Interest Rate definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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 outstanding principal balance of the Loans shall bear interest (which the Borrower hereby promises to pay) at the Applicable Interest Rate, provided that if the Loans or any part thereof are not paid when due (whether by demand or otherwise), the Loans shall bear interest, whether before or after judgment, until payment in full thereof at the rate per annum determined by adding 2.0% to the interest rate which would otherwise be applicable thereto.

• Each Loan made or maintained by a Lender shall bear interest (computed on the basis of a year of 360 days and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced until maturity (whether by acceleration or otherwise) at a rate per annum equal to the Applicable Interest Rate, payable by the Borrower monthly in arrears on the last day of each month of each year and at maturity (whether by acceleration or otherwise).

• Notwithstanding anything to the contrary in paragraph 1 of Form 33R, the principal amount of the Revolving Loans outstanding from time to time shall bear interest at a floating rate equal to the Interest Rate.

• Subject to the subordination provisions of this Loan Agreement, in the event that the Broker/Dealer fails to pay any amount of principal, interest, fees or other amounts payable under the Loan Documents when due, such overdue amount shall bear interest at the “Default Interest Rate,” which shall mean the rate of interest equal to the Interest Rate plus three percent (3.0%), such interest to be payable on demand.

• If the Rating is BBB- (or equivalent) or better (the “Investment Grade Range”) The Interest Rate stays at the original Interest Rate in effect on the Closing Date (or, if the Interest Rate was previously increased, then the Interest will be reduced to the original Interest Rate in effect on the Closing Date).

More Definitions of Interest Rate

Interest Rate means (a) with respect to the Class A-1 Notes, the Class A-1 Interest Rate, (b) with respect to the Class A-2 Notes, the Class A-2 Interest Rate, (c) with respect to the Class A-3 Notes, the Class A-3 Interest Rate, (d) with respect to the Class B Notes, the Class B Interest Rate, (e) with respect to the Class C Notes, the Class C Interest Rate or (f) with respect to the Class D Notes, the Class D Interest 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 “364 days Government of India (GoI) Treasury Bills” rate.

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