Deemed Interest Rate definition

Deemed Interest Rate means the interest rate applicable to the Loan as set out in Section 4.1 or 4.3, as the case may be, from time to time.

Deemed Interest Rate means the rate at which funds are accrued and reported for

Deemed Interest Rate means (i) with respect to any portion of the Loan which is subject to Hedging Obligations, the actual rate of interest payable under the applicable Hedging Contract, and (ii) with respect to any portion of the Loan which is not subject to Hedging Obligations, the greater of (a) the Applicable Interest Rate then in effect and (b) seven percent (7.00%) per annum.

Examples of Deemed Interest Rate in a sentence

• Any Losses covered by this indemnity shall be paid to each Indemnified Party on demand, and, failing prompt payment, shall, together with interest thereon at the Deemed Interest Rate from the date incurred by each Indemnified Party until paid in full, be added to the Obligations and be secured by the Collateral.

• All such costs, expenses and charges incurred on or prior to August 1, 2017 or the Closing Date, as applicable, shall be paid on such date, and all such costs, expenses and charges incurred after the Closing Date will constitute Obligations hereunder, shall be payable by the Borrower to or to the order of Lender on demand and, if overdue by 30 days or more, until paid, will bear interest at the Deemed Interest Rate.

• All such costs, expenses and charges incurred after the Closing Date will constitute Obligations hereunder, shall by payable by the Borrower to the Lender on demand and, if overdue by 30 days or more, until paid, will bear interest at the Deemed Interest Rate.

More Definitions of Deemed Interest Rate

Deemed Interest Rate means the rate at which funds are accrued and reported for U.S. federal income tax purposes.