Implied Interest Rate definition
Implied Interest Rate a rate of 9% per annum, compounded annually, on the basis of a 360-day year consisting of 12 30-day months.
Implied Interest Rate means, as of a given date, an interest rate equal to the greatest of (a) the then-current yield to maturity of the ten-year United States Treasury obligations as of such date plus two and one-half percent (2.50%), (b) six and three-quarters percent (6.75%), or (c) the Interest Rate as of such date.
Implied Interest Rate with respect to any lease, the interest rate implicit in the lease as defined in Financial Accounting Standard Board Statement of Standards Number 13.
More Definitions of Implied Interest Rate
Implied Interest Rate the interest rate that is the greater of (i) Seven and No/100 percent (7.00)% per annum or (ii) the rate (as reasonably estimated by Agent on the Acquisition Date, the methodology and calculation of which will be provided to Borrower upon request from time to time) to be the current interest rate required by the secondary market to finance an asset similar to an Eligible Facility, or as the context may require, the Eligible Facilities.
Implied Interest Rate means, as of the date of determination, the greatest of (i) 5.50% per annum, (ii) the per annum interest rate on a Eurodollar Loan with an Interest Period of one (1) month (including the Applicable Margin) and (iii) the 10-year Treasury Rate plus 2.50%.
Implied Interest Rate the interest rate that is the greater of (i) Six and 50/100 percent (6.50)% per annum, (ii) the then current Interest Rate, or (iii) the sum of Two and 50/100 percent (2.50)% per annum plus the rate (as reasonably estimated by Agent on the Acquisition Date) of the then current rate for seven (7) year notes of the United States Treasury.