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

• The amount of Additional Interest will be determined by multiplying the applicable Additional Interest Rate by the principal amount of the Securities and further multiplied by a fraction, the numerator of which is the number of days such Additional Interest Rate was applicable during such period (determined on the basis of a 360-day year comprised of twelve 30-day months), and the denominator of which is 360.

• The Additional Interest Rate shall increase by an additional 0.25% per annum with respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum Additional Interest Rate of 1.0% per annum.

• The Additional Interest Rate shall increase by an additional 0.50% per annum with respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum Additional Interest Rate of 2.0% per annum.

• The amount of Additional Interest will be determined by multiplying the applicable Additional Interest Rate by the principal amount of the Initial Securities, further multiplied by a fraction, the numerator of which is the number of days such Additional Interest Rate was applicable during such period (determined on the basis of a 360-day year comprised of twelve 30-day months), and the denominator of which is 360.

• Additional Interest shall accrue on the Securities over and above the interest set forth in the title of the Securities from and including the date on which any such Registration Default shall occur to but excluding the date on which all such Registration Defaults have been cured, at a rate of 0.25% per annum (the "Additional Interest Rate") for the first 90-day period immediately following the occurrence of such Registration Default.

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.