Interest Ratchet definition

Interest Ratchet means the following rates of interest:
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Examples of Interest Ratchet in a sentence

  • If there is an overlap, the Technical Director of Coaching and/or Competitive Coordinator will contact the FCB Coaches involved to discuss the overlap.

  • The rate of interest payable on the Bonds shall be subject to adjustment in accordance with the Interest Ratchet (each such adjustment, a "Rate Adjustment").

  • Signed Dated* Delete as appropriateANNEX III ADJUSTMENT OF INTEREST RATEThe following provisions form part of these Economic Terms and Conditions.For the avoidance of doubt, the Rating Decrease as defined below exclude any Rating Downgrade as defined in the Change of Control provisions set out in Annex I.1 The Rate of Interest payable on the Notes is subject to adjustment in accordance with the Interest Ratchet in the event of a Step Up Event or a Step Down Event (each such adjustment a “Rate Adjustment”).

  • Following a Step Up Event or a Step Down Event, the Interest Rate Adjustment will be made in accordance with the Interest Ratchet.

  • If an Adjustment of Interest Rate is specified in the relevant Final Terms in respect of any Fixed Rate Notes, the Rate of Interest payable on the Notes will be subject to adjustment in accordance with the Interest Ratchet in the event of a Step-Up Event or a Step-Down Event (each such adjustment a “Rate Adjustment”).

Related to Interest Ratchet

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Interest Rate Cap means a Cap.

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

  • Note Interest Rate means a per annum rate equal to 0.08% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

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

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Class A-1 Interest Rate means [____]% per annum (computed on the basis of the actual number of days in the Class [A-1] Interest Accrual Period divided by 360).