Increasing Rate definition

Increasing Rate means, with respect to any obligation, an annual rate equal to the Prime Rate, plus (i) two percent, plus (ii) one percent after the first completed six-month period that the obligation subject to the Increasing Rate has been outstanding and has not been paid in full.
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Increasing Rate means, with respect to any obligation, an annual rate equal to eleven percent (11%), compounded quarterly.
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Increasing Rate means, with respect to any obligation, an --------------- annual rate equal to eleven percent (11%), compounded quarterly.
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Examples of Increasing Rate in a sentence

  • In determining whether the Noteholders of the required principal amount of Senior Secured Increasing Rate Notes have concurred in any direction, waiver or consent, Senior Secured Increasing Rate Notes owned by the Company or any direct or indirect Subsidiary of the Company shall not be considered as though they are outstanding.

  • The Senior Secured Increasing Rate Notes outstanding at any time are all the Senior Secured Increasing Rate Notes issued by the Company except for those cancelled by it and those surrendered to it for cancellation.

  • If an Event of Default (other than an Event of Default specified in Section 7.1(e)) occurs and is continuing, then and in every such case the Majority Noteholders may declare the principal of, and all accrued and unpaid interest under, all Senior Secured Increasing Rate Notes, including this Note, to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration such principal and interest shall become due and payable immediately.

  • The Notes include both Increasing Rate Exchanged Notes and Fixed Rate Notes.

  • Increasing Rate Junior Subordinated Notes due 2006 RB Asset, Inc., a Delaware corporation, promises to pay CEDE & CO.

  • The "Additional Jefferies Warrants" are any additional warrants issued pursuant to the Jefferies Warrants because the Company has not repaid the Senior Secured Increasing Rate Notes due 2003.

  • The term "Series A-1 Preferred Shares" shall mean the Series A-1 Increasing Rate Cumulative Convertible Preferred Shares of Beneficial Interest, $.01 par value per share, of the Company.

  • The holders of Series A-1 Increasing Rate Preferred Shares shall not be entitled to vote on any matter except (i) as provided in Section 14.8, and (ii) as required by law.

  • This Note is one of a duly authorized issue of Senior Increasing Rate Discount Notes of the Company (the "Notes") referred to in the Securities Purchase Agreement, dated as of September 30, 1998, among the Company and the Purchaser named therein (as the same may be amended from time to time in accordance with its terms, the "Securities Purchase Agreement").

  • The Lenders hereby consent to (x) the amendments and agreements contained in the Fourth IRL Amendment and (y) to the conversion, as of the Extension Date, of certain Increasing Rate Term Loans to Term Loans II as provided therein and herein.

Related to Increasing Rate

  • Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

  • Ceiling Rate means, with respect to any Calculation Period, the rate set forth as the “Ceiling Rate” on the attached Schedule I.

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Increasing Bank has the meaning specified in Section 2.6(a).