Stated Rate of Interest definition

Stated Rate of Interest means, with respect to any class of the Notes for any Interest Accrual Period, the interest rate set forth in such class of Notes for such Interest Accrual Period.
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Stated Rate of Interest means (i) with respect to each subclass of ACS Group Securities (other than Class E Securities), the interest rate set forth in such ACS Group Securities and (ii) with respect to the Certificates, has the meaning given to such term in the Pass Through Trust Agreement.
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Stated Rate of Interest means, with respect to each subclass of Notes (a) the interest rate set forth in such Notes plus (b) Maturity Step-Up Interest, if any, thereon plus (c) (i) with respect to Initial Notes that are Registrable Notes, if a Registration Default (as defined and determined under Section 5 of the Registration Rights Agreement relating to such Initial Notes) shall have occurred and be continuing, 0.5% per annum until such Registration Default shall no longer be deemed to be continuing (as determined under Section 5 of such Registration Rights Agreement), or (ii) with respect to any Refinancing Notes or Additional Notes that are Registrable Notes, an exchange offer of Exchange Notes for such Refinancing Notes or Additional Notes is not commenced or a Shelf Registration Statement for the resale of such Refinancing Notes or Additional Notes is not declared effective by the Commission, on or before the date specified in the Registration Rights Agreement, if any, relating to such Refinancing Notes or Additional Notes that are also Registrable Notes, plus such additional rate specified in such Registration Rights Agreement until such date as is so specified (the additional interest resulting from any such increase pursuant to clause (i) or (ii), "REGISTRATION STEP-UP INTEREST").
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Examples of Stated Rate of Interest in a sentence

  • Any amount of premium or interest on any subclass of Securities not paid when due shall, to the fullest extent permitted by applicable law, bear interest at an interest rate per annum equal to the Stated Rate of Interest for such Securities from the date when due until such amount is paid or duly provided for, due and payable on the next succeeding Payment Date, subject to the availability of the Available Collections therefor after making payments entitled to priority under Section 3.08 hereof.

  • If any Loan to be repaid shall not be so paid upon, the amount in respect thereof shall continue to bear interest until paid from the Repayment Date at the Stated Rate of Interest.

  • If any Security to be redeemed shall not be so paid upon surrender thereof for redemption, the amount in respect thereof shall continue to bear interest until paid from the Redemption Date at the Stated Rate of Interest applicable to such Security.

  • If any Loan or Class E Security to be repaid shall not be so paid upon, the amount in respect thereof shall continue to bear interest until paid from the Repayment Date at the Stated Rate of Interest.

  • Interest shall accrue on the unpaid principal balance of this Note at the rate of Ten Percent (10%) per annum (the "Stated Rate of Interest") from the date hereof.

  • Upon the occurrence and during the continuation of an Event of Default, at Lender's option, at Lender's sole discretion, Lender may increase the Stated Rate of Interest, as set forth in Schedule Section 2.2.(i), up to an additional two percent (2%) per annum, but not in excess of the Maximum Rate, and shall provide Borrower contemporaneous administrative written notice.

  • Upon an Event of Default the unpaid principal sum hereof and accrued but unpaid interest shall bear interest at a rate equal to Five Percent (5%) above the Stated Rate of Interest (as defined in Section 1 hereof), compounded monthly, retroactive to the date of occurrence of such Event of Default.

  • But the strategists, led by Mike Wilson, also say in a note that there is nothing to fear in a potential recession, and investors should "embrace it." As earnings revisions come down, the analysts expect the S&P 500 to fall back to the lows around the 2400 level, and that would be a time to buy.Wilson goes on to say; “December’s sell-off was scary, with a large majority of stocks pricing in a recession and breaking support on very high volume.


