Examples of Excess Interest Rate in a sentence
For any Qualified Substitute Mortgage Loan and Distribution Date, the product of (x) the Stated Principal Balance, as of the second preceding Due Date after giving effect to scheduled payments for that Due Date, whether or not received, of such Mortgage Loan and (y) the Qualified Substitute Mortgage Loan Excess Interest Rate for such Mortgage Loan and Distribution Date.
CURRENT INTEREST RATE The sum of the Subsequent Guarantee Rate and the Excess Interest Rate declared by Us for any Guarantee Period.
We can change the Arranged Excess Interest Rate, during the period that any Arranged Excess has been granted, as set out in Clauses 13.3(f) and (g).
Amounts allocated to the Fixed Account for any Guaranteed Period will be credited with interest at the Subsequent Guarantee Rate, and in addition, an Excess Interest Rate which we may declare at Our discretion.
Unless the Borrower has made other arrangements with us, we will automatically debit the operating account of the Borrower for all fees payable with respect to L/Cs. Any Overdraft in the operating account in excess of any Credit Limit attached to the operating account will bear interest at the Excess Interest Rate.