Interest Rate Reset definition

Interest Rate Reset. [ ] The Interest Rate may not be changed prior to Stated Maturity. [ ] The Interest Rate may be changed prior to Stated Maturity (see attached). Optional Reset Dates (if applicable): Amortizing Note: [ ] Yes [ ] No Amortization Schedule:
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Interest Rate Reset means the adjustment of the Coupon Interest of a given Bond.
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Interest Rate Reset means the adjustment of the Coupon Interest of a given Bond. "Interest Rate Reset Frequency" means the number of annual Interest Rate Resets.
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Examples of Interest Rate Reset in a sentence

  • Adjustable Rate Mortgages (ARMs) Numeric – Decimal 0.02 9.999999 ARMs Only >= 0 and <= 1 99=no cap 48 Subsequent Interest Rate Reset Period The number of months between subsequent rate adjustments.

  • If the Interest Rate Reset Basis specified above is the Commercial Paper Rate, the interest rate with respect to this Note will be the Commercial Paper Rate plus or minus the Spread, if any, or multiplied by the Spread Multiplier, if any, as specified above.

  • Exercise of the repayment option by the Holder of a Note shall be irrevocable, except as otherwise described under "Interest Rate Reset" and "Extension of Maturity" in the Prospectus Supplement.

  • Promptly upon such determination, the Calculation Agent, if other than the Company or an Affiliate of the Company, will notify the Company of the applicable interest rate for the relevant Interest Rate Reset Period and, provided the Trustee is not the Calculation Agent, the Company will then promptly notify the Trustee of such interest rate.

  • The Calculation Agent will determine the applicable interest rate for each Interest Rate Reset Period as of the applicable Interest Rate Calculation Date.


More Definitions of Interest Rate Reset

Interest Rate Reset. ▇▇▇% = 4.4% (10 YR of 4% x Age Adjustment of 70 Year Old of [1.10]) • Interest Rate Reset Calculation = $6,160 (▇▇▇% of 4.4% x Covered Fund Value of $140,000) • Since Interest Rate Reset calculation of $6,160 is lower than current ▇▇▇ of $6,600 then the ▇▇▇ = $6,600 Ratchet: • Ratchet Calculation = $7,700 (▇▇▇% of 5.5% x Covered Fund Value of $140,000) • Since Ratchet Value Calculation of $7,700 is higher than the current ▇▇▇ of $6,600 then the new ▇▇▇ = $7,700 Result: • NEW ▇▇▇ = $7,700 • NEW BENEFIT BASE = $140,000 • ▇▇▇% = 5.5% (no change)
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Interest Rate Reset means the reset of the interest rate payable on the Notes.
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Interest Rate Reset. [X] No [ ] Yes, at Option of the Company Optional Reset Date(s): N/A
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Interest Rate Reset means the reset of the Interest Rate on the Interest Rate Reset Date.
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Interest Rate Reset means a decrease of the Interest Rate back to the Initial Interest Rate.
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Interest Rate Reset means that interest rate derived by adding a margin of 1.00% to the ( ) Year Treasury yield rate most recently published and prevailing as of the Rate Reset Date. If the foregoing calculation yields either: (i) a value less than %, then the Interest Rate Reset shall be deemed to equal %; or (ii) a value in excess of %, then the Interest Rate Reset shall be deemed to equal %. If the ( ) Year Treasury yield rate becomes unavailable during the term of the Note, the Lender may designate a comparable substitute index after reasonable notice to the Local Government Unit.
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Interest Rate Reset. So long as Borrower is in full compliance with the terms of the Loan, upon the first day of the month following each anniversary that the Loan (or any part thereof) is outstanding, the Initial Rate shall be reduced 2.083 basis points for each penny that the average closing pr▇▇▇ ▇f QualMark's Common Stock over the 20-trading-day period preceding each such anniversary exceeds the Conversion Price. In no event shall the interest rate payable in respect of the Loan be less than 1.75%. For example, if the Loan is executed on November 15, 2004, the Conversion Price is $1.66, and the average price of the Common Stock during the 20-trading-day period before December 1, 2005 is $1.75, then the interest rate applicable to the Loan from December 1, 2005 until December 1, 2006 would be 7.72921% (8% - (0.02083 x (1.75-1.66))). Subsequent interest rate resets may be made on an annual basis thereafter. Notwithstanding any Interest Rate Resets effected hereunder, however, if there shall occur an Event of Default which remains uncured after any applicable cure periods, the interest rate payable hereunder shall be the Default Rate set forth in the Loan Agreement plus the Initial Rate.
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