Adjustable Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the fifth (5th) decimal place if necessary) plus the Margin.
Adjustable Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Adjustable Interest Rate exceed the Capped Interest Rate.
Adjustable Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the fifth (5th) decimal place if necessary) plus the Margin. However, in no event will the Adjustable Interest Rate exceed the Capped Interest Rate.
Examples of Adjustable Interest Rate in a sentence
For Adjustable Interest rate, for subsequent term of Loan, the interest rate shall be applicable as per prevailing IHFL-FRR, as on date of switching and agreed margin on the same, on the date of application of Adjustable Interest Rate and accordingly the interest and the EMI will be computed as under Article 2.3 B (hereinabove).
More Definitions of Adjustable Interest Rate
Adjustable Interest Rate or “AlR” means the interest rate announced by IHFL, from time to time as its IHFL Floating Reference Rate (IHFL-FRR) and applied by IHFL with margin, if any, as may be decided by IHFL, on the Loan of the Borrower pursuant to this Agreement.
Adjustable Interest Rate means (i) the Base Rate, and/or (ii) the Prime Rate, each as provided in the Credit Agreement. However, in no event will the Adjustable Interest Rate exceed the Maximum Interest Rate.
Adjustable Interest Rate means the ICICI Bank Base Rate (I- Base)” which is the percentage rate per annum decided by the Bank from time to time and announced / notified by the Bank from time to time as its Base Rate.
Adjustable Interest Rate. / “AIR” shall mean and include the variable and floating rate of interest with reference to the Base rate of IIFL together with the margin, if any, as specified by IIFL and set out hereinafter, applicable on the Loan pursuant to Transaction Documents.
Adjustable Interest Rate means IHFL-LFRR and the margin, if any, as specified by IHFL and set out herein this Agreement, applicable as the interest rate on the Loan of the Borrower/s pursuant to this Agreement.
Adjustable Interest Rate. A definite and certain, but adjustable annual rate of interest equal to the greater of (i) three and fifteen hundredths of one percent (3.15%) plus the Adjustable Rate Index, or (ii) the Minimum Interest Rate.
Adjustable Interest Rate. If this Mortgage has an adjustable interest rate, the monthly instalment will be calculated in accordance with the Schedule of Additional Mortgage Terms attached hereto. The Mortgagor covenants that it will pay the Principal Amount together with interest at the Interest Rate to the Mortgagee at the times and in the manner herein set out, up to and including the Balance Due Date, and the outstanding Principal Amount then owing under this Mortgage, together with any accrued and unpaid interest will become due and payable on the Balance Due Date.