Cash Pay Interest Rate definition

Cash Pay Interest Rate means a rate per annum as set forth in the table below, which shall be calculated on an actual 360-day convention and be on each Payment Date in cash. ​ Payment Date: Cash Pay Interest Rate: From the Closing Date until the 6-month anniversary of the Closing Date: 4.000% From the 6-month anniversary of the Closing Date until the 12-month anniversary of the Closing Date: 4.125% From the 12-month anniversary of the Closing Date until the 18-month anniversary of the Closing Date: 4.250% From the 18-month anniversary of the Closing Date until the 24-month anniversary of the Closing Date: 4.375% From the 24-month anniversary of the Closing Date until the 30-month anniversary of the Closing Date: 4.500% From the 30-month anniversary of the Closing Date until the 36-month anniversary of the Closing Date: 4.625% From the 36-month anniversary of the Closing Date until the 42-month anniversary of the Closing Date: 4.750% From the 42-month anniversary of the Closing Date until the 48-month anniversary of the Closing Date: 4.875% ​ ​ From the 48-month anniversary of the Closing Date until the 54-month anniversary of the Closing Date: 5.000% From the 54-month anniversary of the Closing Date until the 60-month anniversary of the Closing Date: 5.125% During the Initial Extension Period: 5.750% During the Additional Extension Period: 6.000% ​
Sample 1
Cash Pay Interest Rate means 4.875% per annum, which shall be calculated on an actual 360-day convention and be on each Payment Date in cash.
Sample 1Sample 2
Cash Pay Interest Rate means a rate per annum equal to zero percent (0%) through August 13, 2015, two percent (2%) from August 14, 2015 through August 13, 2016 and twelve percent (12%) from August 14, 2016 until the payment of the Note in full.
Sample 1Sample 2

Examples of Cash Pay Interest Rate in a sentence

  • The interest payable at the Cash Pay Interest Rate shall be payable in arrears commencing on December 31, 2019 (the “First Payment Date”), on each Payment Date thereafter and upon the Maturity Date (the “Cash Pay Interest”).

  • The interest payable at the Cash Pay Interest Rate, if applicable, shall be payable in arrears commencing on December 31, 2023 (the “First Payment Date”), on each Payment Date thereafter and upon the Maturity Date (the “Cash Pay Interest”).

  • The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until the date such Advance has been paid in full at (x) at the All PIK Interest Rate, or (y) at the Borrower’s election with the prior written consent of each Lender, at the Cash Pay Interest Rate and the PIK Interest Rate (collectively, and as applicable, the “Aggregate Interest Rate”), in each case as set forth in this Section 2.07.

  • The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until the date such Advance has been paid in full at the Cash Pay Interest Rate and the PIK Interest Rate (collectively “the Aggregate Interest Rate”) as set forth in this Section 2.07.

  • On each Interest Date, the then outstanding principal on the Notes shall be increased by an amount (the “PIK Amount”) equal to the difference between (i) interest accruing at the Current Interest Rate during the preceding one month period and (ii) interest accruing at the Cash Pay Interest Rate during the preceding one month period, which increase shall be made to all outstanding principal balance of the Notes on a ratable basis.

  • Any payment of interest that accrues at the Cash Pay Interest Rate due and owing on the Notes shall be made by cash only by wire transfer of immediately available funds.

  • On each such Interest Date and subject to Section 2.2(b), the Borrower shall (i) pay to the Lender or any other Holders in cash monthly installments of interest only (in arrears) at the Cash Pay Interest Rate on the then outstanding principal under the Notes and (ii) as set forth below, accrue the PIK Amount to the outstanding principal of the Notes.

  • The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until the date such Advance has been paid in full (x) during the Restricted Period, at the Restricted Period PIK Interest Rate, and (y) at all other times, at the Cash Pay Interest Rate and the PIK Interest Rate (collectively, and as applicable, the “Aggregate Interest Rate”), as set forth in this Section 2.07.

  • Subject to the last sentence of Section 2.2(a), interest on the Notes payable at the Cash Pay Interest Rate shall be payable on or before each Interest Date or at any such other time the Notes become due and payable (whether by acceleration, redemption or otherwise) to the Lender on the applicable Interest Date.

  • The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until the date such Advance has been paid in full (x) during the Restricted Period, at the Restricted Period PIK Interest Rate, and (y) at all other times, at the Cash Pay Interest Rate and the PIK Interest Rate (collectively “, and as applicable, the “Aggregate Interest Rate”), as set forth in this Section 2.07.


More Definitions of Cash Pay Interest Rate

Cash Pay Interest Rate means 6.00 per cent. per annum.
Sample 1Sample 2
Cash Pay Interest Rate means, the Interest Rate minus the PIK Interest Rate.
Sample 1
Cash Pay Interest Rate means 4.50 per cent. per annum.
Sample 1
Cash Pay Interest Rate means: (i) the Base Rate plus 3.5% per annum and (ii) the LIBOR Rate plus 4.5% per annum.
Sample 1

Related to Cash Pay Interest Rate

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • 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.

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

  • Cash Interest Rate means the Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15 (519), or any successor publication, published by the Board of Governors of the Federal Reserve System.

  • 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.

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

  • 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.

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

  • Class A-3 Interest Rate means 1.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

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

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • Capped Interest Rate is defined in the Note, if applicable.

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

  • 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.

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

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

  • 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

  • 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.

  • Adjusted Net Mortgage Interest Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Interest Rate less the Expense Fee Rate.

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

  • Interest Rate Cap Payment (a) With respect to the Class A-2, Class A-3 and Class A-4 Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 35 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class A-2, Class A-3 and Class A-4 Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis, (ii) the applicable Class A-2 and Class A-3 notional amount set forth on Schedule A to the Class A-2, Class A-3 and Class A-4 Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; (b) with respect to the Class M Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class M Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class M notional amount set forth on Schedule A to the Class M Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; and (c) with respect to the Class B Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class B Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class B notional amount set forth on Schedule A to the Class B Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement.

  • 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.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).