Fixed Interest. Fixed interest shall accrue on the principal balance outstanding hereunder at the rate of 8.5% per annum during the period from and including the date hereof through and including the payment in full of the principal balance of the Note (the "FIXED INTEREST"). Fixed Interest shall be payable in arrears on the last day of each March, June, September and December commencing on June 30, 1997. Fixed Interest shall be computed on the basis of a 360-day year of twelve 30-day months. Each Maker acknowledges that the Fixed Interest shall be calculated on an aggregate basis and that each Maker shall be jointly and severally liable for the payment of the entire amount of Fixed Interest.
Fixed Interest. Default Risks of borrowers (deposits and bonds); Terms and conditions when lending (senior, subordinated, convertible, definitions of default etc); Range of maturities (diversity across time); Liquidity (ability to sell mid-term); Return offered based on the risks above.
Fixed Interest. The applicable fixed interest to the Principal shall be an annually accrued fixed rate of 8% (the "Fixed Interest"), which shall be calculated based on a 360 days year and shall be due and payable on the Maturity Date (as defined in clause 3 below). The Fixed Interest shall be added to the Principal and considered for the purposes of capitalizing the Loan, excluding any withholding tax to be applied to the Fixed Interest.
Fixed Interest rate for paragraph 1 (1) of this article: The interest shall be calculated from the actual date of the borrow and the actual amount and the days used. Interest calculation formula: interest = principal * actual days * day interest rate. The calculation base of daily interest rate is 360 days a year, and the conversion formula is: daily interest rate = annual interest rate / 360.
Fixed Interest. (a) Fixed Interest shall accrue and compound on a daily basis from the applicable Funding Date and shall be computed on the basis of a 360-day year of twelve (12) thirty (30)-day months and the actual days elapsed.
Fixed Interest. If the summary specifies this is a fixed interest loan, interest shall be calculated by applying the rates specified in the summary to the loan balance.
Fixed Interest. The initial fixed account interest rate applies from the Contract Date through the end of the initial Interest Term and is shown on the Contract data page. At the end of each Interest Term, we will declare, at our discretion, a new fixed account interest rate for each subsequent Interest Term. Any adjusted rate will apply for the next Interest Term, when the rate can again be adjusted. The fixed account interest rate will never be less than the Fixed Account Guaranteed Minimum Interest Rate shown on your Contract data page.
Fixed Interest. (1) If it is noted in the interest clause of the deposit application that fixed interest shall be paid in respect of any deposit period or in respect of one or more of the deposit periods, the deposit principal shall bear, for the said period, fixed interest at the rate noted in the deposit application.
Fixed Interest. Fixed interest will accrue on the unpaid principal balance of each Note from the applicable Borrowing Date, at the rate of fifteen percent (15%) per annum (such interest is referred to herein as "FIXED INTEREST"), and is payable in accordance with Section 2.2 commencing on the Distribution Date occurring in the first calendar month following the applicable Borrowing Date. If available Collections from the related Portfolio on the first four Distribution Dates following the Borrowing Date with respect to a Loan are insufficient to pay the accrued Fixed Interest, such accrued but unpaid Fixed Interest shall be added to the principal amount of the respective Note, effective as of the Distribution Date on which such Fixed Interest is not paid; provided, however, that beginning on the fifth Distribution Date following the Borrowing Date for such Loan, Fixed Interest (including any accrued but unpaid Fixed Interest) shall be due and payable regardless of the sufficiency of Collections. Any payment of Fixed Interest made by Borrower from funds other than Collections from the related Portfolio shall increase the Borrower's Contribution with respect to such Portfolio. Fixed Interest will be computed on the basis of the actual number of days principal remains unpaid and a 360-day year.
Fixed Interest. Rates The Mortgage Loan bears interest at a fixed rate per annum, but certain of the related Companion Loans bear interest on a floating rate basis. 11 000 00xx Xxxxxx (38) ARD Loan The Mortgage Loan is interest only until the Anticipated Repayment Date and will not substantially fully amortize over its stated term. The maturity date of the Mortgage Loan is less than sixty (60) months following the Anticipated Repayment Date. 11 000 00xx Xxxxxx (43) Environmental Conditions The environmental site assessment (“ESA”) obtained at origination indicates that the Mortgaged Property, which consists of multiple parcels developed around 1890, has had the following operations over the years: large-scale printing/lithographing (1938-1993), electroplating/metalworking Annex A-1 ID# Mortgage Loans Representations Exceptions (1938-2000), dry cleaning (1995-2003), and auto repair operations (1992-2005). The environmental consultant’s review of the historical sources showed certain analytical results of the soil samples from a Phase II subsurface investigation from 2002, which indicated the presence of hazardous chemicals in the soil and groundwater below the basement floor of the former dry cleaning site. Among such chemicals, tetrachloroethene (PCE), trichloroethene (TCE), and o-xylene exceeded the standard value of the New York State Department of Environmental Conservation. The ESA recommended a new investigation to evaluate soil vapor concentrations and provided an estimated cost of $363,000 for investigation and the testing, design, installation and maintenance costs of a sub-slab depressurization system in the event constituent concentrations exceeded EPA guidance levels. At origination, the Borrower was required to obtain an environmental insurance policy against claims for pollution and remediation legal liability. The policy was issued by Steadfast Insurance Company, with individual claim limits and an aggregate claim limit of $1,000,000 and a $25,000 deductible. The policy names the lender as an additional insured. The current policy has an Annex A-1 ID# Mortgage Loans Representations Exceptions expiration date of May 11, 2031. 3, 10, 11, 9, 00 Xxxxxxxx Xxxx, Xxxxxxxxx, 000 00xx Xxxxxx, Xxx Xxxxxx, Xxxxxxxx Xxxx Xchange (47) Cross-Collateralization The Mortgage Loan is cross-collateralized and cross-defaulted with the related Companion Loans. SCHEDULE D-2 TO EXHIBIT D MORTGAGED PROPERTY FOR WHICH ENVIRONMENTAL INSURANCE IS MAINTAINED Annex A-1 ID# Mortgage Loan...
