Lender Rate definition

Lender Rate means, with respect to each Interest Period, the prime commercial lending rate per annum established by the Trustee, as in effect on each day in the Interest Period.

Lender Rate means the Dealer Rate as set forth in the Program Terms Letter less any applicable Performance Rebate as set forth in the Program Terms Letter.

Lender Rate means the “Dealer Rate” as set forth in the applicable Program Terms Letter, less any applicable Performance Rebate as set forth therein.

Examples of Lender Rate in a sentence

• If any such amount is not made available to Agent by any Lender on the Settlement Date applicable thereto to the extent required by the terms hereof, Agent shall be entitled to recover for its account such amount on demand from such Lender together with interest thereon at the Defaulting Lender Rate.

• If and to the extent Borrowers do not make such payment in full to Agent on the date when due, each Lender severally shall repay to Agent on demand such amount distributed to such Lender, together with interest thereon at the Defaulting Lender Rate for each day from the date such amount is distributed to such Lender until the date repaid.

• If and to the extent Borrower does not make such payment in full to Agent on the date when due, each Lender severally shall repay to Agent on demand such amount distributed to such Lender, together with interest thereon at the Defaulting Lender Rate for each day from the date such amount is distributed to such Lender until the date repaid.

• If any Lender shall not remit the full amount that it is required to make available to Agent in immediately available funds as and when required hereby and if Agent has made available to Borrowers such amount, then that Lender shall be obligated to immediately remit such amount to Agent, together with interest at the Defaulting Lender Rate for each day until the date on which such amount is so remitted.

• If and to the extent any Lender shall not have made its full amount available to Agent in immediately available funds and Agent in such circumstances has made available to Borrower such amount, that Lender shall on the Business Day following such Funding Date make such amount available to Agent, together with interest at the Defaulting Lender Rate for each day during such period.

More Definitions of Lender Rate

Lender Rate means the Default Rate.

Lender Rate means an interest rate set by the Lender, either fixed, adjustable, or variable (determined by the promissory note) used in calculating the amount of interest shared by the Lender and the Rural Center pro rata on a given Loan, which rate shall initially be that referenced in the Commitment Letter related to such Loan. If the Lender Rate is adjustable or variable, the Rural Center rate shall be adjusted upwards or downwards every time the interest rate charged the Borrower is adjusted, so that the pro rata share shall always be the same as it was on the Purchase Date.

Lender Rate means, for each day of determination, a fluctuating rate per annum, with respect to any Term Loan, equal to (i) for the period from and including the Conversion Date to and including the date which is thirty (30) calendar days immediately following the Conversion Date, the Base Rate from time to time in effect, (ii) from and including the date which is thirty-one (31) calendar days immediately following the Conversion Date to and including the date which is ninety (90) calendar days immediately following the Conversion Date, the Base Rate from time to time in effect plus one percent (1.00%) and (iii) from and including the date which is ninety-one (91) calendar days immediately following the Conversion Date and thereafter, the Base Rate from time to time in effect plus two percent (2.00%); provided that from and after the occurrence of an Event of Default, “Lender Rate” shall mean the Default Rate.

Lender Rate means with respect to any Advance and for any Interest Period, but subject to Section 5.1, the interest rate per annum equal to the Eurodollar Rate applicable to such Interest Period plus the Applicable Margin.

Lender Rate means an interest rate set by the Lender, either fixed, adjustable, or variable (determined by the promissory note) used in calculating the amount of interest retained by the Lender (on all portions other than the Department portion) on a given Loan, which rate shall initially be that referenced in the Department Approval Letter related to such Loan. If the Lender Rate is adjustable or variable, the Department Rate shall be adjusted upwards or downwards every time the interest rate charged the Borrower is adjusted, so that the difference between the Lender Rate and the Department Rate shall always be the same as it was on the Purchase Date. The fixed, adjustable, or variable rate attribute must match the fixed, adjustable, or variable attribute of the promissory note that is all rates must be on the same basis.

Lender Rate for each day during a Settlement Period for any Advance, means to the extent the Lender funds such Advance on such day by issuing commercial paper notes, the per annum rate equivalent to the weighted average of the per annum rates paid or payable by the Lender from time to time as interest on or otherwise (by means of interest rate xxxxxx or otherwise) in respect of those commercial paper notes issued by the Lender that are allocated, in whole or in part, by the Agent (on behalf of the Lender) to fund the making or maintenance of such Advance on such day as determined by the Agent (on behalf of the Lender) and reported to the Borrower, which rates shall reflect and give effect to the commissions of placement agents and dealers (which as of the Closing Date do not exceed 0.05% per annum of the face amount of such commercial paper notes) in respect of such commercial paper notes, to the extent such commissions are allocated, in whole or in part, to such commercial paper notes by the Agent on behalf of the Lender; provided, however, that if any component of such rate is a discount rate, in calculating the "Lender Rate" for such day the Agent shall for such component use the rate resulting from converting such discount rate to an interest bearing equivalent rate per annum.

Lender Rate means, for each day of determination on and after the Conversion Date, a fluctuating rate per annum, with respect to any Term Loan, equal to (i) for the period from and including the applicable Conversion Date to and including the ninetieth (90th) day immediately succeeding the applicable Conversion Date, the Base Rate from time to time in effect, (ii) for the period from and including the ninety-first (91st) day immediately succeeding the applicable Conversion Date to and including the one hundred eightieth (180th) day immediately succeeding the applicable Conversion Date, the Base Rate from time to time in effect plus one percent (1.0%) and (iii) for the period from and after the one hundred eighty-first (181st) day immediately succeeding the applicable Conversion Date, the Base Rate from time to time in effect plus two percent (2.0%); provided that from and after the occurrence of an Event of Default, “Lender Rate” shall mean the Default Rate.