Closing Date Interest Rate definition

Closing Date Interest Rate means the rate per annum equal to the prime commercial lending rate quoted as of the Closing Date by The Wall Street Journal, Eastern Edition.

Closing Date Interest Rate means the rate per annum equal to the prime commercial lending rate quoted as of the Closing Date by The Wall Street Journal (Eastern Edition).

Closing Date Interest Rate means six percent (6.0%) per annum.

Examples of Closing Date Interest Rate in a sentence

• In the event that Borrower receives Interest Rate Cap Funds (as defined in the Mortgage Loan Agreement) in accordance with Section 8.12(b) of the Mortgage Loan Agreement, Borrower shall cause such funds to be used to purchase the Closing Date Interest Rate Caps applicable to the Loan.

• The Adjustment Payment shall bear interest from the Closing Date to the date of payment at the Closing Date Interest Rate, which interest shall be calculated on the basis of a 365-day year and the actual number of days elapsed and such interest shall be paid on the same date and in the same manner as such Adjustment Payment.

• No later than the 90th day after the Closing Date, Borrower shall enter into, for a minimum of three years after the Closing Date, Interest Rate Protection Agreements acceptable to the Administrative Agent that result in an amount to be determined by the Administrative Agent of up to 25% of the aggregate principal amount of Terms Loans outstanding hereunder being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

• The Adjustment Payment shall bear interest from the date on which the Final Closing Statement becomes final and binding to the date of payment at the Closing Date Interest Rate, which interest shall be calculated on the basis of a 365-day year and the actual number of days elapsed and such interest shall be paid on the same date and in the same manner as such Adjustment Payment.

• The Other Business Payment shall bear interest from the Closing Date to the date of payment at the Closing Date Interest Rate, which interest shall be calculated on the basis of a 365-day year and the actual number of days elapsed and such interest shall be paid on the same date and in the same manner as such Other Business Payment.

More Definitions of Closing Date Interest Rate

Closing Date Interest Rate means the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the three (3) month London interbank offered rate for deposits in dollars at approximately 11:00 a.m. (London time) on the Closing Date plus 1.0%.

Closing Date Interest Rate means a rate equal to the average of the rates per annum (rounded upwards, if necessary, to the nearest 1/100 of 1% for such interest period which most closely matches the period between the Closing Date and the date when the Cash Purchase Price shall be paid pursuant to Section 2.5(f)) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in U.S.-Dollars at approximately 11:00 a.m. (London time) on the Closing Date plus 0.75%; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the average of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%) plus 0.75%. If for any reason such rate is not available, the term "Closing Date Interest Rate" shall mean the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in U.S.-Dollars at approximately 11:00 a.m. (London time) on the Closing Date plus 0.75%.

Closing Date Interest Rate means a rate equal to the prime rate as reported in the Wall Street Journal (New York edition) on the Closing Date plus 1.0%.

Closing Date Interest Rate means the thirty-day Dealer Commercial Paper Rate, plus 1%, as reported in The Wall Street Journal (New York edition) as of the interest calculation date which shall be reset and compounded monthly.

Closing Date Interest Rate means the rate of interest (rounded upwards, if necessary to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the three (3) month London interbank offered rate for deposits in dollars at approximately 11:00 a.m. (London time) on the Closing Date plus 1.0%; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the average of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%) plus 1.0%. If for any reason such rate is not available, the term "Closing Date Interest Rate" shall mean the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the three (3) month London interbank offered rate for deposits in dollars at approximately 11:00 a.m. (London time) on the Closing Date plus 1.0%.

Closing Date Interest Rate means the interest rate appearing on the Reuters Screen LIBOR Page as the London Interbank Offer Rate for one (1) month funding in Euros at approximately 11:00 a.m. (London, England time) on the Closing Date plus 1.0%.

Closing Date Interest Rate has the meaning ascribed to such term in Clause 2.8.4(h).