EQUIVALENT INTEREST RATES Sample Clauses

EQUIVALENT INTEREST RATES. The following table sets out interest rates calculated half-yearly, not in advance which are equivalent to interest rates calculated monthly, not in advance for a Variable Rate Mortgage. The equivalent rate table is for disclosure purposes of the Interest Act (Canada) and does not affect the calculation of interest under a Variable Rate Mortgage. The Borrower may determine the equivalent rate by locating the Interest Rate in the column entitled “Interest Rate Calculated Monthly Not in Advance (%)” and comparing that rate of interest to the rate of interest indicated in the column immediately to the right of such rate of interest entitled “Equivalent Interest Rate Calculated Half-Yearly Not in Advance (%)”. Interest Rate Calculated Monthly Equivalent Interest Rate Calculated Half-Yearly Interest Rate Calculated Monthly Equivalent Interest Rate Calculated Half-Yearly 2.000 2.00835 14.500 14.94514 2.125 2.13443 14.625 15.07791 2.250 2.26057 14.750 15.21075 2.375 2.38678 14.875 15.34366 2.500 2.51306 15.000 15.47664 2.625 2.63940 15.125 15.60968 2.750 2.76580 15.250 15.74279 2.875 2.89228 15.375 15.87597 Interest Rate Calculated Monthly Equivalent Interest Rate Calculated Half-Yearly Interest Rate Calculated Monthly Equivalent Interest Rate Calculated Half-Yearly 3.000 3.01881 15.500 16.00922 3.125 3.14542 15.625 16.14254 3.250 3.27208 15.750 16.27593 3.375 3.39882 15.875 16.40939 3.500 3.52562 16.000 16.54291 3.625 3.65249 16.125 16.67650 3.750 3.77942 16.250 16.81016 3.875 3.90642 16.375 16.94389 4.000 4.03348 16.500 17.07769 4.125 4.16061 16.625 17.21156 4.250 4.28781 16.750 17.34550 4.375 4.41507 16.875 17.47950 4.500 4.54240 17.000 17.61358 4.625 4.66979 17.125 17.74772 4.750 4.79725 17.250 17.88193 4.875 4.92478 17.375 18.01621 5.000 5.05237 17.500 18.15056 5.125 5.18003 17.625 18.28498 5.250 5.30776 17.750 18.41947 5.375 5.43555 17.875 18.55403 5.500 5.56341 18.000 18.68865 5.625 5.69133 18.125 18.82335 5.750 5.81932 18.250 18.95811 5.875 5.94738 18.375 19.09295 6.000 6.07550 18.500 19.27785 6.125 6.20369 18.625 19.36282 6.250 6.33195 18.750 19.49766 6.375 6.46027 18.825 19.63297 6.500 6.58866 19.000 19.76815 6.625 6.71711 19.125 19.90340 6.750 6.84564 19.250 20.03872 6.875 6.97423 19.375 20.17411 7.000 7.10288 19.500 20.30956 7.125 7.23160 19.625 20.44509 7.250 7.36039 19.750 20.58068 7.375 7.48925 19.875 20.71635 7.500 7.61817 20.000 20.85208 20.125 20.98789 Interest Rate Calculated Monthly Equivalent Interest Rate Calculated Half-Yearly Interest Rate...
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EQUIVALENT INTEREST RATES. This section sets out a table of equivalent interest rates in respect of variable rate mortgages. The equivalent interest rates are provided for disclosure purposes only and do not affect the calculation of interest under this Mortgage. The following table sets out interest rates calculated half yearly, not in advance, which are equivalent to interest rates calculated monthly not in advance. The Mortgagor may determine the equivalent rate by locating the rate of interest payable under this Mortgage in the column headed “Interest Rate Calculated Monthly Not in Advance (%)” and comparing that rate of interest to the rate of interest indicated in the column immediately to the right of such rate of interest entitled “Equivalent Interest Rate Calculated Half-Yearly Not in Advance (%)”. EQUIVALENT RATES TABLE Interest Rate Calculated Monthly Not In Advance (%) Equivalent Interest Rate Calculated Half-Yearly Not In Advance (%) Interest Rate Calculated Monthly Not In Advance (%) Equivalent Interest Rate Calculated Half-Yearly Not In Advance (%) 1.000 1.002 10.500 10.732 1.125 1.128 10.625 10.863 1.250 1.253 10.750 10.994 1.375 1.379 10.875 11.124 1.500 1.505 11.000 11.255 1.625 1.631 11.125 11.386 