Interest Rate shall definition

Interest Rate shall mean the Interest Rate as defined in the Note. Land shall mean the fee simple estate in the parcel of real estate located in Pittsfield, Berkshire County, Massachusetts described in Exhibit A attached hereto and by this reference made a part hereof for all purposes. Leases shall mean any and all leases, sub-leases, occupancy agreements, licenses, concessions or grants or other possessory interests, and any guaranties thereof, if any, now or hereafter in force, whether oral or written, covering or affecting the Mortgaged Property, as hereinafter defined, or any portion thereof, if any, in which Mortgagor is landlord, licensor, concessionaire or owns any other beneficial interest of any type or kind.
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Interest Rate shall mean the interest rate calculated in accordance with the methodology specified for interest on refunds in the FERC regulations at 18 C.F.R. § 35.19a(a)(2)(iii).
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Examples of Interest Rate shall in a sentence

  • Each determination by Lender of the Applicable Interest Rate shall be conclusive and binding for all purposes, absent manifest error.

  • The Additional Interest Rate shall increase by an additional 0.25% per annum with respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum Additional Interest Rate of 1.0% per annum.

  • Except as provided below in the case of the Accrual Classes, interest on each Class of interest-bearing Trust Fund Certificates for the related Interest Accrual Period at the applicable Interest Rate shall be distributed on each applicable Distribution Date.

  • Any change in the rate of interest hereunder due to a change in the Applicable Interest Rate shall become effective as of the opening of business on the first day on which such change in the Applicable Interest Rate shall become effective.

  • If by the terms of this Agreement or the other Loan Documents, Borrower is at any time required or obligated to pay interest on the Outstanding Principal Balance at a rate in excess of the Maximum Legal Rate, the Interest Rate shall be deemed to be immediately reduced to the Maximum Legal Rate and all previous payments in excess of the Maximum Legal Rate shall be deemed to have been payments in reduction of principal and not on account of the interest due hereunder.

  • If the Adjustable Interest Rate at any time exceeds the Maximum Interest Rate, resulting in the charging of interest hereunder to be limited to the Maximum Interest Rate, then any subsequent reduction in the Adjustable Interest Rate shall not reduce the rate at which interest under this Note accrues below the Maximum Interest Rate until the total amount of interest accrued hereunder equals the amount of interest which would have accrued had the Adjustable Interest Rate at all times been in effect.

  • Interest accrued on each Class of Lower Tier Regular Classes for the related Interest Accrual Period at the applicable Interest Rate shall be distributed on each applicable Distribution Date, except as specified below in the case of the Lower Tier Accrual Classes.

  • Any change in the rate of interest hereunder due to a change in the Interest Rate shall become effective as of the opening of business on the first day on which such change in the Interest Rate shall become effective.

  • The Additional Interest Rate shall increase by an additional 0.50% per annum with respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum Additional Interest Rate of 2.0% per annum.

  • Changes in the Interest Rate shall be effective as of the date of any change in the Prime Rate.