Strike Rate means a fixed rate of interest under the Cap Agreement that does not exceed the Original Strike Rate. Rate Cap Agreement and Rate Cap Agreement Reserve Fund RIDER TO MULTIFAMILY LOAN AND SECURITY AGREEMENT TRADE NAMES (Revised 3-1-2014) The following changes are made to the Loan Agreement which precedes this Rider:
Strike Rate. With respect to the Corridor Contract and any Distribution Date, the "Cap Rate" specified for the Calculation Period related to such Distribution Date in the Corridor Contract.
Strike Rate. With respect to any Distribution Date and the Yield Maintenance Agreement, the strike rate listed on Schedule III hereto.
Examples of Strike Rate in a sentence
Interest Rate Cap Interest rate agreement between the Borrower and aprovider for which the Borrower receives payments at the end of each period when the interest rate exceeds the Cap Strike Rate.
This is because the Spot Rate on the day will provide you with a better rate of exchange than the Strike Rate.
When you, the buyer, enter into a Vanilla Option you nominate the Currency Couple, Strike Rate and Expiry Date.
If the Underlying Exchange Rate is in the Conversion Range, the Investment Amount converted into the Alternate Currency at Strike Rate.
This is because the prevailing Spot Rate for the Currency Pair is a more favourable Exchange Rate than the Strike Rate.
More Definitions of Strike Rate
Strike Rate. With respect to any Distribution Date and each Yield Maintenance Agreement, the amount listed on Schedule II hereto.
Strike Rate. With respect to the Cap Contract and any Payment Date, the "Cap Rate" specified for the Calculation Period related to such Payment Date in the Cap Contract.
Strike Rate. With respect to any Distribution Date and the Yield Maintenance Agreement, the strike rate for such date set forth on Exhibit I of the Yield Maintenance Agreement.
Strike Rate means 5.75%.
Strike Rate means (i) with respect to the period from the Closing Date through the Floating Rate Component Initial Maturity Date, a percentage rate equal to four and three-quarters percent (4.75%) and (ii) with respect to any Floating Rate Component Extension Period, the lower of (a) a percentage rate equal to five and one-quarters percent (5.25%) and (b) a percentage rate equal to a percentage rate per annum which, when added to the LIBOR Spread, would yield a Debt Service Coverage Ratio of at least 1.20:1.00.
Strike Rate shall have the meaning set forth in Section 5.2.
Strike Rate means (i) with respect to the initial term of the Loan, four and one-quarter percent (4.25%) and (ii) with respect to each Extension Period, a percentage rate equal to the percentage rate per annum which, when added to the LIBOR Spread, Alternate Rate Spread, or Prime Rate Spread, as applicable, would yield a Debt Service Coverage Ratio of at least 1.10:1.00.