Offered Interest Rate definition

Offered Interest Rate means the interest rate for the Loan Request that would generate monthly repayments equal to the sum of the individual scheduled repayments due to be made to the Lenders. This rate is calculated before the application of any fees to FundingKnight.
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Offered Interest Rate means the offered quotation specified in the Final Terms and, following the occurrence of a Suspension Event, the relevant Replacement Offered Interest Rate or, as applicable, the relevant Alternative Offered Interest Rate or, as applicable, the Offered Interest Rate for the immediately preceding Interest Period, as determined at the relevant time in accordance with this Section 3(3).
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Examples of Offered Interest Rate in a sentence

  • Lenders offer you a portion of your Loan in the form of a Bid at the Offered Interest Rate on your Loan Request until enough Bids are offered to cover the entire value of the Loan.2. If your Loan Request is filled by Bids from Lenders you can either close your Loan Request or allow new Lenders to outbid existing Lenders and thereby lower your Loan Interest Rate and your monthly payments.

  • Key Interest Rates on Loans Offered Interest Rate Range p.a. Note: Taxes as Applicable C.

  • To read more about our fees, take a look at our Fees schedule How Bidding Works Example: Loan Request for $1,000, with an Initial Offered Interest Rate 9%.

  • The current Offered Interest Rate will still be 8.5% (highest Secret Rate of successful Bid).

  • Reflects the estimated impact of additional debt incurred by the Company associated with the Acquisition, calculating interest expense using the Company’s current London Interbank Offered Interest Rate of 2.40% for the Company’s credit facility.

Related to Offered Interest Rate

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).