Deferred Interest Rate means the London Interbank Offered Rate (rounded upward, if necessary, to the nearest 1/100th of 1%) appearing on Reuters Screen LIBO Page (or any successor page) as the London interbank offered rate for three month deposits in U.S. dollars at approximately 11:00 a.m. (London time) two days prior to applicable closing date (provided that if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates), plus 100 basis points, and this rate shall be adjusted in three month intervals thereafter, in accordance with the foregoing, with such adjustment date being treated as an “applicable closing date” for purposes of determining the adjusted rate in accordance with the foregoing, for so long as any deferred amount pursuant to Sections 3.2(b) or 3.2(c) may be unpaid.

Deferred Interest Rate means (a) with respect to any Senior Tranche Loan, three percent (3.0%) per annum and (b) with respect to any Junior Tranche Loan, fourteen percent (14.0%) per annum; provided, that upon the satisfaction of the Maturity Date Extension Conditions, the “Deferred Interest Rate” shall mean three percent (3.0%) per annum for all Loans.

Deferred Interest Rate means three percent (3.0%) per annum.

Examples of Deferred Interest Rate in a sentence

Any amounts so deferred shall bear interest at the Deferred Interest Rate (as defined herein).
Any amounts so deferred shall bear interest at the Deferred Interest Rate.
Interest on the outstanding principal amount of the Loans shall accrue from and including the date of issuance through and until full and final repayment of the principal amount of the Loans and payment of all interest in full at an aggregate rate equal to (i) the Current Interest Rate plus (ii) the Deferred Interest Rate and shall be compounded monthly and computed on the basis of the actual number of days elapsed and a 360-day year.
All references to outstanding principal herein shall refer to the original principal amount as increased from time to time on account of interest at the Deferred Interest Rate added to principal.
In addition, the outstanding principal amount of each Loan shall accrue interest from and after its Funding Date at the Deferred Interest Rate, and such interest shall be added to outstanding principal on each Payment Date following such Funding Date.

More Definitions of Deferred Interest Rate

Deferred Interest Rate means the rate of interest quantified in Article 3.02.

Deferred Interest Rate means a rate of interest equal to eight percent (8%) per annum.

Deferred Interest Rate means an annual rate of one percent (1.0%).

Deferred Interest Rate means a fixed interest rate of 6% per annum. The Borrower shall pay all accrued Deferred Interest in arrears on the Maturity Date of the relevant Tranche (or earlier on any prepayment or acceleration of all or part of that Tranche). Deferred Interest shall be calculated in respect of each annual period following the Disbursement Date of each Tranche (other than the COVID-19 Tranche) on the basis of Article 5.01.

Deferred Interest Rate means for Tranche A and for Tranche B, 9% (nine hundred basis points) per annum.

Deferred Interest Rate means 1.00% per annum.”

Deferred Interest Rate means 7% per annum, based upon a 365-day year for actual days elapsed.