Extended Term Rate definition

Extended Term Rate means a rate per annum equal to the greater of (i) the Initial Term Interest Rate plus two (2) percentage points or (ii) the Treasury Rate plus two (2) percentage points.
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Extended Term Rate means a rate per annum equal to (i) whenever clause (ii) below is not applicable, the Initial Term Interest Rate plus five (5) percentage points or (ii) for so long as the Note is an asset of a trust, partnership, corporation or other entity formed in connection with a Securitization (as defined in the Mortgage) pursuant to which securities rated by any Rating Agency (as defined in the Mortgage) have been issued, the Initial Term Interest Rate plus two (2) percentage points.
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Extended Term Rate has the meaning given to such term in Section 4.03(b) of the Note.
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Examples of Extended Term Rate in a sentence

  • From and after the Anticipated Repayment Date, interest shall accrue on the unpaid principal balance from time to time outstanding on this Note at the Extended Term Rate.

  • The term “Applicable Interest Rate” shall mean from (i) the date of this Note through but not including the Anticipated Repayment Date, the Initial Term Interest Rate, and (ii) from and after the Anticipated Repayment Date through and including the date this Note is paid in full, the Extended Term Rate.

  • The term "APPLICABLE INTEREST RATE" shall mean from (a) the date of this Note through but not including the Anticipated Repayment Date, the Initial Term Interest Rate, and (b) from and after the Anticipated Repayment Date through and including the date this Note is paid in full, the Extended Term Rate.

  • Interest accrued at the Extended Term Rate and not paid pursuant to this paragraph 1.07 shall be deferred and added to the Debt and shall earn interest at the Extended Term Rate to the extent permitted by applicable law (such accrued interest is hereinafter defined as "ACCRUED Interest").

  • Interest accrued at the Extended Term Rate and not paid pursuant to this paragraph 9 shall be deferred and added to the Wedgewood Debt and shall earn interest at the Extended Term Rate to the extent permitted by applicable law (such accrued interest is hereinafterdefined as “Accrued Interest”).

  • Interest accrued at the Extended Term Rate and not paid pursuant to this Section 3.02 shall be deferred and added to the outstanding principal balance of this Note (together with all accrued interest thereon) and shall earn interest at the Extended Term Rate to the extent permitted by applicable law (such accrued interest together with any interest accrued thereon is hereinafter defined as “ Accrued Interest”).

  • Interest accrued at the Extended Term Rate and not paid pursuant to this paragraph 9 shall be deferred and added to the Debt and shall earn interest at the Extended Term Rate to the extent permitted by applicable law (such accrued interest is hereinafter defined as "Accrued Interest").

  • Interest accrued at the Extended Term Rate and not paid pursuant to this paragraph 1.07 shall be deferred and added to the Debt and shall earn interest at the Extended Term Rate to the extent permitted by applicable law (such accrued interest is hereinafter defined as "ACCRUED INTEREST").

  • Interest accrued at the Extended Term Rate and not paid pursuant to this Section 3.02 shall be deferred and added to the outstanding principal balance of this Note (together with all accrued interest thereon) and shall earn interest at the Extended Term Rate to the extent permitted by applicable law (such accrued interest together with any interest accrued thereon is hereinafter defined as “Accrued Interest”).

  • The term "Applicable Interest Rate" shall mean from (a) the date of this Note through but not including the Anticipated Repayment Date, the Initial Term Interest Rate, and (b) from and after the Anticipated Repayment Date through and including the date this Note is paid in full, the Extended Term Rate.


More Definitions of Extended Term Rate

Extended Term Rate means a rate per annum equal to the greater of (i) the Initial Term Interest Rate plus five (5) percentage points or (ii) the Treasury Rate plus five (5) percentage points.
Sample 1
Extended Term Rate means (1) a rate per annum equal to the greater of (i) the Resized Interest Rate plus five (5) percentage points" or (ii) the Treasury Rate plus five (5) percentage points or (2) for so long as the Note is an asset of a trust, partnership, corporation or other entity formed in connection with a Securitization (as defined in the Deed of Trust) pursuant to which securities rated by any Rating Agency (as defined in the Deed of Trust) have been issued, a rate per annum equal to the Resized Interest Rate plus two (2) percentage points.
Sample 1
Extended Term Rate means a rate per annum equal to the greater of (i) the Initial Term Interest Rate plus three (3) percentage points or (ii) the Treasury Rate plus three (3) percentage points.
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Related to Extended Term Rate

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Term Rate means the per annum interest rate with respect to Bonds in the Term Rate Mode determined pursuant to Section 2.09.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Term Rate Period means any period of time during which a Group of 2021 Series A Variable Rate Bonds bears interest at the Term Rate.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Extended Term shall have the meaning set forth in Section 2.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing Incremental Term Loans made by such Lender, substantially in the form of Exhibit B-2.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Additional Term Lender means any Lender with an Additional Term Loan Commitment or an outstanding Additional Term Loan.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.