Cash Pay Interest Rate definition

Cash Pay Interest Rate means a rate per annum as set forth in the table below, which shall be calculated on an actual 360-day convention and be on each Payment Date in cash. ​ Payment Date: Cash Pay Interest Rate: From the Closing Date until the 6-month anniversary of the Closing Date: 4.000% From the 6-month anniversary of the Closing Date until the 12-month anniversary of the Closing Date: 4.125% From the 12-month anniversary of the Closing Date until the 18-month anniversary of the Closing Date: 4.250% From the 18-month anniversary of the Closing Date until the 24-month anniversary of the Closing Date: 4.375% From the 24-month anniversary of the Closing Date until the 30-month anniversary of the Closing Date: 4.500% From the 30-month anniversary of the Closing Date until the 36-month anniversary of the Closing Date: 4.625% ​ ​ ​ ​ From the 36-month anniversary of the Closing Date until the 42-month anniversary of the Closing Date: 4.750% From the 42-month anniversary of the Closing Date until the 48-month anniversary of the Closing Date: 4.875% From the 48-month anniversary of the Closing Date until the 54-month anniversary of the Closing Date: 5.000% From the 54-month anniversary of the Closing Date until the 60-month anniversary of the Closing Date: 5.125% During the Initial Extension Period: 5.750% During the Additional Extension Period: 6.000% ​
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Cash Pay Interest Rate means 4.875% per annum, which shall be calculated on an actual 360-day convention and be on each Payment Date in cash.
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Cash Pay Interest Rate means 6.00 per cent. per annum.
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Examples of Cash Pay Interest Rate in a sentence

  • The interest payable at the Cash Pay Interest Rate, if applicable, shall be payable in arrears commencing on December 31, 2023 (the “First Payment Date”), on each Payment Date thereafter and upon the Maturity Date (the “Cash Pay Interest”).

  • The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until the date such Advance has been paid in full at (x) at the All PIK Interest Rate, or (y) at the Borrower’s election with the prior written consent of each Lender, at the Cash Pay Interest Rate and the PIK Interest Rate (collectively, and as applicable, the “Aggregate Interest Rate”), in each case as set forth in this Section 2.07.


More Definitions of Cash Pay Interest Rate

Cash Pay Interest Rate means a rate per annum equal to zero percent (0%) through August 13, 2015, two percent (2%) from August 14, 2015 through August 13, 2016 and twelve percent (12%) from August 14, 2016 until the payment of the Note in full.
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Cash Pay Interest Rate means 4.50 per cent. per annum.
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Cash Pay Interest Rate means: (i) the Base Rate plus 3.5% per annum and (ii) the LIBOR Rate plus 4.5% per annum.
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Cash Pay Interest Rate means a rate per annum as set forth in the table below, which shall be calculated on an actual 360-day convention and be on each Payment Date in cash. 5 26203076.0000000000.8 Payment Date: Cash Pay Interest Rate: From the Closing Date until the 6-month anniversary of the Closing Date: 4.000% From the 6-month anniversary of the Closing Date until the 12-month anniversary of the Closing Date: 4.125% From the 12-month anniversary of the Closing Date until the 18-month anniversary of the Closing Date: 4.250% From the 18-month anniversary of the Closing Date until the 24-month anniversary of the Closing Date: 4.375% From the 24-month anniversary of the Closing Date until the 30-month anniversary of the Closing Date: 4.500% From the 30-month anniversary of the Closing Date until the 36-month anniversary of the Closing Date: 4.625% From the 36-month anniversary of the Closing Date until the 42-month anniversary of the Closing Date: 4.750% From the 42-month anniversary of the Closing ​ ​ ​ ​
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Cash Pay Interest Rate means, the Interest Rate minus the PIK Interest Rate.
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Related to Cash Pay Interest Rate

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).