Plan Interest Rate definition

Plan Interest Rate means an interest rate determined from time to time by the Committee.

Plan Interest Rate means the interest rate for deferred payments under the Plan, which rate shall be determined, based upon then-existing market rates, as of the Effective Date.

Plan Interest Rate means the average interest rate of 10-year U.S. Treasury Notes for the November of the prior calendar year, or such other rate as set by the Committee or Board.

Examples of Plan Interest Rate in a sentence

• The Instalment Plan Interest Rate will always be less than the general interest rate for purchases you make with the Credit Card.

• The Instalment Plan Interest Rate is the rate of interest that we apply to purchases moved to an Instalment Plan.

• We will let you know the Instalment Plan Interest Rate and the monthly repayment amount that will apply before you commit to an Instalment Plan.

• Once you put a purchase on the Instalment Plan, interest at the Instalment Plan Interest Rate accrues daily on the amount you owe us on the Instalment Plan as it reduces over the period of the Instalment Plan.

• The Instalment Plan is a feature of the Credit Card, which allows you repay us for larger purchases of goods and services made with the Credit Card together with interest at the Instalment Plan Interest Rate, over a 12 month period Instalment Plan.

More Definitions of Plan Interest Rate

Plan Interest Rate means the interest rate for the latest issue, as of the end of the previous month, of ten-year U.S. Treasury Notes, or such other rate as set by the Chairman of the Board of Directors.

Plan Interest Rate means the interest rate for deferred payments under this

Plan Interest Rate means 0% per annum.

Plan Interest Rate means the interest rate that is required by the applicable Qualified Plan for purposes of converting a single-life annuity to a lump-sum payment commencing as of the first day of the month coincident with or next following his Termination Date. If the rate required by the Qualified Plan is determined by reference to a yield curve, the Plan Interest Rate shall mean the first segment of such yield curve.

Plan Interest Rate means the rate of interest determined by the Bankruptcy Court upon Confirmation, if necessary for purposes of the application of section 1124 (impairment) or section 1129(b) of the Bankruptcy Code (Present Value), as the case may be, to the distributions to certain Creditors under the Plan. The Plan Interest Rate may be different for different Classes of Claims. The Plan Interest Rate for the holders of Allowed Unsecured Claims shall be the greater of (x) the federal judgment rate set forth in 28 U.S.C. ss. 1961, determined on the Confirmation Date; or (y) six percent (6%).

Plan Interest Rate means the rate of interest determined by the Bankruptcy

Plan Interest Rate means the rate of interest utilized, if necessary, for purposes of the application of section 1124 (impairment) or section 1129(b) of the Bankruptcy Code (present value), as the case may be, to the distributions to certain Creditors under the Plan. The Plan Interest Rate shall be the Prime lending rate of Bank of America, N.T. & S.A. with respect to Secured Claims.