Basic Interest Rate definition
Basic Interest Rate. The Producer shall pay the Administrator Interest at the following rates on the outstanding balance of all Advances made by the Administrator to the Producer pursuant to this Agreement from the date of each Advance until all Advances, Interest, and Costs are paid in full:
4.1.1. Subject to clause 4.2 below, Interest at 0% shall be payable on the first $250,000.00 of the Advances on All Eligible Agricultural Products on which Interest is paid by the Government of Canada, and;
4.1.2. Interest at Prime less 0.5% per annum, compounded monthly shall be paid on all other Advances.
Basic Interest Rate. (BIR) shall mean a variable interest rate index used by the Bank as basis for calculating the interest rate on the loan. BIR shall be approved by the Management Board of the Bank and calculated for each individual type of currency, following a method announced by the Bank, on the basis of the ratio between the projected costs of the liabilities of the Bank and the market interest rates for the same currency, applicable to credits in local and foreign currency. BIRce shall mean the Basic Interest Rate adjusted with market environment ratio. BIR shall be applied as a reference interest rate for credit agreements entered into before 23 July 2014;
Basic Interest Rate shall be as defined in Section 3.1.
Examples of Basic Interest Rate in a sentence
The Company shall pay interest on the unpaid principal amount of each Loan from the Closing Date until such Loan has been paid in full, at a per annum rate of interest equal to the Basic Interest Rate.
Except as otherwise provided in the Note or this Agreement, interest ("Basic Interest") shall accrue on the unpaid principal balance of the Loan from time to time outstanding at the Basic Interest Rate.
PIK Interest shall be computed at all times without regard to Basic Interest or the Basic Interest Rate.
From and after the 20th day following any such default, interest shall accrue and be payable hereunder at the rate of two percent (2 %) per annum above the then applicable Basic Interest Rate from the date of the occurrence of the Event of Default until the earliest date upon which the Event of Default has been cured (the "Default Interest Rate").
Except as otherwise provided in the Note or this Agreement, interest (“Basic Interest”) shall accrue on the unpaid principal balance of the Loan from time to time outstanding at the Basic Interest Rate.
More Definitions of Basic Interest Rate
Basic Interest Rate means the interest rate applied by the Bank to the Deposits of a Client. The basic interest represents the increase in value of the Deposit by the Basic Interest Rate and shall be paid at the Deposit maturity, unless the Client and the Bank agree otherwise.
Basic Interest Rate means with respect to each Loan: (i) 10% per annum during the period commencing on the Closing Date and ending on the first anniversary of the Closing Date; and (ii) 20% per annum during the period commencing on the first anniversary of the Closing Date and ending on the payment in full of the Loan.
Basic Interest Rate means a rate per annum equal to (a) from the Closing Date until the day immediately preceding the Amendment No. 1 Effective Date, the greater of (i) the fluctuating rate of interest announced from time to time in The Wall Street Journal as the “US prime rate” (or if such rate is no longer published by The Wall Street Journal, such rate as the Agent shall announce from time to time as its “prime rate”, which rate is not necessarily the lowest rate that the Agent charges to its customers) plus 5.50% and (ii) 9.00% and (b) from the Amendment No. 1 Effective Date until maturity (whether by acceleration or otherwise), a rate per annum equal to 8.00%.
Basic Interest Rate the per annum rate of interest described in the Schedule as the Basic Interest Rate.
Basic Interest Rate means a fixed rate equal to (a) twelve and one-half percent (12.5%) per annum, for any Interest Accrual Period or portion thereof during and through and including the Initial Maturity Date, (b) if the First Extension is exercised in accordance with and pursuant to Section 2.4(b) hereof, the greater of (i) fourteen percent (14%) per annum and (ii) the sum of LIBOR plus eight and one-quarter percent (8.25%) per annum, for any Interest Accrual Period or portion thereof after the Initial Maturity Date through and including the First Extension Maturity Date and (c) if the Second Extension is exercised in accordance with and pursuant to Section 2.4(c) hereof, the greater of (i) fifteen percent (15%) per annum and (ii) the sum of LIBOR plus nine and one quarter percent (9.25%) per annum, for any Interest Accrual Period or portion thereof after the First Extension Maturity Date through and including the Second Extension Maturity Date.
Basic Interest Rate means the interest rate stated in
Basic Interest Rate means, for any Quarterly Period, a rate per annum equal to the Chartered Bank Prime Business Rate published for the Wednesday before the first (1st) day of that Quarterly Period plus TWO PERCENT (2%) rounded to the nearest ONE-QUARTER PERCENT (1/4%). Where the expressions “TWO PERCENT (2%)” AND “ONE-QUARTER PERCENT (1/4%)” are used in this definition, such reference is to percentage points such that, for example, if the Chartered Bank Prime Business Rate published for the Wednesday before the Quarterly Period commencing the first (1st) day of January of a calendar year is SIX AND THIRTY-SEVEN ONE HUNDREDTHS PERCENT (6.37%), the Basic Interest Rate during that Quarterly Period would be EIGHT AND ONE-QUARTER PERCENT (8 1/4%);