Interest Rate Conversion definition

Interest Rate Conversion means: (i) a change of interest rate type with respect to all or part of the Outstanding Loan Balance; or (ii) the establishment of an Interest Rate Cap or an Interest Rate Collar with respect to all or part of the Outstanding Loan Balance; or (iii) any other hedging option that affects the interest rate applicable to all or part of the Outstanding Loan Balance.
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Interest Rate Conversion means a change of the interest rate basis applicable to all or any amount of the Withdrawn Loan Balance, from the Variable Rate to the Fixed Rate or vice versa.
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Interest Rate Conversion means a change of the interest rate basis applicable to all or any amount of the Withdrawn Loan Balance: (a) from the Variable Rate to the Fixed Rate or vice versa; (b) from a Variable Rate based on a Variable Spread to a Variable Rate based on a Fixed Spread; (c) from a Variable Rate based on a Reference Rate and the Variable Spread to a Variable Rate based on a Fixed Reference Rate and the Variable Spread or vice versa; or (d) Automatic Rate Fixing Conversion.
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Examples of Interest Rate Conversion in a sentence

  • The Borrower may also request the modification of the Amortization Schedule in the case of a Principal Payment Option, a Currency Conversion, or an Interest Rate Conversion, as set forth respectively in Articles 3.06, 5.03, and 5.04 of these General Conditions.

  • The Borrower may request, with respect to all or part of the Outstanding Loan Balance, that the SOFR-Based Interest Rate be converted to a fixed interest rate or any other Interest Rate Conversion option requested by the Borrower and accepted by the Bank.


More Definitions of Interest Rate Conversion

Interest Rate Conversion means a conversion, pursuant to Article IV, Interest Rate Conversions, of the interest rate applicable to all or any amount of the Withdrawn Loan Balance from the Variable Rate specified in the Loan Agreement, as follows: (a) from a Variable Rate comprised of the Reference Rate plus the Variable Spread, to a Variable Rate comprised of the Fixed Reference Rate plus the Variable Spread; or (b) from a Variable Rate comprised of the Reference Rate plus the Fixed Spread, to a fixed rate comprised of the Fixed Reference Rate plus the Fixed Spread.
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Interest Rate Conversion means a change of the interest rate basis applicable to all or any amount of the Withdrawn Loan Balance, as defined in the applicable General Conditions and/or the Loan Agreement, which may be any of the following: (a) from the Variable Rate to the Fixed Rate or vice versa solely with respect to SDPLs or legacy Loans with Fixed Spread terms; (b) from a Variable Rate based on a Reference Rate and the Variable Spread to a Variable Rate based on a Fixed Reference Rate and the Variable Spread or vice versa; or (d) Automatic Rate Fixing Conversion with respect to the Reference Rate fixing only.
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Related to Interest Rate Conversion

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • 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).

  • Conversion Date shall have the meaning set forth in Section 4(a).