Examples of Initial Interest Periods in a sentence
The interest rate during the Initial Interest Periods from the Original Issue Date of the notes and ending on but excluding February 26, 2022 shall be 9.00% per annum.
The interest rate during the Initial Interest Periods from the Original Issue Date of the notes and ending on but excluding January 22, 2022 shall be 8.00% per annum.
Every application shall be acted upon as soon as it is submitted by the applicant.
Gradually, decreasing class size also became an important objective.
Section 2.4 Method of Selecting Initial Interest Periods for the Loans.
Because 3-Month USD LIBOR of 6.00% plus 1.25% exceeds the Maximum Interest Rate of 6.50% per annum, the Interest Rate is the Maximum Interest Rate of 6.50% per annum and the quarterly interest payment per $1,000 principal amount note is calculated as follows:$1,000 × 6.50% × (90/360) = $16.25Example 3: After the Initial Interest Periods, 3-Month USD LIBOR is -2.00%.
The numbers appearing in the following examples have been rounded for ease of analysis.Example 1: After the Initial Interest Periods, with respect to a particular Interest Period, the Benchmark Rate is 3.00% on the applicable Determination Date.
Hypothetical Examples of Interest Rate Calculation for an Interest Period (Other Than an Initial Interest Period)The following examples illustrate how the hypothetical Interest Rate is calculated for a particular Interest Period occurring after the Initial Interest Periods and assume that that the Day Count Fraction for the applicable Interest Period is equal to 30/360.
Structural works, dipping tanks, storage tanks, walls, silos and kraals, if permanently constructed.
The Interest Rate applicable to this Interest Period is 3.35% per annum.The corresponding interest payment per $1,000 principal amount note is calculated as follows: $1,000 × (3.00% + 0.35%) × (90/360) = $8.375 Example 2: After the Initial Interest Periods, with respect to a particular Interest Period, the Benchmark Rate is 6.00% on the applicable Determination Date.