Cap Interest Rate definition

Cap Interest Rate shall have the meaning set forth in the Letter of Credit.
View Source
Cap Interest Rate means a rate per annum of 12% calculated on the basis of a year of 360 days for the actual days elapsed.
View Source
Cap Interest Rate means a rate per annum of 12% calculated on the basis of a year of 365 days for the actual days elapsed.
View Source

Examples of Cap Interest Rate in a sentence

  • The Letter of Credit shall be in the original stated amount of U.S. $39,512,877 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) days.

  • The Letter of Credit shall be in the original stated amount of U.S. $16,588,713.00 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of 35 days.

  • The Letter of Credit shall be in the original stated amount of U.S. $20,295,891 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of 45 days.

  • The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) days.

  • The Letter of Credit shall be in the Original Stated Amount of $43,411,550 (the "Original Stated Amount"), which is the sum of (i) the principal amount of the Bonds on the Date of Issuance, plus (ii) interest thereon at the Cap Interest Rate for a period of One Hundred Eighty-Five (185) days.

  • Upon our honoring a certificate of the Paying Agent/Registrar in the form of Exhibit C or Exhibit D hereto, the Letter of Credit will automatically and permanently reduce the amount available to be drawn hereunder by the amount specified in such certificate and the interest component computed at the Cap Interest Rate on the said principal portion.

  • The Letter of Credit shall be in the original stated amount of U.S. $47,111,507 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) days.

  • The Letter of Credit shall be in the original stated amount of U.S. $20,263,014 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) days.

  • The Subseries 2005-2 Letter of Credit shall be issued in the original stated amount of $63,131,200, which is the sum of (i) the principal amount of the Subseries 2005-2 Bonds outstanding on the Closing Date plus (ii) interest thereon at the Cap Interest Rate for a period of fifty-three (53) days.

  • The Letter of Credit shall be in the original stated amount of $5,369,699 (the "Original Stated Amount"), which is the sum of (i) the highest principal amount of Bonds which may from time to time be outstanding, plus (ii) interest thereon at the Cap Interest Rate for a period of forty eight (48) days.


More Definitions of Cap Interest Rate

Cap Interest Rate has the meaning set forth in Section 16.02.
View Source
Cap Interest Rate has the meaning set forth in each Letter of Credit. “City” has the meaning set forth in the first paragraph hereof.
View Source

Related to Cap Interest Rate

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

  • 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.

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

  • 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.

  • 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.