Weighted Average Pass-Through Rate Clause Samples

The Weighted Average Pass-Through Rate clause defines how costs or benefits are proportionally allocated among parties based on their respective shares or contributions. In practice, this means that if a supplier receives a cost increase or decrease, the adjustment is distributed to customers according to the weighted average of their usage or purchase volumes. This approach ensures that each party bears a fair portion of the adjustment, preventing disproportionate impacts and promoting equitable cost sharing.
Weighted Average Pass-Through Rate. For any Distribution Date, the product of (i) the Loan Group 1 Weighted Average Pass-Through Rate for such Distribution Date and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related No-Delay Accrual Period.
View SourceView Similar (2)
Weighted Average Pass-Through Rate. For any Distribution Date, the weighted average of the Pass-Through Rates on the Group 1 and Group 2 Mortgage Loans as of the second preceding Due Date (after giving effect to (i) payments due on the Mortgage Loans on such Due Date and (ii) except for the first Distribution Date, any Payoffs on WMB Loans received on or before the 14th day of the calendar month of such Due Date).
View SourceView Similar (2)
Weighted Average Pass-Through Rate. The sum of (A) (i) the product of (a) the Loan Group 1 Weighted Average Pass-Through Rate and (b) the Subordinate Component Balance for Loan Group 1 immediately before that Distribution Date and (ii) the product of (a) the Loan Group 2 Weighted Average Pass-Through Rate and (b) the Subordinate Component Balance for Loan Group 2 immediately before that Distribution Date, divided by (B) the sum of the Subordinate Component Balances for Loan Group 1 and Loan Group 2 immediately before that Distribution Date.
View Source
Weighted Average Pass-Through Rate. For any Distribution Date, the product of (i) the Group 3 Weighted Average Pass-Through Rate for such Distribution Date and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related No-Delay Accrual Period.
View Source

Related to Weighted Average Pass-Through Rate

  • Spread; Spread Multiplier; Index Maturity The “Spread” is the number of basis points (one one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate Basis or Interest Rate Bases applicable to this Note. The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate. 5.10.2 In respect of Interest Periods pursuant to Clause 5.3.2 and subject to Clause 5.3.2, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during an Interest Period shall be the Fixed Rate.