Implicit Rate definition

Implicit Rate means the interest rate used by us in calculating the Rent Instalments.

Implicit Rate has, with respect to any Warehouse Facility, the meaning specified in the related Receivables Financing Agreement.

Implicit Rate means, with respect to a Schedule, an implicit interest rate used in calculating the Rent Factor applicable to such Schedule, calculated as set forth in Section 3(b) of this Lease.

Examples of Implicit Rate in a sentence

• That default interest will then itself bear interest at the Implicit Rate or, where payment of the default interest in overdue, at the default rate described in this clause.

• That default rate will be the Implicit Rate plus 2% per annum, or any other rate specified by the Lender as being equivalent.

• We may at any time by giving you not less than one month's notice in writing increase or decrease the Rent Instalment under this Agreement to reflect changes in the Implicit Rate.

• For the purpose of calculating the amount of any increase in such payments the Implicit Rate will not exceed the implicit rate charged by us for new transactions for similar purposes.

• With the exception of clause 11.3 (Implicit Rate) this agreement may be modified or varied by us where the Lessee has requested a change to the equipment, term, or date of instalment in writing.

More Definitions of Implicit Rate

Implicit 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);

Implicit Rate means the rate of return anticipated by us to be earned by us on our investment in this transaction when this 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).;

Implicit Rate means the implicit interest charged from time to time used to calculate the Rent Instalments and will not exceed the implicit rate charged by us for new transactions for similar purposes. We may at any time by giving you not less than one month's notice in writing increase or decrease the Implicit Rate. The Implicit Rate at the commencement date of this lease is 15.95%.

Implicit Rate means the interest rate used by us in calculating the Instalments. Instalment means an instalment as set out in the Schedule. Insurance means any insurance cover required to be entered into by you under clause 11.1 Interim Period means, in the event that the Commencement Date is not the first day of the period to which the first Instalment relates, the period between those two days.

Implicit Rate means 2.423% per annum.

Implicit Rate means the weighted average of the Lessor Rate and the rate at which interest on the Lenders' Loans is capitalized, each as in effect on the date of calculation based on the outstanding Funded Amounts.

Implicit Rate means 1.617% per annum.