Examples of Designated Rate in a sentence

Except as otherwise specified in the applicable Note and/or Supplement, Basic Interest on the outstanding principal balance of each Loan shall accrue daily at the Designated Rate from the Borrowing Date.
Principal of, and interest on, each Growth Capital Loan shall be payable as set forth in a Note evidencing such Growth Capital Loan (substantially in the form attached hereto as Exhibit “A”), which Note shall provide substantially as follows: principal shall be fully amortized over the Amortization Period in equal, monthly principal installments plus, in each case, unpaid interest thereon at the Designated Rate, commencing after the Interest-only Period of interest-only installments at the Designated Rate.
Commencing on the first day of the second full month after the Borrowing Date and continuing on the first day of each month during the Interest-only Period thereafter, Xxxxxxxx shall pay to Agent interest only at the Designated Rate, in advance, on the outstanding principal balance of the Loan evidenced by such Note for the ensuing month.
Commencing on the first day of the first full month after the end of the Interest-only Period, and continuing on the first day of each consecutive calendar month thereafter, Xxxxxxxx shall pay to Agent equal consecutive monthly principal installments in advance in an amount sufficient to fully amortize the Loan evidenced by such Note over the Amortization Period, plus interest at the Designated Rate for such month.

More Definitions of Designated Rate

Designated Rate. With respect to Pool 1, 9.00% per annum; with respect to Pool 2, 7.50% per annum; and with respect to Pool 3, 7.25% per annum.

Designated Rate means, for each Growth Capital Loan, a variable rate of interest per annum equal to the sum of (i) the greater of (A) the Prime Rate and (B) three and one-quarters percent (3.25%), plus (ii) eight percent (8.00%). Changes to the Designated Rate based on changes to the Prime Rate shall be effective as of the next scheduled interest payment date immediately following such change.

Designated Rate. With respect to Pool 1, Pool 2 and Pool 4, 5.50%; with respect to Pool 5, 6.00%; with respect to Pool 6, 5.00%; and with respect to Pool 3, not applicable.

Designated Rate means a fixed rate of interest per annum at eleven and 38/100 percent (11.38%) applicable to a Loan.

Designated Rate. With respect to Collateral Group 1, 5.75%. With respect to Collateral Group 2A, 7.00%. With respect to Collateral Group 2B, 7.00%. With respect to Collateral Group 2C, 7.00%. With respect to Collateral Group 2D, 7.00%. With respect to Collateral Group 3, 7.50%. With respect to Collateral Group 4, 6.00%. With respect to Collateral Group P, 0.00%.

Designated Rate means, for each Growth Capital Loan, a fixed rate of interest per annum equal to the Prime Rate as published on the Business Day on which Lender prepares the Note for such Loan following Borrower’s submission of the Borrowing Request therefor, plus two percent (2.00%); provided, however, that in no event shall the Designated Rate for a Growth Capital Loan be less than ten and one-quarter of one percent (10.25%).

Designated Rate means ten percent (10%).