Implicit Rate definition

Implicit Rate has, with respect to any Warehouse Facility, the meaning specified in the related Receivables Financing Agreement.
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Implicit Rate means the interest rate used by us in calculating the Rent Instalments.
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Implicit Rate means, with respect to a Schedule, an implicit interest rate used in calculating the Rent Factor applicable to such Schedule, calculated as set forth in Section 3(b) of this Lease.
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Examples of Implicit Rate in a sentence

  • In such event, Lessee will also pay an amount equal to the difference between the portion of the Lease Payments which constituted interest which were actually paid and the interest which would have been paid if the Implicit Rate of Interest would have been the Taxable Rate of Interest from the Commencement Date, plus any penalties, interest, assessments and additions to tax payable by the Lessor as a result of the loss of the tax-exempt status of interest on the Lease.

  • For purposes of this paragraph, Tax Equivalent Yield means the rate used to determine the interest portion of the Lease Payments (the "Implicit Rate of Interest") divided by the remainder resulting from subtracting the current maximum federal corporate income tax rate from one.

  • In the event that for any reason the interest portion of the Lease Payments is determined to be includible in gross income for Federal income tax purposes, the Implicit Rate of Interest will increase to a rate equal to the Taxable Rate of Interest.

  • You also acknowledge and agree that, if your volume of Loan Remittances is greater than what either of us anticipated at the time we made this Agreement or you incur fees, the effective interest rate under this Agreement may be higher than the Implicit Rate.

  • We may at any time by giving you not less than one month's notice in writing increase or decrease the Rent Instalment under this Agreement to reflect changes in the Implicit Rate.


More Definitions of Implicit Rate

Implicit Rate means the rate of return anticipated by us to be earned by us on our investment in this transaction when the Rental Agreement was entered into (noting such rate may not be specific to your circumstances but may be the rate used by us generally for products of this or a related type);
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Implicit Rate means our implied rate of interest under this Lease Agreement as determined by us when this Lease Agreement was entered into (noting such rate may not be specific to your circumstances but may be the rate used by us generally for products of this or a related type); "Lease" means the lease agreement comprised of the Particulars and clauses 1 to 31 and clauses 45 to 48 of this document;
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Implicit Rate means the rate of return anticipated by us to be earned by us on our investment in this transaction when the Rental Agreement was entered into (noting such rate may not be specific to your circumstances but may be the rate used by us generally for products of this or a related type). “Initial Term” for a Rental Agreement means the initial term specified in the relevant Rental Schedule;
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Implicit Rate means 1.617% per annum.
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Implicit Rate means the weighted average of the Lessor Rate and the rate ------------- at which interest on the Lender's Loans is capitalized, each as in effect on the date of calculation based on the outstanding Funded Amounts.
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Implicit Rate means 2.423% per annum.
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Implicit Rate means the weighted average of the Lessor Rate and the rate at which interest on the Lenders' Loans is capitalized, each as in effect on the date of calculation based on the outstanding Funded Amounts.
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