Examples of Interest Rate Cap in a sentence
Minimum Original Principal or Notional Type of Class Principal Amount Jump or Notional (Jump) $1,000,000 Ascending Rate ⎫ Descending Rate Interest Only Interest Rate Cap Principal Only Inverse Floating Rate Non-Sticky Jump Shifting Payment Percentage Sticky Jump Structured Formula Toggle ⎪ ⎪ ⎪ ⎪ ⎬ ⎪ .
For the purpose of the terms of this Loan, any covenant under the General Conditions pertaining to any Currency Conversion or the setting of limits on the applicable Variable Rate by the establishment of an Interest Rate Cap or Interest Rate Collar on such Variable Rate, shall not be applicable.
Thus, interest rate reset dates for a cap indexed to six- month LIBOR would occur every six months with payments due six months Figure 4 The Payoff to Buying a One-Period Interest Rate Cap Profit rc Interest Rate later.
Loan Modifications (Pertains only to loans modified for loss mitigation purposes) Numeric – Decimal 0.015 9.999999 Modified Loans Only >= 0 to <= 1 152 Pre-Modification Subsequent Interest Rate Cap Maximum increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified.
Type of Class Minimum Original Principal or Notional Principal Amount Jump or Notional (Jump) $1,000,000 Ascending Rate ⎫ Descending Rate Interest Only Interest Rate Cap Principal Only Inverse Floating Rate Non-Sticky Jump Shifting Payment Percentage Sticky Jump Structured Formula Toggle ⎪ ⎪ ⎪ ⎪ ⎬ ⎪ .