Contractual Interest Rate definition

Contractual Interest Rate means a fixed rate of * % per annum, calculated based upon a 365 day year.
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Contractual Interest Rate as defined in Section 6.2.
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Contractual Interest Rate has the meaning ascribed to it in the Framework Agreement, that is the London Interbank Offered Rate (LIBOR) for three (3)-month US Dollar deposits plus three percent (3%).
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Examples of Contractual Interest Rate in a sentence

  • Default / Delay Interest Rate (Annual) % It shall be calculated at a rate which is 30% above the Annual Contractual Interest Rate.

  • Any delay in payment shall automatically entail the application of a per diem late-payment penalty based on the Contractual Interest Rate, the commencement date for application of the penalty being the date on which payment of the public domain occupancy fee is due to the Concession Grantor.

  • Annual Contractual Interest Rate % It is the annual interest rate stipulated in the Agreement and which constitutes the basis for drawing up the repayment schedule and which is calculated by taking into account the advance interest amount as well if any.

  • In case of failure to pay the said yearly public domain occupancy fee within the aforesaid period, the amount of the public domain occupancy fee owed shall be increased by late-payment interest based on the Contractual Interest Rate, until full payment thereof.

  • Financial Liabilities:-Trade and other Contractual Interest Rate% Carrying Amount RM’000Contractual Undiscounted Cash Flow RM’000 Within 1 year RM’000 1 to 5 years RM’000payablesCompanyFinancial Liability:-Other payables - 73 73 73 -Total undiscountedfinancial liability 73 73 73 - 29.

  • Effective Annual Interest Rate (Annual Cost Rate) % It is composed of calculation, as an annual percentage rate, of the total cost of the loan by including the Annual Contractual Interest Rate, Credit Allocation Fee (if any), and the Insurance Premium Amount (if any).

  • Interest shall be computed based on the Contractual Interest Rate.

  • Any delay in payment shall automatically entail the application of a per diem late-payment penalty retard based on the Contractual Interest Rate, the commencement date for application of the penalty being the date on which payment shall be received by the Concession Grantor.

  • Thus, looking at all the aforesaid observations, the FAR has observed that when principle of substance over form is applied to some of the transactions of the Company, the transactions are misleading in substance even if they may not appear so in form.

  • Regulation 32(1) of the Electricity Safety Regulations 2010 requires that every person supplying a line function service to any consumer shall provide to that consumer a service protective device of appropriate rating to provide protection against short circuits or earth faults on mains, while AS/NZS3000:2007 requires that the maximum current in a cable must not exceed the current rating of the conductor.


More Definitions of Contractual Interest Rate

Contractual Interest Rate means 1.5% per annum. 3.10 The costs of the Sellers' review of the Closing Accounts shall be borne by the Sellers. Any costs of the Purchaser or the Company in connection with the Closing Accounts shall be borne (eco-
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Contractual Interest Rate means the interest rate provided in each Lease Contract.
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Contractual Interest Rate means the interest rate included in consumer credit agreement,
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Contractual Interest Rate means the interest rate which is stipulated in the credit agreement for consumers and constitutes the basis for the preparation of a payment schedule and is calculated by considering the advance interest rate, if any, paid by the consumer,,
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Contractual Interest Rate. Interest payable under any provision of this Agreement shall be calculated on the basis of actual days elapsed divided by 360.
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Contractual Interest Rate means the interest rate provided in each Lease Contract. "Corporate Services Agreement" means the corporate services agreement executed beforethe Issue Date between the Issuer and the Corporate Services Provider, as from time to time modified in accordance with the provisions therein contained and including any agreement or other document expressed to be supplemental thereto.
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Related to Contractual Interest Rate

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Initial Interest Rate means, as of any date of determination, (a) with respect to each A Note, the Initial Note A Interest Rate and (b) with respect to each B Note, the Initial Note B Interest Rate.

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

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its "prime rate." If a Citibank, N.A. prime rate is not available, the applicable prime rate shall be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid. "Contract Price" means the applicable price, expressed in $/MWh for Net Output and Capacity Rights stated in Section 5.1.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • 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.

  • Capped Interest Rate is defined in the Note, if applicable.

  • Interest Rate Cap Payment (a) With respect to the Class A-2, Class A-3 and Class A-4 Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 35 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class A-2, Class A-3 and Class A-4 Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Cap Agreement for such Distribution Date, calculated on an "actual/360" basis, (ii) the applicable Class A-2 and Class A-3 notional amount set forth on Schedule A to the Class A-2, Class A-3 and Class A-4 Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Cap Agreement; (b) with respect to the Class M Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class M Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class M notional amount set forth on Schedule A to the Class M Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Cap Agreement; and (c) with respect to the Class B Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class B Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class B notional amount set forth on Schedule A to the Class B Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Cap Agreement.

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

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

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Actual Interest Amount is defined in Section 3.1(b)(vii) of this Agreement.

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

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

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Optimal Interest Remittance Amount With respect to any Distribution Date, an amount equal to the excess of (i) the product of (1) (x) the weighted average Net Mortgage Rate of the Group 1 Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (2) the Aggregate Loan Group Balance for the immediately preceding Distribution Date, over (ii) any expenses that reduce the Interest Remittance Amount which did not arise as a result of a default or delinquency of the Group 1 Mortgage Loans or were not taken into account in computing the Expense Fee Rate.

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • 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).

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • 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.

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Interest Rate Cap means a Cap.

  • Interest Rate Contracts means all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and interest rate insurance.

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