Variable Interest Rate definition

Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

Variable Interest Rate or “variable rate” means a rate of interest greater than zero which is subject to change from time to time under sub. (2).

Variable Interest Rate means a variable interest rate to be borne by any Permitted Debt. The method of computing such variable interest rate shall be specified in the Supplemental Indenture pursuant to which such Permitted Debt is incurred. Such Supplemental Indenture shall also specify either (a) the particular period or periods of time for which each value of such variable interest rate shall remain in effect, or (b) the time or times upon which any change in such variable interest rate shall become effective.

Examples of Variable Interest Rate in a sentence

• Maturity Date for Fixed Interest Rate or Variable Interest Rate loans,b.

• Early Payout Penalty refers to an amount that may be charged when you pay Fixed Interest Rate debt or Variable Interest Rate debt in advance of the Maturity Date.

• Interest Rate means the Fixed Interest Rate or the Variable Interest Rate, or such other rate as may be set out in the Registered Mortgage or the Commitment Letter or Loan Agreement.

• As of the Effective Date of a change in the Base Rate, Lakes shall adjust the monthly installments of principal and interest as of the installment next following the Effective Date so that the then unpaid principal balance would be amortized in full at the revised Variable Interest Rate five years after such commencement of gaming.

• Minimum Interest Rate - means, with respect to any particular Variable Interest Rate Obligations, a numerical rate of interest which may (but need not) be set forth in the Supplemental Resolution, or Credit Agreement, as appropriate, authorizing such Obligations that shall be the minimum rate of interest such Obligations will at any time bear.

More Definitions of Variable Interest Rate

Variable Interest Rate means a variable interest rate to be borne by any Permitted Debt. The method of computing such variable interest rate shall be specified in the instrument pursuant to which such Permitted Debt is incurred. Such instrument shall also specify either (a) the particular period or periods of time for which each value of such variable interest rate shall remain in effect, or (b) the time or times upon which any change in such variable interest rate shall become effective.

Variable Interest Rate means a variable interest rate or rates to be borne by a Series of Bonds or any one or more maturities within a Series of Bonds, the method of computing such variable interest rate is specified in the Series Resolution authorizing such Bonds or a Bond Series Certificate and shall be based on (i) a percentage or percentages or other function of an objectively determinable interest rate or rates (e.g., a prime lending rate) or a function of such objectively determinable interest rate or rates which may be in effect from time to time or at a particular time or times; provided that such variable interest rate shall be subject to a Maximum Interest Rate and may be subject to a Minimum Interest Rate and that there may be an initial rate specified, in each case as provided in such Series Resolution or a Bond Series Certificate or (ii) a stated interest rate that may be changed from time to time as provided in the Series Resolution authorizing such Bonds or a Bond Series Certificate; and provided that such interest rate shall be subject to a Maximum Interest Rate; and provided, further, that such Series Resolution or Bond Series Certificate shall also specify either (i) the particular period or periods of time or manner of determining such period or periods of time for which each value of such variable interest rate shall remain in effect or (ii) the time or times upon which any change in such variable interest rate shall become effective.

Variable Interest Rate means a variable interest rate or rates to be borne

Variable Interest Rate means the rate or rates of interest to be borne by a Bond which is or may be varied from time to time in accordance with the method of determining such interest rate or rates established for such Bond; provided, however, that such variable interest rate may be subject to a Maximum Interest Rate and a Minimum Interest Rate and that there may be an initial rate specified, in each case as provided in such Supplemental Indenture.

Variable Interest Rate means any variable interest rate or rates to be borne by any

Variable Interest Rate means an annual rate equal to five and 79/100 percent (5.79%) until the Initial Adjustment Date, and from and after the Initial Adjustment Date, the LIBOR Rate as of the date which is one (1) Business Day prior to the applicable Adjustment Date plus the Variable Rate Margin, but not greater than the Ceiling Rate and not less than the Floor Rate, and in each case as the same may be increased as provided in Section 6.4 of the Loan Agreement.

Variable Interest Rate means an annual percentage rate that is not derived from a fixed reference rate.