Adjusted Interest Rate Clause Samples

Adjusted Interest Rate. Interest on the outstanding principal balance of each Component of the Loan shall accrue from and including the Effective Maturity Date to and including the Maturity Date at the Adjusted Interest Rate.

Adjusted Interest Rate. Interest on the outstanding principal balance of the Loan shall accrue from and including the Anticipated Repayment Date to and including the Maturity Date at the Adjusted Interest Rate.

Adjusted Interest Rate. The stated interest rates applicable to the Series 2018B Notes and the Series 2018C Notes (the “Second Closing Notes”) provided in Section 1.2 above shall, respectively, increase for the full term of such Notes on the following conditions: (a) if the Second Closing Notes are not issued and sold on April 25, 2018, the stated interest rate provided in Section 1.2 above applicable to the Second Closing Notes shall increase by 0.02% (two (2) basis points) per annum; (b) in addition to any increase under the foregoing clause (a), if the Second Closing Notes are not issued and sold on or before May 19, 2018, the stated interest rate provided in Section 1.2 above applicable to the Second Closing Notes shall increase by an additional 0.02% (two (2) basis points) per annum; and (c) in addition to any increases under the foregoing clauses (a) and (b), if the Second Closing Notes are not issued and sold on or before June 19, 2018, the stated interest rate provided in Section 1.2 above applicable to the Second Closing Notes shall increase by an additional 0.02% (two (2) basis points) per annum. The definitive Second Closing Notes executed and delivered pursuant to this Agreement shall reflect all increases in the stated interest rates, if any, arising by operation of this Section 1.3.

Adjusted Interest Rate. For the fiscal year commencing January 1, 2010 and each fiscal year thereafter, so long as the Company is not in material breach of any of the covenants set forth in Article III of the Purchase Agreement, the applicable interest rate shall be as set forth below (the “Adjusted Interest Rate”) in accordance with the Earning/Debt Ratio achieved by the Company in respect of the immediately preceding fiscal year: (i) The Adjusted Interest Rate for a given fiscal year shall be 6% per annum, compounded annually on the outstanding portion of the Principal Amount and any accrued and unpaid interest that is overdue, if the Company achieves an Earning/Debt Ratio equal to or greater than 2.1 in respect of the preceding fiscal year; (ii) The Adjusted Interest Rate for a given fiscal year shall be 7% per annum, compounded annually on the outstanding portion of the Principal Amount and any accrued and unpaid interest that is overdue, if the Company achieves an Earning/Debt Ratio equal to or greater than 1.5 but less than 2.1 in respect of the preceding fiscal year; and (iii) The Adjusted Interest Rate for a given fiscal year shall be 8% per annum, compounded annually on the outstanding portion of the Principal Amount and any accrued and unpaid interest that is overdue, if the Company achieves an Earning/Debt Ratio of less than 1.5 in respect of the preceding fiscal year;

Adjusted Interest Rate. Lender shall have the right, but not the obligation, to adjust the Interest Rate as of November 10, 1997 (hereinafter referred to as the "Early Maturity Date") as follows: a. Lender shall deliver to Borrower a notice in the manner described for notices in the Mortgage not less than ninety (90) days nor more than one hundred twenty (120) days prior to the Early Maturity Date (hereinafter referred to as the "Adjustment Notice") which notice shall specify a rate of interest (hereinafter referred to as the "Adjusted Interest Rate") other than the Interest Rate specified above, which shall be effective as of the Early Maturity Date, and the new monthly payments (hereinafter referred to as "Adjusted Monthly Payments") to be due and payable as a result of such Adjusted Interest Rate. The Adjusted Interest Rate shall be the then current four (4) year term rather for similar quality neighborhood retail center loans held by the then holder of the Note. b. Lender and Borrower shall, wit▇▇▇ ▇▇xty (60) days after receipt of the Adjustment Notice by Borrower, enter into an amendment to the Note, in form and content satisfactory to Lender, setting forth the Adjusted Interest Rate and the Adjusted Monthly Payments. c. If the Adjustment Notice has been timely made by Lender and if the event described in subparagraph b immediately above has not been timely accomplished, then Lender, at its option and without notice, may declare the amount of the total unpaid balance of the Note to be due and forthwith payable, whereupon it shall be so due and payable. d. In the event Lender does not elect to adjust the interest rate upon the Early Maturity Date, the Note shall continue and remain in full force and effect upon all other terms stated herein, and the interest rate shall not be adjusted as of such Early Maturity Date. e. Notwithstanding any other provisions of this Note and provided no default exists under the terms of the Note or the other Loan Documents, and whether or not Lender delivers the Adjustment Notice described above, Borrower may prepay on the Early Maturity Date the entire balance of principal and interest then remaining unpaid hereon without premium or penalty, and provided, further, that Borrower notifies the Lender of its intent to prepay the Note on the Early Maturity Date by a written notice delivered to Lender not less than sixty (60) days nor more than ninety (90) days prior to the Early Maturity Date.