Fixed Rate Portion definition

Fixed Rate Portion means any portion of the unpaid principal balance of a Loan which Borrower designates as such in a Rate Election.

Fixed Rate Portion is the portion or portions of the principal balance of the Loan which Borrowers select to have subject to a Fixed Rate, each of which is an amount: (a) equal to the unpaid principal balance of the Loan not subject to a Fixed Rate; and (b) is not less than One Hundred Thousand Dollars ($100,000) and is an even multiple of One Hundred Thousand Dollars ($100,000). In the event Borrowers are subject to a principal amortization schedule under the terms and conditions of the Loan Documents, the Fixed Rate Portion(s) from time to time in effect shall in no event exceed, in the aggregate, the maximum outstanding principal balance which will be permissible on the last day of the Fixed Rate Period selected.

Fixed Rate Portion is the portion or portions of the principal balance of the Loan which Borrower selects to have subject to a Fixed Rate, each of which is an amount: (a) equal to all or a portion of the unpaid principal balance of the Loan not subject to a Fixed Rate; and (b) is not less than Two Hundred Thousand Dollars ($200,000) and is an even multiple of One Hundred Thousand Dollars ($100,000). In the event Borrower is subject to a principal amortization schedule under the terms and conditions of the Loan Documents, the Fixed Rate Portion(s) from time to time in effect shall in no event exceed, in the aggregate, the maximum outstanding principal balance which will be permissible on the last day of the Fixed Rate Period selected.

Examples of Fixed Rate Portion in a sentence

• Anything contained herein to the contrary notwithstanding, the obligation of the Bank to create, continue or effect by conversion any Fixed Rate Portion shall be conditioned upon the fact that at the time no Default or Event of Default shall have occurred and be continuing.

• All interest on each Fixed Rate Portion and the Letter of Credit fees shall be computed on the basis of a year of 360 days for the actual number of days elapsed.

• Yes, I would like to apply for a Rate Lock Fixed Rate Portion of loan to be lockedPayment optionsAuthorisation to Direct Debit Or by cheque payable to “Community First Credit Union” Account details for Direct Deposit of the Rate Lock FeeFinancial Institution:Account Name: BSB: Account Number: Terms and conditions of Rate Lock:The Rate Lock Fee is a minimum fee of $500 or 0.15% of the Fixed Loan amount, whichever is higher.

• If any request is made to convert a Fixed Rate Portion into the Domestic Rate Portion, such conversion shall only be made so as to become effective as of the last day of the Interest Period applicable thereto.

• Absent due notice from the Borrowers of conversion or renewal in the circumstances described in Section 3.2(a) hereof, any part of the Fixed Rate Portion for which such notice is not received shall be converted automatically to the Weekly One-Month SOFR Index Rate Option on the last day of the expiring Funding Period.

More Definitions of Fixed Rate Portion

Fixed Rate Portion means any portion of the outstanding principal balance of Advances made hereunder which Borrower designates as such in a Rate Election.

Fixed Rate Portion has the meaning specified in Section 2.06(a).

Fixed Rate Portion means the portion or portions of the unpaid principal balance of all Advances that the Borrower selects to have subject to a Fixed Rate. The Fixed Rate Portion shall comply with Sections 2.4.2.7.

Fixed Rate Portion of the Term Loan A-2 shall mean at any time the portion, including the whole, of such loan bearing interest at such time under the Fixed Rate Option.

Fixed Rate Portion means the portion or portions of the principal balance of the Loan which Borrower selects to have subject to a Fixed Rate, each of which is an amount: (a) equal to all or a portion of the unpaid principal balance of the Loan not subject to a Fixed Rate; and (b) is not less than One Million and No/100ths Dollars ($1,000,000.00) and is an even multiple of One Hundred Thousand and No/100ths Dollars ($100,000.00). In the event Borrower is subject to a principal amortization schedule under the terms and conditions of the Loan Documents, the Fixed Rate Portion(s) from time to time in effect shall in no event exceed, in the aggregate, the maximum outstanding principal balance which will be permissible on the last day of the Fixed Rate Period selected.

Fixed Rate Portion means a Eurodollar Portion or a CD Rate Portion and "FIXED RATE PORTIONS" shall mean either or both of such types of Portion.

Fixed Rate Portion means all or any portion of the Loan designated by Borrower to bear interest at the rate set forth in Section 2.2(a)(i) hereof.