Cash Pay Interest Rate definition

Cash Pay Interest Rate means a rate per annum as set forth in the table below, which shall be calculated on an actual 360-day convention and be on each Payment Date in cash. Payment Date: Cash Pay Interest Rate: From the Closing Date until the 6-month anniversary of the Closing Date: 4.000 % From the 6-month anniversary of the Closing Date until the 12-month anniversary of the Closing Date: 4.125 % From the 12-month anniversary of the Closing Date until the 18-month anniversary of the Closing Date: 4.250 % From the 18-month anniversary of the Closing Date until the 24-month anniversary of the Closing Date: 4.375 % From the 24-month anniversary of the Closing Date until the 30-month anniversary of the Closing Date: 4.500 % From the 30-month anniversary of the Closing Date until the 36-month anniversary of the Closing Date: 4.625 % From the 36-month anniversary of the Closing Date until the 42-month anniversary of the Closing Date: 4.750 % From the 42-month anniversary of the Closing Date until the 48-month anniversary of the Closing Date: 4.875 % From the 48-month anniversary of the Closing Date until the 54-month anniversary of the Closing Date: 5.000 % From the 54-month anniversary of the Closing Date until the 60-month anniversary of the Closing Date: 5.125 % During the Initial Extension Period: 5.750 % During the Additional Extension Period: 6.000 %
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Cash Pay Interest Rate means 6.00 per cent. per annum.
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Cash Pay Interest Rate means a rate per annum equal to zero percent (0%) through August 13, 2015, two percent (2%) from August 14, 2015 through August 13, 2016 and twelve percent (12%) from August 14, 2016 until the payment of the Note in full.
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Examples of Cash Pay Interest Rate in a sentence

  • The interest payable at the Cash Pay Interest Rate shall be payable in arrears commencing on December 31, 2019 (the “First Payment Date”), on each Payment Date thereafter and upon the Maturity Date (the “Cash Pay Interest”).

  • After all, hard skills have traditionally been the ones which enabled people to climb the top of the corporate ladder.

  • The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until the date such Advance has been paid in full at the Cash Pay Interest Rate and the PIK Interest Rate (collectively “the Aggregate Interest Rate”) as set forth in this Section 2.07.

  • The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until the date such Advance has been paid in full at (x) at the All PIK Interest Rate, or (y) at the Borrower’s election with the prior written consent of each Lender, at the Cash Pay Interest Rate and the PIK Interest Rate (collectively, and as applicable, the “Aggregate Interest Rate”), in each case as set forth in this Section 2.07.

  • Oncedelayed stores fill the SB above half its capacity, the prediction for each committing store is taken from its local history by looking up the SCH: the store is delayed if its SCH bit is set.

  • On each Interest Date, the then outstanding principal on the Notes shall be increased by an amount (the “PIK Amount”) equal to the difference between (i) interest accruing at the Current Interest Rate during the preceding one month period and (ii) interest accruing at the Cash Pay Interest Rate during the preceding one month period, which increase shall be made to all outstanding principal balance of the Notes on a ratable basis.

  • SA 21, 24; Pl‟s Counter-Statement of Undisputed Material Facts, at ¶ 91, 98.Likewise, the record provided to the district court made no mention of indirect losses caused by Citigroup‟s deal.

  • From and after January 1, 2009, interest ("Cash Pay Interest") shall be payable monthly in arrears on each Interest Payment Date by Borrower on the aggregate outstanding principal balance of the Initial Loans, the June 2007 Loans, the Supplemental Loan and the Convertible Term Loans from time to time at a rate per annum equal to the Fixed Cash Pay Interest Rate.

  • Notwithstanding the foregoing, upon the occurrence of an Event of Default, all accrued interest under the Loan (including, for the avoidance of doubt, interest calculated at Increased Cash Pay Interest Rate and the PIK Interest Rate) shall be payable in cash on demand.

  • On each such Interest Date and subject to Section 2.2(b), the Borrower shall (i) pay to the Lender or any other Holders in cash monthly installments of interest only (in arrears) at the Cash Pay Interest Rate on the then outstanding principal under the Notes and (ii) as set forth below, accrue the PIK Amount to the outstanding principal of the Notes.


More Definitions of Cash Pay Interest Rate

Cash Pay Interest Rate means 4.875% per annum, which shall be calculated on an actual 360-day convention and be on each Payment Date in cash.
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Cash Pay Interest Rate means a rate per annum as set forth in the table below, which shall be calculated on an actual 360-day convention and be on each Payment Date in cash. 5 26203076.0000000000.8 Payment Date: Cash Pay Interest Rate: From the Closing Date until the 6-month anniversary of the Closing Date: 4.000% From the 6-month anniversary of the Closing Date until the 12-month anniversary of the Closing Date: 4.125% From the 12-month anniversary of the Closing Date until the 18-month anniversary of the Closing Date: 4.250% From the 18-month anniversary of the Closing Date until the 24-month anniversary of the Closing Date: 4.375% From the 24-month anniversary of the Closing Date until the 30-month anniversary of the Closing Date: 4.500% From the 30-month anniversary of the Closing Date until the 36-month anniversary of the Closing Date: 4.625% From the 36-month anniversary of the Closing Date until the 42-month anniversary of the Closing Date: 4.750% From the 42-month anniversary of the Closing ​ ​ ​ ​
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Cash Pay Interest Rate means, the Interest Rate minus the PIK Interest Rate.
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Cash Pay Interest Rate means 4.50 per cent. per annum.
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Cash Pay Interest Rate means: (i) the Base Rate plus 3.5% per annum and (ii) the LIBOR Rate plus 4.5% per annum.
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Related to Cash Pay Interest Rate

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Class E Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Cash Interest Rate means the Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15 (519), or any successor publication, published by the Board of Governors of the Federal Reserve System.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • Capped Interest Rate is defined in the Note, if applicable.

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • Class D Interest Rate means 3.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Interest Rate Cap Payment (a) With respect to the Class A-2, Class A-3 and Class A-4 Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 35 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class A-2, Class A-3 and Class A-4 Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis, (ii) the applicable Class A-2 and Class A-3 notional amount set forth on Schedule A to the Class A-2, Class A-3 and Class A-4 Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; (b) with respect to the Class M Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class M Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class M notional amount set forth on Schedule A to the Class M Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; and (c) with respect to the Class B Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class B Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class B notional amount set forth on Schedule A to the Class B Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement.

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

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).