Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.
Fixed Rate Term means a period commencing on a Business Day and continuing for one (1) or three (3) months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than Two Hundred Fifty Thousand Dollars ($250,000.00); and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.
Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2, 3 or 6 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $500,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.
Examples of Fixed Rate Term in a sentence
The Bishop of Bath & Wells (Rt Revd Peter Hancock) replied on behalf of the Chair of the House of Bishops: Since the publication of the Elliott Review in March 2016, the role of the NST has been defined within House of Bishops practice guidance, “Key Roles and Responsibilities of Church Office Holders and Bodies”, October 2017.
The contracts effectively swapped the Group’s JPY6.0 billion 30-year Fixed Rate Term Loan due 2038 into USD55 million liability and serve as a cashflow hedge for the Group’s principal repayment for the JPY loan obtained.
The contracts effectively swapped the Group’s JPY15.0 billion 30-year Fixed Rate Term Loan due 2037 into USD128 million liability.
Plan I customers may elect to prepay all of the unexpired portion of the Fixed Rates during the Fixed Rate Term.
If a Plan I payment option is selected, the customer will be given a choice of a separate or coterminous Fixed Rate Term.
More Definitions of Fixed Rate Term
Fixed Rate Term means a period of one, two, three or six months, as designated by Borrowers’ Agent, during which a Loan bears interest determined in relation to LIBOR; provided, however, that no Fixed Rate Term may extend beyond the Maturity Date, and if the last day of a Fixed Rate Term is not a Business Day, such term shall be extended to the next succeeding Business Day, or if the next succeeding Business Day falls in another calendar month, such term shall end on the next preceding Business Day.
Fixed Rate Term means a period commencing on a Business Day and continuing for one (1), two (2), three (3), six (6), nine (9) or twelve (12) months, as designated by GCI, during which all or a portion of the outstanding principal balance of the Line of Credit bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than Two Hundred Fifty Thousand Dollars ($250,000); and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date of the Line of Credit. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.
Fixed Rate Term means a period commencing on a Business Day and continuing for not less than thirty (30) days, nor more than five (5) years, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to Bank's LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than Two Hundred Fifty Thousand Dollars ($250,000.00); and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.
Fixed Rate Term means a period commencing on a Business Day and continuing for three (3) months, during which the outstanding principal balance of this Note bears interest determined in relation to LIBOR. The first Fixed Rate Term shall commence on the Date of Issue.
Fixed Rate Term means a period commencing on a Business Day and continuing for one, two or three months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that a Fixed Rate term may only be selected in multiples of twenty-five thousand and no/100 dollars ($25,000.00) and that no Fixed Rate Term may be selected for a principal amount less than One Hundred Thousand and no/100 Dollars ($100,000.00); and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.
Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,0000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.