More Definitions of Stated Rate of Interest

Stated Rate of Interest means, in the case of the Class A Notes, 7.00%, and in the case of any Refinancing Notes or Class B Notes, the Stated Rate of Interest established by the Board Resolution or indenture supplemental hereto providing for the issuance of such Refinancing Notes or Class B Notes.
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Stated Rate of Interest means, with respect to each subclass of MSAF Group Notes, the interest rate set forth in such MSAF Group Notes; provided, however, if an exchange offer registered under the Securities Act is not consummated or a Shelf Registration Statement under the Securities Act with respect to resales of (i) the Initial Notes is not declared effective by the Commission on or prior to the date that is 270 days after the Initial Closing Date provided that if such day is not a Business Day, then the next succeeding Business Day, the Stated Rate of Interest for such MSAF Group Notes shall increase by 0.5% per annum until (A) such exchange offer is consummated or (B) the Shelf Registration Statement is declared effective or (ii) any MSAF Group Additional Notes is not declared effective by the Commission on or prior to the date specified in the Registration Rights Agreement relating to such MSAF Group Notes, the Stated Rate of Interest shall increase by the rate specified in such Registration Rights Agreement until such time as is specified therein.
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Stated Rate of Interest means, with respect to the Notes for any Interest Accrual Period, 14% per annum, plus, if (i) the Issuer or the Trustee makes a Visual Connections Payment or a Xxxxxxx Payment, (ii) a Royalty Payment is reduced by all or a portion of a Marketing Payment, Liquidated Damages or any other amount, or (iii) Xxxxxxx makes a Xxxxxxx Payment, the Stated Rate of Interest shall be increased by seventy-five hundredths of a percent (0.75%) until such time as MedPro has reimbursed the Issuer the full amount of any such Visual Connections Payment, Liquidated Damages, other amount or Xxxxxxx Payment, as the case may be, and such amount has been deposited in the Collection Account for application as a Collection and as an Available Collection Amount in accordance with Section 3.7.
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Stated Rate of Interest means, with respect to each subclass of AerCo Group Notes, the interest rate set forth in such AerCo Group Notes; provided, however, if an exchange offer registered under the Securities Act is not consummated or a Shelf Registration Statement under the Securities Act with respect to resales of (i) the Initial Notes other than the Subclass D-1 Notes or the Subclass E-1 Notes is not declared effective by the Commission on or prior to the date that is 270 days after the Initial Closing Date provided that if such day is not a Business Day, then the next succeeding Business Day, the Stated Rate of Interest for such AerCo Group Notes shall increase by 0.5% per annum until (A) such exchange offer is consummated or (B) the Shelf Registration Statement is declared effective or (ii) any AerCo Group Additional Notes is not declared effective by the Commission on or prior to the date specified in the Registration Rights Agreement relating to such AerCo Group Notes, the Stated Rate of Interest shall increase by the rate specified in such Registration Rights Agreement until such time as is specified therein.
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Related to Stated Rate of Interest

  • Fixed Rate of Interest means the rate of interest payable from time to time in respect of a Fixed Rate Tier 1 BCN or during the Fixed Interest Rate Period in respect of a Fixed/Floating Rate Tier 1 BCN and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.

  • Prime Rate of Interest means the prime rate of interest published from time to time in the Wall Street Journal as the prime rate; provided, however that if the Wall Street Journal does not publish the Prime Rate of Interest, then the term “Prime Rate of Interest” shall mean the rate of interest publicly announced by Bank of America, N.A., as its Prime Rate, Base Rate, Reference Rate or the equivalent of such rate, whether or not such bank makes loans to customers at, above, or below said rate.

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Default Rate of Interest means a rate of interest per annum on any Obligations hereunder, equal to the sum of: (a) two percent (2%) and (b) the applicable increment over the Base Rate (as set forth in paragraph 8.1 hereof) plus the Base Rate, which the Lender shall be entitled to charge the Companies on all Obligations due the Lender by the Companies, as further set forth in Paragraph 10.2 of Section 10 of this Financing Agreement.

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • First Reset Rate of Interest means, in respect of the First Reset Period and subject to Condition 5.2(b), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the Reference Rate and the First Margin;

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.

  • Maximum Rate of Interest It is intended that the rate of interest hereon shall never exceed the maximum rate, if any, which may be legally charged on the loan evidenced by this Note ("Maximum Rate"), and if the provisions for interest contained in this Note would result in a rate higher than the Maximum Rate, interest shall nevertheless be limited to the Maximum Rate and any amounts which may be paid toward interest in excess of the Maximum Rate shall be applied to the reduction of principal, or, at the option of HSBC, returned to the Company.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period and subject to Condition 4(b)(ii), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • Stated Rate has the meaning set forth in Section 2.7.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • LIBOR Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(ii) [Revolving Credit LIBOR Rate Option].

  • Designated Rate means the rate of interest per annum described in the Supplement as being applicable to an outstanding Loan from time to time.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Notice of Interest Rate Election has the meaning set forth in Section 2.08.

  • Base Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(i) [Revolving Credit Base Rate Option].

  • Floating Rate Period has the meaning set forth in section 2.5(b)(ii) hereof.

  • LIBOR-Based Rate means, with respect to each Interest Period, the per annum interest rate equal to the London Interbank Offered Rate which appears on Telerate Page 3750 at approximately 11:00 a.m. (London time) two LIBOR Business Days prior to the first day of such Interest Period for deposits of United States dollars for a period of time comparable to the Interest Period, and in an amount comparable to the principal amount of the Loan, plus 0.35%.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Base rate of pay means the employee’s hourly rate of pay excluding any premiums, incentives, add-ons or rollups.