Interest Floor definition

Interest Floor means the minimum interest rate (expressed as a percentage per annum) for loans made by ADB which are funded through participations in the loans by AIF as in effect at 12:01am Manila time on the date of the Loan Agreement and communicated to the Borrower, which minimum interest rate shall remain fixed for the term of the Loan;
View Source
Interest Floor means 0.00%.
View Source

Examples of Interest Floor in a sentence

  • The method in which we calculate the Interim Value for an Indexed Account with a Crediting Method that includes an Indexed Interest Buffer differs from the method in which we calculate the Interim Value for an Indexed Account with a Crediting Method that includes an Indexed Interest Floor.

  • During the continuance of an Event of Default, Lender shall have the right to direct the investment of all sums on deposit in the Replacement Reserve Account, the Low DSCR Interest Floor Reserve Account and the Low DSCR General Reserve Account in Permitted Investments.

  • An Indexed Interest Floor is established on the Contract Date and will not change while the Contract is in force.

  • Indexed Interest Floor Each Indexed Account may have a different Indexed Interest Floor which is shown on your Contract data page.

  • Borrower may (but shall not be obligated to) direct Lender or Servicer to invest the amounts deposited in the Low DSCR Interest Floor Reserve Sub-account and the Low DSCR General Reserve Sub-account in Permitted Investments selected by Borrower.

  • Notwithstanding any other provision hereof to the contrary, Borrower's obligation to pay the Interest Floor Differential shall survive the payment in full of the Loan as an unsecured obligation.

  • Indexed Interest Floor The maximum negative Adjusted Index Return that can be credited under an Indexed Account at the end of an Interest Term.

  • Adjusted Index Return The Index Return, after the application of the Indexed Interest Cap and either the Indexed Interest Buffer or the Indexed Interest Floor.

  • All interest income remaining in the Accounts (other than income with respect to the Low DSCR Interest Floor Reserve Sub-account or the Low DSCR General Reserve Sub-account) shall be for the benefit of Lender; all interest income in the Low DSCR Interest Floor Reserve Sub-account and the Low DSCR General Reserve Sub-Account shall be for the benefit of the Borrower and credited to the Low DSCR Interest Floor Sub-account or the Low DSCR General Reserve Sub-account, as applicable.

  • Indexed Interest Floor Each Indexed Account may have a different Indexed Interest Floor which is shown on your Contract Data Page.