Initial Rate definition

Initial Rate means each rate of interest to be paid in an Initial Period as set forth in the Certificate.

Initial Rate means the rate specified and for the periods indicated in the applicable Final Terms being, in the case of a fixed rate, either a constant rate of interest or a rate of interest which steps up across a pre-determined margin ratchet and in the case of a floating rate, the Second Reference Rate”.

Initial Rate means, with respect to a Reference Rate, the Relevant Rate for such Reference Rate on the Pricing Date as specified on the cover page of the applicable Pricing Supplement.

Examples of Initial Rate in a sentence

• Contract years are successive 12 month periods computed from the end of the Initial Rate Guarantee Period.

• In connection with any such assumption, the outstanding principal amount, the Monthly Payment, the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Gross Margin (if applicable), the Initial Rate Cap (if applicable) or the Periodic Rate Cap (if applicable) of the related Mortgage Note shall not be changed, and the term of the Mortgage Loan will not be increased or decreased.

• The dividend rate on shares of MuniPreferred of any series during the period from and after the Date of Original Issue of shares of such series to and including the last day of the Initial Rate Period of shares of such series shall be equal to the rate per annum set forth with respect to shares of such series under “Designation” in Section 1 of Appendix A hereto.

• We and the Policyholder or the Employer mutually agree to change Premium Rates.Except as provided above, Premium Rates will not be changed during the Initial Rate Guarantee Period shown in Coverage Features.

• We and the Policyholder mutually agree to change Premium Rates.Except as provided above, Premium Rates will not be changed during the Initial Rate Guarantee Period shown in the Coverage Features.

More Definitions of Initial Rate

Initial Rate means the interest rate or rates applicable to a series of Bonds subject to Remarketing from the dated date thereof until such Bonds are Reset, remarketed on a Remarketing Date, or redeemed.

Initial Rate has the meaning set forth in Section 3.02(a) hereof.

Initial Rate. ’ means each rate per annum at which Multi-Modal Bonds will bear interest during the Initial Rate Period, as set forth in the Certificate.

Initial Rate has the meaning specified in the definition of "Applicable Rate" in this Section 1.01.

Initial Rate. The stated Mortgage Rate with respect to an ARD Loan.

Initial Rate. With respect to an ARD Loan, the Mortgage Rate at which interest accrues on such ARD Loan until its Anticipated Repayment Date.

Initial Rate means the rate per annum (expressed as a percentage) specified in, or determined in accordance with the provisions in, the Final Terms or Pricing Supplement, as the case may be, which may be a fixed rate or a floating rate determined in accordance with Condition 6(c).