Peg Rate definition
Peg Rate shall have the meaning assigned to such term in the Note.
Peg Rate in the Trust Deed is hereby changed to "Prime Rate" and shall have the meaning assigned to such term in the Amended Note.
Peg Rate in the Mortgage is hereby changed to "Prime Rate" and shall have the meaning assigned to such term in the Amended Note.
Examples of Peg Rate in a sentence
If variable: Base Rate: Prime LIBOR SBA Peg Rate Interest is paid to, but not including .
If variable: Base Rate: Prime LIBOR SBA Peg Rate Unguaranteed portion has a [ ] fixed rate or [ ] variable rate (check one).
All amounts payable under this Agreement shall be due and payable on demand and to the extent that any such amount shall represent a reimbursement for funds at any time expended by any Indemnitee shall bear interest, from the date of such demand, at a rate equal to the Peg Rate (as such term is defined in the Loan Documents) plus 6.5%.
More Definitions of Peg Rate
Peg Rate. - means the rate which Lender publicly announces from time to time as its Peg Rate. The Peg Rate shall be adjusted from time to time when and as the Peg Rate shall change. The Peg Rate is determined from time to time
Peg Rate shall have the meaning assigned to such term in the Note. FRK11497.A15 285741572 12/05/96 KDF:ac1