Variable Rate Interest Rate definition

Variable Rate Interest Rate means an adjustable interest rate, equal to the Margin plus the Index, in effect on a Variable Rate Loan during its term and on a Fixed to Float Loan during the Extension Period for such Fixed to Float Loan, if applicable, that periodically adjusts as set forth in the Note for such Loan.
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Examples of Variable Rate Interest Rate in a sentence

  • The Variable Rate Interest Rate will adjust each interest adjustment period (each one calendar month period) so as to equal the Index Rate plus the Margin.

  • If an Extension Period applies to a Fixed to Float Loan, the interest rate shall convert to a Variable Rate Interest Rate on the first day of the Extension Period.

  • During the Extension Period, the Variable Rate Interest Rate shall adjust each calendar month so as to equal the Index Rate plus a Margin as set forth in the Commitment.

  • CERTIFICATES PLEDGED AS COLLATERAL FOR MORTGAGE‌ (2 Year only) CERTIFICATES OF DEPOSIT Date Opened: Account #: CD Term: 2 YEAR Renewal Term: 2 YEAR if Fixed Rate/1 YEAR if Variable Rate Interest Rate: % Annual Percentage Yield: % Variable* or Fixed Rate of Interest: *For variable rate accounts, we may change the interest rate on your account every February and August.

Related to Variable Rate Interest Rate

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.68%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

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

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen Page") (or on a screen page replacing such screen page) on the immediately preceding Reset Date, provided that if such day is a Monday, the relevant day will be the immediately preceding Friday; all as determined by the Determination Agent.

  • 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.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;