Collateral Interest Rate definition

Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Ratefrom time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties.
Collateral Interest Rate means the Federal Funds overnight rate as specified in the Federal Reserve Statistical Report (H.
Collateral Interest Rate means the daily effective federal funds rate as published in the applicable statistical release designated as H.12(510), or any successor publication by the Board of Governors of the Federal Reserve System. If such rate is expressed as a range, the Collateral Interest Rate shall equal the arithmetic average of such range.

Examples of Collateral Interest Rate in a sentence

  • In lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Performance Assurance, Buyer will transfer to Seller on the third (3rd) Business Day of each calendar month interest (at the Collateral Interest Rate as defined below) on the Performance Assurance held in the prior month.


More Definitions of Collateral Interest Rate

Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Ratefrom time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties. [
Collateral Interest Rate means the rate designated as such in the Collateral Agreement; provided, however, that the Collateral Interest Rate with respect to any Monthly Period shall not exceed LIBOR for such Monthly Period plus 1%.
Collateral Interest Rate means the rate designated as such in the Transfer and Administration Agreement; provided, however, that the Collateral Interest Rate with respect to any Monthly Period shall not exceed 8.00% per annum.
Collateral Interest Rate means 0.00%.
Collateral Interest Rate means, with respect to any Interest ------------------------ Accrual Period, a per annum rate equal to LIBOR for such Interest Accrual Period plus % provided, however, with respect to the first Interest ------ Accrual Period, the Collateral Interest Rate will be equal to %. ---
Collateral Interest Rate on any day shall mean the rate opposite the caption “Federal Funds (effective)” for such day as published by the Federal Reserve Publication H.15

Related to Collateral Interest Rate

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

  • 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

  • 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.

  • 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.

  • Initial Interest Rate means, as of any date of determination, (a) with respect to each A Note, the Initial Note A Interest Rate and (b) with respect to each B Note, the Initial Note B Interest Rate.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;