Fixed Rate Loan. Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.
Fixed Rate Loan. 8.1 If the Borrower requests the Lender may agree to a Fixed Rate Loan. The Lender will determine the Fixed Rate applicable to the Fixed Rate Loan. There may be more than one Fixed Rate Loan under a Margin Loan Facility at any time.
8.2 During the Fixed Term, the Borrower must pay the Lender interest calculated at the Fixed Rate on the amount equal to the agreed Fixed Rate Loan and in accordance with Clause 7 (Interest).
8.3 Unless the Lender agrees, the Borrower may not repay or terminate (whether voluntarily or not) a Fixed Rate Loan, or change the method of paying interest before the end of the Fixed Term. If the Lender agrees to any change to the Fixed Rate Loan it may impose additional terms and conditions including, without limitation, the payment of any Break Costs.
Fixed Rate Loan. Except with respect to the ARD Loans (as identified on the Mortgage Loan Schedule), which provide that the rate at which interest accrues thereon increases after the Anticipated Repayment Date, the Mortgage Loans (exclusive of any default interest, late charges or prepayment premiums) are fixed rate mortgage loans with terms to maturity, at origination or as of the most recent modification, as set forth on the Mortgage Loan Schedule.
Fixed Rate Loan. Subject to the provisions of Section 2.05(d), if the Loan is a Fixed Rate Loan, the Loan shall bear interest at the Fixed Rate.
Fixed Rate Loan. An amortizing loan with remaining principal of $250,000 is fully prepaid with 24 months remaining until maturity. An Initial Prepayment Reference Rate of 9.0% was assigned to the loan when the loan was made. The Final Prepayment Reference Rate (as determined by the current 24-month U.S. Treasury rate on Page 119 of Telerate) is 7.5%. Rates therefore have dropped 1.5% since the loan was made and a prepayment fee applies. A prepayment fee factor of 1.3 is determined from Table 1 below and the prepayment fee is computed as follows:
Fixed Rate Loan. The Lender agrees to lend to the Borrower a term loan with a fixed rate of interest (the “
Fixed Rate Loan. From and after the second Payment Date prior to the Stated Maturity Date (the “Fixed Rate Loan Permitted Prepayment Date”), Borrower shall have the right to prepay the Fixed Rate Loan in whole (but not in part), provided that Borrower gives Lender at least fifteen (15) days’ prior written notice thereof. If any such prepayment is not made on a Payment Date, Borrower shall also pay interest that would have accrued on such prepaid Fixed Rate Principal to, but not including, the next Payment Date. Any such prepayment of the Fixed Rate Loan shall be made without payment of the Yield Maintenance Premium applicable to the Fixed Rate Loan.
Fixed Rate Loan. A Swing Line Loan bearing interest at a fixed rate determined in accordance with clause (b) of the definition of “Money Market Rate” contained in this §1.1. Fixed Rate Loans may only be denominated in Dollars.
Fixed Rate Loan the loan being made on the date hereof from Lender to Borrower in the original principal amount of $42,200,000 (the “Fixed Rate Principal”), which Fixed Rate Loan is evidenced by the Fixed Rate Note.
Fixed Rate Loan. You promise to pay the Credit Union plus interest at the rate of % per year on the unpaid balance, according to the schedule in the Truth-In- Lending Disclosure on Page 1. 🞏 Variable Rate Loan: You promise to pay the Credit Union plus interest on the unpaid principal balance at a variable rate. The initial rate is equal to the annual percentage rate shown on page 1. You agree to make payments in the amount shown as “amount of payments” on page 1 according to the schedule set forth under “when payments are due” on page 1 until the note is paid in full.
