Elevated Interest Rate definition
Examples of Elevated Interest Rate in a sentence
For determining eligibility for the Elevated Interest Rate, Close of Business is 6:00 PM MST, except on the last business day of the month, when the Close of Business is 4:25 pm MST (3:25 MDT).
Payment of the Unadjusted Leverage Elevated Interest Rate shall not constitute a waiver of any Default or Event of Default hereunder.
How Elevated Savings Program Works If you have met all of the Elevated Savings Conditions at the end of the current Qualifying Period, you will earn interest for the following month (i) on balances up to $5,000 ($0 - $5,000.00) at the Elevated Interest Rate and (II) on the portion of any balances above $5,000.00 at the Standard Rate.
The Company covenants and agrees that, at its sole cost and expense, it shall cause to be maintained at all times a Rating from at least one Rating Agency; provided, a failure to maintain a Rating shall not constitute an Event of Default unless the Company shall fail to pay interest on the Notes at the Tier B Elevated Interest Rate in accordance with Section 1.2(c)(ii).
Additional interest resulting from the application of the Elevated Interest Rate with respect to any Note shall (x) accrue for any applicable semi-annual period(s) in question (including retroactively, as applicable) and (y) become due and payable to the holder of such Note on the earlier of (i) the next interest payment date with respect to such Note or (ii) the date such Note shall have become due and payable as a result of its maturity or acceleration.
Additional interest resulting from the application of the Tier A Elevated Interest Rate with respect to any Note shall (i) accrue for the entire applicable period and (ii) become due and ▇.▇.
How Elevated Savings Program Works If you have met all of the Elevated Savings Conditions at the end of the current Qualifying Period, your interest will be recalculated and you will earn at the Elevated Interest Rate for the entire calendar month.