Interest Rate Increase definition

Interest Rate Increase shall be defined as follows:
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Interest Rate Increase means an increase in the Interest Rate applicable to the Notes in accordance with Clause 14.5 (Interest Increase and Interest Reset).
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Interest Rate Increase is described in Section 1.2.
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Examples of Interest Rate Increase in a sentence

  • Figure 1: Average and Maximum Interest Rate Increase from Pick-a-Rate Pricing (using 5-year increments) 16 Three months or 90 days is currently the most commonly used period.

  • The balance on the Future Interest Rate Increase Reserve totals £1m, which roughly equates to the cost of a further 3% increase in interest rates for 1 year or a more likely 1% increase over 3 years.

  • At such time as no Registration Default is continuing, the interest rate borne by the Notes (and, if applicable, the Registered Notes) shall be reduced by the amount of the Interest Rate Increase and such additional interest will cease to accrue.

  • Interest Rate Increase: The interest rate on all loans shall be increased to the greater of (i) Prime plus 1.5% per annum under each Bank facility or (ii) 10.5% per annum, retroactive to the date of this Termsheet.

  • In the event of any Interest Rate Increase, the Company will provide notice to the Trustee of such Interest Rate Increase, and will cause the Trustee to provide appropriate notice thereof to the Holders of the Notes (or, if applicable, the Registered Notes).

  • Future Interest Rate Increase Reserve - as referred to above, the provisional underspend does not allow for any variances for borrowing and interest payments as the final amounts are yet to be agreed with our auditors.

  • Paragon has duly taken all action necessary to authorize the execution, delivery and performance of this Agreement and the other instruments and agreements contemplated hereby.

  • Future Interest Rate Increase Reserve – with effect from 2017/18, the revenue budget for interest payments has now been reduced to reflect the continued historic low levels.

  • Table 1 below shows the impact of moderate interest rate increases for the total cost of servicing $115 million of debt funding.Table 1 Interest Rate Increase Impacts on $115 Million of Debentures (‘000s’) Interest RateCost over 20 yearsAverage Annual Cost2.0%$25,532$1,2763.0%$39,438$1,9724.0%$54,081$2,704Due to the magnitude of the debenture required, the City’s financing agent is recommending an alternative approach from previous debenture issues.

  • Interest Rate Increase: The interest rate on all Insurance Company debt shall be increased to (i) the greater of Prime plus 1.5% per annum or (ii) 10.5% per annum, retroactive to the date of this Termsheet.


More Definitions of Interest Rate Increase

Interest Rate Increase means an increase of the rate at which interest will accrue on the Note from 9.5% to the prime rate (as published in the Wall Street Journal) plus 3%, provided, however, in no event will the interest rate drop below 9.5%.
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Interest Rate Increase has the meaning specified in Article Two.
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Interest Rate Increase means an increase in the Interest Rate (rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards) applicable to the Notes as determined by the Swap Counterparty in its sole and absolute discretion such that the present value of the portion of each Interest Amount which is attributable to such increase in the Interest Rate that would be payable in respect of each Interest Period following the relevant Trading Reserve Account Annual Request Date until the Scheduled Maturity Date is in aggregate equal to the portion of the relevant Trading Reserve Account Reduction Amount that is allocable to the relevant Interest Rate Increase.
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Related to Interest Rate Increase

  • Interest Rate Cap means any interest rate cap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • 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.

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • 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.

  • 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.

  • 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.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • 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.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.805 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.915 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.025 % 1.025 % BBB by Standard & Poor’s Baa2 by Moody’s 0.125 % 1.125 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.300 % 1.300 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.300% as to any Base Rate Advance and 1.300% as to any LIBO Rate Advance.

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

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

  • Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • 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.

  • 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;

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

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

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

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

  • 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.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.