Initial Term Interest Rate definition

Initial Term Interest Rate means a rate of eight and forty-three one-hundredths percent (8.43%) per annum.

Initial Term Interest Rate means, during the Initial Term Period, a per annum rate of interest equal to the Adjusted SIFMA Rate; provided, however, that in no event shall the Initial Term Interest Rate exceed the Maximum Rate at any time.

Initial Term Interest Rate has the meaning given to such term in Section 4.03(c) of the Note.

Examples of Initial Term Interest Rate in a sentence

• Interest on the outstanding principal balance of the Loan shall accrue at the Initial Term Interest Rate or as otherwise set forth in this Agreement from (and including) the Closing Date to but excluding the Anticipated Repayment Date.

• Prerequisite: ACCT 106 Principles of Financial Accounting II.ACCT 211 Taxation 3 Asurvey of federal tax structure as it applies to both individuals and corporations.

• The 2020 Series A Bonds will initially be dated the date of delivery and will bear interest at the Initial Term Interest Rate, payable on January 1 and July 1 of each year, commencing January 1, 2021, and on the Initial Mandatory Tender Date.

• During the Initial Term Interest Rate Period, interest on the 2020 Series A Bonds will be calculated based on a 360-day year, consisting of twelve 30-day months.

• Subject to Section 2.2.4 hereof, interest on the Outstanding Principal Balance shall accrue from the Closing Date to but excluding the Anticipated Repayment Date at the Initial Term Interest Rate.

More Definitions of Initial Term Interest Rate

Initial Term Interest Rate means a fixed rate of 4.766% per annum.

Initial Term Interest Rate shall be a variable interest rate effective from the date of this Note through and including the Maturity Date equal to the sum of two hundred (200) basis points plus the then applicable 30-Day LIBOR Rate (hereinafter defined) determined and adjusted as provided herein. The “First Option Term Interest Rate” shall be a variable interest rate effective for the First Option Term (hereinafter defined) equal to the sum of four hundred (400) basis points plus the then applicable 30-Day LIBOR Rate determined and adjusted as provided herein. The “Second Option Term Interest Rate” shall be a variable interest rate effective for the Second Option Term (hereinafter defined) equal to the sum of eight hundred (800) basis points plus the then applicable 30-Day LIBOR Rate determined and adjusted as provided herein. Lxxxxx’s determination of a 30-Day LIBOR Rate in connection with the loan evidenced by this Note shall be made upon the LIBOR Determination Date (hereinafter defined) immediately preceding the date upon which such 30-Day LIBOR Rate is to be utilized.

Initial Term Interest Rate means a rate of Seven and Thirty Three One-Hundredths percent (7.33%) per annum. (k)

Initial Term Interest Rate means a rate of four and 70/100 percent (4.70%) per annum.

Initial Term Interest Rate means a rate of Six and Thirty-Two One-Hundredths percent (6.32%) per annum.

Initial Term Interest Rate means a rate of seven and one-half percent (7.50%) per annum until the Resizing Date.

Initial Term Interest Rate means a rate of Seven and Two Hundred Sixty-One One-Thousandths percent (7.261%) per annum.