Examples of Net Loan Rate in a sentence
While these rates will vary, they will generally be based on a spread to LIBOR or Treasury Securities, or the Net Loan Rate as defined in the financing documents.(c) The interest rates on the Company's warehouse facilities are indexed to asset-backed commercial paper rates.(d) Assets include accrued interest receivable and restricted cash.
While these rates will vary, they will generally be based on a spread to LIBOR or Treasury Securities, or the Net Loan Rate as defined in the financing documents.
For this purpose, the Special Allowance Payments shall be assumed to be computed based upon the bond equivalent yield of 91-day United States Treasury bills most recently auctioned, or the most recent CP Rate, on the date as of which the Net Loan Rate is determined (whether or not the actual Special Allowance Payment rate could then be determined).
Although RBC asserts that an overpayment of Operating Fees reduced the interest payments on the auction rate notes, the Operating Fees are actually not part of the Net Loan Rate calculation set forth in the Supplemental Indentures.
Under the Supplemental Indentures, the Net Loan Rate for any interest period equals “(a) the sum of all interest payments and Special Allowance Payments made with respect to Financed FFELP Loans during the preceding calendar quarter, less (b) all consolidation loan rebate fees, Note Fees, Servicing Fees and Administration Fees during the preceding calendar quarter, divided by (c) the average daily principal balance of Financed FFELP Loans for the preceding calendar quarter.” Def.