Examples of Fixed Interest Rate in a sentence
The Borrower shall provide notification, signed by a Borrower Authorised Signatory, to the Agent on the date of this Agreement specifying which of the Fixed Interest Rate or the Floating Interest Rate shall be applicable to all Loans until the date of payment of the final Repayment Instalment of each Loan.
For the avoidance of doubt, the Borrower acknowledges that no provision in this Agreement is intended to grant any discretion to the Borrower to switch from the Fixed Interest Rate to the Floating Interest Rate or from the Floating Interest Rate to the Fixed Interest Rate in respect of any Loan.
The adoption of ASU No. 2014-02 resulted in a $4,642 22 and $2,056 reduction to goodwill in 2014 and 2013, respectively, with an offsetting amount recorded to amortization expense.In January 2014, the FASB issued ASU No. 2014-03, Derivatives and Hedging (Topic 815): Accounting for Certain Receive Variable, Pay Fixed Interest Rate Swaps – Simplified Hedge Accounting Approach (a consensus of the Private Company Council).