Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the "base rate on corporate loans posted by at least 75% of the nation's 30 largest banks" (or, if The Wall Street Journal ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled "Selected Interest Rates" as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.
Index Rate means, for each class of business as to a rating period for small employers with similar case characteristics, the arithmetic average of the applicable base premium rate and the corresponding highest premium rate.
Index Rate means, for any Interest Adjustment Period, the Reference Billâ Index Rate for such Interest Adjustment Period.
Examples of Index Rate in a sentence
Each Swing Line Loan shall bear interest only at a rate based on the U.S. Prime Rate, the Canadian Prime Rate or the US Index Rate, as applicable.
Except as provided in Sections 2.03(c) and 2.04(c), each Committed Borrowing of or conversion to Canadian Prime Rate Loan, US Index Rate Loans, or Domestic Prime Rate Loans, as applicable, shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or the Equivalent Amount thereof).
Any amount which is added to the principal balance of the applicable Loan Account as provided in this Section 2.02(c) shall be deemed to be a Domestic Prime Rate Loan, US Index Rate Loan or a Canadian Prime Rate Loan, as applicable.
All Swing Line Loans made to the Canadian Borrower shall be made only in CD$ or Dollars and shall be only Canadian Prime Rate Loans or US Index Rate Loans, as applicable.
More Definitions of Index Rate
Index Rate means, for any Interest Adjustment Period, the LIBOR Index Rate for such Interest Adjustment Period.
Index Rate. The index will serve only as a device for setting the rate on this note. You do not guarantee by selecting this index, or the margin, that the rate on this note will be the same rate you charge on any other loans or class of loans to me or other borrowers.
Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the “prime rate” (or, if The Wall Street Journal ceases quoting a prime rate, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled “Selected Interest Rates” as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.
Index Rate means the rate of annual percentage increase,
Index Rate means the rate of interest on the 2024 Series A Variable Rate Bonds described in Section 401 of Appendix A hereto.
Index Rate. [The Index Rate is the U.S. Treasury Constant Maturity Series as reported in Federal Reserve Bulletin Release H.15. We currently base the Index Rate for a calendar week on the reported rate for the preceding calendar week. We reserve the right to set it less frequently but in no event less often than monthly.] TRANSFERS AMONG ACCOUNTS The minimum amount that can be transferred is [$100]. However, if less remains in a Sub-Account, that amount may be transferred. If a transfer request would reduce the Account Value remaining in a Sub-Account below [$100], we will treat the transfer request as a request to transfer the entire amount. We reserve the right to limit, upon notice, the maximum number of transfers you may make to [one] per calendar month or [12] per Contract Year. After the Income Date, we reserve the right to:
Index Rate means the rate of interest set forth in The Bond Buyer Revenue Bond Index (or, in the event that The Bond Buyer does not compile such index or ceases publication, another comparable publication recognized in the municipal bond market) published for the week immediately preceding the date of determination.