Program Interest Rate definition

Program Interest Rate means the following annual interest rates corresponding to each of the following Special Charge Terms, which interest rate will be fixed for the duration of the Special Charge Term: Special Charge Term Effective Interest Rate (Annual) 5 years 2.00% 10 years 2.75% 15 years 3.50% 20 years 3.75%
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Program Interest Rate means the prevailing interest rate established by City Council on tax arrears and charged per annum unless otherwise forgiven in accordance with the terms of this Program.
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Program Interest Rate means the following annual interest rates corresponding to each of the following Special Charge Terms, which interest rate will be fixed for the duration of the Special Charge Term:
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Examples of Program Interest Rate in a sentence

  • This balancing is reflected in the Authority's present interest rate policy.Interest rates applied to new loans are reset on the first business day of each January, April, July and October using a Base CWSRF Program Interest Rate (Base Rate).

  • Interest rates applied to new loans are reset on the first business day of each January, April, July and October using a Base DWSRF Program Interest Rate (Base Rate).

  • Fam: 1991-A outstanding mortgage loans transferred to 2003-B, then to 2008-B 2008-B/1991-AMortgage Program Interest Rate: 8.65% / 6.45% FAIR Type Homes - Det.

  • As permitted by Section 35.8 of the Regulation, the amount of the payment will be the present value of the Special Charge (Actual) still outstanding, calculated by the City using the Program Interest Rate as the discount rate.

  • Fam: 1989-B outstanding mortgage loans transferred to 2003-B, and then to 2008-B 2008-B/1989-BMortgage Program Interest Rate: 8.45% / 6.25% FAIR Type Homes - Det.

  • Must possess a Department of Transportation physical in accordance with 391.41 of the Federal Motor Carrier Safety Regulations.* NTTS reviews diplomas/equivalents to determine validity.

  • The Special Charge (Estimated) was calculated as follows: Special Charge Term (years) Program Interest Rate (%) Estimated Funding Amount Cost of Borrowing Administrative Charge Special Charge (Estimated) The monthly payment amount of the Special Charge (Estimated) is [AMOUNT].

  • At the same time, rapid globalization has made the garment sector very fragmented, created a distinctive power asymmetry between buyers and suppliers, and caused various labor issues.

  • This balancing is reflected in the Authority's present interest rate policy.Interest rates applied to new loans are reset on the first business day of each January, April, July, and October using a Base CWSRF Program Interest Rate (Base Rate).

  • Interest rates applied to new loans are reset on the first business day of each January, April, July and October using a Base CWSRF Program Interest Rate (Base Rate).


More Definitions of Program Interest Rate

Program Interest Rate. As of any date, the sum of (i) the per annum rate (rounded upwards to the nearest 1/16 of one percent) appearing in The Wall Street Journal for 90-day dealer commercial paper on the immediately preceding Cut-Off Date and (ii) the then applicable per annum Program Fee Rate (as defined in the Fee Letter) for CP Loans. Purchase: The purchase, transfer and assignment (whether by sale, capital contribution or otherwise), pursuant to Section 1.2(a) of the Agreement by Buyer from an Originator of the Receivables and the Related Security and Collections related thereto, together with all related rights in connection therewith.
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Program Interest Rate means 0.00%. From time-to-time, Synapse Brokerage LLC may change the Program Interest Rate, in its sole discretion, with at least thirty (30) days’ notice to you via the Platform or via email.
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Program Interest Rate means the prevailing interest rate established by City Council on tax arrears applicable at the time the Loan is advanced and charged per annum unless otherwise forgiven in accordance with the terms of this Program.
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Program Interest Rate means, for any day, the overnight LIBOR rate in effect as of 11:00 a.m. New York time on such day, as set forth opposite the caption "O/N" under the headings "Euro-Dollar" and "Ask" on Telerate Page 314, or if not so quoted, the overnight LIBOR rate in effect for such day, as set forth opposite the caption "O/N" on Reuters page MWMC or, if neither of the foregoing sources is available, an equivalent source as determined by the Collateral Trustee.
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Related to Program Interest Rate

  • 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.

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Base Interest Rate means a rate of interest based on the LIBOR Rate. "Base Interest Rate Loan" shall mean amounts outstanding under this note that bear interest at a Base Interest Rate. "Base Rate Maturity Date" shall mean the last day of the Interest Period with respect to principal outstanding under a Base Interest Rate Loan. "Business Day" shall mean a day which is not a Saturday or Sunday on which Bank is open for business in the state identified in paragraph 6, above, and with the respect to the rate of interest based on the LIBOR Rate, on which dealings in U.S. dollar deposits outside of the United States may be carried on by Bank. "Interest Period" shall mean any calendar period of one, two, three, six, nine or twelve months. In determining an Interest Period, a month means a period that starts on one Business Day in a month and ends on and includes the day preceding the numerically corresponding day in the next month. For any month in which there is no such numerically corresponding day, then as to that month, such day shall be deemed to be the last calendar day of such month. Any Interest Period which would otherwise end on a non-Business Day shall end on the next succeeding Business Day unless that is the first day of a month, in which event such Interest Period shall end on the next preceding Business Day. "LIBOR Rate" shall mean a per annum rate of interest (rounded upward, if necessary, to the nearest 1/100 of 1%) at which dollar deposits, in immediately available funds and in lawful money of the United States would be offered to Bank, outside of the United States, for a term coinciding with the Interest Period selected by Debtor and for an amount equal to the amount of principal covered by Dxxxxx's interest rate selection, plus Bank's costs, including the cost, if any of reserve requirements. "Origination Date" shall mean the Business Day on which funds are made available to Debtor relating to Debtor's selection of a Base Interest Rate. "Reference Rate" shall mean the rate announced by Bank from time to time at its corporate headquarters as its Reference Rate. The Reference Rate is an index rate determined by Bank from time to time as a means of pricing certain extensions of credit and is neither directly tied to any external rate of interest or index nor necessarily the lowest rate of interest charged by Bank at any given time.

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Mortgage Interest Rate The annual rate of interest borne on a Mortgage Note.

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.