Effective Interest Rate definition

Effective Interest Rate means the total interest rate established by Ecology that includes the Administrative Charge. “Estimated Loan Amount” means the initial amount of funds loaned to the RECIPIENT.

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Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

Effective Interest Rate means, with respect to any Financed Student Loan, the interest rate per annum payable by the borrower as of the last day of the calendar quarter borne by such Financed Student Loan after giving effect to any reduction in such interest rate pursuant to borrower incentives, (a) less all accrued rebate fees on such Financed Student Loan constituting Consolidation Loans paid during such calendar quarter expressed as a percentage per annum; and (b) plus all accrued Interest Benefit Payments and Special Allowance Payments applicable to such Financed Student Loan during such calendar quarter expressed as a percentage per annum.

Examples of Effective Interest Rate in a sentence

• To the extent that any such payment due hereunder is not paid when due, interest shall accrue on such unpaid amounts at a rate equal to the Effective Interest Rate.

• The Effective Interest Rate charged will change from time to time as your personal risk profile changes.

• The Effective Interest Rate means the total cost of the loan, presented as an annual rate of the total value of the loan, through which the discounted cash inflows must equal the discounted cash outflows.

• The Borrower agrees and is aware that the execution of this agreement may also have expenses which may be applied either by the Lender or by different institutions, and as such are not included in the overall cost of the loan, or in the Effective Interest Rate - NEI.

• For the avoidance of doubt, the Effective Interest Rate for purposes of this Agreement of each series of fixed-rate long-term debt outstanding as of the date of this Agreement is set forth on Exhibit A hereto.

More Definitions of Effective Interest Rate

Effective Interest Rate means the "prime rate" announced by Citibank, N.A., from time to time, plus 2%.

Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of SECTION 3.1(A), (B) and (C).

Effective Interest Rate means the total interest rate established by Ecology that includes the Administrative Charge.

Effective Interest Rate means, for any Financed Student Loan and any Collection Period, the per annum rate at which such Financed Student Loan accrues interest during such Collection Period, and in the case of a Federal Loan, after giving effect to all applicable Interest Subsidy Payments and Special Allowance Payments due with respect to such Federal Loan.

Effective Interest Rate means the variable interest rate based on the Contract Rate, less any interest, which we may waive our right to having regard to your personal risk profile, which we may change from time to time;

Effective Interest Rate means, with respect to any Financed Eligible Loan, the interest rate per annum payable by the borrower as of the last day of the calendar quarter borne by such Financed Eligible Loan after giving effect to any reduction in such interest rate pursuant to borrower incentives, (a) less all accrued rebate fees on such Financed Eligible Loan constituting Consolidation Loans paid during such calendar quarter expressed as a percentage per annum and (b) plus all accrued Interest Benefit Payments and Special Allowance Payments applicable to such Financed Eligible Loan during such calendar quarter expressed as a percentage per annum.

Effective Interest Rate means, with respect to any Financed Student Loan, the interest rate per annum borne by such Financed Student Loan after giving effect to all applicable interest subsidy payments, Special Allowance Payments, rebate fees on Consolidation Loans and reductions pursuant to borrower incentives. For this purpose, the Special Allowance Payment rate shall be computed based upon the average of the bond equivalent rates of 91-day United States Treasury Bills, or other appropriate rates, auctioned or otherwise determined during that portion of the then current calendar quarter which ends on the date as of which the "Effective Interest Rate" is determined.