ADJUSTMENTS TO INTEREST RATES Sample Clauses

ADJUSTMENTS TO INTEREST RATES. The LIBOR Rate shall be adjusted as to the Applicable Margin based on changes in the Total Debt to EBITDA Ratio. Such adjustments shall be made by the Bank without notice to Borrower, based on such Ratio as of the end of a Fiscal Quarter. The Applicable Margin shall be reduced to a specified level only in the event that (A) no Potential Default or Event of Default exists as of the date of determination and (B) the required Total Debt to EBITDA Ratio has been satisfied. All adjustments shall be effective as follows:
Sample 1
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ADJUSTMENTS TO INTEREST RATES. (i) (A) The "LIBOR Margin" and the "Line of Credit Floating Rate Margin" for Advances under the Line of Credit are as set forth below in the "Line of Credit Pricing Matrix", which are determined based on Obligors' Consolidated Debt Service Coverage Ratio.
Sample 1
ADJUSTMENTS TO INTEREST RATES. Notwithstanding the foregoing, (i) from and after any Taxable Date, the interest rate on this Bond shall be established at a rate equal to the Taxable Rate and (ii) subject to the interest rate limitations of paragraph 1(a) above, upon the occurrence and continuation of any Event of Default, from and after the effective date of such Event of Default, the interest rate on this Bond shall be established at a rate equal to the Default Rate. In the event that a Taxable Date and an Event of Default have occurred, the interest rate on this Bond shall be established at a rate equal to the greatest of
Sample 1
ADJUSTMENTS TO INTEREST RATES. (a) In the event of a Determination of Taxability, the Interest Rate shall be immediately increased (effective retroactively to the date of the Determination of Taxability) to the Taxable Rate; provided, however, such increased rate shall never exceed the maximum rate allowable by law. This adjustment shall survive payment on this Loan until such time as the Federal statute of limitations under which interest on the Series 2017 Note could be declared taxable under the Code shall have expired. The Agency shall also reimburse the Bank for the difference between (i) the interest then due computed at the adjusted rate, and (ii) the interest previously paid on the Series 2017 Note at the unadjusted rate, along with all costs, expenses, penalties and attorneys fees incurred by the Bank as a result of such Determination of Taxability, within 30 days after the date a written notice is delivered by the Bank to the Agency stating that such a Determination of Taxability has been made and stating the amount that is then due. The obligation to pay such additional interest and such other costs, expenses, penalties, and attorney's fees shall survive the payment of the principal of the Series 2017 Note but shall be payable solely from Pledged Funds in the manner and to the extent described herein.
Sample 1
ADJUSTMENTS TO INTEREST RATES. (a) If for any reason it shall be determined that any portion of the Series 2014A Note is not a "qualified tax-exempt obligation" within the meaning of Section 265(b)(3) of the Code, then the Interest Rate thereon shall be increased to such rate as shall provide the Noteholder with the same rate of return that the Noteholder would have otherwise received on the such amounts taking into account the diminished deductibility of interest expense of the Noteholder under Section 265 of the Code as a result of the non "qualified tax-exempt obligation" status of the Series 2014A Note; provided, however, such increased rate shall never exceed the maximum rate allowable by law. Upon the written request of the City, the Noteholder shall provide the City with sufficient evidence supporting any such increase.
Sample 1

Related to ADJUSTMENTS TO INTEREST RATES

  • Adjustment to Interest Rate Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

  • Adjustments to Fees Notwithstanding any of the fee limitations set forth in this Article 6, commencing upon the expiration of the first year of this Agreement, and upon the expiration of each year thereafter during the Term, the then-­‐current fees set forth in Section 6.1 and Section 6.3 may be adjusted, at ICANN’s discretion, by a percentage equal to the percentage change, if any, in (i) the Consumer Price Index for All Urban Consumers, U.S. City Average (1982-­‐1984 = 100) published by the United States Department of Labor, Bureau of Labor Statistics, or any successor index (the “CPI”) for the month which is one

  • Fixed Interest Rates Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of ARD loans and situations where default interest is imposed.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Interest Rate Adjustment The interest rate payable on the Notes shall be subject to adjustments from time to time if either Xxxxx’x Investors Service, Inc., or any successor thereto (“Moody’s”) or Standard & Poor’s Ratings Services, a division of XxXxxx-Xxxx, Inc., or any successor thereto (“S&P”) downgrades (or subsequently upgrades) the debt rating assigned to the Notes, as set forth below. If the rating from Moody’s of the Notes is decreased to a rating set forth in the immediately following table, the interest rate on the Notes shall increase from the interest rate payable on the Notes on the date of their issuance (the “Original Interest Rate”) by the percentage set forth opposite that rating: Rating Percentage Ba1 0.25 % Ba2 0.50 % Ba3 0.75 % B1 or below 1.00 % If the rating from S&P of the Notes is decreased to a rating set forth in the immediately following table, the interest rate on the Notes shall increase from the Original Interest Rate by the percentage set forth opposite that rating: Rating Percentage BB+ 0.25 % BB 0.50 % BB- 0.75 % B+ or below 1.00 % Notwithstanding the foregoing, if at any time the interest rate on the Notes has been adjusted upward and either Moody’s or S&P, as the case may be, subsequently increases its rating of the Notes to any of the threshold ratings set forth in the tables above, the interest rate on the Notes shall be decreased such that the interest rate for the Notes equals the Original Interest Rate plus the percentages set forth opposite the ratings from the tables above in effect immediately following the increase. If Moody’s subsequently increases its rating of the Notes to Baa3 or higher and S&P increases its rating to BBB- or higher the interest rate on the Notes shall be decreased to the Original Interest Rate. Each adjustment required by any decrease or increase in a rating set forth above, whether occasioned by the action of Moody’s or S&P, shall be made independent of any and all other adjustments. In no event shall (1) the interest rate for the Notes be reduced to below the Original Interest Rate or (2) the total increase in the interest rate on the Notes exceed 2.00% above the Original Interest Rate. If either Moody’s or S&P ceases to provide a rating of the Notes, any subsequent increase or decrease in the interest rate of the Notes necessitated by a reduction or increase in the rating by the agency continuing to provide the rating shall be twice the percentage set forth in the applicable table above. No adjustments in the interest rate of the Notes shall be made solely as a result of either Moody’s or S&P ceasing to provide a rating. If both Moody’s and S&P cease to provide a rating of the Notes, the interest rate on the Notes shall increase to, or remain at, as the case may be, 2.00% above the Original Interest Rate. Any interest rate increase or decrease described above shall take effect from the first day of the interest period during which a rating change requires an adjustment in the interest rate. The interest rate on the Notes shall permanently cease to be subject to any adjustment described above (notwithstanding any subsequent decrease in the ratings by either or both rating agencies) and, if applicable, shall be decreased to the Original Interest Rate, if the Notes become rated Baa2 and BBB or higher by Moody’s and S&P, respectively (or one of these ratings if only rated by one rating agency), with a stable or positive outlook by each of the rating agencies.

  • Applicable Interest Rates (a) U.S.

  • 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.

  • Interest Rates Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:

  • Determination of Interest Rate (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or Section 2.2.3(f).

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

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