Minimum Interest Rate definition

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.

Minimum Interest Rate means, in relation to a Series of Securities, if applicable, such rate as is specified as the Minimum Interest Rate in the Issue Terms.

Minimum Interest Rate means the minimum rate of interest, if any, which may be applicable to any Floating Rate Note during any Interest Accrual Period as specified in the applicable Company Order. MONEY MARKET YIELD:

Examples of Minimum Interest Rate in a sentence

• If any Maximum or Minimum Interest Rate is specified in the Final Terms or Series Offering Document, as applicable, then any Interest Rate shall be subject to such maximum or minimum, as the case may be.

• Unless otherwise stated in the applicable Final Terms the Minimum Interest Rate shall be deemed to be zero.

• If any Maximum or Minimum Interest Rate is specified in the Final Terms, then the Interest Rate shall in no event be greater than the maximum or be less than the minimum so specified.

• If any Maximum Interest Rate or Minimum Interest Rate, Instalment Amount or Redemption Amount is specified in the Terms, then any Interest Rate, Instalment Amount or Redemption Amount shall be subject to such maximum or minimum as the case may be.

• If a Minimum Interest Rate is specified in the Constituting Instrument, then the Interest Rate shall in no event be less than it and if there is so specified a Maximum Interest Rate, then the Interest Rate shall in no event exceed it.

More Definitions of Minimum Interest Rate

Minimum Interest Rate means the rate (if any) specified as such in the Issue Memorandum.

Minimum Interest Rate. As to any Mortgage Loan, the minimum interest rate that may be borne by such Mortgage Loan as set forth in the related Mortgage Note and indicated in Exhibit H hereto, which rate may be applicable to such Mortgage Loan at any time during the life of such Mortgage Loan.

Minimum Interest Rate. The term "

Minimum Interest Rate means the

Minimum Interest Rate. ’ means the lower limit on the rate of interest that may accrue during any interest period.

Minimum Interest Rate means, with respect to any particular Variable Interest Rate Bond, a numerical rate of interest, if any, established as the minimum rate at which such Variable Interest Rate Bond may bear interest at any time.

Minimum Interest Rate means, with respect to any particular Variable Interest Rate Bond, a numerical rate of interest, if any, set forth in the Series Resolution authorizing such Bond or in the Bond Series Certificate relating to such Bond, that shall be the minimum rate at which such Bonds may bear interest at any time;