Revisable Rate definition

Revisable Rate means a rate initially specified in the Disbursement Notice and subsequently in a Revision Notice, which rate shall be the Fixed Rate for a Tranche having a term within the relevant Reference Period equivalent to that of the relevant Revisable-Rate Tranche. ‘‘Revision Date’’ means the end date of each Revisable-Rate Reference Period other than the final such period. ‘‘Revision Notice’’ has the meaning given to it in Paragraph B.
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Examples of Revisable Rate in a sentence

  • In accordance with Schedule D, interest shall be reset as of each Revision Date and shall be calculated at an annual rate equal to the Revisable Rate applicable to the relevant Revisable-Rate Reference Period.

  • The Bank shall notify the Borrower, not later than 15 days prior to the Prepayment Date, of the Prepayment Amount, of the interest due thereon, and, in case of prepayment of a Fixed-Rate Tranche or Revisable Rate Tranche of the indemnity payable under Article 4.02B or, as the case may be, that no indemnity is due.

  • In the Revision Notice, the Bank may indicate that, on the relevant Revision Date, the Revisable- Rate Tranche may be converted into a VSFR Tranche (if the Revisbale-Rate Tranche is denominated in CZK) or an FSFR Tranche for its remaining term.

  • In the Revision Notice, the Bank may indicate that, on the relevant Revision Date, the Revisable- Rate Tranche may be converted into a VSFR Tranche (if the Tranche is denominated in CZK) or an FSFR Tranche for its remaining term.

  • The Bank shall notify the Borrower, not later than 15 days prior to the Prepayment Date, of the Prepayment Amount, of the interest due thereon, and, in case of prepayment of a Fixed-Rate Tranche or Revisable Rate Tranche, of the indemnity payable under Article 4.02B or, as the case may be, that no indemnity is due.