IRS Interest Rate definition

IRS Interest Rate means the rate of interest imposed from time to time on underpayments of income tax pursuant to Code section 6621(a)(2).

IRS Interest Rate means, with respect to determining the amount of a benefit with an Annuity Starting Date:

IRS Interest Rate means the rate of interest imposed from time to time on underpayments of income tax pursuant to Code Section 6621(a)(2).

Examples of IRS Interest Rate in a sentence

• However, all such investments shall be made with the prior approval of the Board of AMC and Trustees.• The Scheme shall not invest in unlisted debt instruments including commercial papers (CPs), other than (a) government securities, (b) other money market instruments and (c) derivative products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc.

• However, all such investments shall be made with the prior approval of the Board of AMC and Trustees. The Scheme shall not invest in unlisted debt instruments including commercial papers (CPs), other than (a) government securities, (b) other money market instruments and (c) derivative products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc.

• If an Indemnifying Party delays making payment beyond the due date hereunder, such party shall pay interest on the amount unpaid at the IRS Interest Rate for each day and the actual number of days for which any amount due hereunder is unpaid.

• Provided further that investment within such limit can be made in mortgaged backed securitised debt which are rated not below investment grade by a credit rating agency registered with SEBI.• Investment in unrated debt and money market instruments (other than government securities, treasury bills, derivative products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc.) by the Scheme shall not exceed 5% of the net assets of the Scheme.

• The following investment limitations and other restrictions, inter alia, as contained in the Trust Deed and the Regulations apply to the Scheme: • Investment in unrated debt and money market instruments, other than government securities, treasury bills, derivative products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc.

More Definitions of IRS Interest Rate

IRS Interest Rate means the annual rate of interest on 30-year Treasury Securities as specified by the Commissioner for the November (the look-back month) preceding the Stability Period.

IRS Interest Rate means the applicable interest rate described in Code Section 417(e) after its amendment by PPA. Specifically, the applicable interest rate shall be the adjusted first, second, and third segment rates applied under the rules similar to the rules of Code Section 430(h)(2)(C) for second full calendar month (known as the lookback month) preceding the Stability Period. For this purpose, the first, second, and third segment rates are the first, second, and third segment rates which would be determined under Code Section 430(h)(2)(C) if:

IRS Interest Rate means the rate of interest imposed from time to time on underpayments of income tax pursuant to Code section 6621(a)(2). NON-PRIMARY PARTY is defined at Section 4.3(a) hereof. OFFERING has the meaning set forth in paragraph A of the Background section hereof. PARTY means, on the one hand, Crown and any member of the Crown Group and, on the other hand, Constar and any member of the Constar Group, as the case may be. PERSON means any corporation, business trust, joint venture, association, company, partnership or limited liability company. PRIMARY PARTY is defined at Section 4.3(a) hereof. STRADDLE PERIOD is defined at Section 3.2(a) hereof. STRADDLE PERIOD RETURN is defined at Section 3.2(a) hereof.

IRS Interest Rate means the annual rate of interest on 30-year Treasury Securities as published by the Commissioner in the calendar month preceding the applicable Stability Period.

IRS Interest Rate means the annual rate of interest on 30-year Treasury Securities as specified by the Commissioner of Internal Revenue for the second full calendar month preceding the applicable Stability Period. Such second full calendar month preceding the applicable Stability Period shall be deemed the “Lookback Month.” Effective January 1, 2001, for purposes of determining the interest credits that will be allocated to a Participant’s Cash Balance Account, the IRS Interest Rate means the annual rate of interest on 30-year Treasury Securities as specified by the Commissioner of Internal Revenue for the second full calendar month immediately preceding the calendar quarter in which the Interest Rate is credited.The IRS Interest Rate is used for several purposes. The Retirement Plan defines the IRS Interest Rate differently depending upon the way in which the IRS Interest Rate is used.

IRS Interest Rate means the annual rate of interest on 30-year Treasury Securities published by the Commissioner of Internal Revenue in the first full calendar month preceding the calendar quarter in which payment under the Plan is scheduled to begin.

IRS Interest Rate means, with respect to determining the amount of a benefit with an Annuity Starting Date: (a)prior to January 1, 2005, the annual rate of interest on 30-Year Treasury Securities published by the Commissioner in the calendar month preceding the Stability Period, (b) on or after January 1, 2005, and prior to January 1, 2008, the annual rate of interest on 30-Year Treasury Securities published by the Commissioner in the fourth calendar month preceding the Stability Period, and (c) on or after January 1, 2008, for purposes of Sections 4.01(c)(i), 4.01(c)(ii)(2) 4.07(b)(v), 4.08(a)(iii), 4.08(b)(iii), 4.09 and 4.11(b) the interest rate prescribed under Section 417(e)(3)(C) of the Code (as it reads effective on or after January 1, 2008) published by the Commissioner of Internal Revenue in the fourth calendar month immediately preceding the applicable Stability Period, subject to the provisions of the last paragraph of Section 4.01(c)(i), Appendix E and Appendix F.