Fixed Rate Period Sample Clauses

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.
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Fixed Rate Period. During the period from (and including) February 2, 2024, to (but excluding) February 2, 2034, the Notes will bear interest at the rate of 5.709% per annum (the “Initial Interest Rate”). Such interest will be payable semi-annually in arrears on each February 2 and August 2 of each year, beginning on August 2, 2024 and ending on February 2, 2034 (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, 2023. The last interest payment date for the fixed rate period will be July 1, 2027. Floating rate period: January 1, April 1, July 1 and October 1 of each year, commencing on October 1, 2027.
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 Reference Date or Reference 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 a Reference Date.
Fixed Rate Period. During the period from, and including, January 27, 2023 to, but excluding, January 27, 2033 (the “Fixed Rate Period”), the Notes will bear interest at the rate of 5.053% per annum. Such interest will be payable semi-annually, in arrears, on January 27 and July 27 of each year, beginning on July 27, 2023 and ending on January 27, 2033 (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.
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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. (Check one only.) ¨ 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 ¨ Interest Only Advance. (Check one only) ¨ 30/360. [Select only if 30/360 is selected in Section 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. ¨ Actual/360. [Select only if Actual/360 is selected in Section 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. The Borrower may, upon compliance with certain conditions of the Indenture, cause the interest rate on the Bonds to be adjusted to a Fixed Rate, which shall be determined by the Remarketing Agent as provided in the Indenture. During the Fixed Rate Period, the Bonds shall bear interest at the Fixed Rate, payable on each Interest Payment Date (commencing on the first Interest Payment Date next following after the Fixed Rate Adjustment Date) to and including the maturity of the Bonds. Such interest shall be computed on the basis of a three hundred sixty (360) day year composed of twelve (12) thirty (30) days months.
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