Projected Rate definition

Projected Rate means that rate applicable to each Participant group as set forth below which will be credited on each date for which interest is to be credited under the Plan:
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Projected Rate means the rate specified in Appendix B under the column heading PROJECTED RATE for the applicable BILLING MONTH.
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Projected Rate means, at the option of the Obligated Group Agent and approved by the Majority Applicable Holders (a) the interest rate that equals the most recently available Revenue Bond Index as published in The Bond Buyer (or such comparable index approved by the Obligated Group Agent if the Revenue Bond Index is no longer published), or (b) the projected yield at par of an obligation as set forth in the report of a Consultant (which Consultant and report, including without limitation the scope, form, substance and other aspects thereof, are acceptable to the Majority Applicable Holders). Such report shall state that in determining the Projected Rate such Consultant reviewed the yield evaluations at par of not less than three obligations selected by such Consultant, the interest on which is entitled to the exemption from federal income taxation afforded by Section 103(a) of the Code or any successor thereto (or, if it is not expected that it will be reasonably possible to issue such tax-exempt obligations, or if the interest on the Indebtedness for which the Projected Rate is being calculated is not entitled to such exemption, then obligations the interest on which is subject to federal income taxation), which obligations such Consultant states in its report are reasonable comparators for utilizing in developing such Projected Rate and which obligations: (i) were outstanding on a date selected by the Consultant, which date so selected occurred during the 90-day period preceding the date of the calculation utilizing the Projected Rate in question, (ii) to the extent practicable, are obligations of Persons engaged in operations similar to those of the Obligated Group and having a credit rating similar to that of the Obligated Group, (iii) are not entitled to the benefits of any credit enhancement, including without limitation any letter or line of credit or insurance policy, and
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Examples of Projected Rate in a sentence

  • The Annual Projected Rate Meeting shall (i) permit NEET New York to explain and clarify its projected net revenue requirement and (ii) provide Interested Parties an opportunity to seek information and clarifications from NEET New York about the projected net revenue requirement.

  • No less than seven (7) days prior to such Annual Projected Rate Meeting, NEET New York shall cause notice to be posted at a publicly accessible location on the ISO website of the time, date, location, and remote access information for the Annual Projected Rate Meeting and NEET New York shall provide notice of such meeting to the Service List.

  • NEET New York shall hold an open meeting among Interested Parties (“Annual Projected Rate Meeting”) no sooner than twenty (20) days after the date that the projected net revenue requirement is posted to a publicly accessible location on the ISO website (as described in Section II.C of these protocols) and no later than October 31.

  • NEET New York will make the Annual Projected Rate Meeting remotely accessible.

  • Kindergarten students receive (+) =Mastery, (S) =Progressing at Projected Rate, and (-) =Not Progressing at Projected Rate.

  • A party may not pursue a Formal Challenge if that party did not submit an Informal Challenge during the applicable True-Up Review Period or Projected Rate Review Period.

  • Further details on the experimental methodology are included in table S-1 in the supplemental material.The PEM-FC model system comprised a two-layer polymer film with Pt decorated carbon fibers in one layer and Teflon™ fibers in a second layer.

  • Asset Class Projected Rate of Return*: 7.00% * The Projected Rate of Return was estimated by the plan sponsor.

  • These statistics are accompanied by a “snapshot”optimized by the gradient descent algorithm.

  • If November 30 falls on a weekend or a holiday recognized by FERC, the deadline for submitting all information and document requests for the Projected Rate Information Exchange Period shall be extended to the next business day.


More Definitions of Projected Rate

Projected Rate means the projected yield at par of an obligation as set forth in the report of a Consultant (which Consultant and report are not objected to by the Master Trustee). Such report shall state that in determining the Projected Rate such Consultant reviewed the yield evaluations at par of not less than three obligations selected by such Consultant, which obligations such Consultant states in its
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Projected Rate means (ix) in the case of obligations the interest on which is expected to be exempt from federal income taxes, at the option of the Credit Group Representative, (i) the interest rate which equals the most recently available Revenue Bond Index of Average Municipal Bond Yields as published in The Bond Buyer (or such comparable index approved by the Credit Group Representative, if such Revenue Bond Index is no longer published) for a term most closely approximating the assumed term of the Indebtedness in question (i.e., the period to maturity calculated in the manner provided in the Master Trust Indenture) andor (ii) in all other casesthe projected yield at par of an obligation as set forth in the report of a Consultant (which Consultant and report, including without limitation the scope, form, substance and other aspects thereof, are not objected to by the Master Trustee) and (y) in the case of obligations the interest on which is not expected to be exempt from federal income taxes, the projected yield at par of an obligation as set forth in the report of a Consultant (which Consultant and report, including without limitation the scope, form, substance and other aspects thereof, are not objected to by the Master Trustee). SuchAny such report of a Consultant shall state that in determining the Projected Rate such Consultant reviewed (to the extent available) the yield evaluationevaluations at par of such number of other obligations selected by such Consultant as such Consultant deems appropriate, which obligations such Consultant states are reasonable comparators for utilizing in developing such Projected Rate and which obligations are not entitled to the benefits of any credit enhancement including without limitation any letter of credit or insurance policy.
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Related to Projected Rate

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.

  • Quoted Rate means the rate of interest per annum offered by the Swing Line Bank in its sole discretion with respect to a Swing Line Advance.

  • Yield Rate means, (i) with respect to any Eligible Treasury Security on deposit at any time in either of the Paired Holding Trusts, the stated interest rate of such Eligible Treasury, if any, or any discount rate applicable to such Eligible Treasury, based on the purchase date and purchase price at which the applicable Paired Holding Trust acquired that Eligible Treasury, and (ii) with respect to any Eligible Treasury Repurchase Agreement, the difference between the repurchase price and the purchase price paid under such agreement, with such difference expressed as a percentage of such purchase price.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR 1.00-Eurodollar Reserve Percentage

  • Stated Rate has the meaning set forth in Section 2.7.

  • Required Rate means (a) 8.30%, with respect to the Cutoff Date and any Distribution Date on or prior to the date on which the Class A-2-B Notes are paid in full, or, (b) 7.80%, with respect to any Distribution Date after the Class A-2-B Notes are paid in full, or, in each case, such other percentage approved by the Rating Agencies.

  • Interpolated Rate means, at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places as the LIBO Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBO Screen Rate for the longest period for which the LIBO Screen Rate is available) that is shorter than the Impacted Interest Period; and (b) the LIBO Screen Rate for the shortest period (for which that LIBO Screen Rate is available) that exceeds the Impacted Interest Period, in each case, at such time.

  • Pricing Rate the per annum percentage rate for determination of the Price Differential;

  • Revised Rate With respect to any ARD Mortgage Loan, the increased interest rate after the Anticipated Repayment Date (in the absence of a default) for such ARD Mortgage Loan, as calculated and as set forth in the related Loan Agreement.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Eurodollar Rate with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): Eurodollar Base Rate