Current Interest Rate definition

Current Interest Rate means the interest rate set out in Item 8 of the Schedule or such other rate as the Bank may hereafter fix from time to time.

Current Interest Rate means the sum of (i) the Base Rate and (ii) the Interest Rate Spread; provided, that the Current Interest Rate shall not exceed the highest lawful rate and may be reduced in accordance with Section 2.2(e).

Current Interest Rate. A Current Interest Rate is credited to the General Account. The initial Current Interest Rate is in effect for the initial Guarantee Period. The initial Current Interest Rate is shown on the Data Page. The Current Interest Rate for a renewal Guarantee Period may change. A Current Interest Rate will never be less than the Minimum Guaranteed Interest Rate.

Examples of Current Interest Rate in a sentence

• Loan Term and Amortization Type Numeric – Decimal 248951.19 9(10).99 Always >= 0 36 Current Interest Rate The interest rate used to calculate the current P&I or I/O payment.

• The Contract Enhancement Charge is deducted daily from the Investment Divisions as part of the Accumulation Unit Value calculation and lowers the Current Interest Rate credited on Your Fixed Account Options.

• A Contract Option within the Fixed Account that specifies a fixed period for which the Company credits the Current Interest Rate.

• A Contract Option within the Fixed Account for a specific period under which the Current Interest Rate will be credited.

• However, in no event will the Current Interest Rate credited to any Fixed Account Option be less than the minimum guaranteed interest rate(s) for those options.

More Definitions of Current Interest Rate

Current Interest Rate means a rate equal to nine percent (9.0%) per annum.

Current Interest Rate means the applicable Rate Index plus the Current Interest Rate Margin.

Current Interest Rate means the rate of 6% per annum.

Current Interest Rate means (a) with respect to any Senior Tranche Loan, eleven percent (11.0%) per annum and (b) with respect to any Junior Tranche Loan, zero percent (0.0%) per annum; provided, that upon the satisfaction of the Maturity Date Extension Conditions, the “Current Interest Rate” shall mean eleven percent (11.0%) per annum for all Loans.

Current Interest Rate means (x) the rate of 5% per annum from ________ __, 2003 until _________ __, 2008, and (y) the rate of 8% per annum thereafter.

Current Interest Rate means a rate per annum equal to the sum of (a) the Cash Interest Rate plus (b) the PIK Interest Rate.

Current Interest Rate. The interest rate credited to a Certificate Holder's Account Value by the Company for any given Guarantee Period in the MVA Account or the Fixed Account. The Initial Current Interest Rates for the selected Guarantee Periods and for the Fixed Account and the MVA Account are shown on the Certificate Schedule.