Interest Rate Change Sample Clauses
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Interest Rate Change. The Lease Rate Factors or the periodic Rent described in this Equipment Schedule have been calculated using an interest rate based on the 5-year U.S. Treasury Constant Maturity of 6.37% as described in the Federal Reserve Statistical Release H.15 ("Treasury Rate"). If on the Commencement Date for the last item of Equipment and/or Software prior to the beginning of the Initial Term, the Treasury Rate is greater or there is an adverse change in Lessee's credit standing, Lessor may adjust the Lease Rate Factors or the periodic Rent accordingly.
Interest Rate Change. Pursuant to Section 3.1(b) of the Credit Agreement, Borrower hereby elects to change the interest rates applying to the portions of the Loan listed below. Borrower provides the following information: (a) Amount of Loan to be affected, (b) date on which the current interest rate applicable to the affected portion of the Loan became effected, (c) Type of interest rate currently applied (LIBOR or Base Rate), (d) interest rate currently applicable to such portion, (e) Type of interest rate to be applied from the effective date of this Notice (LIBOR or Base Rate), and (f) if a LIBOR Portion is requested, the requested Rate Period. 5. Continuation of LIBOR Rate Portion Pursuant to Section 3.1(b) of the Credit Agreement, Borrower hereby elects to continue the outstanding principal balances of the below listed LIBOR Rate Portions as such LIBOR Rate Portions. Borrower provides the following information: (a) The principal amount of such LIBOR Rate Portion to remain outstanding, (b) first date of the current Rate Period, (c) current Rate Period, and (d) requested Rate Period
Interest Rate Change. Pursuant to Section 3.1(b) of the Credit Agreement, Borrower hereby elects to change the interest rates applying to the portions of the Loan listed below. Borrower provides the following information: (a) Amount of Loan to be affected, (b) date on which the current interest rate applicable to the affected portion of the Loan became effected, (c) Type of interest rate currently applied (LIBOR or Base Rate), (d) interest rate currently applicable to such portion, (e) Type of interest rate to be applied from the effective date of this Notice (LIBOR or Base Rate), and (f) if a LIBOR Portion is requested, the requested Rate Period. Amount Date Type (current) Rate (current) be Applied Period
Interest Rate Change. Notwithstanding anything to the contrary in the Agreements or the Notes, from and after the Effective Date (as defined in paragraph 5 below) and until the Reduction Date (as defined below) each of the Notes shall bear interest at a rate equal to the rate which would be borne by the Notes in the absence of this paragraph, plus 0.50%; and from and after the Reduction Date each of the Notes shall bear interest at a rate equal to the rate which would be borne by the Notes in the absence of this paragraph, plus 0.25%. As
Interest Rate Change. Effective as of June 30, 2007, the definition of “Applicable Margin” is deleted and the following is substituted in lieu thereof:
Interest Rate Change. Horizon Bank reserves the right from time to time during the term of this Agreement to increase or decrease, at its election, the interest rate applicable to either A-Rated Loans or Sub-Prime Rated Loans by giving Mortgage Company five (5) days written notice of such interest rate change. The Parties agree that for the purposes of this paragraph 3.02 (4), facsimile notice to Mortgage Company shall be deemed sufficient notwithstanding any other provision in this Agreement to the contrary. Facsimile notice may be given by Horizon Bank to Mortgage Company at the following number: , or to such other number as Mortgage Company may identify to Horizon Bank in writing from time to time. The adjusted interest rate shall automatically become effective on the sixth (6th) calendar day following the date such written notice is sent to Mortgage Company ("Effective Date") but shall only apply to Loans (either A-Rated or Sub-Prime, depending on which type of Loan the interest rate change was applicable) purchased by Horizon Bank on or after the Effective Date. Such modified interest rate shall remain in effect until further notice is given by Horizon Bank to Mortgage Company consistent with this section 3.02 (4).
Interest Rate Change. Effective January 1, 1998, -------------------- the Borrower shall pay interest in respect of the outstanding unpaid principal amount of all Revolving Credit Loans in accordance with the Revolving Credit Interest Rate Options set forth in Section 4.01 of the Credit Agreement plus an additional .25% per annum; such ---- change increasing the rate payable with respect to the Base Rate Option to the Base Rate plus .25% per annum and the rate payable ---- under the Euro-Rate Option to the Euro-Rate plus 2% per annum. ----
Interest Rate Change. Principal Reduction