Specified Interest Rate means the interest rate at which the Notes bear interest, which rate is to be determined in the Certificate of Award.
Specified Interest Rate means the rate payable on undischarged judgments of the Courts of Ireland pursuant to the Courts Xxx 0000 As Amended from time to time during the period in respect of which interest is payable. THIRD SCHEDULE
Specified Interest Rate means a rate equal to 75 basis points over the yield on the Treasury Constant Maturity Series with maturity equal to six months as of the date of the Employee’s Separation from Service, as reported in Federal Reserve Statistical Release H.15.
Examples of Specified Interest Rate in a sentence
For the duration of the Guaranteed Term of a GTO, the Company will credit a Specified Interest Rate on amounts remaining allocated under the GTO.
Each GTO in the same Investment Period has its own Specified Interest Rate for the Guaranteed Term relating to the selected GTO.
GUARANTEED TERM OPTION (GTO) - A funding option offered under the Contract which provides a guaranteed interest rate (the "Specified Interest Rate"), paid over certain maturity durations (the "Guaranteed Term"), so long as certain conditions are met.
For the period commencing with the first day after the Maturity Date and ending on the thirtieth day following the Maturity Date, the GTO will be credited with the same Specified Interest Rate in effect before the Maturity Date.
The Company, however, reserves the right to change the Specified Interest Rate at any time for prospective allocations to GTOs. A MVA will apply against all amounts which are transferred or surrendered from allocations under a GTO prior to the Maturity Period for the particular GTO.
More Definitions of Specified Interest Rate
Specified Interest Rate means the Tax-Exempt Rate or the Taxable Rate, as applicable, plus the applicable Performance Margin.
Specified Interest Rate means the rate determined by the Directors for the purpose of this Constitution, and in the absence of a determination means 10% per annum;
Specified Interest Rate means the annual rate of interest that BMS Subsidiary Shareholder earns on its invested cash balances from time to time.
Specified Interest Rate means, with respect to any loan made to a Failing Member to fund a Call Deficiency pursuant to Section 7.3(a)(i), a rate per annum equal to the lesser of: (i)(a) if the Call Deficiency is less than the Failing Member’s Capital Commitment, fifteen percent (15%), or (b) otherwise, LIBOR plus seven percent (7%); or (ii) the maximum rate permitted by law.
Specified Interest Rate means the interest rate at which the Bonds bear interest, which rate shall not exceed five per centum (5.00%) per
Specified Interest Rate means the rate of interest, which, at the time set or established under the contract, is likely to result in the crediting of no more than a minimal rate of additional interest to the accumulation fund on an annual or more frequent basis.§40.2(u) of Regulation 139.
Specified Interest Rate means a rate per annum of interest equal to 0.50%. “Specified Property” means, as of the Fifth Amendment Effective Date, (a) the Owned Real Property set forth on Schedule 1.01F and (b) the consumer loan portfolios, in each case, owned by the Borrower or any of its Subsidiaries, including the Consumer Warehouse Assets. “Specified Representations” means the representations and warranties of the Borrower set forth in Sections 5.01(a) (solely as it relates to the Borrower, the Merger Subs and the Target Companies), 5.01(b)(ii), 5.02(a) (related to the entering into and performance of the Loan Documents and the incurrence of the extensions of credit thereunder), 5.02(b)(i) (related to the entering into and performance of the Loan Documents and the incurrence of the extensions of credit thereunder), 5.02(b)(iv), 5.04, 5.12, 5.15, 5.16 (subject to the proviso to Section 4.01(a)(iv)) and 5.18. “Standard Consumer Warehouse Undertakings” means representations, warranties, covenants, Consumer Warehouse Repurchase Obligations and indemnities entered into by the Consumer Warehouse Subsidiary pursuant to the Consumer Warehouse Loan Documents that are customary in a consumer warehouse financing, including those relating to the servicing of the assets of the Consumer Warehouse Subsidiary. “Standby Purchase Agreement” means that certain standby purchase agreement referred to in Section 3(c) of the Fifth Amendment. “Subrogation Rights” has the meaning specified in Section 9.15(c). “Subsidiary” of a Person means a corporation, company, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. -52-