Interest Rate Differential definition

Interest Rate Differential means an amount (expressed as a percentage per annum) determined from time to time by Administrative Agent in consultation with Borrower that represents the excess of the Adjusted LIBOR Rate at the time of determination over the rate of return per annum payable to the Synthetic Letter of Credit Lenders by Administrative Agent on the Credit-Linked Deposits at such time. On the Restatement Date, the Interest Rate Differential is 0.10% per annum.

Interest Rate Differential has the meaning set forth in the Term Loan Agreements.

Interest Rate Differential. The difference between the original Wholesale Market Interest Rates for the applicable fixed rate period and the current Wholesale Market Interest Rates for the remainder of the fixed rate period.

Examples of Interest Rate Differential in a sentence

• If your Fixed Rate Mortgage has an original Term of 5 years or less, the Early Payout Penalty is equal to the greater of (i) 3 months simple interest or (ii) the Interest Rate Differential Amount, each calculated on the remaining outstanding Principal Amount of the Fixed Rate Mortgage, and calculated as follows:3 months simple interest.

• In this example, the estimated Interest Rate Differential Amount would be $1,125.

• Throughout the ensuing years, the American Indian people have continuously made significant contributions towards accelerating the evolution of Minneapolis with regards to the arts, culture, medicine, sports, sciences, environmental protection, economic development, education, and political discourse.

• Report the components of subsidy expense for direct loans: Interest Rate Differential Costs; Default Costs (Net of Recoveries); Fees and Other Collections; and Other Subsidy Costs.

• If CHT timely makes the payment of the Aggregate Quarterly Interest Rate Differential Amount in full in either the manner described in clause (I) or clause (II) above, then Section 8.3(b) hereof shall be deemed to be null and void and of no further force and effect from and after the date of such payment.

More Definitions of Interest Rate Differential

Interest Rate Differential means an amount (expressed as a percentage per annum) determined from time to time by the Administrative Agent in consultation with the Borrower that represents the excess of the Adjusted LIBOR Rate at the time of determination over the rate of return per annum payable to the Synthetic Letter of Credit Lenders by the Administrative Agent on the Credit-Linked Deposits at such time. On the First Amendment Effective Date, the Interest Rate Differential is 0.10% per annum.";

Interest Rate Differential means the premium equal to the difference between (i) the present value of the Loan interest and the principal payments foregone discounted at the Government of Canada Bond Yield, (on a compounded monthly equivalent basis) as determined by the Lender, for the term from the date of prepayment to the date of original maturity; and (ii) the face value of the principal amount being prepaid at the date of prepayment;

Interest Rate Differential means the amount, by which (i) the total amount of interest the Bank would have received on the amount prepaid had it not been prepaid but remained outstanding to the Maturity Date exceeds (ii) the total amount of interest the Bank would receive on the amount prepaid on a Fixed Rate Loan made for a term from the date of prepayment until the Maturity Date using the interest rate applicable to a Fixed Rate Loan the Bank would make to a borrower for a comparable facility on the Prepayment Date for a term expiring on the Maturity Date.

Interest Rate Differential. Interest Rate Differential" means the amount, by which (i) the total amount of interest the Bank would have received on the amount prepaid had it not been prepaid but remained outstanding to the Maturity Date exceeds (ii) the total amount of interest the Bank would receive on the amount prepaid on a Fixed Rate Loan made for a term from the date of prepayment until the Maturity Date using the interest rate applicable to a Fixed Rate Loan the Bank would make to a borrower for a comparable facility on the Prepayment Date for a term expiring on the Maturity Date. Daisytek (Canada), Inc. March 15, 2001

Interest Rate Differential means the amount, by which (i) the total amount of interest the Bank would have received on the amount prepaid had it not been prepaid but remained outstanding to the Maturity Date exceeds (ii) the total amount of interest the Bank would receive on the amount prepaid on a Fixed Rate Loan made for a term from the date of prepayment until the Maturity Date using the interest rate applicable to a Fixed Rate Loan the Bank would make to a borrower for a comparable facility on the Prepayment Date for a term expiring on the Maturity Date. Daisytek (Canada), Inc. March 15, 2001

Interest Rate Differential or “IRD” means the Lender's lost potential interest earnings on the Credit Facility calculated by taking the lost earnings rate and multiplying it by the amount that the Borrower prepays. The lost earnings rate is the difference between: (a) the interest rate that the Borrower is being charged at the time of prepayment (the "Borrower's Rate") and (b) the sum of: (i) the Lender's interest rate loan funding cost at the time of prepayment as determined by the Lender; and (ii) the margin rate, where the margin rate is equal to the difference between (A) the Borrower's Rate, and (B) the Lender's interest rate loan funding cost at the later of the granting of the Credit Facility and the latest renewal of the Credit Facility.

Interest Rate Differential means, with respect to any Funded Default Amount, the difference between the amount that an Interest Holder receives as a result of being repaid at the Funded Default Amount Interest Rate and the interest on such amount actually paid by the applicable Borrower(s).