Preference Rate definition

Preference Rate means a quarterly rate expressed as a percentage equal to ** per annum, divided by four.
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Preference Rate means (A) for each share of Series A Preferred Stock, $0.0167 per annum; (B) for each share of Series B Preferred Stock, Five Cents ($0.05) per annum; (C) for each share of Series C Preferred Stock, $0.0725 per annum; (D) for each share of Series D Preferred Stock, $0.13125 per annum; and (E) for each share of Series E Preferred Stock, $0.25275 per annum.
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Preference Rate means cumulative gross preferential dividend rate out of the distributable profits of the Company, at a dividend rate per annum of 3.8% on the Issue Price of the RPS
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Examples of Preference Rate in a sentence

  • The holders of the 8.5% Cumulative Convertible Preferred Stock shall be entitled to receive, when and as declared by the Board of Directors in its discretion, but only out of funds lawfully available for dividends under the laws of the State of New York, semiannual dividends at the rate (the "Preference Rate") of Eighty-Five and 00/100 ($85.00) Dollars per share, and no more, payable in cash on the last business day of June and December in each year, commencing on the last business day in June 1997.

  • The UK treasury Social Time Preference Rate (STPR), for use in UK government appraisal is set at 3.5% in real terms63.

  • This increases the overall cost of NPD projects, as payments over the life of the contract attract interest charges.RealReal terms is generally used to show that figures have been adjusted for inflation.In this context, we are referring to them being adjusted to take into account both the Social Time Preference Rate and inflation.Part 2.

  • Time Preference Rate using the Euler Equation In order to estimate the SRTP, we need the values for ρ and μ, as shown in t16Since Cobb-Douglas is a production function, it is reasonable to regard Y as the real output rather than thereal GDP, which is the sum of the added value.

  • No dividends (other than those payable solely in shares of Common Stock) may be declared or paid with respect to shares of Common Stock during any fiscal year of the Corporation until dividends in the aggregate amount of not less than $0.90 per share (the "Dividend Preference Rate") of Series B Preferred Stock (as adjusted as provided herein) have been paid or declared and set aside with respect to the Series B Preferred Stock during such fiscal year.

  • A Social Time Preference Rate for Use in Long-Term Discounting, A report for ODPM, DFT and DEFRA.

  • Real terms is generally used to show that figures have been adjusted for inflation.In this context, we are referring to them being adjusted to take into account both the Social Time Preference Rate and inflation.1.3 and 5.7 percentage points higher than if the Scottish Government had borrowing powers available or councils borrowed directly to fund the projects at the time contracts were signed (Exhibit 5, page 25).

  • There is, however, less agreement over what this rate should be and how to determine it.The existing literature on the SDR suggests that there are three main methods that are utilized to measure the value: i) Social Time Preference Rate (STPR) approach which is based on classical Ramsey (1928) model of saving and growth.

  • The Social Time Preference Rate is not applied to GVA from jobs created earlier, since a maximum of one year’s acceleration is assumed.

  • It therefore covers part of the current price control, RIIO- T1, which is in place from 1st April 2013 to 31st March 2021.Discount rateWe have used the Social Time Preference Rate (STPR) in line with HM Treasury’s Green Book recommendations11.


More Definitions of Preference Rate

Preference Rate means for each Convertible Preferred Unit a daily rate expressed as a percentage equal to (i) 7% per annum until December 31, 2010 and (ii) 14% per annum thereafter, in each case divided by 365 or 366 days, as the case may be, during such calendar year, provided, however, that if a monetization of all or substantially all of the Company’s assets in the Republic of Ghana takes places (x) before December 31, 2010, the Preference Rate shall remain at 7% per annum at all times thereafter, or (y) after December 31 2010, the Preference Rate shall be equal to 7% from the day of such monetization event and remain 7% per annum at all times thereafter. If a change in Preference Rate takes effect during a calendar year, the effects of such change shall be pro-rated for such calendar year.
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Preference Rate has the meaning given to it in paragraph 1.1.1 of Schedule 5 (Preference Share Terms).
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Related to Preference Rate

  • Reference Rate means the rate specified as such hereon.

  • €STR Reference Rate means, in respect of any TARGET Business Day, a reference rate equal to the daily Euro Short-Term Rate ("€STR") for such TARGET Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the website of the European Central Bank initially at http://www.ecb.europa.eu, or any successor website officially designated by the European Central Bank (the "ECB's Website") (in each case, at the time specified by, or determined in accordance with, the applicable methodology, policies or guidelines on the TARGET Business Day immediately following such TARGET Business Day).

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place:

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Reset Reference Rate means, in relation to a Reset Determination Date and subject to Condition 5(b)(iii) and Condition 5(c)(v), if applicable:

  • Successor Reference Rate means the rate that the relevant Independent Adviser determines is a successor to or replacement of the Reference Rate which is formally recommended by any Relevant Nominating Body.

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Replacement Reference Rate means a reference rate which is:

  • LIBOR Reserve Percentage means the reserve percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor) for "Eurocurrency Liabilities" (as defined in Regulation D of the Federal Reserve Board, as amended), adjusted by Bank for expected changes in such reserve percentage during the applicable Fixed Rate Term.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Debt Rate means, with respect to (i) any Series of Equipment Notes, the rate per annum specified for such Series under the heading “Interest Rate” in Schedule I to the Trust Indenture (as amended, in the case of any Additional Series, at the time of original issuance of such Additional Series), and (ii) any other purpose, with respect to any period, the weighted average interest rate per annum during such period borne by the outstanding Equipment Notes, excluding any interest payable at the Payment Due Rate.

  • Applicable Reference Rate means, collectively or individually, Term SOFR, Daily Compounded XXXXX, XXXXX or the EURIBOR Rate.

  • Reference Rate of Interest Event means, with respect to the Swap Rate or any subsequent Reference Rate of Interest (the "Reference Rate of Interest") one of the following events:

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • LIBOR Rate Reserve Percentage means as of any day the maximum percentage in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including supplemental, marginal and emergency reserve requirements) with respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”).

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • 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.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Initial LIBOR Rate Not applicable.