Variable Rate Loans definition

Variable Rate Loans means those Loans to the extent that and for such period that their Mortgage Terms provide that they are subject to a rate of interest or margin which may vary from time to time in accordance with and subject to their relevant Mortgage Terms and/or by reference to a variable or discretionary reference rate of interest;
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Variable Rate Loans is defined in Section 1.1.
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Variable Rate Loans means those Loans (which for the avoidance of doubt, shall include any Further Advance in respect of a Loan, each to be regarded as a separate Loan for the purpose of this definition) to the extent that and for such period that their Mortgage Terms provide that they are subject to a rate of interest which may at any time be varied in accordance with the relevant Mortgage Terms (and shall, for the avoidance of doubt, exclude (i) Loans (or any Further Advance in respect thereof, as the case may be) during the period that the interest on all or part of the Outstanding Principal Balance (or the relevant part of the Outstanding Principal Balance, in the case of a Further Advance) is fixed and (ii) Loans (or any Further Advance in respect thereof, as the case may be) for which the interest rate on all of the Outstanding Principal Balance (or the relevant part of the Outstanding Principal Balance, in the case of a Further Advance) is linked to the Bank of England Base Rate).
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Examples of Variable Rate Loans in a sentence

  • Unless otherwise specified in a part of the Mortgage other than these Terms, the following provisions in this paragraph apply only to Uncapped Variable Rate Loans and Capped Variable Rate Loans.

  • The provisions set forth above in paragraph 2(a)(ii)(A) of Part III above for Uncapped Variable Rate Loans apply to a Capped Variable Rate Loan, except that during the Term, the interest rate will never exceed the Cap Rate specified in the Loan Details Area showing same.

  • Single Currency Variable Rate Loans: Since October 1, 1997, the Bank has offered single currency variable rate loans.

  • Variable Rate Loans will not usually have an Early Repayment Charge.

  • Multi-Currency Variable Rate Loans: Between July 1, 1990 and September 30, 1997, the Bank offered variable rate loans to its borrowers.


More Definitions of Variable Rate Loans

Variable Rate Loans means Loans that bear interest at rates based on the Variable Rate. Credit Agreement
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Variable Rate Loans means those Loans which are subject to a rate of interest which may at any time be varied in accordance with the relevant Mortgage Terms (and shall, for the avoidance of doubt, exclude Fixed Rate Loans and Tracker Loans);]
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Variable Rate Loans means those Loans to the extent that and for such period that their Mortgage Terms provide that they are subject to a rate of interest which may at any time be varied in accordance with the relevant Mortgage Terms (and shall, for the avoidance of doubt, exclude Loans during the period that they are Fixed Rate Loans or Tracker Rate Loans);
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Variable Rate Loans means any Revolving Credit Loan accruing interest based on the Variable Rate.
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Variable Rate Loans means those Loans bearing interest at the ------------------- Variable Rate. "Worldgate Property" is the property identified as such on Schedule I. ------------------ ----------
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Variable Rate Loans is defined in Section 5.1.
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Variable Rate Loans means Loans subject to a rate of interest linked to the Seller Standard Variable Rate or Issuer Variable Rate, as the case may be, for the life of the Loan or until an alternative product that the Borrower qualifies for is selected by the Borrower. Variable Rate Loans will not usually have an early repayment charge.
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