Interest Rates definition
Interest Rates. The interest rates per annum (calculated on a 360-day basis) applicable to the Target Credit Facilities will be, at the option of the Borrower as set forth below at either LIBOR or the Base Rate plus the Applicable Margin set forth in the Fee Letter. The Borrower may select interest periods of one, two, three or six months (and, if agreed to by all relevant Target Credit Agreement Lenders for the Target Revolving Credit Facility, the Target A Term Loan Facility or the Target B Term Loan Facility, as applicable, nine or twelve months or such other period) for LIBOR advances. Interest shall be payable at the end of the selected interest period, but no less frequently than quarterly.
Interest Rates. Annual Percentage Rates (APRs) - The APR corresponds to the Daily Periodic Rate (“DPRs”): the APR is equal to the DPR multiplied by 365, and the DPR is equal to the APR divided by 365. Interest charges are calculated by using the DPR. If a rate is a variable rate, we calculate that APR by adding together an index and a margin. For more information on variable rates, please refer to Section 11 (c). We add transactions and fees to your daily balance no earlier than: For new Purchases, Balance Transfers or Cash Advances – the date of the transaction. For new Bank Card Checks - the date the payee deposits the check. Fees – either on the date of a related transaction, the date they are posted to your Account, or the last day of the billing cycle, whichever we may choose. The balances subject to interest rate for each type of transaction shown on your billing statement is the sum of the daily balances for that type of transaction divided by the number of days in the billing cycle. We may use mathematical formulas that produce equivalent results to calculate the balance subject to interest rate, interest charges andrelated amounts.
Interest Rates means the interest rates provided for in Sections 2.11 and 2.12 of the Credit Agreement.
Examples of Interest Rates in a sentence
Interest at a rate of 2% per annum plus the rate for the time being fixed by section 2 of the Penalty Interest Rates Act 1983 is payable on any money owing under the contract during the period of default, without affecting any other rights of the offended party.
If the above determined incoming fund is not arriving to the account in the 2nd month after the month of account opening or package changing, the Bank is charging the monthly account maintenance fee specified in this List of Interest Rates and Charges.
Interest interest at the rate prescribed by the Penalty Interest Rates Act 1983 (NSW) plus 2% calculated daily and compounded monthly.
The TAC will, on written demand by the Applicant, pay simple interest on a daily basis on any Overdue Amount, at the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 (Vic).
The rate of interest is the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983.
More Definitions of Interest Rates
Interest Rates. A rate equal to 8.00% if the principal amount of the CPLV Mezz Facility is greater than or equal to $600 million, increasing by 0.25% for every $25 million reduction in the principal amount of the CPLV Mezz Facility below $600 million on the Closing Date (before giving effect to any Equitized Debt) (up to a maximum interest rate of 13.0%).
Interest Rates means the floating rate which is sum total of the Reference Rate applicable from time to time and the Spread as specified in the Schedule hereunder subject to the terms and conditions set forth in Clause 3 hereunder.
Interest Rates means the Floating Rate or the LIBOR Rate, as applicable.
Interest Rates means the interest rates applicable to our products and Services in relation to an Account which is published on our Website and available in any of our branches;
Interest Rates. The Company shall pay interest on the unpaid principal amount of any Money Market Rate Loan outstanding from time to time from the date on which funds are received by the Company until paid, at the Money Market Rate. Except as may be otherwise agreed by the Company and the Lender making a Money Market Rate Loan, interest shall be payable at the maturity of such Loan and shall be computed on the basis of a 365 or 366 day year, as the case may be.
Interest Rates. Collectively, the Interest Rate (Cash Advances) and the Interest Rate (Purchases);
Interest Rates. The Applicable Rate with respect to any 2022 Term B Loans, (I) for Base Rate Loans, 3.25% and (II) for Term SOFR Loans, 4.25%: Notwithstanding anything to the contrary in the Credit Agreement, (I) Term SOFR for the 2022 Term B Loans shall in no event be less than 0.50% per annum and (II) the Base Rate for the 2022 Term B Loans shall in no event be less than 1.50% per annum. Maturity Date: June 30, 2028 (or, with respect to any Term Lender that has extended the maturity date of its 2022 Term B Loans pursuant to Section 2.16, the extended maturity date set forth in the applicable Term Extension Request delivered by the Borrower and such Term Lender to the Administrative Agent pursuant to Section 2.16) (the “2022 Term B Loan Maturity Date”).