Construction Phase Interest Rate definition

Construction Phase Interest Rate has the meaning set forth on Exhibit F.
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Construction Phase Interest Rate has the meaning set forth on Exhibit F; provided during the continuation of any Event of Default hereunder, the Construction Phase Interest Rate shall be the Default Rate.
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Construction Phase Interest Rate means the rate as provided in Section [3] of the Project
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Examples of Construction Phase Interest Rate in a sentence

  • The Series 2022 Funding Loan shall bear interest payable on each Interest Payment Date at [(i)] the Construction Phase Interest Rate during the Construction Phase and (ii) the Permanent Phase Interest Rate during the Permanent Phase.

  • As used in this Note, (i) the term “Funding Lender” means the holder of this Note, (ii) the term “Indebtedness” means the principal of, premium, if any, and interest on or any other amounts due at any time under this Note or the Funding Loan Agreement and (iii) the terms "Construction Phase Interest Rate" and "Permanent Phase Interest Rate" and certain related terms have the meanings set forth below.

  • The Series 2021 Funding Loan shall bear interest payable on each Interest Payment Date at (i) the Construction Phase Interest Rate during the Construction Phase and (ii) the Permanent Phase Interest Rate during the Permanent Phase.


More Definitions of Construction Phase Interest Rate

Construction Phase Interest Rate has the meaning set forth on Exhibit F of the Funding Loan Agreement.
Sample 1
Construction Phase Interest Rate means a variable rate per annum equal to the sum of (a) LIBOR Daily Floating Rate, plus (b) LIBOR_Spread percent (Spread%) per annum computed for the actual number of days which have elapsed, on the basis of a 360-day year.
Sample 1
Construction Phase Interest Rate means the rate of interest applicable to the Project Loan prior to the Conversion Date, as set forth in the Project Note.
Sample 1
Construction Phase Interest Rate means a variable rate of interest, computed on the basis of a 360-day year consisting of twelve 30-day months, equal to the greater of (i) 4.75% per annum and (ii) the New York Prime Rate plus 1.5% per annum.
Sample 1
Construction Phase Interest Rate means a variable rate of interest, computed no less often than monthly, on or prior to each Interest Payment Date, on the basis of a 360-day year consisting of twelve 30-day months, equal to the greater of (i) 4.75% per annum and (ii) the New York Prime Rate on the date of calculation, plus 1.5% per annum.
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Related to Construction Phase Interest Rate

  • Base Interest Rate means the rate determined by the Bank at the time of a Conversion execution (other than a Commodity Conversion), based on: (i) the currency requested by the Borrower; (ii) the type of interest rate requested by the Borrower; (iii) the Amortization Schedule; (iv) the existing market conditions; and

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

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

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

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

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

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • 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.

  • 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.

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • 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).