Fixed Rate Election definition

Fixed Rate Election means the election by Maker of the LIBOR Rate. If by reason of an Event of Default Payee elects to declare the Note to be immediately due and payable, then any yield maintenance fee with respect to a LIBOR Loan shall become due and payable in the same manner as though the Maker had exercised such right of prepayment.
Fixed Rate Election means the election by Borrower pursuant to Section 2.11 hereof. If by reason of an Event of Default the Bank elects to declare such Loan to be immediately due and payable, then any yield maintenance fee with respect to the Loan shall become due and payable in the same manner as though Borrower had exercised such right of prepayment.
Fixed Rate Election means an election by MBIA Insurance to pay Dividends on the Preferred Stock at the rate described in clause (iii) of the definition of "Dividend Rate" set forth in the Restated Charter.

Examples of Fixed Rate Election in a sentence

  • The resulting amount shall be divided by 360 and multiplied by the number of days remaining in the term chosen pursuant to the Fixed Rate Election as to which the prepayment is made.

  • Said amount shall be reduced to present value calculated by using the above referenced United States Treasury securities rate and the number of days remaining in the term chosen pursuant to the Fixed Rate Election as to which prepayment is made.

  • Each reference in this paragraph to "Fixed Rate Election" shall mean the election by Borrower of Loan to bear interest based on an Agreed Rate.

  • Said amount shall be reduced to present value calculated by using the number of days remaining in the designated term and using the above-referenced United States Treasury security rate and the number of days remaining in the term chosen pursuant to the Fixed Rate Election as to which the prepayment is made.

  • Without limiting the foregoing, Borrower shall pay to Bank a "yield maintenance fee" in an amount computed as follows: The current rate for United States Treasury securities (bills on a discounted basis shall be converted to a bond equivalent) with a maturity date closest to the term chosen pursuant to the Fixed Rate Election as to which the prepayment is made, shall be subtracted from Cost of Funds in effect at the time of prepayment.


More Definitions of Fixed Rate Election

Fixed Rate Election means an election by FSA to pay Dividends on the Preferred Stock at the rate described in clause (iii) of the definition ofDividend Rate” set forth in the Restated Charter.
Fixed Rate Election means an election by Radian Securities to pay Dividends on the Radian Securities Preferred Stock at the rate described in clause (iii) of the definition ofDividend Rate” set forth in the Certificate of Incorporation.
Fixed Rate Election means the effective election by Borrower pursuant to paragraph 2.2 of this Agreement and the Line of Credit Note of a Fixed Rate Advance. If by reason of the occurrence and continuance of an Event of Default Bank elects to declare the Line of Credit to be immediately due and payable, then any make whole premium with respect to the Line of Credit shall become due and payable in the same manner as though Borrower had exercised such right of prepayment.
Fixed Rate Election shall have the meaning assigned to such term in Paragraph 4.1(c) hereof.
Fixed Rate Election means the election by the Borrower to borrow at the LIBOR Rate pursuant to Section 2.2 or convert a Loan to a Eurodollar Loan pursuant to Section 2.5. If by reason of an Event of Default the Agent declares the Loans to be immediately due and payable, then any yield maintenance fee with respect to the Loans shall become due and payable in the same manner as though the Borrower had exercised such right of prepayment. Notwithstanding the foregoing, the Borrower shall not be required to indemnify the Banks for any losses or expenses resulting from any of the events described in subparagraphs (a), (b) or (c) of this Section 5.4 following a conversion of a Eurodollar Loan into a Fluctuating Rate Loan pursuant to Sections 4.7 or 4.8(a)(ii) hereof. A certificate as to any additional amounts payable pursuant to this Section setting forth in reasonable detail the basis and method (including calculations made by any Bank) of determining such amounts shall be presumptive as to the determination by such Bank set forth therein if made reasonably and in good faith. The Borrower shall pay any amounts so certified to it by the Banks within ten (10) days of receipt of any such certificate. The determination set forth on any such certificate shall be conclusive and binding absent demonstrative error.
Fixed Rate Election means the election by the Company of the LIBOR Rate. If by reason of an Event of Default, the Bank elects to declare the Note to be immediately due and payable, then any yield maintenance fee with respect to a LIBOR Rate Loan shall become due and payable in the same manner as though the Company had exercised such right of prepayment. If by reason of an Event of Default the Bank elects to declare a Note to be immediately due and payable, then any amounts due pursuant hereto shall become due and payable in the same manner as though the Company had exercised such right of prepayment.
Fixed Rate Election means an election by the Company to pay Dividends on the Preference Shares at the rate described in clause (iii) of the definition of "Dividend Rate" set forth in the Preference Share Designation.