Collateral Interest Rate definition

Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties.
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Collateral Interest Rate means the Federal Funds overnight rate as specified in the Federal Reserve Statistical Report (H.
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Collateral Interest Rate means the daily effective federal funds rate as published in the applicable statistical release designated as H.12(510), or any successor publication by the Board of Governors of the Federal Reserve System. If such rate is expressed as a range, the Collateral Interest Rate shall equal the arithmetic average of such range.
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Examples of Collateral Interest Rate in a sentence

  • In lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Performance Assurance, Buyer will transfer to Seller on the third (3rd) Business Day of each calendar month interest (at the Collateral Interest Rate as defined below) on the Performance Assurance held in the prior month.

  • A late payment charge shall accrue on any late payment or refund as specified above at the lesser of (a) the Collateral Interest Rate plus one percent (1%), and (b) the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties (the “Late Payment Rate”).

  • Interest on Performance Assurance in the form of cash shall accrue to Party B at the Collateral Interest Rate and shall be calculated for the actual number of days elapsed and on the basis of a year of 360 days.

  • The amount of monthly interest distributable from the Collection Account with respect to the Collateral Interest (the "Collateral Interest Monthly Interest Payment") on any Distribution Date shall be equal to (ii) the product of (A) the Collateral Interest Rate, (B) a fraction the numerator of which is the actual number of days in the Related Monthly Period and the denominator of which is 360, and (C) the Average Collateral Interest during the Related Monthly Period.

  • Promptly after the end of each Monthly Period, the Funding Agent will give facsimile notice to the Master Servicer, the Trustee and the Collateral Interest Holder of the Class A Certificate Rate and the Collateral Interest Rate applicable for such Monthly Period.


More Definitions of Collateral Interest Rate

Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties. [NATIONAL GRID VERSION]
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Collateral Interest Rate means the rate designated as such in the Collateral Agreement; provided, however, that the Collateral Interest Rate with respect to any Monthly Period shall not exceed LIBOR for such Monthly Period plus 1%.
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Collateral Interest Rate means the rate designated as such in the Transfer and Administration Agreement; provided, however, that the Collateral Interest Rate with respect to any Monthly Period shall not exceed 8.00% per annum.
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Collateral Interest Rate means, with respect to any Interest ------------------------ Accrual Period, a per annum rate equal to LIBOR for such Interest Accrual Period plus % provided, however, with respect to the first Interest ------ Accrual Period, the Collateral Interest Rate will be equal to %. ---
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Collateral Interest Rate on any day shall mean the rate opposite the caption “Federal Funds (effective)” for such day as published by the Federal Reserve Publication H.15
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Collateral Interest Rate means 0.00%.
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Related to Collateral Interest Rate

  • Collateral Interest means a fractional undivided interest in the Trust which shall consist of the right to receive, (i) to the extent necessary to make the required payments to the Collateral Interest Holder under this Supplement, the portion of Collections allocable thereto under the Agreement and this Supplement and funds on deposit in the Collection Account allocable thereto pursuant to the Agreement and this Supplement and (ii) amounts available for payment to the Collateral Interest Holder pursuant to subsections 4.07(k), 4.12(e), 4.12(f), 8.01(b), 8.02(a) and 8.02(b) or any other provision of this Supplement.

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.