Preferred Rate definition

Preferred Rate means the annual interest rate identified as the “Preferred Rate” in the Disclosure Statement as such rate may be changed from time to time upon notice to you.

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Preferred Rate means eight percent (8%) annually, or two percent (2%) per calendar quarter.

Preferred Rate means, for each Plan Year, an interest rate that is the sum of the Crediting Rate and the Bonus Rate for that Plan Year.

Examples of Preferred Rate in a sentence

• For example, your Preferred Rate for Purchases could be 20.99% and your monthly installment fee could be 0.90%.

• Your actual Preferred Rate for Purchases and your actual monthly installment fee may be different.

• Calculation of the installment program fee assumes: (i) repayment each month of the required installment on the payment due date; (ii) no early repayment or missed payments; This comparison is for illustration purposes only and is intended to show that the cost to you of participation in the program is comparable to repayment outside the program, assuming the same repayment term.Your actual Preferred Rate for Purchases and your actual monthly installment fee may be different.

• This comparison is for illustration purposes only and is intended to show that the cost to you of participation in the program is comparable to repayment outside the program, assuming the same repayment term.Your actual Preferred Rate for Purchases and your actual monthly installment fee may be different.

• The chart immediately below compares: (I) repayment of $1423.00 under the installment program; and (II) repayment of $1423.00 at a Preferred Rate for Purchases of 19.99%.

More Definitions of Preferred Rate

Preferred Rate means a fixed rate per annum specified in the applicable Preferred Unit Designation.

Preferred Rate means a cumulative rate of return calculated in the same manner as interest, compounded annually, at an annual rate of nine percent (9%).

Preferred Rate with respect to the Class C Shares (provided that a Breach has not occurred and is continuing) shall be a per annum rate equal to LIBOR (as defined in the Articles) plus seven hundred (700) basis points adjusted on the first day of each Yield Accrual Period.

Preferred Rate means: (i) at any time when a Breach has occurred and is -------------- continuing or during a Breach Period, the Adjusted Preferred Rate and (ii) at any other time, a per annum rate equal to LIBOR plus five hundred (500) basis points adjusted on the first day of each Yield Accrual Period. Each determination of the Preferred Rate by the Preferred Shareholder pursuant to the provisions of this Article shall be binding on the Company, absent manifest error.

Preferred Rate means, a fixed rate per annum, specified by TCO as to a given series of Preferred Equity, which rate shall be equal to the dividend rate for the Related Issue.

Preferred Rate for a Plan Year shall mean the Crediting Rate plus the Bonus Rate for such Plan Year.

Preferred Rate means, for each Plan Year, an interest rate that is equal to the Crediting Rate multiplied by 1.23.