Regular Interest Rate definition

Regular Interest Rate means the rate of interest payable periodically on a Mortgage Loan and shall be equal to (i) 500 basis points and 300 basis points in excess of the rate on a treasury obligation having a maturity substantially similar to that of the Mortgage Loan for fixed rate Junior and First Mortgage Loans, respectively, and 400 basis points and 200 basis points in excess of the Prime Rate, or 570 basis points and 370 basis points in excess of the Federal Funds Rate, for variable rate Junior and First Mortgage Loans, respectively.

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Regular Interest Rate means interest at an annual rate of six and seventy-six one-hundredths percent (6.76%), as such rate shall be reset in accordance with Section 5.5, below.

Regular Interest Rate shall have the meaning assigned to such term in the Mortgage Loan Agreement.

Examples of Regular Interest Rate in a sentence

• In the event it is determined that the protesting Party is entitled to a refund of all or any portion of a disputed payment or payments, or is entitled to reimbursement of the cost of performing a disputed obligation theretofore made or performed, then the protesting Party shall be reimbursed such amount with interest at the Regular Interest Rate for the period involved.

• ANNUAL INTEREST RATE AVERAGE DAILY BALANCE $100 $500 $1,000 Regular Interest Rate 19.90% $1.64 $8.18 $16.36 Low Interest Rate 12.90% $1.06 $5.30 $10.60 Cash advance 19.90% $1.64 $8.18 $16.36 We calculate interest according to the annual interest rate in effect, as set out in the Consumer Protection Act and the Regulation Respecting the Application of the Consumer Protection Act.

• ANNUAL INTEREST RATE AVERAGE DAILY BALANCE $100 $500 $1,000 Regular Interest Rate 19.90% $1.64 $8.18 $16.36 Low Interest Rate 12.90% $1.06 $5.30 $10.60 Cash advance 19.90% $1.64 $8.18 $16.36 10.

• ANNUAL INTEREST RATE AVERAGE DAILY BALANCE $100 $500 $1,000 Regular Interest Rate 19.90% $1.64 $8.18 $16.36 Low Interest Rate 12.90% $1.06 $5.30 $10.60 Cash advance 19.90% $1.64 $8.18 $16.36 In all cases, any reversal of payment and any dishonoured payment made by cheque or by preauthorized debit will generate interest at the applicable rate as established in this section, as if the payment had never been made.

• Borrower shall continue to be obligated to make payments of interest in monthly installments following the Anticipated Repayment Date on each Monthly Payment Date thereafter up to and including the Maturity Date in an amount equal to the Monthly Debt Service Payment Amount (calculated at the Regular Interest Rate) and, notwithstanding the following provision with respect to Accrued Interest, the failure to make such payment as and when due shall constitute an Event of Default.

More Definitions of Regular Interest Rate

Regular Interest Rate means Six and 36/100 (6.36%) percent per annum.

Regular Interest Rate means, in addition to the Guaranteed Interest Rate, a non-zero positive regular interest rate will be declared annually by the Insurer at the end of each financial year.

Regular Interest Rate means an interest rate equal to seven and one one-hundredth percent (7.01%) per annum.

Regular Interest Rate means the rate of interest payable periodically on a Mortgage Loan and shall be equal to (i) 500 basis points and 300 basis points in excess of the rate on a treasury obligation having a maturity substantially similar to that of the Mortgage Loan for fixed rate Junior and

Regular Interest Rate means a rate per annum equal to 3.795%.

Regular Interest Rate means in the case of interest payments owing to any Owner pursuant to this Agreement, the prime rate published in the Wall Street Journal on the first Business Day of the month.

Regular Interest Rate means (8.177%) per annum.