Borrower Interest Rate definition

Borrower Interest Rate with respect to any Interest Period: an interest rate equal to Bank LIBOR for such Interest Period, plus 0.85% per annum (computed on the basis of a year of 360 days), based on actual days elapsed.
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
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

Examples of Borrower Interest Rate in a sentence

  • 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).

  • 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.

  • You will always be able to find out the status of your bids, Loan Units and available funds by logging into the website and accessing your personalised dashboard.Although the Borrower will pay a single blended interest rate, which is fixed for the term of the loan, members holding Loan Units will receive distributions of interest at their Borrower Interest Rate, less the margin retained by TruePillars (refer to section 8 for more information on the margin retained by TruePillars).

  • 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.

  • If a SPA intends to disqualify a contractor for not staying current with the engineering processes, the SPAs will need to identify the material changes in the pole survey and engineering process that have occurred since the contractor’s last application and explain why the contractor’s prior training is no longer sufficient for current certification.

  • 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).

  • 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).

  • 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.

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


More Definitions of Borrower Interest Rate

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 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 means, with respect to a Loan, the risk-based annualized interest rate used to accrue interest payable by the Borrower.
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, for each LIBOR Loan for the relevant Interest Period, the rate per annum (rounded upward, if necessary, to the nearest one-sixteenth of 1%) determined by the Agent to be equal to the quotient of (a) the London Interbank Offered Rate for such LIBOR Loan for such Interest Period divided by (b) one minus the Eurocurrency Reserve Requirement for such Interest Period.

  • 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 (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • 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 each Revolving Credit Advance and Term Loan Advance, the Eurodollar-based Rate or the Base Rate, and (ii) with respect to each Swing Line Advance, the Base Rate or, if made available to the Borrower by the Swing Line Lender at its option, the Quoted Rate, in each case as selected by the Borrower from time to time subject to the terms and conditions of this Agreement.

  • 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: (a) initially Three-Month Term SOFR (as defined below). (b) Notwithstanding the foregoing clause (i) of this Section 2(b): (i) If the Calculation Agent, determines prior to the relevant Floating Interest Determination Date that a Benchmark Transition Event and its related Benchmark Replacement Date (each of such terms as defined below) have occurred with respect to Three-Month Term SOFR, then the Company shall promptly provide notice of such determination to the Holders and Section 2(c) (Effect of Benchmark Transition Event) will thereafter apply to all determinations, calculations and quotations made or obtained for the purposes of calculating the Floating Interest Rate payable on the Subordinated Notes during a relevant Floating Interest Period. (ii) However, if the Calculation Agent, determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR, but for any reason the Benchmark Replacement has not been determined as of the relevant Floating Interest Determination Date, the Floating Interest Rate for the applicable Floating Interest Period will be equal to the Floating Interest Rate on the last Floating Interest Determination Date for the Subordinated Notes, as determined by the Calculation Agent (as defined below). (iii) If the then-current Benchmark is Three-Month Term SOFR and any of the foregoing provisions concerning the calculation of the interest rate and the payment of interest during the Floating Interest Period are inconsistent with any of the Three-Month Term SOFR Conventions determined by the Company, then the relevant Three-Month Term SOFR Conventions will apply.

  • Class E Interest Rate means 4.99% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen

  • Mortgage Interest Rate For any Mortgage Loan, the per annum rate at which interest accrues on such Mortgage Loan pursuant to the terms of the related 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).

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

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

  • Class A-1 Interest Rate means 0.75000% per annum (computed on the basis of the actual number of days elapsed, 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: A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % 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 0.06% 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 [●]% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).