Fixed Rate Component definition

Fixed Rate Component means the Fixed Rate Note.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Fixed Rate Component shall have the meaning assigned to such term in the Mortgage Loan Agreement.

Fixed Rate Component means, individually and/or collectively, as the context may require, Component FXA, Component FXB, Component FXC, Component FXD, Component FXE, Component FXF and Component FXG.

Examples of Fixed Rate Component in a sentence

• For the purposes of computing interest payable from time to time on the principal amount of the Loan and certain other computations set forth herein, the principal balance of the Floating Rate Component shall be divided into Components FLA-1 through FLG and the principal balance of the Fixed Rate Component shall be divided into Components FXA through FXG.

• The Borrower shall designate which part of the original balance of this Note be allocated to bear interest at a Fixed Rate (the "Fixed Rate Component"), and which part at a Fluctuating Rate (the "Fluctuating Rate Component").

• On the Maturity Date, interest on the outstanding principal balance of each Fixed Rate Component of the Note shall be payable at the Fixed Interest Rate or the Default Rate applicable to each Fixed Rate Component and interest on the outstanding principal balance of the Floating Rate Component of the Note shall be payable at the Floating Interest Rate or the Default Rate applicable to the Floating Rate Component, as the case may be, through and including the end of the applicable Interest Accrual Period.

• If Borrower prepays any Fixed Rate Component of the Loan on a date other than a Payment Date, Borrower shall pay Lender, in addition to the Indebtedness, all interest which would have accrued on the amount of such Fixed Rate Component through but excluding the Payment Date next occurring following the date of such prepayment.

• Debtor acknowledges that (i) Bank provides for a Fixed Rate upon the understanding that it apply to the Fixed Rate Component for the entire Interest Period, and (ii) Bank would not lend to Debtor without Debtor's express agreement to pay Bank the Interest Rate Adjustment Premium described above.

• Interest on each Fixed Rate Component of the Note shall accrue throughout the term of the Loan at the Fixed Interest Rate and interest on the Floating Rate Component of the Note shall accrue throughout the term of the Loan at the Floating Interest Rate, subject in each case to Section 2.2.6.

• In the event of partial prepayment, such prepayments shall be applied to principal payments in sequential order, beginning with the next maturing Fixed Rate Component and ending with the last Maturing Fixed Rate Component.

• Except as otherwise provided in this Agreement, Borrower shall not have the right to prepay any Fixed Rate Component in whole or in part prior to the Stated Maturity Date.

More Definitions of Fixed Rate Component

Fixed Rate Component means any component of the moneys owing in respect of which we have agreed that the interest rate is fixed for an agreed period for the whole or part of the unpaid balance of that component.

Fixed Rate Component means any one of the foregoing.

Fixed Rate Component means the portion of the Loan evidenced by or relating to the Fixed Rate Note.

Fixed Rate Component means amounts outstanding under this Note that bear interest at a Fixed Rate.

Fixed Rate Component means, individually or collectively as the context requires, each of Component A-1, Component A-2-FX, Component B, Component C and Component D.