MORTGAGE RATE Sample Clauses

MORTGAGE RATE. 25 MORTGAGOR....................................................................................................25
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MORTGAGE RATE. 5.1 Subject to Clauses 5.2, 5.5 and 5.6, each Seller, the Issuer and the Trustee grant the Administrators full right, liberty and authority from time to time, in accordance with the relevant Mortgage Conditions, to determine and set the rate or rates of interest chargeable to Borrowers. Each of the Sellers, the Issuer and the Trustee shall be bound by any rate or rates of interest set in accordance with this Agreement.
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MORTGAGE RATE. 13 Mortgagor.................................................................... 13
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MORTGAGE RATE. 4.1 The Issuer and the Trustee grant the Mortgage Manager full right, liberty and authority (and the Origination Agent acknowledges such grant) to determine and set the rate or rates of interest applicable to the Loans on each date on which such rate or rates may be re-set thereunder in accordance with the terms of such Loans and in compliance with any applicable requirements of the Financial Regulator. The Origination Agent, the Originators, the Issuer and the Trustee shall be bound by any rate or rates of interest applicable to the Loans set in accordance with this Mortgage Management Agreement.
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MORTGAGE RATE. 32 Mortgagor...................................................................32 Net Aggregate Prepayment Interest Shortfall.................................32
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MORTGAGE RATE. 18 SECTION PAGE ------- ----
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Related to MORTGAGE RATE

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Mortgage Note The originally executed note or other evidence of the indebtedness of a Mortgagor under the related Mortgage Loan.

  • Default Interest Rate From and after the occurrence of any Event of Default, and so long as any such Event of Default remains unremedied or uncured thereafter, the Obligations outstanding under the Agreement shall bear interest at a per annum rate of five percent (5%) above the otherwise applicable interest rate hereunder, which interest shall be payable upon demand. In addition to the foregoing, a late payment charge equal to five percent (5%) of each late payment hereunder may be charged on any payment not received by Bank within ten (10) calendar days after the payment due date therefor, but acceptance of payment of any such charge shall not constitute a waiver of any Event of Default under the Agreement. In no event shall the interest payable under this Addendum and the Agreement at any time exceed the maximum rate permitted by law.

  • Maximum Interest Rate In no event shall any interest rate provided for hereunder exceed the maximum rate legally chargeable under applicable law with respect to loans of the Type provided for hereunder (the “Maximum Rate”). If, in any month, any interest rate, absent such limitation, would have exceeded the Maximum Rate, then the interest rate for that month shall be the Maximum Rate, and, if in future months, that interest rate would otherwise be less than the Maximum Rate, then that interest rate shall remain at the Maximum Rate until such time as the amount of interest paid hereunder equals the amount of interest which would have been paid if the same had not been limited by the Maximum Rate. In the event that, upon payment in full of the Obligations, the total amount of interest paid or accrued under the terms of this Agreement is less than the total amount of interest which would, but for this Section 3.3, have been paid or accrued if the interest rate otherwise set forth in this Agreement had at all times been in effect, then the Borrower shall, to the extent permitted by applicable law, pay the Agent, for the account of the applicable Lenders, an amount equal to the excess of (a) the lesser of (i) the amount of interest which would have been charged if the Maximum Rate had, at all times, been in effect or (ii) the amount of interest which would have accrued had the interest rate otherwise set forth in this Agreement, at all times, been in effect over (b) the amount of interest actually paid or accrued under this Agreement. If a court of competent jurisdiction determines that the Agent and/or any Lender has received interest and other charges hereunder in excess of the Maximum Rate, such excess shall be deemed received on account of, and shall automatically be applied to reduce, the Obligations other than interest, and if there are no Obligations outstanding, the Agent and/or such Lender shall refund to the Borrower such excess.

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