Initial Rate definition

Initial Rate means each rate of interest to be paid in an Initial Period as set forth in the Certificate.

Initial Rate means the rate specified and for the periods indicated in the applicable Final Terms being, in the case of a fixed rate, either a constant rate of interest or a rate of interest which steps up across a pre-determined margin ratchet and in the case of a floating rate, the Second Reference Rate”.

Initial Rate. ’ means each rate per annum at which Multi-Modal Bonds will bear interest during the Initial Rate Period, as set forth in the Certificate.

Examples of Initial Rate in a sentence

• In connection with any such assumption, the outstanding principal amount, the Monthly Payment, the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Gross Margin (if applicable), the Initial Rate Cap (if applicable) or the Periodic Rate Cap (if applicable) of the related Mortgage Note shall not be changed, and the term of the Mortgage Loan will not be increased or decreased.

• The dividend rate on shares of MuniPreferred of any series during the period from and after the Date of Original Issue of shares of such series to and including the last day of the Initial Rate Period of shares of such series shall be equal to the rate per annum set forth with respect to shares of such series under “Designation” in Section 1 of Appendix A hereto.

• As to each ARM Mortgage Loan, on each applicable Adjustment Date, the Mortgage Interest Rate will be adjusted to equal the sum of the Index plus the applicable Gross Margin, rounded up or down to the nearest multiple of 0.125%; provided, however, that the Mortgage Interest Rate will not increase or decrease by more than the Initial Rate Cap on the first Adjustment Date or the Periodic Rate Cap on any subsequent Adjustment Date, and will in no event exceed the Lifetime Rate Cap.

• Fixed Rate Reset Notes will initially bear interest at the Initial Rate of Interest until (but excluding) the First Reset Date.

• Reset Notes will initially bear interest at the relevant Initial Rate of Interest until (but excluding) the relevant First Reset Date.

More Definitions of Initial Rate

Initial Rate has the meaning set forth in Section 3.02(a) hereof.

Initial Rate means the interest rate or rates applicable to a series of Bonds subject to Remarketing from the dated date thereof until such Bonds are Reset, remarketed on a Remarketing Date, or redeemed.

Initial Rate means, with respect to a Reference Rate, the Relevant Rate for such Reference Rate on the Pricing Date as specified on the cover page of the applicable Pricing Supplement.

Initial Rate has the meaning specified in the definition of "Applicable Rate" in this Section 1.01.

Initial Rate. The stated Mortgage Rate with respect to an ARD Loan.

Initial Rate. With respect to an ARD Loan, the Mortgage Rate at which interest accrues on such ARD Loan until its Anticipated Repayment Date.

Initial Rate means the rate per annum (expressed as a percentage) specified in, or determined in accordance with the provisions in, the Final Terms or Pricing Supplement, as the case may be, which may be a fixed rate or a floating rate determined in accordance with Condition 6(c).