Interest Rate Commitment definition

Interest Rate Commitment means a commitment whereby the Borrower agrees to deliver a Mortgage Loan to GE Capital Mortgage Services, Inc., as investor, according to the terms of a Purchase Commitment and GE Capital Mortgage Services, Inc. agrees to a specified interest rate and purchase price for a designated length of time.
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Interest Rate Commitment means a commitment whereby the Borrower agrees to deliver a Mortgage Loan to GMAC Bank, as investor, according to the terms of a Purchase Commitment and GMAC Bank agrees to a specified interest rate and purchase price for a designated length of time.
Sample 1

Examples of Interest Rate Commitment in a sentence

  • Accounts payable and accrued liabilities are classified as other financial liabilities, and after initial recognition are recorded at amortized cost.

  • For empirical evidence of the effects of the BOJ’s communications policy, see Nobuyuki Oda and Kazuo Ueda, “The Effects of the Bank of Japan’s Zero Interest Rate Commitment and Quantitative Monetary Easing on the Yield Curve: A Macro-Finance Approach,” Bank of Japan working paper no.

  • On the Function of the Zero Interest Rate Commitment: Monetary Policy Rules in the Presence of the Zero Loyer Bound on Interest Rates.

  • Nobuyuki Oda & Kazuo Ueda, The Effects of the Bank of Japan’s Zero Interest Rate Commitment and Quantitative Monetary Easing on the Yield Curve: a Macro-Finance Approach, 58 The Japanese econ.

  • Interest rate4.02.00.0-2.0-4.0-6.0-8.0-5 0 5 10 15 20 25 302.01.00.0-1.0-2.0-5 0 5 10 15 20 25 304.03.02.01.00.0-5 0 5 10 15 20 25 30(Chart 11) Short-term Simulations for the Baseline Rule with a Zero Interest Rate Commitment-- Comparison of different commitments under each initial shock Total loss (right scale)GDP gap fluctuation loss (left scale)Inflation rate fluctuation loss (left scale) Interest rate fluctuation loss (left scale) (1) Supply shock u:-0.5%, demand shock g:-5%.

  • Interest Rate Commitment in 2013 The Complainants have suggested that the Provider committed to a reduced interest rate of 3.41% in 2012 for a 12 month period but unilaterally increased this rate in May 2013.

  • Is a Zero Interest Rate Commitment Effective as a Permanent Monetary Policy Rule?The policy ruleiπ 0comwhich adds a zero interest rate commitment to the baselineTaylor-type rule is formulated as Equation (12).

  • Functions of a Time-restricted Zero Interest Rate Commitment In section 3, our analyses found that the policy performance worsens when the zero interest rate commitment indicated in Equation (12) is interpreted as a policy rule that will be applied permanently in the future.

Related to Interest Rate Commitment

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Revolving Interest Rate means, with respect to Revolving Advances, an interest rate per annum equal to (a) the lesser of (i) the sum of the Alternate Base Rate plus the Applicable Revolving Domestic Rate Margin and (ii) the Maximum Rate, with respect to Domestic Rate Loans, and (b) the lesser of (i) the sum of the Eurodollar Rate plus the Applicable Revolving Eurodollar Rate Margin and (ii) the Maximum Rate, with respect to the Eurodollar Rate Loans.

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $300,000,000.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Revolving Credit Aggregate Commitment means One Hundred Ten Million Dollars ($110,000,000), subject to increases pursuant to Section 2.13 hereof by an amount not to exceed the Revolving Credit Optional Increase, subject to reduction or termination under Section 2.11 or 9.2 hereof.

  • Revolving Commitment Amount means $125,000,000, as reduced from time to time pursuant to Section 6.1.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), (ii) the aggregate principal amount of all outstanding Swing Line Loans, and (iii) the Letter of Credit Usage.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).