Applicable Rate of Interest means, with respect to each subclass of Notes, as of any date of determination thereof, the interest rate set forth in or determined in accordance with the terms of such subclass of Notes.

Applicable Rate of Interest means the fixed rate of interest applicable to the Loan, as mentioned in the Loan Documents.

Applicable Rate of Interest means the rate corresponding to the Base Rate plus the Margin.

Examples of Applicable Rate of Interest in a sentence

Applicable Rate of Interest (on monthly reducing balance) and Processing Fee will be levied in case of Merchant EMI transactions.
The Borrower shall pay to the Lender, interest on the principal amount of the Loan outstanding from time to time at a rate equal to the Applicable Rate of Interest as mentioned in the Loan Documents.
Interest at the Applicable Rate of Interest shall accrue on any subclass of the Floating Rate Notes from the relevant Closing Date and shall be computed for each Interest Accrual Period on the basis of a 360-day year and the actual number of days elapsed in such Interest Accrual Period on the Outstanding Principal Balance of such Notes on the first day of such Interest Accrual Period.
Any amount of interest on any subclass of Notes not paid when due shall, to the fullest extent permitted by applicable law, bear interest at an interest rate per annum equal to the Applicable Rate of Interest for such Notes from the date when due until such amount is paid or duly provided for, payable on the next succeeding Payment Date, subject to the availability of the Available Collections therefor in accordance with the priority of payments under Section 3.09.
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.

More Definitions of Applicable Rate of Interest

Applicable Rate of Interest means, for any day, the sum of (a) the Adjusted LIBO Rate for the Interest Period in effect for the Loans at such time plus (b) the Applicable Margin.

Applicable Rate of Interest means the rate of interest designated in accordance with Section 3.2 hereof.

Applicable Rate of Interest means the Fixed Rate of Interest or the Floating Rate of Interest or Fixed cum Floating Rate of Interest applicable to the Loan and as stated in the Schedule hereto.

Applicable Rate of Interest means, as of any date, 120% of the then applicable Federal rate of interest pursuant to the Internal Revenue Code. The Federal short term rate of interest shall be the interest component applicable to deferred Fees from the date of deferral until the date of investment in Plan Units under the Stock Plan. The Federal medium term rate of interest shall apply to distributions in annual installments deferred after Termination pursuant to the Stock Plan.

Applicable Rate of Interest means, with respect to the Notes, as of any date of determination thereof, the interest rate set forth in or determined in accordance with the terms of the Notes.

Applicable Rate of Interest means the Interest Rate applicable on the Loan at any given point of time ,