Fixed Rate Lock definition
Examples of Fixed Rate Lock in a sentence
If a Fixed Rate Lock is terminated as provided in this subparagraph, NAI shall have no right to require BNPPLC to enter into another Interest Rate Swap in order to establish a new fixed rate.
NAI must reimburse to BNPPLC any Fixed Rate Settlement Amount charged to BNPPLC in connection with such a termination, and if the termination is a complete, rather than a partial, termination of the Fixed Rate Swap then in effect, it will for purposes of this Lease constitute a termination of the Fixed Rate Lock itself.
As contemplated in the conditions set forth in subparagraph 3(B)(4) of the Lease, such Fixed Rate Lock Date is the first Business Day of a calendar month which falls after the projected Base Rent Commencement Date; such Fixed Rate Lock Date does not fall prior to the end of any Base Rent Period which has commenced or will commence before BNPPLC receives this notice; and NAI expects BNPPLC to receive this notice more than ten days prior to such Fixed Rate Lock Date.
By this letter, which is given pursuant to subparagraph 3(B)(4) of the Lease, NAI requests that BNPPLC promptly establish a Fixed Rate for a notional amount equal to the Lease Balance as of the date of this letter for use in the calculation of the Effective Rate for all Base Rent Periods commencing on or after the following Fixed Rate Lock Date: , 20___.
BNPPLC will be entitled to disregard this notice if the conditions to a Fixed Rate Lock, as specified in subparagraph 3(B)(4) of the Lease, have not been satisfied.
A Fixed Rate Lock fee of 0.15% of the total amount financed applies and is payable regardless of whether the interest rate at the time of settlement has increased or decreased.
The Fixed Rate Lock commences from the date of the application and is locked in for 90 days from the date of application.
The amount of the fee will be set out in the Fixed Rate Lock Option Agreement.Investigation feeWhen you ask us to investigate something about your home loan.$60 per hour.
In March FONDESO began the process to obtain federal resources for the continuation of Atrevete through the INADEM’s Entrepreneurship Fund.
The Interest Rate, Margin and Annual Interest Rate may change before the Date of Availability if you have not “locked” your Fixed Interest Rate by entering into a Fixed Rate Lock Agreement (“FRL Agreement”) with us.