Implicit Interest Rate definition

Implicit Interest Rate means with respect to any Receivable related to a Lease, the rate set forth with respect to such Receivable on the Schedule of Receivables.
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Implicit Interest Rate means the discount interest rate in a lease which when applied to the minimum lease payments, excluding that portion of the payments representing executory costs to be paid by the lessor, together with any profit thereon, and the unguaranteed residual value accruing to the benefit of the lessor, causes the aggregate present value at the beginning of the lease term to be equal to the fair value of the leased property to the lessor at the inception of the lease, minus any investment tax credit retained by the lessor and expected to be realized by him. This definition does not necessarily purport to include all factors that a lessor might recognize in determining his rate of return.
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Implicit Interest Rate for each Unit is a nominal rate per annum equal to 2.50 percentage points (the "Spread") in excess of the Index Rate, compounded monthly and computed on the basis of a year of 360 days and 12 30-day months, which may result in more rent than if a 365-day year were used. "Index Rate" with respect to each Unit means the bond-equivalent yield per annum for U.S. Treasury obligations with an average life of 1.562 years, as in effect on the Unit's Funding Date. For reference, the Index Rate as of October 2, 1996 was 5.778% per annum.
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Examples of Implicit Interest Rate in a sentence

  • For the purposes of the formula component Implicit interest rate in subsection 159GQB(1), the rate of interest for a variable return security must be worked out in accordance with subsection (2) separately for each year of income during the taxpayer’s maximum term.

  • Implicit interest rate(2) In the formula in subsection (1), Implicit interest rate means the rate of interest worked out under section 159GQC (for a fixed return security) or 159GQD (for a variable return security), properly adjusted to take account of the case where the accrual period is less than 6 months.

  • PDA Europe reserves the right to deny access to the event to any participant unable to provide a payment confirmation proving that all accounts payable have been settled in full.

  • Table of sections Operative provisions42A-115 General definitions 42A-120 Luxury car42A-125 Consecutive short-term hiring agreements 42A-130 Finance charge42A-135 Lease payment periods42A-140 Accrual periods and accrual amounts 42A-145 Outstanding notional loan principal 42A-150 Implicit interest rate Operative provisions 42A-115 General definitionsIn this Division, unless the contrary intention appears: accrual amount has the meaning given by section 42A-140.

  • The University’s vision is built on the basis of enrolling applicants with attainment and potential, who would benefit from higher education.

  • Stock-flow adjustment-15,510,818,213,39,9of which:- Differences between cash and accruals0,00,00,00,00,0- Net accumulation of financial assets-15,510,818,213,39,9- privatisation proceeds0,0-0,8-0,80,0-0,5- Valuation effects and other-15,511,619,013,310,4p.m.: Implicit interest rate on debt1,51,31,41,41,4Other relevant variables6.

  • The underlying hypotheses concerning expected duration, rate-fixing period and tariff evolution are subject to constant monitoring and, if necessary, they are adjusted by the ALCo. Implicit interest rate options like prepayment risk are integrated through behavioural models.

  • FOG being generated in Ireland cannot alone be digested, because it will lead to process instability through LCFA inhibition, too wet for efficient composting and so unsuitable for the landfill as reported (Davidsson et al., 2008; Luostarinen et al., 2009).

  • The identified factors for this finding were: • Late entry of students in the early grades and high repetition rates;• Bottom income families could not afford the relative high direct and indirect costs for primary and junior secondary schools;• Poor families had uncertainty about the benefits of junior secondary education in the labor market.

  • Most if not all body art facilities with registered practitioners have been inspected within the last 12 months (as of the date of the Report).


More Definitions of Implicit Interest Rate

Implicit Interest Rate means a nominal rate per annum equal to 425 basis points in excess of the Index Rate (as defined below) in effect on each Adjustment Date.
Sample 1
Implicit Interest Rate means that interest rate which, if used as a discount rate, would cause the present value as of the Closing Date of all Basic Rent payable up to the Basic Term Expiration Date with respect to the Equipment to equal the aggregate Lessor's Cost of such Equipment.
Sample 1
Implicit Interest Rate means the rate of return anticipated by us to be earned by us on our investment in this transaction when the Rental Agreement was entered into (noting such rate may not be specific to your circumstances but may be the rate used by us generally for products of this or a related type);
Sample 1

Related to Implicit Interest Rate

  • 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.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its “prime rate.” If a Citibank, N.A. prime rate is not available, the applicable prime rate will be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid.

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

  • 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.

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

  • 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.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Component Interest Rate Not applicable.

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • LIBOR Interest Rate means the rate per year (rounded upward to the next one-sixteenth (1/16th) of one percent (0.0625%), if necessary) determined by CNB to be the quotient of (a) the LIBOR Base Rate divided by (b) one minus the Eurocurrency Reserve Requirement for the Interest Period; which is expressed by the following formula: LIBOR Base Rate

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

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

  • Late Payment Rate As defined in the Insurance Agreement.

  • Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

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

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • 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).