Interest Rate definition

Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

Interest Rate means the Class A-1 Interest Rate, the Class A-2 Interest Rate, the Class A-3 Interest Rate or the Class A-4 Interest Rate, as applicable.

Interest Rate means the Interest Rate (as defined in the Mortgage Loan Documents).

Examples of Interest Rate in a sentence

• The Parties acknowledge and agree that as a result of the Dilutive Offering (as defined in the letter from the Investor to the Company dated December 4, 2023), the Company is in breach of the covenant set forth in Section 7.21 of the PPA and the Interest Rate in respect of the Existing Notes increased to 15% effective as of November 27, 2023.

• Notwithstanding the foregoing, the interest rate on a Floating Rate Note shall not be greater than the Maximum Interest Rate, if any, or less than the Minimum Interest Rate, if any, and in no event shall be higher than the maximum rate permitted by New York law, as the same may be modified by United States law of general application.

• If, pursuant to the preceding sentence, any Reset Date would otherwise be a day that is not a Market Day with respect to such Note, the Reset Date shall be the next succeeding day that is a Market Day with respect to such Note, except that if the Interest Rate Basis is LIBOR and the next succeeding such Market Day falls in the next succeeding calendar month, such Reset Date shall be the immediately preceding Market Day.

• The Investor hereby agrees that it shall waive the occurrence of an event of default as a result of the Dilutive Offering, provided however, the Interest Rate in respect of the Existing Notes shall remain at 15%.

• Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, the Borrowers shall pay interest on the Obligations at a rate which is five percent (5.00%) per annum above the Loan Interest Rate (the “Default Rate”).

More Definitions of Interest Rate

Interest Rate means (a) as to the A-1 Notes, the A-1 Note Rate, (b) as to the A-2 Notes, the A-2 Note Rate, (c) as to the A-3 Notes, the A-3 Note Rate, (d) as to the A-4 Notes, the A-4 Note Rate and (e) as to the Class B Notes, the Class B Note Rate.

Interest Rate means, for any date, the lesser of (a) the per annum rate of interest equal to the prime lending rate as may from time to time be published in The Wall Street Journal under “Money Rates” on such day (or if not published on such day on the most recent preceding day on which published), plus two percent (2%) and (b) the maximum rate permitted by applicable law.

Interest Rate means, with respect to the (i) Class A-1 Notes, the Class A-1 Interest Rate, (ii) Class A-2 Notes, the Class A-2 Interest Rate, (iii) Class A-3 Notes, the Class A-3 Interest Rate, (iv) Class B Notes, the Class B Interest Rate, (v) Class C Notes, the Class C Interest Rate, (vi) Class D Notes, the Class D Interest Rate and (vii) Class E Notes, the Class E Interest Rate.

Interest Rate means the rate per annum equal to the “Monthly” Federal Funds Rate (as reset on a monthly basis based on the latest month for which such rate is available) as reported in Federal Reserve Bank Publication H.15-519, or its successor publication.

Interest Rate means,

Interest Rate. With respect to each Subsidiary REMIC Interest, the applicable rate set forth or calculated in the manner described in the Preliminary Statement.

Interest Rate means each or any of the interest rates, including the Default Rate, set forth in Section 3.1.