Definition of Term Interest Rate


Term Interest Rate means a floating per annum rate of interest equal to the LIBOR Rate plus five percent (5.0%) per annum.
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Examples of Term Interest Rate in a sentence

We focus on Short Term Interest Rate Futures contracts and manage interest rate risk, by locking in fixed interest rate.
During any Term Interest Rate Period, interest on the Bonds shall be computed upon the basis of a 360-day year, consisting of twelve 30-day months.
During each Term Interest Rate Period, the Bonds shall bear interest at the Term Interest Rate determined by the Remarketing Agent on a Business Day selected by the Remarketing Agent, but not more than 60 days prior to and not later than the effective date of such Term Interest Rate Period.
Except as otherwise provided in this Section 2.2(b), the principal amount of the Term Loan outstanding from time to time shall bear interest at the Term Interest Rate.
Except as otherwise provided in this Section 2.2(b), the principal amount of the Term Loan outstanding from time to time shall bear interest at the applicable Term Interest Rate.