Maximum Allowable Rate definition

Maximum Allowable Rate means the highest amount which a licensed or certified provider may charge a patient for a given service in accordance with the appropriate rate schedule.
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Maximum Allowable Rate means the statewide average per diem cost for services as derived in accordance with OAR 309- 015-0020 and 309-015-0021.
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Maximum Allowable Rate means the statewide average per diem cost for services as derived in
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Examples of Maximum Allowable Rate in a sentence

  • In the event that fulfillment of any provision of this Agreement results in the interest rate hereunder being in excess of the Maximum Allowable Rate, the obligation to be fulfilled shall automatically be reduced to eliminate such excess.

  • If, notwithstanding the foregoing, the Bank receives an amount which under applicable law would cause the interest rate set forth in this Agreement to exceed the Maximum Allowable Rate, the portion thereof which would be excessive shall automatically be applied to and deemed a prepayment of the unpaid principal balance of the Loan and not a payment of interest.

  • If notwithstanding the foregoing, the holder of such Obligation receives an amount which under applicable law would cause the interest rate thereunder to exceed the Maximum Allowable Rate, the portion thereof which would be excessive shall automatically be applied to and deemed a prepayment of the unpaid principal balance under such Obligation and not a payment of interest.

  • In the event that fulfillment of any provisions of any Obligation results in the interest rate thereunder being in excess of the Maximum Allowable Rate, then amount to be paid thereunder resulting in an excessive interest rate shall automatically be reduced to eliminate such excess.

  • For purposes hereof, "applicable law" shall mean the law in effect on the date hereof, except that if there is a change in such law which results in a higher Maximum Allowable Rate being applicable to the Obligation subject thereto, then such Obligation shall be governed by such amended law from and after its effective date.

  • If, notwithstanding the foregoing, the Bank or any other holder of this Restated Note receives an amount which under applicable law would cause the interest rate hereunder to exceed the Maximum Allowable Rate, the portion thereof which would be excessive shall automatically be applied to and deemed a prepayment of the unpaid principal balance of this Restated Note and not a payment of interest.

  • In the event that fulfillment of any provision of this Restated Note or the Loan Documents results in the interest rate hereunder being in excess of the Maximum Allowable Rate, the obligation to be fulfilled shall automatically be reduced to eliminate such excess.

  • In the event that fulfillment of any provision of this Note or the Pledge Agreement results in the interest rate hereunder being in excess of the Maximum Allowable Rate, the obligation to be fulfilled shall automatically be reduced to eliminate such excess.

  • The interest rate provisions of each of the Obligations are subject to the condition that in no event shall the amount paid or agreed to be paid to the holder of such Obligation which is deemed interest under applicable law exceed the maximum rate of interest on the unpaid principal balance of such Obligation allowed by applicable law, if any, (the "Maximum Allowable Rate").

  • If, notwithstanding the foregoing, the Lender receives an amount which under applicable law would cause the interest rate set forth in this Agreement to exceed the Maximum Allowable Rate, the portion thereof which would be excessive shall automatically be applied to and deemed a prepayment of the unpaid principal balance of the Credit Line Loan and not a payment of interest.


More Definitions of Maximum Allowable Rate

Maximum Allowable Rate means the statewide average per diem cost for services as
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Maximum Allowable Rate means, on any day, the maximum nonusurious rate of interest permitted for that day by applicable law, stated as a rate per month. It is expressly acknowledged and agreed that Alabama law, including without limitation the laws governing interest, shall be applicable to this Agreement and shall establish the Maximum Allowable Rate; provided, however, that if for any reason whatsoever it is determined by a court of competent jurisdiction that, notwithstanding the Merchant's and the Bank's express agreement that no law other than Alabama law shall be applicable to this Agreement with respect to usury, on any day that any other law is deemed applicable, the Maximum Allowable Rate shall be the maximum nonusurious rate of interest applicable to an entity such as Merchant in the applicable jurisdiction. If for any reason Merchant's performance of an agreement or obligation under this Agreement involves exceeding the limit of validity prescribed by applicable law, then such agreement or other obligation shall be reduced to the limit of such validity, and if for any reason amounts paid under this Agreement during its full term are deemed interest which produces a rate which exceeds the Maximum Allowable Rate, Bank shall refund to Merchant such portion of said interest as shall be necessary to cause the interest paid on this Agreement to produce a rate equal to the Maximum Allowable Rate.
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Maximum Allowable Rate means, on any day, the maximum non-usurious rate of interest permitted for that day by whichever of applicable federal or Texas law permits the higher interest rate, stated as a rate per annum. On each day, if any, that Chapter One ("Chapter One") of Title 79, Texas Revised Civil Statutes, 1925, as amended (the "Texas Credit Code"), establishes the Maximum Allowable Rate, the Maximum Allowable Rate shall be the "indicated rate ceiling" (as defined in Chapter One) for that day. To the extent that the Maximum Allowable Rate under applicable law is subject to fluctuation, without notice to Borrower or any other person or entity, the Maximum Allowable Rate hereunder shall automatically fluctuate upward and downward as, and in the amount by which, the maximum non-usurious rate of interest permitted by applicable law fluctuates. In no event shall the rate of interest calculated and charged hereunder exceed the Maximum Allowable Rate. All agreements between Borrower and Bank, or any subsequent Holder of this Note, whether now existing or hereafter arising and whether written or oral, are expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration of the maturity of this Note or otherwise, shall the aggregate of all amounts paid or agreed to be paid to the Holder of this Note for the use, forbearance or detention of the funds advanced pursuant to this Note or for the performance or payment of any covenant or obligation contained herein or in any other document evidencing, securing or pertaining to this Note or of any other debt evidenced hereby exceed the Maximum Allowable Rate. If from any circumstances whatsoever, fulfillment of any provision hereof or of any such other document, at the time performance of such provision shall be due, shall involve transcending the limit of validity prescribed by applicable law, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity, and if from any circumstance or reason whatsoever, the interest paid or received on this Note during its full term produces a rate which exceeds the Maximum Allowable Rate, Bank or any subsequent Holder of this Note shall refund to the payor or, at Bank's or such Holder's option, credit against the unpaid principal of this Note, if any, such portion of said interest as shall be necessary to cause the interest paid on this Note to produce a rate equal to the Maximum Allowable Rate. All sums paid or agreed to be paid to an...
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Maximum Allowable Rate means, on any day, the maximum nonusurious rate of interest permitted for that day by whichever of applicable federal or Texas law permits the higher interest rate, stated as a rate per annum.
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Related to Maximum Allowable Rate

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Maximum allowable cost list means a list of drugs for

  • Maximum Advance Rate means 80.0%.

  • Applicable Rate means a percentage per annum equal to:

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Hurdle Rate means the minimum annual rate of return over the Net Asset Value at launch, or the beginning of the relevant Performance Period, as applicable, that must be achieved before an Equalisation Performance Fee is applied (details of which are set out in the section headed “Unit Class Information” in the Supplement for the relevant Fund where applicable). This rate is accrued at each Valuation Point.

  • Maximum Revolving Advance Amount means $30,000,000.

  • Taxable Rate means, with respect to a Taxable Period, the product of (i) the average interest rate on the Bonds during such period and (ii) 1.54.

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Maximum Amount means the Maximum Amount as specified in § 1 of the Product and Underlying Data.