Interim Interest Rate definition

Interim Interest Rate shall have the meaning provided in Section 2.03(a).
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Interim Interest Rate has the meaning assigned to such term in the definition of Interest Rate.
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Interim Interest Rate means the rate of interest publicly announced by Citibank, N.A. ("Citibank") in New York, New York, from time to time as its Prime Rate plus one and one-half percent 1-1/2%) per annum. The Prime Rate is not intended to be the lowest rate of interest charged by Citibank to its borrowers.
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Examples of Interim Interest Rate in a sentence

  • All amounts of the Interim Interest Rate shall be paid in cash on each Quarterly Payment Date and, if the Funding has not yet occurred, the Funding Termination Date.

  • The Interim Interest Rate is, during its pendency, in lieu of the interest rate set forth in Section 2.02 of the Loan Agreement and in lieu of the Interim Interest Rate set forth in the Second Amendment.

  • Effective as of October 14, 1998, (a) any and all outstanding principal balance of the Loan in excess of $15,000,000.00 shall bear interest payable on demand at the Prime Rate plus four and one-half of one percent (4.50%) and (b) any and all outstanding principal balance of the Loan not in excess of $15,000,000.00 shall bear interest payable at the Prime Rate plus one-half of one percent (0.50%) per annum (the "Interim Interest Rate").

  • The Borrower acknowledges and agrees that effective as of October 20, 1998, (a) the outstanding principal balance of the Loan in excess of $10,000,000.00 has been bearing and shall continue to bear interest at the Prime Rate plus four percent (4.0%), and (b) the outstanding principal balance of the Loan not in excess of $10,000,000.00 has been bearing and shall continue to bear interest payable at the Prime Rate plus one-half of one percent (0.50%) per annum (the "Interim Interest Rate").

  • Prior to the respective ----------------------------------- Store Tranche Commencement Date, Borrower shall pay interest only on the Advances, at the Interim Interest Rate, in arrears, on the first day of each month.

  • Prior to the Conversion Date, Borrower shall pay interest only on the Advances, at the Interim Interest Rate, in arrears, on the first day of each month and on the Conversion Date.

  • The Interim Interest Rate is no longer applicable and accordingly, all references to Interim Interest Rate in the Loan Agreement are hereby deleted.

  • The Interim Interest Rate is, during its pendency, in lieu of the interest rate set forth in Section 2.02 of the Loan Agreement.

  • The Loan Agreement is hereby amended to provide that, effective as of October 20, 1998, (a) the outstanding principal balance of the Loan in excess of $10,000,000.00 shall bear interest payable on demand at the Prime Rate plus four percent (4.0%) and (b) the outstanding principal balance of the Loan not in excess of $10,000,000.00 shall bear interest payable at the Prime Rate plus one-half of one percent (0.50%) per annum (the "Interim Interest Rate").

  • As of December 1, 1998, the "Floating Rate" set forth in the Loan Agreement and the Note shall be the Prime Rate plus 3.0%; provided, however, that interest shall be due and payable monthly prior to the Maturity Date based upon the Interim Interest Rate (as hereinafter defined), although interest shall at all times accrue at the Floating Rate.


More Definitions of Interim Interest Rate

Interim Interest Rate shall equal [***].
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Related to Interim Interest Rate

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.