Fixed Rate Period. Interest on the Notes during the fixed rate period will be calculated on the basis of a 360-day year consisting of twelve 30-day months and, in the case of an incomplete month, on the basis of the actual number of days elapsed in such period. If any scheduled fixed rate interest payment date is not a business day, we will pay interest on the next business day, but interest on that payment will not accrue during the period from and after such scheduled fixed rate interest payment date.
Fixed Rate Period. During the period from (and including) August 21, 2023, to (but excluding) August 21, 2028, the Notes will bear interest at the rate of 6.208% per annum (the “Initial Interest Rate”). Such interest will be payable semi-annually in arrears on each February 21 and August 21 of each year, beginning on February 21, 2024 and ending on August 21, 2028 (each, a “Fixed Rate Period Interest Payment Date”). Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. If any scheduled Fixed Rate Period Interest Payment Date is not a Business Day, any payment of principal and interest on the Notes will be postponed to the next day that is a Business Day, but interest on that payment will not accrue during the period from and after the scheduled Fixed Rate Period Interest Payment Date.
Fixed Rate Period. At Rate Lock for a Fixed to Float Loan, Fxxxxxx Mac will provide to the Seller an interest rate quote for the Fixed Interest Rate to be applicable during the Fixed Rate Period, which will be based upon a spread or margin, as determined by Fxxxxxx Mac at Rate Lock, above the yield rate on the United States Treasury Security applicable to the term of the Fixed Rate Period. Such United States Treasury Security will also be referenced in the Note for the applicable Mortgage for the purposes of calculating prepayment premiums. During the Fixed Rate Period, interest on the principal balance of such Fixed to Float Loan will accrue at such Fixed Interest Rate.
Fixed Rate Period. (Check one only.) Amortizing Loan. Consecutive monthly installments of principal and interest, each in the amount of Dollars (US $ ), shall be payable on the First Payment Date and on the first day of every month thereafter, until and including the First Rate Change Date [ X ] Interest Only Loan. (Check one only) 30/360. If interest accrues based on a 30/360 interest computation, then consecutive monthly installments of interest only, each in the amount of Dollars (US $ ), shall be payable on the First Payment Date and on the first day of every month thereafter, until and including the First Rate Change Date. [ X ] Actual/360. If interest accrues based on an Actual/360 interest computation, the amount of Fifty Two Thousand Six Hundred Fourteen and 60/100 Dollars (US $52,614.60), shall be payable on the First Payment Date and thereafter consecutive monthly installments of interest only, shall be payable as follows:
Fixed Rate Period. January 1 and July 1 of each year, commencing on January 1, 2021. The last interest payment date for the fixed rate period will be July 1, 2025. Floating rate period: January 1, April 1, July 1 and October 1 of each year, commencing on October 1, 2025. Record Dates: The 15th calendar day immediately preceding the applicable interest payment date.
Fixed Rate Period. (Check one only.) o Amortizing Advance. Consecutive monthly installments of principal and interest, each in the amount of Dollars (US $ ), shall be payable on the First Payment Date and on the first day of every month thereafter, until and including the First Rate Change Date o Interest Only Advance. (Check one only) o 30/360. [Select only if 30/360 is selected in Paragraph 3(b) above.] If interest accrues based on a 30/360 interest computation, then consecutive monthly installments of interest only, each in the amount of Dollars (US $ ), shall be payable on the First Payment Date and on the first day of every month thereafter, until and including the First Rate Change Date. o Actual/360. [Select only if Actual/360 is selected in Paragraph 3(b) above.] If interest accrues based on an Actual/360 interest computation, the amount of Dollars (US $ ) shall be payable on the First Payment Date and thereafter consecutive monthly installments of interest only, shall be payable as follows:
Fixed Rate Period. (i) In respect of the Fixed Rate Period shown on the face of such Note, each Hybrid Note bears interest on its Calculation Amount from the first day of the Fixed Rate Period at the rate per annum (expressed as a percentage) equal to the Interest Rate shown on the face of such Note payable in arrear on each Interest Payment Date or Interest Payment Dates shown on the face of the Note in each year and on the last day of the Fixed Rate Period if that date does not fall on an Interest Payment Date.
Fixed Rate Period. During all times when an Index Rate Period is not in effect the Power Reimbursement will be $[***]/kWh (the “Fixed Rate”).
Fixed Rate Period. During the period from, and including, August 16, 2022, to, but excluding, August 16, 2027 (the “Fixed Rate Period”), the Notes will bear interest at the rate of 4.553% per annum. Such interest will be payable semi-annually, in arrears, on February 16 and August 16 of each year, beginning on February 16, 2023 and ending on August 16, 2027 (each such date a “Fixed Rate Interest Payment Date”). During the Fixed Rate Period, interest will be computed on the basis of a 360-day year consisting of twelve 30-day months.
Fixed Rate Period. During the period from (and including) November 18, 2024, to (but excluding) January 15, 2030, the Notes will bear interest at the rate of 5.272% per annum (the “Initial Interest Rate”). Such interest will be payable semi-annually in arrears on each January 15 and July 15 of each year, beginning on January 15, 2025 and ending on January 15, 2030 (each, a “Fixed Rate Period Interest Payment Date”). Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. If any scheduled Fixed Rate Period Interest Payment Date is not a Business Day, any payment of principal and interest on the Notes will be postponed to the next day that is a Business Day, but interest on that payment will not accrue during the period from and after the scheduled Fixed Rate Period Interest Payment Date.
(i) Floating Rate Period. During the period from (and including) January 15, 2030, to (but excluding) the Maturity Date (the “Floating Rate Period”), the Notes will bear interest at a floating rate per annum equal to the Benchmark plus 127.6 basis points per annum (the “Spread”), as determined in arrears by the Calculation Agent in the manner described herein, subject to the terms of the Interest Calculation Agreement. Such interest will be payable quarterly in arrears on April 15, 2030, July 15, 2030, October 15, 2030 and on the Maturity Date (each a “Floating Rate Period Interest Payment Date”). Such interest will be computed for the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date or the Maturity Date or date of redemption or repayment (each, a “Floating Rate Interest Period”); provided that the first Floating Rate Interest Period for the Notes will begin on (and include) January 15, 2030 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.
(ii) The Calculation Agent will calculate the interest rate on the Notes quarterly on the second U.S. Government Securities Business Day preceding the applicable Floating Rate Period Interest Payment Date, except as described below (the “Interest Determination Date”). In no event will the interest payable on the Notes be less than zero. Interest will be computed on the basis of the actual number of days in each Floating Rate Interest Period and a 360-day year. The amount of accrued interest payable on the Notes for each Floating Rate Interest Period will be comput...