Contractual Interest Rate definition

Contractual Interest Rate means a fixed rate of * % per annum, calculated based upon a 365 day year.
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Contractual Interest Rate as defined in Section 6.2.
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Contractual Interest Rate means the interest rate provided in each Lease Contract. "Corporate Services Agreement" means the corporate services agreement executed beforethe Issue Date between the Issuer and the Corporate Services Provider, as from time to time modified in accordance with the provisions therein contained and including any agreement or other document expressed to be supplemental thereto.
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Examples of Contractual Interest Rate in a sentence

  • Default / Delay Interest Rate (Annual) % It shall be calculated at a rate which is 30% above the Annual Contractual Interest Rate.

  • Annual Contractual Interest Rate % It is the annual interest rate stipulated in the Agreement and which constitutes the basis for drawing up the repayment schedule and which is calculated by taking into account the advance interest amount as well if any.

  • Financial Liabilities:-Trade and other Contractual Interest Rate% Carrying Amount RM’000Contractual Undiscounted Cash Flow RM’000 Within 1 year RM’000 1 to 5 years RM’000payablesCompanyFinancial Liability:-Other payables - 73 73 73 -Total undiscountedfinancial liability 73 73 73 - 29.

  • Effective Annual Interest Rate (Annual Cost Rate) % It is composed of calculation, as an annual percentage rate, of the total cost of the loan by including the Annual Contractual Interest Rate, Credit Allocation Fee (if any), and the Insurance Premium Amount (if any).

  • In case of failure to pay the said yearly public domain occupancy fee within the aforesaid period, the amount of the public domain occupancy fee owed shall be increased by late-payment interest based on the Contractual Interest Rate, until full payment thereof.

  • Interest shall be computed based on the Contractual Interest Rate.

  • Any delay in payment shall automatically entail the application of a per diem late-payment penalty based on the Contractual Interest Rate, the commencement date for application of the penalty being the date on which payment of the public domain occupancy fee is due to the Concession Grantor.

  • Contractual Rate (Monthly) - …..% - - Contractual Interest Rate (Annual) - …..% - - Default Interest Rate (Monthly) - …..% - 30% more than the contractual interest rate.

  • Darlynne Cassaday Follow this and additional works at: https://scholarlycommons.pacific.edu/nlr Part of the Legislation Commons Recommended Citation Darlynne Cassaday, Business and Professions; Maximum Contractual Interest Rate (USURY), 1979 U.

  • The Senior Units Specific Terms and Conditions applicable to a particular Senior Unit shall in all cases specify the Issue Date, the Minimum Contractual Interest Rate, the Nominal Value and Maturity of such Senior Unit.


More Definitions of Contractual Interest Rate

Contractual Interest Rate has the meaning ascribed to it in the Framework Agreement, that is the London Interbank Offered Rate (LIBOR) for three (3)-month US Dollar deposits plus three percent (3%).
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Contractual Interest Rate means the interest rate which is stipulated in the credit agreement for consumers and constitutes the basis for the preparation of a payment schedule and is calculated by considering the advance interest rate, if any, paid by the consumer,,
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Contractual Interest Rate means the interest rate included in consumer credit agreement,
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Contractual Interest Rate. Interest payable under any provision of this Agreement shall be calculated on the basis of actual days elapsed divided by 360.
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Contractual Interest Rate means 1.5% per annum.
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Contractual Interest Rate means the interest rate provided in each Lease Contract.
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Related to Contractual Interest Rate

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • 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.

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

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its “prime rate.” If a Citibank, N.A. prime rate is not available, the applicable prime rate will be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid.

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

  • 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.

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

  • 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.

  • 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.

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

  • 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

  • Actual Interest Amount is defined in Section 3.1(b)(vii) of this Agreement.

  • 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).

  • Reference Interest Rate Replacement Date means the earliest to occur of the following events with respect to the then-current Reference Interest Rate

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

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

  • Optimal Interest Remittance Amount For any Distribution Date, the excess of (i) the product of (1) (x) the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period less the Premium Percentage, divided by (y) 12 and (2) the applicable Aggregate Collateral Balance for the immediately preceding Distribution Date, over (ii) any expenses that reduce the Interest Remittance Amount that do not arise as a result of a default or delinquency of the Mortgage Loans.

  • Class A-1 Interest Rate means 0.75000% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • 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).

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • Reference Interest Rate Replacement means the first alternative set forth in the order below that can be determined by the Issuer or its designee as of the Reference Interest Rate Replacement Date:

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Interest Rate Cap means a Cap.

  • Interest Rate Contracts means all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and interest rate insurance.