Gross Interest Rate definition

Gross Interest Rate means, with respect to any Loan, the sum of the Loan Rate with respect to such Loan plus the rate of interest, if any, that the related Obligor may defer and pay later, together with interest thereon.
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Gross Interest Rate means an interest rate of 1.34% per annum, which includes a net loan interest rate and a service fee as described in Exhibit B.
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Examples of Gross Interest Rate in a sentence

  • Next Index Rate 19 Numeric 0.09 Index Rate Used In The Determination Of The Next Period Gross Interest Rate Next Note Rate 20 Numeric 0.09 Annualized Gross Interest Rate Applicable To Calc Of The Next Period Sch.

  • Nothing in this Loan Agreement shall prevent the Municipality from making a Loan Repayment (including interest at the Gross Interest Rate) prior to the due date of such Loan Repayment.

  • This Gross Interest Rate consists of a net loan interest rate and a service fee as described in Exhibit B.

  • The Municipality shall pay to KDHE, on or before the due dates, installments of principal and interest at the Gross Interest Rate on the Loan in accordance with Exhibit B attached hereto (the “Loan Repayments”), until the Loan has been paid in full.

  • For the avoidance of confusion, it is understood and agreed that the Insured Obligations bear interest at the Gross Interest Rate and that references in this Article VI to the payment of interest on the Insured Obligations are references to payment of interest at such Gross Interest Rate.

  • Any subsequent revision to the amount of the Loan or Exhibit B hereto shall not change the Gross Interest Rate on the Loan.

  • Next Index Rate | 19 Numeric 0.09 | Index Rate Used In The Determination Of The | | Next Period Gross Interest Rate Next Note Rate | 20 Numeric 0.09 | Annualized Gross Interest Rate Applicable | | To Calc Of The Next Period Sch.

  • The Gross Interest Rate on the loan shall be 1.34% per annum, which shall be assessed on the unpaid principal balance to be paid as set out in the Loan Repayment Schedule, Exhibit B hereto.

  • The Gross Interest Rate on the loan shall be 1.48% per annum, which shall be assessed on the unpaid principal balance to be paid as set out in the Loan Repayment Schedule, Exhibit B hereto.

Related to Gross Interest Rate

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its "prime rate." If a Citibank, N.A. prime rate is not available, the applicable prime rate shall be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid. "Contract Price" means the applicable price, expressed in $/MWh for Net Output and Capacity Rights stated in Section 5.1.

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.