Common use of Rate Setting Clause in Contracts

Rate Setting. If Borrower satisfies all of the conditions to Lender’s obligation to make the Future Advance, then Borrower may submit to Lender, by facsimile transmission before 1:00 p.m. Washington, D.C. time on any Business Day (“Rate Setting Date”), a completed and executed Rate Form. The Rate Form shall specify the amount, term, Facility Fee, the proposed maximum Interest Rate, and Closing Date for the Advance.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Emeritus Corp\wa\)

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Rate Setting. If Borrower satisfies all of the conditions to Lender’s 's obligation to make the Future AdvanceAdvance to be satisfied prior to the setting of the MBS Pass-Through Rate, then Borrower may submit to Lender, by facsimile transmission before 1:00 p.m. Washington, D.C. time on any Business Day ("Rate Setting Date"), a completed and executed Rate Form. The Rate Form shall specify the amount, term, MBS Issue Date, Facility Fee, any breakage fee deposit amount, the proposed maximum Interest Coupon Rate ("Maximum Annual Coupon Rate, ") and Closing Date for the Advance.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Bre Properties Inc /Md/)

Rate Setting. If Borrower satisfies all of the conditions to Lender’s 's obligation to make the Future Advance, then Borrower may submit to Lender, by facsimile transmission before 1:00 p.m. Washington, D.C. time on any Business Day ("Rate Setting Date"), a completed and executed Rate Form. The Rate Form shall specify the amount, term, MBS Issue Date (if applicable), Facility Fee, the proposed maximum Interest Coupon Rate ("Maximum Annual Coupon Rate, ") and Closing Date for the Advance.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Sun Communities Inc)

Rate Setting. If Borrower satisfies all of the conditions to Lender’s 's obligation to make the Future Advance, then Borrower may submit to Lender, by facsimile transmission before 1:00 p.m. Washington, D.C. time on any Business Day ("Rate Setting Date"), a completed and executed Rate Form. The Rate Form shall specify the amount, term, MBS Issue Date, Facility Fee, any breakage fee deposit amount, the proposed maximum Interest Coupon Rate ("Maximum Annual Coupon Rate, ") and Closing Date for the Advance.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Sunrise Assisted Living Inc)

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Rate Setting. If Borrower satisfies all of the conditions to Lender’s 's obligation to make the Future Advance, then Borrower may submit to Lender, by facsimile transmission before 1:00 p.m. Washington, D.C. time on any Business Day ("Rate Setting Date"), a completed and executed Rate Form. The Rate Form shall specify the amount, term, MBS Issue Date, Facility Fee, the proposed maximum Interest Coupon Rate ("Maximum Annual Coupon Rate, ") and Closing Date for the Advance.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Sun Communities Inc)

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