Rate reduction definition

Rate reduction means the reduction in tax rate specified in section 42-64.14-11.
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Rate reduction means an amount equal to (a) the 2023 calendar year Operating Costs (grossed up to reflect 100% occupancy) and Taxes (adjusted, if necessary, to reflect a fully assessed property) for fiscal tax year 2023 multiplied by (b) the Tenant’s Percentage (as set forth in the original Lease), the product of which is then (c) divided by 46,526. A more illustrative example of the conversion from gross to net Fixed Rent is attached hereto as Exhibit D and is incorporated herein by reference. No later than ninety (90) days after the end of calendar year 2023, Landlord shall furnish Tenant with an itemized statement of the Operating Costs for calendar year 2023 and Taxes for fiscal year 2023 for the Existing Premises, increased to reflect all additional costs and expenses that would have been incurred had the Building been 100% occupied, prepared, allocated and computed in accordance with generally accepted accounting principles, along with (a) Landlord’s determination of the Rate Reduction, and (b) a revised schedule of Existing Premises Annual Fixed Rent for the remainder of the Term (the “Revised Rent Schedule”).
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Rate reduction means a reduction in the Applicable Base Rate or Applicable LIBO Rate, as applicable, charged by the Bank to the Borrower pursuant to Section 2.2 of this Agreement. The Rate Reduction shall equal one-quarter of one percent (0.25%) if the Borrower's Leverage Ratio is greater than 0.75 and less than 1.00. The Rate Reduction shall equal one half of one percent (0.50%) if the Borrower's Leverage Ratio is less than or equal to 0.
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Examples of Rate reduction in a sentence

  • Subpart 1615.2—Solicitations and Receipt of Proposals and Information1615.270 Applicability.Subpart 1615.3—Source Selection1615.370 Applicability.Subpart 1615.4—Contract Pricing1615.402 Pricing policy.1615.404–4 Profit.1615.404–70 Profit analysis factors.1615.406–2 Certificate of accurate cost or pricing data for community-rated car- riers.1615.407–1 Rate reduction for defective pric- ing or defective cost or pricing data.1615.470 Carrier investment of FEHB funds.

  • As such, the business rates the council collected and retained need to be adjusted for the anticipated outcome of the on-going national backlog of Business Rate reduction cases, which are still currently being assessed by the Valuation Office and in some instances are up to ten years old.

  • Before aligning we work with low- ercase text (which leads to an Alignment Error Rate reduction) and we recover truecase after the alignment is done.In addition, the alignment (in specific pairs of languages) was improved using two strategies:Full verb forms The morphology of the verbs usually differs in each language.

  • As further set forth in Section 4.03(c)(iii)(1) and Article V, an owner who consumes water in excess of all remaining credits shall be liable for a Tier 3 Penalty Rate, reduction in future Tier 1 and Tier 2 Allocations, and shall be subject to any and all other remedies as may be available to the GKGSA in law or in equity.

  • Upon full payment of the Award, the foregoing Royalty Rate reduction shall end and Kissei shall resume full royalty payments to Protox under this Agreement.

  • One proposal on the list of whole authority savings is Casual Mileage Rate reduction from 55p to 45p (the HMRC rate).

  • The contract term may be extended only to accom- modate payment to the contractor and associated direct costs.(b) Rate reduction.

  • For an avoidance of doubt, only HMW Combination Products are subject to a further [***] Royalty Rate reduction.

  • Rate reduction for ‘employee plus one” and short-term disability will be investigated as possible employee options.

  • For FY2021, Shannon Health established system‐wide quality goals for the following three specific quality measures: (1) Hospital‐Acquired Condition reduction for five key conditions (CLABSI, CAUTI, SSI, MRSA, and CDI); (2) Mortality Rate reduction; and (3) Readmission Rate reduction.


More Definitions of Rate reduction

Rate reduction has the meaning specified in the definition of Applicable Rate.
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Rate reduction means a reduction in the Applicable Base Rate or Applicable LIBO Rate, as applicable, charged by the Bank to the Borrower pursuant to Section 2.2 of this Agreement. The Rate Reduction shall equal one-quarter of one percent (0.25%) if the Borrower's Leverage Ratio is greater than 0.75 and less than 1.00. The Rate Reduction shall equal one half of one percent (0.50%) if the Borrower's Leverage Ratio is less than or equal to 0.75. The determination of whether the Borrower is entitled to a Rate Reduction shall be made in connection with the Borrower's delivery of the certificate required to be delivered by the Borrower to the Bank pursuant to Section 6.2(b) of this Agreement. Rate Reductions will become effective on the first day of the subsequent fiscal quarter. Prior to the Borrower's delivery of the first such Certificate, no Rate Reduction will be available.
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Rate reduction means (i) upon and after the delivery of audited annual financial statements in accordance with Schedule C for the fiscal year ending December 31, 2014, and solely to the extent Borrowers have demonstrated to Lender that as of December 31, 2014 the Fixed Charge Coverage Ratio for the period of twelve months then ending is greater than 1.50:1.00 and that no Default or Event of Default has then occurred or is continuing, 0.25% and (ii) at all other times and in all other circumstances (including due to the failure of Borrowers to satisfy the conditions in foregoing clause (i)), 0%.
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Rate reduction means the implementation of the four
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Rate reduction means the reduction in the tax rate specified in § 44-70-4.
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Related to Rate reduction

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • Debt Service Reduction With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction resulting from a Deficient Valuation.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Mortgage Rate Caps With respect to an Adjustable Rate Mortgage Loan, the Periodic Mortgage Rate Cap, the Maximum Mortgage Rate, and the Minimum Mortgage Rate for such Mortgage Loan.

  • Mortgage Rate The annual rate of interest borne by a Mortgage Note from time to time.

  • Relief Act Reduction With respect to any Mortgage Loan as to which there has been a reduction in the amount of the interest collectible thereon as a result of the application of the Servicemembers Civil Relief Act, any amount by which interest collectible on such Mortgage Loan for the Due Date in the related Due Period is less than the interest accrued thereon for the applicable one-month period at the Mortgage Interest Rate without giving effect to such reduction.

  • Rate Year means July 1st of a given Calendar Year through June 30th of the succeeding Calendar Year.

  • Periodic Mortgage Rate Cap With respect to an Adjustable Rate Mortgage Loan, the periodic limit on each Mortgage Rate adjustment as set forth in the related Mortgage Note.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Maximum Net Mortgage Rate With respect to any adjustable rate Mortgage Loan and any date of determination, the Maximum Mortgage Rate minus the sum of (i) the Subservicing Fee Rate and (ii) the Servicing Fee Rate. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Adjusted Mortgage Rate As to each Mortgage Loan, and at any time, the per annum rate equal to the Mortgage Rate less the Master Servicing Fee Rate.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.

  • Relief Act Reductions With respect to any Distribution Date and any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month as a result of the application of the Relief Act, the amount, if any, by which (i) interest collectible on such Mortgage Loan for the most recently ended calendar month is less than (ii) interest accrued thereon for such month pursuant to the Mortgage Note.

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.

  • Rate Ceiling The maximum per annum Mortgage Interest Rate permitted under the related Mortgage Note.

  • Class B Prepayment Percentage Any of the Class B-1 Prepayment Percentage, Class B-2 Prepayment Percentage, Class B-3 Prepayment Percentage, Class B-4 Prepayment Percentage, Class B-5 Prepayment Percentage or Class B-6 Prepayment Percentage.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Discount Net Mortgage Rate As defined in the Series Supplement.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

  • Net Mortgage Rate With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.

  • Adjusted Net Mortgage Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Rate less the Expense Fee Rate.