Notice of Interest Rate Selection definition

Notice of Interest Rate Selection means a notice substantially in the form of EXHIBIT D given pursuant to SECTION 2.1.2.
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Notice of Interest Rate Selection means a Notice of Interest Rate Selection in the form of the attached Exhibit B. ---------
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Notice of Interest Rate Selection has the meaning specified in Section 2.06.
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Examples of Notice of Interest Rate Selection in a sentence

  • Borrower agrees to indemnify, defend and hold Lenders and Agent harmless from and against any and all Liabilities and Costs which may arise or be created by the acceptance of instructions in any Notice of Interest Rate Selection, unless caused by the gross negligence of the Person to be indemnified.

  • Agent shall be entitled to act on the instructions of anyone identifying himself or herself as one of the Persons authorized to execute a Notice of Interest Rate Selection, and Borrower shall be bound thereby in the same manner as if such Person were actually so authorized.

  • The Agent shall promptly provide a copy of each Notice of Interest Rate Selection to each Lender.

  • DATE: -------------------, 199-- This Notice of Interest Rate Selection is being submitted pursuant to the terms of the Secured Credit Agreement dated as of July 18, 1996 ("Credit Agreement"), as the same may be thereafter amended from time to time, among First Banks, Inc.

  • The Agent shall notify each Lender by telephone or facsimile with regard to each Notice of Interest Rate Selection not later than 11:00 A.M. (Eastern Time) on the second Business Day preceding the first day of the selected Interest Period.

  • Such notice of interest rate selection (a "Notice of Interest Rate Selection") shall be --------------------------------- substantially in the form of Exhibit C hereto.

  • B-1 EXHIBIT C - Form of Notice of Interest Rate Selection.......................

  • Instruction 1942-A, Guide 201, Written Notice of Interest Rate Selection.

  • The authorized representative of the Company whose signature appears below has caused this Notice of Interest Rate Selection to be executed and delivered by its duly authorized officer this ______ day of _________________, ______.


More Definitions of Notice of Interest Rate Selection

Notice of Interest Rate Selection means the document in the form --------------------------------- attached hereto and made a part hereof as Exhibit E, which shall be executed and delivered from time to time by the Borrower to the Bank pursuant to Sections 2.3 and 3.5 of this Loan Agreement to evidence (a) the election by the Borrower to have the applicable portion of the unpaid principal balance of the Term Loan and/or the Revolving Line of Credit bear interest at a rate equal to LIBOR plus the Applicable LIBOR Margin for the particular LIBOR Interest Period selected by the Borrower, and (b) upon the expiration of a LIBOR Interest Period, the election by the Borrower to have the applicable portion of the unpaid principal balance of the Term Loan and/or the Revolving Line of Credit bear interest at a rate equal to the LIBOR plus the Applicable LIBOR Margin for a successive LIBOR Interest Period selected by the Borrower.
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Notice of Interest Rate Selection means, with respect to a proposed Borrowing pursuant to Section 2.1.2, a notice substantially in the form of Exhibit D.
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Notice of Interest Rate Selection means the document in the form --------------------------------- attached hereto and made a part hereof as Exhibit C, which shall be executed and delivered from time to time by the Borrower to the Bank pursuant to Section 2.4 of this Loan Agreement to evidence (a) the election by the Borrower to have the applicable portion of the unpaid principal balance of the Revolving Line of Credit bear interest at a rate equal to the LIBOR plus the Applicable LIBOR Margin for the particular LIBOR Interest Period selected by the Borrower, and (b) upon the expiration of a LIBOR Interest Period, the election by the Borrower to have the applicable portion of the unpaid principal balance of the Revolving Line of Credit bear interest at a rate equal to the LIBOR plus the Applicable LIBOR Margin for a successive LIBOR Interest Period selected by the Borrower.
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Related to Notice of Interest Rate Selection

  • Notice of Interest Rate Election has the meaning set forth in Section 2.08.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Fixed Rate of Interest means the rate of interest payable from time to time in respect of a Fixed Rate Tier 1 BCN or during the Fixed Interest Rate Period in respect of a Fixed/Floating Rate Tier 1 BCN and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period and subject to Condition 4(b)(ii), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • Fixed Rate Period has the meaning set forth in Section 2.5(b)(i) hereof.

  • Interest Rate Cap means a Cap.

  • Selected Interest Rates as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Fixed Rate Security means a Security which provides for the payment of interest at a fixed rate.

  • Notice of Special Rate Period means any notice with respect to a Special Rate Period of shares of MuniPreferred pursuant to subparagraph (d)(i) of Section 4 of Part I of this Statement.

  • First Reset Rate of Interest means, in respect of the First Reset Period and subject to Condition 5.2(b), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the Reference Rate and the First Margin;

  • Conversion to Fixed Interest Rate With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;

  • Prime Rate of Interest means the prime rate of interest published from time to time in the Wall Street Journal as the prime rate; provided, however that if the Wall Street Journal does not publish the Prime Rate of Interest, then the term “Prime Rate of Interest” shall mean the rate of interest publicly announced by Bank of America, N.A., as its Prime Rate, Base Rate, Reference Rate or the equivalent of such rate, whether or not such bank makes loans to customers at, above, or below said rate.

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Reset Notice has the meaning given such term in Section 5.11(b).

  • LIBOR Interest Rate means, for any LIBOR Loan, a rate per annum determined by Administrative Agent to be equal to the quotient of (1) the LIBOR Base Rate for such LIBOR Loan for the Interest Period therefor divided by (2) one minus the LIBOR Reserve Requirement for such LIBOR Loan for such Interest Period.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Floating Rate Period has the meaning set forth in section 2.5(b)(ii) hereof.

  • Special Rate Period with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Articles Supplementary.

  • Selection Notice means a notice substantially in the form set out in Part II of Schedule 3 (Requests) given in accordance with Clause 9 (Interest Periods).

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Default Rate of Interest means a rate of interest per annum on any Obligations hereunder, equal to the sum of: (a) two percent (2%) and (b) the applicable increment over the Base Rate (as set forth in paragraph 8.1 hereof) plus the Base Rate, which the Lender shall be entitled to charge the Companies on all Obligations due the Lender by the Companies, as further set forth in Paragraph 10.2 of Section 10 of this Financing Agreement.