Loan Pricing Sample Clauses
The Loan Pricing clause defines how the interest rate and associated fees for a loan are determined and applied. Typically, this clause outlines the base rate (such as a benchmark rate or lender’s prime rate), any applicable margins, and the frequency of rate adjustments. It may also specify additional costs like commitment fees or penalties for late payments. The core function of this clause is to ensure transparency and predictability in the cost of borrowing, helping both lender and borrower understand the financial terms and manage risk.
Loan Pricing. Effective on the Effective Date, section 2.8(g) of the Credit Agreement is amended and restated in its entirety to read as follows, and the revisions reflected below shall be fully applicable to any Eurocurrency Loans outstanding on and after the Effective Date (with any Eurocurrency Loans which are outstanding on the Effective Date continuing to bear interest at the rate or rates in effect prior to the Effective Date of this Amendment for any period up to but excluding the Effective Date of this Amendment): 3.
Loan Pricing. Prior to [* * *], Cendant shall provide to each Correspondent Lender by facsimile or otherwise in writing the “Correspondent Lending Program Daily Pricing Matrix” for Loans. Mortgage Loan Pricing for Cendant Loans shall be determined by Cendant in its sole discretion. Mortgage Loan Pricing for Portfolio Loans shall be determined by MLCC in its sole discretion and provided to Cendant prior [* * *].
Loan Pricing. During the first year after the Closing Date, Buyer agrees to consult with the Company regarding any changes to the Company’s loan pricing margins and no such changes shall be made without the mutual agreement of Buyer and the Company.
Loan Pricing. The agency operates a transparent pricing structure. It will charge local authorities the interest the agency pays to obtain the funds it on-lends, plus transaction costs, plus a margin to cover its costs. This margin is 1 Certain county fire authorities may have the general power of competence, but the Agency has not sought legal opinion concerning fire authorities. currently set at an annualised 0.05%, which will be reduced for new and existing borrowers as the Agency’s finances are strengthened. The agency may adjust these margins for new borrowing transactions at its discretion, although it is expected that these margins will reduce once the agency is profitable. Transactions costs include the agency’s credit rating agency fees, bank syndicate fees and legal costs. The council has the option to amortise these over the life of the loan or to expense them at the time of borrowing. The UKMBA has two bonds in issue at this time, both issued to fund loans to Lancashire County Council. Both of the bonds trade at yields that are considerably below the interest rates offered by the PWLB, thereby proving the agency’s business case that it can deliver loans that are cheaper than the PWLB: • The 5-year bond is currently priced at 0.55 per cent over Gilts, which is 0.25 per cent below the PWLB certainty rate of 0.8 per cent over Gilts. • The 40-year bond is currently priced at 0.71 per cent over Gilts, which is 0.09 per cent below the PWLB certainty rate. As at 31 August 2021, the agency was quoting the following loan rates: 5-yr 0.54 1.04 0.08 10-yr 0.62 1.41 0.05 25-yr 0.67 1.78 0.06 45-yr 0.76 1.63 0.02 5-yr 0.51 1.01 0.11 10-yr 0.59 1.38 0.08 25-yr 0.64 1.75 0.09 45-yr 0.73 1.60 0.05 The Aaency will not require local authorities to borrow at a rate that is higher than the PWLB, thus when borrowing via the agency the council should always achieve a saving. Over time, the rates offered by the agency are likely to improve as its bonds programme develops and it is able to borrow from international institutions such as the EIB. The agency will pass on the cost of early repayment by a local authority (usually referred to as prepayment in financial services) to that local authority. However, the agency will not profit from the transaction and will assist any local authority seeking early repayment to find the cheapest solution. Prepayment rights will track through between the loans to local authorities and the Aaency’s financing. For bond issues, voluntary prepayment...
Loan Pricing. Prior to [* * *], Cendant shall provide to each Mortgage Broker by facsimile or otherwise in writing an interest rate sheet containing the Mortgage Loan Pricing for Loans. Mortgage Loan Pricing for Cendant Loans shall be determined by Cendant in its sole discretion. Mortgage Loan Pricing for Portfolio Loans shall be determined by MLCC in its sole discretion and provided to Cendant prior to [* * *].
Loan Pricing