Adjusted Interest Rate Sample Clauses

Adjusted Interest Rate. Unless the Loan is repaid in full on or before the Anticipated Repayment Date, interest on the outstanding principal balance of the Loan, including without limitation Accrued Interest, shall accrue from and including the Anticipated Repayment Date to and including the Maturity Date at the Adjusted Interest Rate.
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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.
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Adjusted Interest Rate. Interest on the outstanding principal balance of the Loan shall accrue from and including the Effective Maturity Date to and including the Maturity Date at the Adjusted Interest Rate.
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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, witxxx xxxty (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.
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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;
Sample 1
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.
Sample 1

Related to Adjusted Interest Rate

  • Fixed Interest Rates Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of ARD loans and situations where default interest is imposed.

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate. 5.10.2 In respect of Interest Periods pursuant to Clause 5.3.2 and subject to Clause 5.3.2, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during an Interest Period shall be the Fixed Rate.

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Maximum Interest Rate In no event shall any interest rate provided for hereunder exceed the maximum rate legally chargeable under applicable law with respect to loans of the Type provided for hereunder (the “Maximum Rate”). If, in any month, any interest rate, absent such limitation, would have exceeded the Maximum Rate, then the interest rate for that month shall be the Maximum Rate, and, if in future months, that interest rate would otherwise be less than the Maximum Rate, then that interest rate shall remain at the Maximum Rate until such time as the amount of interest paid hereunder equals the amount of interest which would have been paid if the same had not been limited by the Maximum Rate. In the event that, upon payment in full of the Obligations, the total amount of interest paid or accrued under the terms of this Agreement is less than the total amount of interest which would, but for this Section 3.3, have been paid or accrued if the interest rate otherwise set forth in this Agreement had at all times been in effect, then the Borrower shall, to the extent permitted by applicable law, pay the Agent, for the account of the applicable Lenders, an amount equal to the excess of (a) the lesser of (i) the amount of interest which would have been charged if the Maximum Rate had, at all times, been in effect or (ii) the amount of interest which would have accrued had the interest rate otherwise set forth in this Agreement, at all times, been in effect over (b) the amount of interest actually paid or accrued under this Agreement. If a court of competent jurisdiction determines that the Agent and/or any Lender has received interest and other charges hereunder in excess of the Maximum Rate, such excess shall be deemed received on account of, and shall automatically be applied to reduce, the Obligations other than interest, and if there are no Obligations outstanding, the Agent and/or such Lender shall refund to the Borrower such excess.

  • Adjustment to Interest Rate Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Normal interest rate The Borrowers shall pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first instalment three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Period.

  • Applicable Interest Rates (a) U.S.

  • Conversion to Fixed Interest Rate The Mortgage Loan does not contain a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate to a fixed rate;

  • VARIABLE INTEREST RATE For the first 60 payments, the interest rate on this loan will be 3.950%. Thereafter, the interest rate on this Note is subject to change from time to time based on changes in an independent index which is the One (1) year Constant Maturity Treasury Rate as published in the Federal Reserve Statistical Release H.15 (the "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If Lender determines, in its sole discretion, that the Index for this Note has become unavailable or unreliable, either temporarily, indefinitely, or permanently, during the term of this Note, Lender may amend this Note by designating a substantially similar substitute index. Lender may also amend and adjust any margin corresponding to the Index being substituted to accompany the substitute index. Margins corresponding to the Index are described in the "Payments" section. The change to the margin may be a positive or negative value, or zero. In making these amendments, Lender may take into consideration any then-prevailing market convention for selecting a substitute index and margin for the specific Index that is unavailable or unreliable. Such an amendment to the terms of this Note will become effective and bind Borrower 10 business days after Xxxxxx gives written notice to Borrower without any action or consent of the Borrower. Lender will tell Borrower the current Index rate upon Xxxxxxxx's request. The interest rate change will not occur more often than each twelve (12) months. Borrower understands that Lender may make loans based on other rates as well. The interest rate or rates to be applied to the unpaid principal balance during this Note will be the rate or rates set forth herein in the "Payment" section. Notwithstanding any other provision of this Note, after the first payment stream, the interest rate for each subsequent payment stream will be effective as of the due date of the last payment in the just-ending payment stream. NOTICE: Under no circumstances will the interest rate on this Note be less than 3.950% per annum or more than the maximum rate allowed by applicable law. Notwithstanding the above provisions, the maximum increase or decrease in the interest rate at any one time on this loan will not exceed 2.000 percentage points. The initial fixed rate is not considered in applying this limitation. Whenever increases occur in the interest rate, Lender, at its option, may do one or more of the following: (A) increase Borrower's payments to ensure Borrower's loan will pay off by its original final maturity date, (B) increase Borrower's payments to cover accruing interest, (C) increase the number of Borrower's payments, and (D) continue Borrower's payments at the same amount and increase Borrower's final payment.

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