Holdback Interest Rate definition

Holdback Interest Rate means 75 basis points (0.75%).
View Source
Holdback Interest Rate means three-fourths percent (0.75%).
View Source
Holdback Interest Rate has the meaning set forth in Section 2.5(d) of this Agreement.
View Source

Examples of Holdback Interest Rate in a sentence

  • At the Closing, Buyer shall retain an amount equal to the Holdback Amount for purposes of satisfying (i) the Purchase Price adjustments set forth in Section 2.7 and (ii) claims pursuant to and in accordance with Article 10 of this Agreement (such retained amount, as reduced from time to time pursuant to Section 2.7(d) or Section 10.2(g), together with interest accrued thereon at a rate equal to Holdback Interest Rate, the "Holdback Fund").


More Definitions of Holdback Interest Rate

Holdback Interest Rate means six and one-half Percent (6.5%) per annum, which the parties agree is approximately equal to the rate of interest paid by the United States of America with respect to its six month Treasury Bills as of the date hereof.
View Source

Related to Holdback Interest Rate

  • Class E Interest Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

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

  • 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.

  • 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.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.