Stated Interest definition

Stated Interest as used in this endorsement shall mean only the per annum interest on the unpaid principal balance of the loan provided in the insured mortgage at date of Policy.

Stated Interest means, with respect to any Equipment Note, interest payable on such Equipment Note at the Stated Rate for such Equipment Note.

Stated Interest shall have the meaning set forth in Section 2.1.1.

Examples of Stated Interest in a sentence

• Stated Interest, and, if applicable, Additional Interest and Special Interest, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months.

• For the avoidance of doubt, any Additional Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and, subject to the proviso of the immediately preceding sentence, in addition to any Special Interest that accrues on such Note.

• For the avoidance of doubt, any Special Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and, subject to the proviso of the immediately preceding sentence, in addition to any Additional Interest that accrues on such Note.

• Stated Interest on this Note will begin to accrue from, and including, [date].

• This Note will accrue interest (the “Stated Interest”) at a rate per annum equal to the Stated Interest Rate.

More Definitions of Stated Interest

Stated Interest means, with respect to any Note, interest payable on such Note at the Stated Rate for such Note.

Stated Interest has the meaning specified in Section 4.01.

Stated Interest. RATE shall mean, with respect to each Interest Period, the rate of interest set forth on EXHIBIT A hereto for such Interest Period. TREASURY RATE shall mean, as of any Payment Date, the yield, calculated by linear interpolation (rounded to the nearest one-thousandth of one percent) of the yields of noncallable United States Treasury obligations with terms (one longer and one shorter) most nearly approximating the period from such Payment Date to the Anticipated Repayment Date (and converted to a monthly equivalent yield), as determined by Lender on the basis of Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Governmental Security/Treasury Constant Maturities or, if such publication is unavailable, such other recognized source of financial market information as shall be selected by Lender for the week prior to such Payment Date. YIELD MAINTENANCE PREMIUM shall mean an amount equal to the product of: (a) the positive difference (expressed as a percentage of the outstanding Principal Amount before any prepayment), if any, as of the date of determination between (i) the present value of all future scheduled payments of interest and principal, including the principal amount due on the Anticipated Repayment Date, to be made on this Note before the prepayment in question, discounted at an interest rate per annum equal to the Treasury Rate, and (ii) the outstanding Principal Amount immediately before such prepayment; and (b) the Principal Amount being prepaid.

Stated Interest has the meaning set forth in Section 4(B).

Stated Interest shall have the meaning set forth in paragraph 1 of the Securities.

Stated Interest means, with respect to any Note, the amount of interest payable on such Note at the Stated Rate set forth in the related Supplement.

Stated Interest means interest calculated pursuant to paragraph 3(a) of this Bond.