Rate Lock means determining the fixed interest rate on a Fixed Rate Loan or Fixed to Float Loan or the Index and the Margin on a Variable Rate Loan pursuant to this Agreement and the applicable Commitment.
Rate Lock means the annual rate of interest and terms and conditions specified on a related Rate Sheet for a Mortgage Loan.
Rate Lock means, for any Mortgage Loan, a specific commitment by the applicable Approved Investor to purchase such Mortgage Loan for an agreed upon price based on the interest rate and other principal characteristics appurtenant to such Mortgage Loan, which commitment shall be in effect for a period of time sufficient to enable such Approved Investor, in the reasonably anticipated course of events, to consummate such purchase.
Examples of Rate Lock in a sentence
If you choose to lock a fixed rate in your loan for a term:• You must pay the Fixed Rate Lock Fee of $395.
For more details on Guaranteed Crediting Interest Rate Lock option, please refer to “Crediting Interest Rate” in Product Factsheet (Jade Global Generations Universal Life/ Jade Ultra Global Generations Universal Life).
It is based on a male, age 50, standard non-smoker, 1-year Guaranteed Crediting Interest Rate Lock with no NLG Benefit option or supplementary benefits selected.
NAI must reimburse to BNPPLC any Fixed Rate Settlement Amount charged to BNPPLC in connection with such a termination, and if the termination is a complete, rather than a partial, termination of the Fixed Rate Swap then in effect, it will for purposes of this Lease constitute a termination of the Fixed Rate Lock itself.
The Interest Rate Lock Date for the modification is the date that the Interest Rate Cap for a modified mortgage loan is determined.
More Definitions of Rate Lock
Rate Lock means that communication by and between Buyer and Seller whereby Buyer agrees to fund or purchases a Mortgage Loan at a particular interest rate within a particular time period, and Seller aggress to deliver a Mortgage Loan at that interest rate and with that time period. The definitions of other terms used in this Agreement, or in any other document arising from this Agreement shall be interpreted in accordance with FHLMC or FNMA definitions and usages.
Rate Lock. Lender will lock the Interest Rate on the Loans upon receipt by Lender of a good faith deposit equxx xx 2% of the Loan Amount and the execution by Sponsor of Lender's standard rate lock agreemxxx. Xpon receipt of such good faith deposit and rate lock agreement, Lender will hedge the Loan. Sponsor shall be responsible for all hedge carrying costs, except for the first ten (10) days of hedge carrying costs (i.e., Borrower shall be entitled to a 10-day free rate lock). The good faith deposit, less the cost of the hedge, shall be refunded to the Borrower at closing.
Rate Lock shall have the meaning set forth in Section 2.5.2.1.
Rate Lock. Contribution Agreement This Contribution Agreement is entered into on , 2019 by and between _. (“Employer”) and Apex Management Group collectively hereafter referred to as “parties”. The Effective Date of this agreement shall be _, 2019. Employer has entered into this 4 yr. “Rate Lock” Contribution Agreement, pursuant to which Employer is obligated to remit monthly contributions beginning on , 2019 and every month thereafter for the next forty-eight (48) months in the amount listed below for the “Health Benefits” of its employees. Contributions are as follows: HDHP/Basic MEC Plan Advantage Plan EE Only $66.00 $133.75 EE + Child(ren) $96.00 $202.24 EE + Spouse $96.00 $218.24 EE + Family $96.00 $293.30 Apex Management Group has offered the “Health Benefits/Program” to Employer on a four (4) year rate guarantee basis. Any increase in total cannot exceed an 9% in total over the next 4 year period based on an annual underwriting retrospective review; and Employer has accepted said proposal. Employer has the right to terminate this agreement at any time during the term. In the event Employer terminates this agreement at any time during the term, Apex Management Group will require the following terms: A Sixty-Day (60) Advance Notice of Termination. The 60 days starts on the first of the month following receipt of termination notice or later if requested. During this Sixty-Day (60) day period, Employer will continue to remit premiums until requested date of termination As of date of termination, Incurred-But-Not-Reported (IBNR) claims will be paid out of reserves accumulated to-date for Employer. Should claims exceed the reserve, Employer will be billed the cost of those claims plus administrative expenses for management and adjudication of those claims. Apex Management Group has established a Segregated Trust Account/Bank Account for Employer for the purpose of the administration and funding of the Health Program. The Trust reserves the right and the authority to amend, suspend or terminate this Plan of Benefits. On or before the effective date of this Agreement, Employer shall deliver by wire or ACH, the initial monthly Remittance Payment pursuant to an updated Enrollment File; and subsequent Remittance Payments to Arizona Bank and Trust at: Arizona Bank & Trust Routing Number: 000000000 Account Name: HMA Account Number: 9361129893 Please note: When establishing the ACH for Contribution payment, to assure that it is properly accredited to your account, ple...
Rate Lock. Borrower Sponsor shall have the option, simultaneous with the execution of the Commitment Letter, or at any time up to the closing of the Loan, to lock in the Interest Rate, upon the terms and conditions set forth in Capital America's standard Interest Rate Lock Agreement. If Borrower Sponsor has not previously locked the Interest Rate at any time, Capital America shall have the option in its sole discretion to lock the Interest Rate within the 3-days prior to and including the day of closing of the Loan.
Rate Lock. The Interest Rate will be set no earlier than 9:00 a.m. (New York time) two (2) Business Days prior to the related funding date for no charge or deposit. If the Loan does not close within such two (2) Business Day period, except due to Lender's willful default, Borrower will reimburse Lender for any costs related to changes in interest rates. EXHIBIT 10.27
Rate Lock. Lender will lock the Interest Rate on the Loan Amount (or a lesser amount at Borrower’s option) upon receipt by Lender of a good faith deposit equal to 2% of the Loan Amount and the execution by Sponsor of Lender’s standard rate lock agreement, as modified to reflect the reconfiguration of the Loans and extension of the Extended Loans. Upon receipt of such good faith deposit and rate lock agreement, Lender will hedge the Loan. Sponsor shall be responsible for all hedge carrying costs. The good faith deposit, less the cost of the hedge, shall be refunded to the Borrower at closing. Amortization: Interest only period co-termininous with Prior Financing interest only period (i.e., 5 years from the closing of the Prior Financing), 25 year amortization schedule thereafter. Anticipated Closing Date: Borrower and Lender shall use commercially reasonable efforts to fund the full Loan Amount on or about October 12, 2005, provided that Lxxxxx agrees that it will fund the Loan Amount in up to three stages as Sponsor obtains the release of the New Properties from the liens of certain existing mortgages. Notwithstanding the foregoing, Sxxxxxx agrees that at least Loans 1 and 6 (as described on Exhibit B) must close no later than October 12, 2005, in order to accommodate Lxxxxx’s securitization schedule. Fees and Expenses: Borrower will be required to pay no origination fee. Mxxxxxx Lxxxx will be entitled to: (i) the Initial Deposit (as defined below), (ii) a Loan Underwriting Fee of $25,000, and (iii) reimbursement of its out-of-pocket expenses (including without limitation reasonable fees and expenses of third party due diligence consultants and legal counsel), incurred in connection with this transaction whether or not it actually closes (the “Lender Expenses”). Borrower will be directly responsible for payment of any additional fees incurred by Borrower in connection with the origination of the Loan (e.g., Bxxxxxxx’s counsel, transfer and mortgage recording taxes, brokers’ fees, title, survey, etc.).