Hyper-Am Interest Rate definition

Hyper-Am Interest Rate means a rate per annum equal to the lesser of (a) the maximum rate permitted by applicable law, or (b) two (2%) percent above the Interest Rate.
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Hyper-Am Interest Rate means a rate per annum equal to the lesser of (a) the maximum rate permitted by applicable law, or (b) two percent (2%) above the Interest Rate.
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Examples of Hyper-Am Interest Rate in a sentence

  • Interest on the outstanding principal balance of the Loan shall accrue from and including the Closing Date to but excluding the Anticipated Repayment Date at the Interest Rate, and from and including the Anticipated Repayment Date to but excluding the Maturity Date at the Hyper-Am Interest Rate.

  • Interest on the outstanding principal balance of the Loan shall accrue from the Closing Date to but excluding the Anticipated Repayment Date at the Interest Rate, and from the Anticipated Repayment Date to but excluding the Maturity Date at the Hyper-Am Interest Rate.

  • Notwithstanding anything to the contrary contained in this Agreement, the Note, the Mortgage, or any of the other Loan Documents, neither the Applicable Interest Rate, the Default Rate nor the Hyper-Am Interest Rate shall at any time exceed the Maximum Rate.