rate Loan. "Business Day" means a day on which Bank is open for business for the funding of corporate loans, and, with respect to the rate of interest based on the LIBOR Rate, on which dealings in U.S. dollar deposits outside of the United States may be carried on by Bank. "Interest Period" means with respect to funds bearing interest at a rate based on the LIBOR Rate, any calendar period of one, three, six, nine or twelve months. In determining an Interest Period, a month means a period that starts on one Business Day in a month and ends on and includes the day preceding the numerically corresponding day in the next month. For any month in which there is no such numerically corresponding day, then as to that month, such day shall be deemed to be the last calendar day of such month. Any Interest Period which would otherwise an on a non-Business Day shall end on the next succeeding Business Day unless that is the first day of a month, in which event such Interest Period shall end on the next preceding Business Day. "LIBOR Rate" means a per annum rate of interest (rounded upward, if necessary, to the nearest 1/100 of 1%) at which dollar deposits, in immediately available funds and in lawful money of the United Sates would be offered to Bank, outside of the United Sates, for a term coinciding with the Interest Period selected by Debtor and for an amount equal to the amount of principal covered by Debtors' interest rate selection, plus Bank's costs, including the costs, if any, of reserve requirements. "Origination Date" means the first day of the Interest Period. "Reference Rate" means the rate announced by Bank from time to time at its corporate headquarters as its Reference Rate. The Reference Rate is an index rate determined by Bank from time to time as a means of pricing certain extensions of credit and is neither directly tied to any external rate of interest or index nor necessarily the lowest rate of interest or index nor necessarily the lowest rate of interest charged by Bank at any given time.

  • 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.

  • Current Rate means the applicable basic minimum wage rate for Local Workers by reason of any National or State Statute or Ordinance, prevailing on any date subsequent to the date 28 days prior to the latest date set for submission of Tenders.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Maximum Net Mortgage Rate With respect to any adjustable rate Mortgage Loan and any date of determination, the Maximum Mortgage Rate minus the sum of (i) the Subservicing Fee Rate and (ii) the Servicing Fee Rate. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • Payment Rate means the rate of compensation at which the Insured is indemnified, as determined by AFSC.

  • Replacement Rate has the meaning assigned thereto in Section 4.2.(b).

  • Reset Rate has the meaning specified in Section 2(d).

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

  • Capped Interest Rate is defined in the Note, if applicable.

  • Successor Rate means a successor to or replacement of the Original Reference Rate which is formally recommended by any Relevant Nominating Body.

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Floating Interest Rate means: (a) initially Three-Month Term SOFR (as defined below). (b) Notwithstanding the foregoing clause (i) of this Section 2(b): (i) If the Calculation Agent, determines prior to the relevant Floating Interest Determination Date that a Benchmark Transition Event and its related Benchmark Replacement Date (each of such terms as defined below) have occurred with respect to Three-Month Term SOFR, then the Company shall promptly provide notice of such determination to the Holders and Section 2(c) (Effect of Benchmark Transition Event) will thereafter apply to all determinations, calculations and quotations made or obtained for the purposes of calculating the Floating Interest Rate payable on the Subordinated Notes during a relevant Floating Interest Period. (ii) However, if the Calculation Agent, determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR, but for any reason the Benchmark Replacement has not been determined as of the relevant Floating Interest Determination Date, the Floating Interest Rate for the applicable Floating Interest Period will be equal to the Floating Interest Rate on the last Floating Interest Determination Date for the Subordinated Notes, as determined by the Calculation Agent (as defined below). (iii) If the then-current Benchmark is Three-Month Term SOFR and any of the foregoing provisions concerning the calculation of the interest rate and the payment of interest during the Floating Interest Period are inconsistent with any of the Three-Month Term SOFR Conventions determined by the Company, then the relevant Three-Month Term SOFR Conventions will apply.

  • Reference Rate means the rate specified as such hereon.

  • Discount Net Mortgage Rate As defined in the Series Supplement.

  • Market Rate means the rate as prevailing in the market and recommended by the Architect and as approved by the Employer on the basis of cost of materials, labour, plant etc inclusive of any tax, duty, octroi etc. at the time of execution of work.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen

  • 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%.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.