Special Interest Rate definition
Special Interest Rate means (if any) the “Special Interest Rate” specified in the Important Information Section. For clarity, the Special Interest Rate is the fixed rate of interest (which will be lower than the Standard Variable Rate) which we will charge on the Facility for the Instalment Payments specified in the corresponding part of the Important Information Section. Standard Variable Rate means the “Standard Variable Rate” specified in the Important Information Section. For clarity, the Standard Variable Rate is the variable rate of interest that is applicable to the Facility (as at the Start Date) for the Instalment Payments specified in the corresponding part of the Important Information Section. Start Date means the date you enter the Acceptance Code, being the date at which you accept the offer of the Facility and agree to be legally bound by the Agreement. For clarity, the Agreement only becomes effective on the Agreement Date.
Special Interest Rate specified in the Important Information Section. For clarity, the Special Interest Rate is the fixed rate of interest (which will be lower than the Standard Variable Rate) which we will charge on the Facility for the Instalment Payments specified in the corresponding part of the Important Information Section. Standard Variable Rate means the “Standard Variable Rate” specified in the Important Information Section. For clarity, the Standard Variable Rate is the variable rate of interest that is applicable to the Facility (as at the Start Date) for the Instalment Payments specified in the corresponding part of the Important Information Section. Start Date means the date you enter the Acceptance Code, being the date at which you accept the offer of the Facility and agree to be legally bound by the Agreement. For clarity, the Agreement only becomes effective on the Agreement Date.
Special Interest Rate means the rate of interest equal to the rate per annum announced by Citibank, N.A., or such other nationally recognized bank located in the United States as the Company may select, as its prime lending rate.
Examples of Special Interest Rate in a sentence
The APR will go up or down in accordance with variations in the Standard Variable Rate and (where applicable) the Special Interest Rate.
The Instalment Payments during this period will include interest at the Special Interest Rate.
Following such failure to pay pursuant to a Special Mandatory Purchase, such Notes will bear interest at the Special Interest Rate as provided for in Section 205 hereof.
Following such failure to pay pursuant to a Special Mandatory Purchase, such Notes will bear interest at the Special Interest Rate as provided for in Section 204 hereof.
If payment is not received within ten (10) days from the date the invoice is transmitted or delivered, interest at the Special Interest Rate will accrue from date of presentation until payment is received.
More Definitions of Special Interest Rate
Special Interest Rate means (if any) the “Special Interest Rate” specified in the Important Information Section. For clarity, the Special Interest Rate is the fixed rate of interest (which will be lower than the Standard Variable Rate) which we will charge on the Facility for the Instalment Payments specified in the corresponding part of the Important Infor- mation Section. Standard Variable Rate means the “Standard Variable Rate” specified in the Important Information Section. For clarity, the Standard Variable Rate is the variable rate of in- terest that is applicable to the Facility (as at the Start Date) for the Instalment Payments specified in the corresponding part of the Important Information Section. Start Date means the date you complete the Acceptance Process, being the date at which you accept the offer of the Facility and agree to be legally bound by the Agreement.
Special Interest Rate means (a) if the LTV Ratio exceeds 62.5% on a Determination Date, 2.0% for each subsequent Interest Period until such time as the LTV Ratio does not exceed 62.5%, and (b) otherwise, zero.
Special Interest Rate shall have the meaning set forth in Section 205 hereof. "Special Mandatory Purchase" shall have the meaning specified in Section 210(a) hereof. "Spread" shall mean the number of basis points to be added to or subtracted from the related Interest Rate Basis or Bases applicable to an Interest Rate Period for such Note. "Spread Multiplier" shall mean the percentage of the related Interest Rate Basis or Bases applicable to an Interest Rate Period by which such Interest Rate Basis or Bases will be multiplied to determine the applicable interest rate from time to time for an Interest Rate Period. "SPURS Agent" shall mean the remarketing agent granted the option under a SPURS Remarketing Agreement to purchase Notes in the SPURS Mode and subsequently remarket the repurchased Notes at a SPURS Interest Rate. "SPURS Interest Rate" shall mean the rate equal to the Base Rate established by a SPURS Agent, after consultation with the Company, at or prior to the commencement of the applicable SPURS Mode, plus the Applicable Spread, which will be based on the Dollar Price. "SPURS Mode" shall mean, with respect to any Note, the Interest Rate Mode in which such Note shall bear interest and be subject to remarketing as "Structured PUtable Remarketable Securities" ("SPURS") as provided for in Article Three hereof. "SPURS Period" shall mean, with respect to any Note remarketed by the Initial SPURS Agent on the Initial SPURS Remarketing Date, that portion of the SPURS Rate Period commencing on the Initial SPURS Remarketing Date up to, but excluding, the next succeeding Interest Rate Adjustment Date. "SPURS Rate Period" shall mean an Interest Rate Period for any Note in the SPURS Mode established by the Company as a period of more than 364 days and less than the remaining term to the Stated Maturity of such Note; provided, however, that such Interest Rate Period must end on the day prior to an Interest Payment Date for such Note. The SPURS Rate Period shall consist of the period to and excluding the SPURS Remarketing Date and the period from and including the SPURS Remarketing Date to, but excluding, the next succeeding Interest Rate Adjustment Date. "SPURS Remarketing Agreement" shall mean the agreement by and between the Company and the SPURS Agent dated as of the date commencing the applicable SPURS Rate Period that sets forth the rights and obligations of the Company and the SPURS Agent with respect to the remarketing of Notes in the SPURS Mode. "SPURS Remarketing Date" shall...
Special Interest Rate shall have the meaning set forth in Section 205 hereof.
Special Interest Rate means a rate per annum equal to twice the prime rate published in the Wall Street Journal on the first Business Day of the month.
Special Interest Rate means the effective interest rate that Citibank may specify and publish and is applicable to the Amount Transferred at the time the BT is applied for. The "Special Interest Rate Term" means the period of time during which the Special Interest Rate is applicable to the Amount Transferred, as specified and published by Citibank.
Special Interest Rate means, with respect to the calculation of interest pursuant to Section 2.07(a) on any particular date (such date, the “Interest Calculation Date”), (a) if the LTV Ratio exceeds the LTV Maximum Threshold on the Determination Date for the most recently ended Payment Date occurring in the month of October (each an “LTV Test Date”), [***] for each subsequent Interest Period until such time as the LTV Ratio does not exceed LTV Maximum Threshold (including if such time occurs based on an interim determination on an Optional TV Test Date), and (b) otherwise, [***].