Applicable Rate of Interest. The Applicable Rate of interest for the facility granted/ to be granted to the Borrower is as follows: Sl. No. Nature of the limit ……… month(s) MCLR Reset period Spread Effective Rate of Interest (C + E) Rest Remarks, if any. (A) (B) (C) (D) (E) (F) (G) (H)
Applicable Rate of Interest. The Applicable Rate of interest for the facility granted/ to be granted to the Borrower is as follows: BASE RATE SPREAD EFFECTIVE RATE OF INTEREST (A + B) Rest (A) (B) (C) (D) OR Interest @ % p.a. (fixed) with monthly rests with liberty and discretion to the Bank to reset the rate of interest on any dayafter every months from the date of this agreement or from the date of previous interest rate reset date, as the case may be. SCHEDULE - III SPECIAL CONDITIONS
Applicable Rate of Interest. (1) The applicable rate of interest shall be the base interest rate specified in paragraph (2) below on the day two bank business days prior to the date of loan or the date of review of the interest rate plus annual rate of 1.400%, and the rate shall be calculated on the prorated daily basis assuming 365-day a year.
Applicable Rate of Interest. No FFELP Loan carries a rate of interest less than, or in excess of, the applicable rate of interest required by the Higher Education Act. [If the Higher Education Act permits the Seller to charge an interest rate less than the applicable rate of interest, no FFELP Loan acquired hereunder bears interest at a rate lower than the applicable rate of interest; provided, however, that the Purchaser may approve, in its sole discretion, in writing, interest reductions which are part of a borrower repayment incentive program of the Seller, the terms of which have been fully described in detail and in writing to the Purchaser].
Applicable Rate of Interest. The Applicable Rate of interest for the facility granted/ to be granted to the Borrower is as follows: Sl. No. Nature of the limit ……… month(s) MCLR Reset period Spread Effective Rate of Interest (C + E) Rest Remarks, if any. (A) (B) (C) (D) (E) (F) (G) (H) 1 Doctors Credit (Term Loan) 2 Doctors Credit (OD) Prepayment / Pre-closure Charges The Borrower agrees that Bank is entitled to charge pre-payment/ pre-closure charges as mentioned herein below:- SCHEDULE – III SPECIAL CONDITIONS
Applicable Rate of Interest. (a) From and after the date of this Agreement, and except as otherwise provided in this Section 7, interest shall accrue (i) on the principal amount of the Revolver Obligations outstanding from time to time at a variable rate per annum equal to the Adjusted Monthly LIBOR Index Rate (adjusted on the first LIBOR Business Day of each LIBOR period) plus 200 basis points, all as more fully set forth in the Credit Agreement, and (ii) on the unpaid principal balance of the Term Loan Obligations outstanding at the rate of 5-1/2% per annum, calculated and paid in accordance with the terms of the Term Note.
Applicable Rate of Interest. (a) From October 6, 2005, through and including October 31, 2005, interest shall accrue on the unpaid principal balance of the Obligations outstanding at the rate of five and one-half percent (5.5%) per annum, calculated and paid in accordance with the terms of the Term Note.
Applicable Rate of Interest. (a) From and after the date of this Agreement, and except as otherwise provided in this Section 8, interest shall accrue on the unpaid principal balance of the Obligations outstanding at the rate of 5-1/2% per annum, calculated and paid in accordance with the terms of the Term Note.
Applicable Rate of Interest. The Applicable Rate of interest for the facility granted/ to be granted to the Borrower is as follows: Sl. No. Nature of the limit Rate of Interest Rest Remarks, if any. (A) (B) (C) (D) (E)
