Margin Rate Factor means the greater of (i) 1.0 and (ii) the product of (A) one minus the Maximum Federal Corporate Tax Rate multiplied by (B) 1.53846. The effective date of any change in the Margin Rate Factor shall be the effective date of the decrease or increase (as applicable) in the Maximum Federal Corporate Tax Rate resulting in such change.
Margin Rate Factor means the greater of (i) 1.0 and (ii) the product of (a) one minus the Maximum Federal Corporate Tax Rate multiplied by (b) 1.53846. The effective date of any change in the Margin Rate Factor shall be the effective date of the decrease or increase (as applicable) in the Maximum Federal Corporate Tax Rate resulting in such change.
Margin Rate Factor means the fraction the numerator of which is equal to one (1) minus the Maximum Federal Corporate Tax Rate on the date of calculation and the denominator of which is 0.65. The Margin Rate Factor shall be 0.65/0.65 or 1.0 so long as the Maximum Federal Corporate Tax Rate shall be 35%, and thereafter shall increase from time to time effective as of the effective date of any decrease in the Maximum Federal Corporate Tax Rate.
Examples of Margin Rate Factor in a sentence
Starting January 1, 2018, the Index Floaters were subject to the Margin Rate Factor.
Effective August 1, 2018, the annual interest rate was amended and is calculated as 81.4% of the sum the LIBOR Rate plus 1.60% multiplied by the bank’s Margin Rate Factor and is adjusted monthly.
The annual interest rate is calculated as 77% of the sum of the LIBOR Rate plus 1.60% multiplied by the bank’s Margin Rate Factor and is adjusted monthly.
The Margin Rate Factor increases the total interest rate cost of the index floaters due to the reduction of the corporate tax rate to 21 percent.
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More Definitions of Margin Rate Factor
Margin Rate Factor means the product of (a) one minus the Maximum Federal Corporate Tax Rate multiplied by (b) 1.53846. The Margin Rate Factor shall be 1.0 so long as the Maximum Federal Corporate Tax Rate shall be 35% and thereafter shall increase from time to time effective as of the effective date of any decrease in the Maximum Federal Corporate Tax Rate.
Margin Rate Factor means the greater of (i) 1.00 and (ii) the product of one (1) minus the Maximum Federal Corporate Tax Rate on the date of calculation multiplied by 1.53846. The Margin Rate Factor shall increase or decrease from time to time effective as of the effective date of any decrease or increase in the Maximum Federal Corporate Tax Rate but in no event shall the Margin Rate Factor be less than 1.00; provided, however, should the Marginal Corporate Tax Rate increase, the Borrower, on behalf of the Issuer, must notify the Noteholder in writing of any errors to such adjusted rate and the Noteholder shall only be responsible to correct such rate for no more than 30 days prior to notification of the Noteholder.
Margin Rate Factor shall have the meaning assigned to that term in the Indenture. As of the Closing Date, the Margin Rate Factor is one (1).
Margin Rate Factor as of any date means the greater of one (1) or the product of (i) one (1) minus the Maximum Corporate Tax Rate then in effect multiplied by (ii) 1.53846. The effective date of any change in the Margin Rate Factor shall be the effective date of the increase or decrease (as applicable) in the Maximum Corporate Tax Rate that resulted in such change. As of the first day of the Initial LIBOR Term Indexed Mode, the Margin Rate Factor is one (1). “Maximum Corporate Tax Rate” means the highest combined marginal statutory rate of federal income tax imposed on domestic corporations in the U.S.
Margin Rate Factor means the greater of (i) 1.0 and (ii) the product of (a) one minus the prevailing Maximum Federal Corporate Tax Rate multiplied by (b) the quotient
Margin Rate Factor means the greater of a fraction, the numerator of which is equal to 1.00 minus the Maximum Federal Corporate Tax Rate on the date of calculation and the denominator of which is 0.79. The Margin Rate Factor shall be 0.79/0.79 or 1.00 so long as the Maximum Federal Corporate Tax Rate shall be 21%, and thereafter shall increase (or decrease) from time to time effective as of the effective date of any decrease (or increase) in the Maximum Federal Corporate Tax Rate; provided, however, should the Marginal Corporate Tax Rate
Margin Rate Factor means, as of any particular date with respect to Bonds in a Lender Bond Period, a fraction, the numerator of which is equal to one minus the Maximum Federal Corporate Tax Rate on such date and the denominator of which is 0.79; provided, however, that the Margin Rate Factor shall be 1.0 so long as the Maximum Federal Corporate Tax Rate is 21%, and thereafter shall increase or decrease, as the case may be, from time to time effective as of the effective date of any increase or decrease, as the case may be in the Maximum Federal Corporate Tax Rate; provided further, that in the event of any increase or decrease, as the case may be, in the Maximum Federal Corporate Tax Rate, the Margin Rate Factor shall decrease or increase, as the case may be, from time to time effective as of the effective date of any such increase or decrease, as the case may be, in the Maximum Federal Corporate Tax Rate determined in accordance with the foregoing calculation.