Net Loan Rate Clause Samples

The Net Loan Rate clause defines the effective interest rate that a borrower will pay on a loan after accounting for any fees, costs, or deductions applied by the lender. In practice, this means that the stated loan rate is adjusted to reflect the actual cost to the borrower, which may differ from the nominal or advertised rate due to administrative charges or other withholdings. This clause ensures transparency by clarifying the true financial obligation of the borrower, helping to prevent misunderstandings about the total cost of borrowing and allowing for more accurate financial planning.
Net Loan Rate. With respect to each Loan, the related Loan Rate less the rate at which the Servicer Fee is calculated. Net Prepayment Interest Shortfall. As to any Distribution Date and Loan Group, the amount by which aggregate Prepayment Interest Shortfalls for the Loans in such Loan Group during the preceding Due Period exceed the Servicer Fee for such Loan Group for such Distribution Date.
View SourceView Similar (2)

Related to Net Loan Rate

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate. 5.10.2 In respect of Interest Periods pursuant to Clause 5.3.2 and subject to Clause 5.3.2, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during an Interest Period shall be the Fixed Rate.

  • Interest Rate Computations All interest hereunder shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), except that interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error, and be binding upon the parties hereto.

  • Interest Due Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.

  • 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.

  • Applicable Interest Rates (a) U.S.