1.750 1.756 11.250 11.517 1.875 1.882 11.375 11.648 2.000 2.008 11.500 11.779 2.125 2.134 11.625 11.910 2.250 2.261 11.750 12.041 2.375 2.387 11.875 12.173 2.500 2.513 12.000 12.304 2.625 2.639 12.125 12.435 2.750 2.766 12.250 12.567 2.875 2.892 12.375 12.698 3.000 3.019 12.500 12.830 3.125 3.145 12.625 12.962 3.250 3.272 12.750 13.094 3.375 3.399 12.875 13.225 3.500 3.526 13.000 13.357 3.625 3.652 13.125 13.489 3.750 3.779 13.250 13.621 3.875 3.906 13.375 13.753 4.000 4.033 13.500 13.885 4.125 4.161 13.625 14.018 4.250 4.288 13.750 14.150 4.375 4.415 13.875 14.282 4.500 4.542 14.000 14.415 4.625 4.670 14.125 14.547 4.750 4.797 14.250 14.680 4.875 4.925 14.375 14.812 5.000 5.052 14.500 14.945 5.125 5.180 14.625 15.078 5.250 5.308 14.750 15.211 5.375 5.436 14.875 15.344 5.500 5.563 15.000 15.477 5.625 5.691 15.125 15.610 5.750 5.819 15.250 15.743 5.875 5.947 15.375 15.876 6.000 6.076 15.500 16.009 6.125 6.204 15.625 16.143 6.250 6.332 15.750 16.276 6.375 6.460 15.875 16.409 6.500 6.589 16.000 16.543 6.625 6.717 16.125 16.677 6.750 6.846 16.250 16.810 6.875 6.974 16.375 16.944 7.000 7.103 16.500 17.078 7.125 7.232 16.625 17.212 7.250 7.360 16.750 17.345 7.375 7.489 16.875 17.480 7.500 7.618 17.000 17.614 7.625 7.747 17.125 17.748 7.750 7.876 17.250 17.882 7.875 8.005 17.37...
Sample 1
EQUIVALENT INTEREST RATES. The following information is provided to you since the current interest rate may be expected to change from time to time. For each current mortgage rate (calculated monthly not in advance) set forth, the adjacent column sets forth the equivalent interest rate calculated semi-annually not in advance.
Sample 1
EQUIVALENT INTEREST RATES. If your interest rate is compounded, you may determine the equivalent interest rate calculated semi-annually not in advance by referring to the table below: 1.000 1.00250 6.000 6.09000 11.000 11.30250 1.125 1.12816 6.125 6.21879 11.125 11.43441 1.250 1.25391 6.250 6.34766 11.250 11.56641 1.375 1.37973 6.375 6.47660 11.375 11.69848 1.500 1.50563 6.500 6.60562 11.500 11.83063 1.625 1.63160 6.625 6.73473 11.625 11.96285 1.750 1.75766 6.750 6.86391 11.750 12.09516 1.875 1.88379 6.875 6.99316 11.875 12.22754 2.000 2.01000 7.000 7.12250 12.000 12.36000 2.125 2.13629 7.125 7.25191 12.125 12.49254 2.250 2.26266 7.250 7.38141 12.250 12.62516 2.375 2.38910 7.375 7.51098 12.375 12.75785 2.500 2.51563 7.500 7.64063 12.500 12.89063 2.625 2.64223 7.625 7.77035 12.625 13.02348 2.750 2.76891 7.750 7.90016 12.750 13.15641 2.875 2.89566 7.875 8.03004 12.875 13.28941 3.000 3.02250 8.000 8.16000 13.000 13.42250 3.125 3.14941 8.125 8.29004 13.125 13.55566 3.250 3.27641 8.250 8.42016 13.250 13.68891 3.375 3.40348 8.375 8.55035 13.375 13.82223 3.500 3.53063 8.500 8.68063 13.500 13.95563 3.625 3.65785 8.625 8.81098 13.625 14.08910 3.750 3.78516 8.750 8.94141 13.750 14.22266 3.875 3.91254 8.875 9.07191 13.875 14.35629 4.000 4.04000 9.000 9.20250 14.000 14.49000 4.125 4.16754 9.125 9.33316 14.125 14.62379 4.250 4.29516 9.250 9.46391 14.250 14.75766 4.375 4.42285 9.375 9.59473 14.375 14.89160 4.500 4.55062 9.500 9.72563 14.500 15.02563 4.625 4.67848 9.625 9.85660 14.625 15.15973 4.750 4.80641 9.750 9.98766 14.750 15.29391 4.875 4.93441 9.875 10.11879 14.875 15.42816 5.000 5.06250 10.000 10.25000 15.000 15.56250 5.125 5.19066 10.125 10.38129 15.125 15.69691 5.250 5.31891 10.250 10.51266 15.250 15.83141 5.375 5.44723 10.375 10.64410 15.375 15.96598 5.500 5.57563 10.500 10.77563 15.500 16.10063 5.625 5.70410 10.625 10.90723 15.625 16.23535 5.750 5.83266 10.750 11.03891 15.750 16.37016 5.875 5.96129 10.875 11.17066 15.875 16.50504 DATED the ____ day of January, 2019 HOME TRUST COMPANY by its solicitors Gowling WLG (Canada) LLP Per: Xxxxx Xxxxxx Xxxxx FILED: , 2019 I, _________________, of [NTD: Insert Place of Residence], Province of Nova Scotia, make oath and say as follows:
Sample 1

