the Prescribed Rate definition

the Prescribed Rate means the rate from time to time prescribed by regulations under section 178 of the Finance Act 1989 for the purposes of the corresponding provision of Schedule 1 to the Contributions and Benefits Act, that is to say-

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the Prescribed Rate means the rate applicable under section 178 of the Finance Act 1989 for the purposes of section 824 of ICTA(6).

the Prescribed Rate means an annual rate of interest equal to four per cent. above the base lending rate (or any equivalent thereof or successor thereto) published from time to time by Barclays Bank plc in London, but not exceeding a maximum rate of 15 per cent. being the base lending rate in effect at the close of business in London on the day immediately preceding the day on which such rate falls to be determined;

Examples of the Prescribed Rate in a sentence

• Interest in respect of a Drawing accrues from day to day in respect of each Interest Period at the Prescribed Rate for that Interest Period on the amount of the Drawing on that day and based on a 365 day year.

• Interest on the Standby Redraw Facility Principal accrues from day to day in respect of each Interest Period at the Prescribed Rate for that Interest Period on the amount of the Standby Redraw Facility Principal on that day and based on a 365 day year.

• Such payment must be made together with interest from the date the costs and expenses are incurred to the date of full payment at the Prescribed Rate and if applicable, the Default Rate (both before and after judgment).

• If any payment by the Trustee on a Distribution Date pursuant to clause 5.3 is insufficient to pay the full amount of the then accrued interest on the Standby Redraw Facility Principal, such unpaid accrued interest will in turn accrue interest (as a separate and independent obligation) until paid at the Prescribed Rate for each succeeding Interest Period and if not paid on the Distribution Date at the end of each such succeeding Interest Period, will itself bear interest in accordance with this clause.

• If any payment by the Trustee on a Distribution Date pursuant to clause 5.3 is insufficient to pay the full amount of the then accrued interest on a Drawing, such unpaid accrued interest will in turn accrue interest (as a separate and independent obligation) until paid at the Prescribed Rate for each succeeding Interest Period and if not paid on the Distribution Date at the end of each such succeeding Interest Period, will itself bear interest in accordance with this clause.

More Definitions of the Prescribed Rate

the Prescribed Rate means the rate of three per centum per annum above the base lending rate from time to time of the Bank of Scotland;

the Prescribed Rate means the base rate of HSBC Bank plc (or such other London clearing bank as the Landlord may from time to time nominate) in force at the due date.

the Prescribed Rate means four per centum above the Base Rate from time to time of Barclays Bank Plc or where there is no such Base Rate then such equivalent rate of interest as the Landlords shall reasonably from time to time specify by notice in writing served on the Tenant and where and wherever interest is payable at the Prescribed Rate the same shall be calculated on a day to day basis and compounded quarterly (and proportionately for any fraction of a quarter) on any relevant usual quarter day.

the Prescribed Rate means a rate of interest being xxx% per annum over the base rate from time to time of xxxx or over the base rate of such other bank as the Landlord may nominate from time to time or in the event of any such base rate ceasing to exist such other rate of interest as shall in the reasonable opinion of the Landlord be equivalent to xxxx% per annum above the rate at which money may be borrowed on what is commercially regarded as short term borrowing "the Service Charge" means a sum equal to the percentage to be reasonably and properly determined by the Landlord of the total cost incurred by the Landlord in providing undertaking or procuring the Services

the Prescribed Rate means such rate as may be prescribed by the Governor in Cabinet.

the Prescribed Rate means a rate of interest being three per centum per annum above the base rate for the time being of National Westminster Bank plc Provided That if National Westminster Bank plc shall not be in the practice of publishing its base rate at the relevant time "the prescribed rate" shall mean such other reasonable and equivalent rate of interest as the Landlord shall from time to time in writing specify

the Prescribed Rate means a rate of interest being two per centum per annum over the base rate from time to time of National Westminster Bank PLC or over such other rate as may from time to time replace the same or over such other rate as the Landlord may from time to time reasonably require;