Plus Interest definition

Plus Interest means interest at the twelve-month LIBOR rate (as of the Effective Date), plus one percent, computed from July 1, 2013 through the Effective Date.
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Examples of Plus Interest in a sentence

  • Plus Interest Expense (expensed and capitalized) to the extent deducted in the determination of Net Income.

  • This is a Variable Rate (1.750% over NORWEST BANK MINNESOTA BASE, making an initial rate of 9.750%), Principal Plus Interest Loan to a Corporation for $500,000.00 due on August 23, 2001.

  • There is a maximum ANNUAL PERCENTAGE RATE of 18% and a minimum ANNUAL PERCENTAGE RATE that ranges from 3.49% to 9.24% (for Equity Line Plus accounts) and from 3.99% to 9.74% (for Equity Line Plus Interest Only accounts) based on your credit profile.

  • Neither investments in the Program nor earnings, if any, from investments in the Program are insured or guaranteed (except to the extent of the guarantee by TIAA-CREF Life to the Trust under the Funding Agreement for the Principal Plus Interest Option) by the State, any State agency or instrumentality, the Program, the Trust, the Treasurer, the Trustee, the Federal Deposit Insurance Corporation, any federal government agency, the Program Manager or its affiliates.

  • The value of a Trust Unit in each Investment Option other than the Principal Plus Interest Option (for purposes of this discussion, each Age Band in the Managed Allocation Option is considered a separate Investment Option) is computed by dividing (a) an Investment Option’s assets less any liabilities allocated to that Investment Option by (b) the number of outstanding Trust Units of such Investment Option.

  • Less: New Obligations: Total Shortfall (B9) 6/3 Plus: Interest earned on Cash Reserve Acct.

  • Contributions invested in the Principal Plus Interest Option are allocated to a Funding Agreement, which guarantees to the Trust a return of principal plus a minimum rate of interest.

  • After a Participant's Service is terminated, the participant, by written notice to the Participant's Employer at least 30 days before the date the Pension begins, may elect to have such Contributions Plus Interest returned.

  • First half delinquent May 1, second half delinquent November 1: Year: 2001 Total Tax Billed: $211.80 Total Tax Owing: $105.90 Plus Interest and/or Penalties, If Any Tax Account Number: 280533-001-001-00 Levy Code: 03059 Assessed Value-Land: $14,000.00 Assessed Value-Improvements: $-0- 2.

  • Plus: Interest expense that is associated with all Senior Debt and capitalized lease obligation ("Interest Expense") $_____________ 8.

Related to Plus Interest

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Excess Interest With respect to each ARD Mortgage Loan, additional interest accrued on such ARD Mortgage Loan after the Anticipated Repayment Date allocable to the difference between the Revised Rate and the Mortgage Rate, plus any compound interest thereon, to the extent permitted by applicable law and the related Loan Documents. The Excess Interest on any ARD Mortgage Loan shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Monthly Excess Interest As to any Distribution Date, the sum of (A) the Interest Remittance Amount remaining after the application of payments pursuant to clauses A. through D. of Section 4.02(b)(i) plus (B) the Principal Payment Amount remaining after the application of payments pursuant to clauses A. through E. of Section 4.02(b)(ii) or (iii).