Related to EQUIVALENT INTEREST RATES

  • Interest Rates All outstanding Term Loans to the Borrower shall bear interest on the unpaid principal amount thereof (including, to the extent permitted by law, on interest thereon not paid when due) from the date made until paid in full in cash at a rate determined by reference to the Base Rate or Adjusted Term SOFR plus the Applicable Margin, but not to exceed the Maximum Rate. If at any time Term Loans are outstanding with respect to which the Borrower has not delivered to the Agent a notice specifying the basis for determining the interest rate applicable thereto in accordance herewith, those Term Loans shall be treated as Base Rate Loans until notice to the contrary has been given to the Agent in accordance with this Agreement and such notice has become effective. Except as otherwise provided herein, the Term Loans shall bear interest as follows: (i) For all Base Rate Loans, at a fluctuating per annum rate equal to the Base Rate plus the Applicable Margin; and (ii) For all SOFR Rate Loans, at a fluctuating per annum rate equal to Adjusted Term SOFR plus the Applicable Margin. Each change in the Base Rate (or any component thereof) shall be reflected in the interest rate applicable to Base Rate Loans as of the effective date of such change. All computations of interest for Base Rate Loans when the Base Rate is determined by the “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). On the last Business Day of each calendar quarter hereafter and on the Termination Date, the Borrower shall pay to the Agent, for the ratable benefit of the Lenders, interest accrued from the last Business Day of the preceding calendar quarter to the last Business Day of such calendar quarter (or accrued to the Termination Date in the case of a payment on the Termination Date) on all Base Rate Loans in arrears. The Borrower shall pay to the Agent, for the ratable benefit of the Lenders, interest on all SOFR Rate Loans in arrears on each SOFR Interest Payment Date.

  • Applicable Interest Rates (a) U.S.

  • 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.

  • 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.

  • 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.

  • 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.

  • Interest Rates; LIBOR Notification The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.14(c) of this Agreement, such Section 2.14(c) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower, pursuant to Section 2.14, in advance of any change to the reference rate upon which the interest rate on Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 2.14(c), will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.

  • Revolving Credit Interest Rate Options The Borrower shall have the right to select from the following Interest Rate Options applicable to the Revolving Credit Loans:

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.

  • Letter of Credit Fees, Interest Rate The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 [Letter of Credit Fees] or Section 4.1 [Interest Rate Options], respectively, shall be increased by 2.0% per annum;

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