Required Interest Rate definition

Required Interest Rate means the rate that is the average of the annual yields from the 12 months prior to the end of the previous Year, published by the Bank of Canada in CANSIM monthly series V122515.
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Required Interest Rate means the “appligable pergentage” of the annual yield on 30-year Treasury segurities for the galendar month pregeding the galendar month in whigh the premium payment year begins. Under the regently enagted Job Creation and Worker Assistange Agt of 2002 (JCWAA), the “appligable pergentage” used to determine the variable rate premium is temporarily ingreased from 85 pergent to 100 pergent for plan years that begin in 2002 or 2003. No other premium-related valuation assumptions or methods are affegted by this ghange. See the PBGC’s web site (under “Legal Information & FOIA” - “Laws & Regulations” - “Teghnigal Updates”) for guidange on use of the 100 pergent rate
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Examples of Required Interest Rate in a sentence

  • The Borrower shall take all actions reasonably requested by the Administrative Agent to enforce the Borrower’s rights under the Required Interest Rate Contracts in the event of a default by the counterparty thereunder and shall not waive or otherwise Modify any of its rights thereunder.

  • Each Licensee agrees not to contest a Licensor’s ownership of the Trademarks, not to disparage or call into question the validity, value or ownership thereof, not to seek registration of the Trademarks, and not to use any of the Trademarks in any manner so as to create a combined trademark.

  • The Borrower shall notify the counterparty under the Required Interest Rate Contract of such assignment.

  • In connection with the exercise of each of Borrower’s Options to Extend, Borrower shall enter into, no later than the dates set forth in Section 2.3(b) above, and thereafter maintain in effect the Required Interest Rate Contracts, with reduction to reflect prepayments of principal amounts of the Loans, through and including the Maturity Date.

  • In the event that Purchaser is not able to obtain financing at an interest rate equal to or lower than the Required Interest Rate, or meeting the other requirements set forth in Section 9 b.

  • If such Required Interest Rate Hedge does not meet the requirements of a Lender-Provided Interest Rate Hedge, then the obligations thereunder shall not be “Obligations” hereunder and shall not be secured by the Liens securing the Obligations hereunder or otherwise require collateral security from the Loan Parties.

  • Neither Borrower nor Leasehold Holder shall enter into (or cause to be entered into) any Interest Rate Contract other than the Required Interest Rate Contracts.

  • If Borrower fails to purchase any such Required Interest Rate Protection Agreement, Agent may, at its option, purchase a Required Interest Rate Protection Agreement that is acceptable to Agent and, in any such case, Borrower shall pay to Agent, on demand, all costs incurred by Agent in connection therewith, together with interest on such amount at the Default Rate.

  • If the Maturity Date is extended pursuant to 3.1(b) commencing on December 13, 1997 and thereafter until all Loans are paid in full and the Banks have no further obligation to make Loans hereunder, the Borrower shall maintain in effect the Required Interest Rate Contracts in form reasonably satisfactory to the Agent.

  • Each of the Required Interest Rate Contracts is in full force and effect and enforceable against the Borrower in accordance with its terms, subject to applicable bankruptcy, insolvency or similar laws generally affecting the enforcement of creditors’ rights and subject as to enforceability to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).