Fixed Rate of Interest. The Notes will bear interest from the date of issue to but excluding June 23, 2046 at a fixed annual rate of 4.70% payable in semi-annual installments on June 23 and December 23 of each year, with the first interest payment due on December 23, 2016.
Fixed Rate of Interest. In the event the Borrower(s) opts for Fixed Rate of Interest, the rate of interest applicable to the Loan, as at the date of execution of this Agreement shall remain fixed over the tenor as specified in the KFS.
Fixed Rate of Interest. (i) The Notes will bear interest from the date of issue to but excluding November 21, 2024 at a fixed annual rate of 3.00% payable in semi-annual installments on May 21 and November 21 of each year, with the first interest payment due on May 21, 2018 and the last interest payment due on November 21, 2024.
(ii) The Notes will bear interest from and including November 21, 2024 to but excluding November 21, 2029 at a fixed rate of interest equal to the 5-year SGD Swap Rate plus 0.832% payable in semi-annual installments on May 21 and November 21 of each year, commencing May 21, 2025. The Corporation shall provide to the Trustee in writing its interest calculation in respect of such period.
Fixed Rate of Interest. In the event the Borrower ( s ) opts for Fixed Rate of Interest, the rate of interest applicable to the Loan as at the date of execution of this Loan Agreement is mentioned in the Loan Summary Schedule. Though the rate of Interest is fixed at the beginning of the Loan, however the same is subject to change/ revision upwards or downwards at the sole discretion of FICCL under the exceptional and extraordinary changes in the money market conditions.
Fixed Rate of Interest. Subject to Condition 3(g), interest is payable on each Interest Payment Date at a rate of 10.00 per cent. per annum (the “Rate of Interest”) and shall be calculated by the Calculation Agent in accordance with the Agency Deed on each Interest Payment Date in respect of each CCN.
Fixed Rate of Interest. Interest on the loan will be fixed at ….... % per annum on daily reducing balance with monthly rests for a period of ........years from the date of first disbursement. Thenceforth the interest rate in the account will be reset to floating Home Loan card rate prevailing as on the date of reset. The effective rate of Interest on the loan outstanding will be charged at the rate of ……% (spread) above RBI’s Repo Rate which is …. % p. a as on 01st day of current calendar quarter. The present effective rate of interest being …% p. a calculated on daily balance of the loan amount at monthly rests, subject to the interest rate reset on the 1st day of every calendar quarter, on the basis of the prevailing RBI Repo Rate. The spread is sum of Credit Risk Premium of ……% and other cost including operating cost. The Bank shall at any time and from time to time be entitled to change Credit Risk Premium when borrower’s credit assessment undergoes change. Also, other cost including operating cost can be altered periodically at Bank’s discretion.”. The Bank has the option to reduce or increase the EMI or extend the repayment period or both consequent upon revision in interest rate. The Bank shall be entitled to charge at its own discretion such enhanced rate of interest on the account(s) either on the entire outstanding or on a portion thereof as it may fix for any irregularity including non- observance or non-compliance of terms and conditions of the loan, for such period as the Bank deems it necessary and charging of such enhanced rate of interest shall be without prejudice to the Bank's other rights and remedies. Borrower shall be deemed to have notice of change in the rate of interest when the changes are notified at/displayed at the branch notice board or published in a newspaper or in the website of the Bank or made through the statement of account / pass book.
Fixed Rate of Interest. Interest shall be charged at a fixed rate of interest being % p.a. computed as 6 months TBLR of % and spread of % and calculated on daily balance of the loan amount at monthly rests. Interest rate on the facility will remain fixed for the entire tenor of the facility from the date of first disbursal. The rate of interest payable by the Borrower/s shall be subject to changes based on guidelines /directives issued by RBI to banks from time to time/money market condition. The Borrower/s also note and acknowledge that Bank is obliged to give effect to any revision of interest rates, whether upwards or downwards, on all Existing advances/financial assistances as per the RBI guidelines/directives. Floating rate of Interest: Interest shall be charged at a floating rate of interest % p.a. until varied by the Bank in terms of this Agreement, the Borrower shall pay the floating rate of interest prevailing TBLR + margin/spread plus applicable interest tax and/ or other statutory levies. The Borrower shall pay Pre-EMI at % per annum until commencement of the EMI payable on the dated mentioned below plus applicable interest tax and /or other statutory levies. [Details of spread captured in the Schedule-II.]
Fixed Rate of Interest. The Borrowers may, by giving not less than five Business Days’ notice in writing, request that a fixed rate of interest shall apply on the whole of the Loan for a period of 12 months or more by giving to the Facility Agent a notice which shall specify the period for which the fixed rate of interest shall apply and shall be given at least five Business Days before the end of the then current Interest Period. The Facility Agent shall notify the Borrowers of the fixed rate of interest to apply (which shall be determined at the level of the actual refinancing rates available to the Lenders (as certified by them) for the relevant period to which such fixed rate is to apply plus the Margin) and the Borrowers shall either accept or refuse the offer promptly in writing and in any event within one Business Day. Such offer and acceptance shall be in a form that shall constitute a Finance Document. Once accepted, the Borrowers may not revoke their acceptance and the relevant fixed rate of interest shall apply to the Loan from the first day of the next Interest Period. If the Borrowers refuse the offer or fails to accept it within the time permitted for acceptance, the other provisions of this Clause 8 (Interest) shall continue to apply.
Fixed Rate of Interest. The Debentures will bear interest from the Issue Date to but excluding May 9, 2023 at a fixed annual rate of 3.317% payable in equal semi-annual installments on May 9 and November 9 of each year, with the first interest payment due on November 9, 2018 and the last interest payment due on May 9, 2023.
