Additional Interest Rate definition

Additional Interest Rate. With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

Additional Interest Rate means, with respect to (i) the Class A Notes, 0.75%, (ii) the Class B Notes, 0.75% and (iii) the Class C Notes, 0.75%.

Additional Interest Rate means, with respect to any ARD Mortgage Loan after its Anticipated Repayment Date, subject to Section 2.05(b), the incremental increase in the Mortgage Rate for such loan resulting from the passage of such Anticipated Repayment Date.

Examples of Additional Interest Rate in a sentence

• Additional interest amount derived from applicable Additional Interest Rate (AIR).

• At the beginning of every financial quarter, Additional Interest Rate (AIR) will be declared by the Company.

• In respect of such part of the Interest that accrued on the Note Principal Amount of a Note during an Interest Period at the Additional Interest Rate ( Additional Interest Amount), that Additional Interest Amount will be capitalised on the relevant Interest Payment Date and added as principal to the Note Principal Amount of that Note.

• Additional Interest Rate (AIR) Amount and Minimum Floor Rate (MFR) Amount are derived based on the policy account value net of relevant charges.

• A non-zero positive additional interest amount derived from Additional Interest Rate (AIR) at the end of every financial quarter.

More Definitions of Additional Interest Rate

Additional Interest Rate shall have the meaning set forth in Section 2(e) hereof.

Additional Interest Rate means the 0.50% additional interest charged on the Assessments pursuant to Section 372.018 of the PID Act.

Additional Interest Rate means Non-zero positive interest rate, which is declared over and above the minimum floor rate.

Additional Interest Rate means the Additional Interest Rate applicable to the relevant Class of Notes pursuant to paragraph 18 of the Applicable Supplement.

Additional Interest Rate means a non-negative rate of return declared by the Insurer at the beginning of each calendar quarter and credited to the balance of the Account Value at a quarterly frequency after the Minimum Floor Rate is credited.

Additional Interest Rate means in respect of each Debenture a rate equal to 2% (two per cent) per annum.

Additional Interest Rate has the meaning set forth in Section 110.