Buy-Down Rate definition

Buy-Down Rate means a financing rate which, as a result of the dealer's advance payment of finance charges to a third party, is below the prevailing market financing rate.
View Source
Buy-Down Rate means 0.65 percent (65 basis points) per annum.
View Source
Buy-Down Rate means a rate per annum equal to [***]%.
View Source

Examples of Buy-Down Rate in a sentence

  • The Agent shall (until otherwise notified by the Borrower and Buy-Down Lender to the contrary) accrue interest on such Fed Funds Loans at the Buy-Down Rate and such Swingline Loans at the Swingline Buy-Down Rate and the Borrower shall pay such interest in accordance with Section 2.17.

  • In no event shall the Lead Administrative Agent have any obligation or duty to verify the amount of any Buy-Down Deposits supporting the pricing of Buy-Down Rate Loans held by any Buy-Down Lender or the amount of any interest billing with respect thereto.

  • Interest payable to such Buy-Down Lender with respect to Buy-Down Rate Loans shall be billed as provided in Paragraph 5(d) below.

  • In the event Lender is holding Buy-Down Deposits and no Potential Default or Event of Default has occurred, the interest rate on Advances made by Lender may be reduced to the Buy-Down Rate for such portion of the Advances which is less than or equal to the amount of the Available Buy-Down Deposits (such portion of the Advances being referred to herein as a "Buy-Down Advances").

  • In the event that the Company does maintain the required amounts of Buy-Down Deposits with such Lender hereunder during any monthly period, the Company shall pay to such Lender interest at the Buy-Down Rate with respect to an aggregate principal amount of Loans outstanding advanced by such Lender during such monthly period equal to the aggregate daily average balance of Buy-Down Deposits maintained with such Lender during such monthly period.

  • In the event that the Company is permitted to maintain the required amounts of Buy- Down Deposits with the Tranche C Lender hereunder during any monthly period, the Company shall pay to the Tranche C Lender interest at the Buy-Down Rate with respect to an aggregate principal amount of Tranche C Loans outstanding during such monthly period equal to the aggregate daily average balance of Buy-Down Deposits maintained with the Tranche C Lender during such monthly period.

  • The Agent shall (until otherwise notified by the Borrower and Buy-Down Lender to the contrary) accrue interest on such Loans at the Buy-Down Rate and the Borrower shall pay such interest in accordance with Section 2.14.

  • The Agent shall (until otherwise notified by the Borrower and Buy- Down Lender to the contrary) accrue interest on such Fed Funds Loans at the Buy-Down Rate and the Borrower shall pay such interest in accordance with Section 2.18.

  • The Administrative Agent, in rendering any interest billing relating to Loans, shall have no obligation to verify the amount of any Buy-Down Deposits supporting the pricing of Loans made and/or maintained at the Buy-Down Rate.

  • Interest accruing on Loans which are ------------------- made and/or maintained at the Applicable Federal Funds Rate and/or the Buy-Down Rate shall be payable monthly, in arrears, as provided in Paragraph 3(d) below.


More Definitions of Buy-Down Rate

Buy-Down Rate means one and one-quarter percent (1.25%) per annum.
View Source
Buy-Down Rate means as to any Tranche B Loan or Tranche C Loan, ------------- such rate per annum as the Company and the Lender which agreed to advance such Tranche B Loan or Tranche C Loan shall have agreed.
View Source
Buy-Down Rate means 125 basis points (1.25%) per annum or such ------------- other rate as may be agreed to in the Buy-Down Letter.
View Source
Buy-Down Rate means those hourly rates set out in the DR3 Contract Schedule, which are used to calculate the amount that a Contributor must pay to the OPA to exercise either a Buy-Down of the Monthly Contracted MW, or a Buy-Down of the Daily Schedules.
View Source
Buy-Down Rate means, with respect to a Buy Down Loan, a per annum rate of interest equal to the sum of (i) one eighth of one percent (0.125%) plus (ii) the Applicable Margin.
View Source
Buy-Down Rate means such interest rate as a Buy-Down Lender and the Company may agree in writing from time to time.
View Source

Related to Buy-Down Rate

  • Step-Down Amount means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of (i) the Pool Balance minus (ii) the Pro Forma Note Balance, to an amount less than 0.50% of the initial aggregate principal balance of the Receivables.

  • Step-Down Date The later to occur of:

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).