Flex Rate definition

Flex Rate shall have the meaning assigned in Section 9.1 hereof.
View Source
Flex Rate. Notwithstanding anything else in this Agreement to the contrary, if at any time no Swap Agreement is in effect, or if on any Certificate Interest Payment Date the Trustee has not received any Swap Payment, Certificateholders shall be entitled to receive distributions of Interest from payments of Guaranteed Interest on the Notes calculated at the Fixed Rate on the Notes less the Servicer Spread, on each June 15 and December 15 (or if such day is not a Business Day, the next succeeding Business Day).
View Source

Examples of Flex Rate in a sentence

  • Your Flex Rate CD Account will mature on the date set forth on the face of the CD.

  • Flex Rate CDs will have a term of two (2) years or four (4) years.

  • The Borrower shall give the Agent irrevocable prior written notice in the form of a Borrowing Request (a) not later than 1:00 p.m. on the day a Borrowing of a Base Rate Loan or LIBOR Flex Rate Loan is to be made and (b) at least three (3) Business Days prior to the date that a LIBOR Loan is to be made.

  • Each Borrowing Request shall be (i) in the case of Base Rate Loans or LIBOR Flex Rate Loans, in a minimum amount of $100,000 and any integral multiple of $100,000 in excess thereof, and (ii) in the case of LIBOR Loans, in a minimum amount of $1,000,000 and any integral multiple of $500,000 in excess thereof, or, in either case, in the unused amount of the Commitment.

  • A fluctuating rate of interest applicable to Swing Line Loans and equal to LIBOR for a period of one month for a borrowing in an amount substantially similar to the amount of the applicable Swing Line Loan, with each daily change in such LIBOR automatically, immediately, and without notice changing the LIBOR Flex Rate.

  • Flex Rate: An additional 10% fee of the total trip price allows flexible cancellation.

  • Each Swingline Advance shall bear interest at a variable rate for each day such Swingline Advance is outstanding equal to the LIBOR Flex Rate for such day.

  • Section 2.3 of the Credit Agreement is hereby amended to add, after “Base Rate Loan” and “Base Rate Loans”, respectively, “or LIBOR Flex Rate Loan” and “or LIBOR Flex Rate Loans”.

  • The LIBOR Flex Rate shall be adjusted by the Administrative Agent, if necessary, at the end of each Business Day during the term hereof.

  • Cancellations with Flex Rate up to 14 days before arrival are refunded minus the Flex Rate fee.