Borrower Interest Rate definition

Borrower Interest Rate for any Note with respect to any Interest Period: an interest rate equal to Bank LIBOR for such Interest Period, plus 87.5 basis points per annum (computed on the basis of a year of 360 days), based on actual days elapsed.
Sample 1
Borrower Interest Rate contained under Section 1.01 of the Credit Agreement is hereby amended effective from and after the date hereof by substituting [*] for [*] appearing in the one place at the beginning of subclause "(z)" thereof. In addition, the parties agree that in the event Borrower shall lose the benefit of or no longer be entitled to receive the Fine Interest Payments, then from and after the date of the occurrence of such event, the Borrower Interest Rate shall be further reduced and the definition of "Borrower Interest Rate" contained in Section 1.01 shall thereafter be further amended by substituting [*] for [*] at the beginning of subclause "(z)" thereof. [*]
Sample 1
Borrower Interest Rate contained in Section 1.01 shall thereafter be further amended by substituting [*] for [*] at the beginning of subclause "(z)" thereof. [*]
Sample 1

Examples of Borrower Interest Rate in a sentence

  • The impact for members is demonstrated by the calculation below:If your Loan Units outstanding are $1000 and your successful Borrower Interest Rate was 10.0% per annum, you will effectively receive 8.0% per annum after the TruePillars margin is deducted.

  • SUPPLY Seller agrees to supply and Buyer agrees to purchase the Materials or the Services at the price and on the Terms and Conditions specified in this Order.

  • To bid in an auction, you will need to nominate the amount you wish to invest (minimum $50) and the lowest interest rate you expect the Borrower to pay (your Minimum Borrower Interest Rate).

  • However, when multiple investors have bids at the same Minimum Borrower Interest Rate, TruePillars proprietary technology will randomly decide which bids are successful during the auction period.• The Borrower will ultimately receive funding sourced from the lowest composition of bids, that is, from those investors who have nominated the lowest Minimum Borrower Interest Rates.

  • SmartBid allows you to nominate the lowest Borrower Interest Rate you’re willing to accept and will automatically adjust your bid on your behalf, starting at the highest Borrower Interest Rate available.

  • You will be entitled to interest income from Loan Units at your Borrower Interest Rate, less a margin retained by TruePillars (refer to section 8 for more information aboutthe margin retained by TruePillars).

  • As the auction proceeds:‌• Bids are firstly accepted in order of receipt until the cumulative value of bids meets the total required amount to fund the given loan.• Thereafter, new bids are only accepted if the Minimum Borrower Interest Rate nominated by a new bid is lower than that required by earlier bids.• Bids with lower Minimum Borrower Interest Rates will always outbid those with higher Minimum Borrower Interest Rates.

  • TruePillars Lending is then obliged to pay corresponding amounts of principal and interest at the Borrower Interest Rate of each of the members holding corresponding Loan Units, after retaining the TruePillars margin (Refer to section 8).

  • Subject to no defaults, your expected rate of return is your nominated Borrower Interest Rate, less 2%, which is retained by TruePillars.

  • All amounts paid by the Counterparty under the Interest Rate Cap Agreement to Borrower Interest Rate Cap Party or Lender shall be deposited immediately as directed by Lxxxxx.


More Definitions of Borrower Interest Rate

Borrower Interest Rate means, with respect to a Loan, the risk-based annualized interest rate used to accrue interest payable by the Borrower.
Sample 1
Borrower Interest Rate for a Note: a fixed interest rate equal to the Finex LIBO Rate for its Purchase Date, minus 2% per annum (computed on the basis of a year of 360 days), based on actual days elapsed, or such other interest rate as Borrower is actually required to pay on such Note under the Finex Program.
Sample 1
Borrower Interest Rate with respect to any Interest Period: an interest rate equal to Bank LIBOR for such Interest Period, plus (x) 0.60% per annum from the Purchase Date to the fifth Interest Payment Date for the related Note, (6) 0.875% per annum after the fifth Interest Payment Date through the tenth Interest Payment Date for the related Note, and (z) 1.05% for the remainder of the term of the related Note (computed on the basis of a year of 360 days), based on actual days elapsed.
Sample 1

Related to Borrower Interest Rate

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • LIBOR Interest Rate means the rate per year (rounded upward to the next one-sixteenth (1/16th) of one percent (0.0625%), if necessary) determined by CNB to be the quotient of (a) the LIBOR Base Rate divided by (b) one minus the Eurocurrency Reserve Requirement for the Interest Period; which is expressed by the following formula: LIBOR Base Rate

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Applicable Interest Rate means (i) with respect to any Fixed Rate Indebtedness, the fixed interest rate applicable to such Fixed Rate Indebtedness at the time in question, and (ii) with respect to any Floating Rate Indebtedness, either (x) the rate at which the interest rate applicable to such Floating Rate Indebtedness is actually capped (or fixed pursuant to an interest rate hedging device), at the time of calculation, if Borrower has entered into an interest rate cap agreement or other interest rate hedging device with respect thereto or (y) if Borrower has not entered into an interest rate cap agreement or other interest rate hedging device with respect to such Floating Rate Indebtedness, the greater of (A) the rate at which the interest rate applicable to such Floating Rate Indebtedness could be fixed for the remaining term of such Floating Rate Indebtedness, at the time of calculation, by Borrower’s entering into any unsecured interest rate hedging device either not requiring an upfront payment or if requiring an upfront payment, such upfront payment shall be amortized over the term of such device and included in the calculation of the interest rate (or, if such rate is incapable of being fixed by entering into an unsecured interest rate hedging device at the time of calculation, a fixed rate equivalent reasonably determined by Administrative Agent) or (B) the floating rate applicable to such Floating Rate Indebtedness at the time in question.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Floating 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 Floating Interest Rate exceed the Capped Interest Rate.

  • Class E Interest Rate means 5.02% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Mortgage Interest Rate The annual rate of interest borne on a Mortgage Note.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.805 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.920 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.030 % 1.030 % BBB by Standard & Poor’s Baa2 by Moody’s 0.140 % 1.140 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.