Applicable Interest definition

Applicable Interest means interest at the rate provided in Section 1274(b)(2)(B) of the Code.

Applicable Interest. RATE shall mean (i) from the date hereof through and including the Anticipated Repayment Date, the Stated Interest Rate, and (ii) from the day after the Anticipated Repayment Date through and including the Maturity Date, the Revised Interest Rate. BORROWER shall have the meaning provided in the first paragraph hereof.

Applicable Interest means the interest applicable to the Debt Instrument as set forth in the Letter of Offer;

Examples of Applicable Interest in a sentence

• Each determination by Lender of the Applicable Interest Rate shall be conclusive and binding for all purposes, absent manifest error.

• If by the terms of this Note, Borrower is at any time required or obligated to pay interest on the principal balance due hereunder at a rate in excess of such maximum rate, the Applicable Interest Rate or the Default Rate, as the case may be, shall be deemed to be immediately reduced to such maximum rate and all previous payments in excess of the maximum rate shall be deemed to have been payments in reduction of principal and not on account of the interest due hereunder.

• Subject to the terms and conditions hereof, each Revolving Credit Advance shall, from time to time from and after the date of such Advance (until paid), bear interest at its Applicable Interest Rate.

• Any change in the rate of interest hereunder due to a change in the Applicable Interest Rate shall become effective as of the opening of business on the first day on which such change in the Applicable Interest Rate shall become effective.

• Subject to the terms and conditions hereof, each Swing Line Advance shall, from time to time after the date of such Advance (until paid), bear interest at its Applicable Interest Rate.

More Definitions of Applicable Interest

Applicable Interest means 59% of the actual interest that has been paid to Visa as a result of the investment by Visa of the Visa Settlement Fund in an investment vehicle mutually agreed upon by Visa and Discover.

Applicable Interest means (i) the Offered Interest, (ii) the Interests (or portion thereof) of any Tag-Along Member or Tagging Member to be transferred in any Tag-Along Transfer or (iii) the Subject Interest, as applicable.

Applicable Interest means (A) for federal income tax refunds, the interest received that has not been reflected on the books of Parent Holdings, FNB, CFB, or any Subsidiary of CFB as of the Effective Date, less the product of such excess interest times the highest combined statutory rates of federal, state, and local income taxes in effect during the tax year in which the interest is received, or (B) for federal income tax deficiencies, the interest paid for any federal income tax that has not been reflected on the books of Parent Holdings, FNB, CFB, or any Subsidiary of CFB as of the Effective Date, less the product of such excess interest times the highest combined statutory rates of federal, state, and local income taxes in effect during the tax year in which the interest is paid.

Applicable Interest means the interest applicable to the Debt Instrument as set forth in the Appendix and the Loan Sheet;

Applicable Interest. As defined in Section 9.02(a)(i)(A).

Applicable Interest means the interest applicable to the Debt Note as set forth in the Debt Note and the Loan Sheet;

Applicable Interest. RATE shall mean (i) from the date hereof through and including the Anticipated Repayment Date, the Initial Interest Rate, and (ii) from the day after the Anticipated Repayment Date through and including the Maturity Date, the Revised Interest Rate. BORROWER shall have the meaning provided in the first paragraph hereof.