Interest Rate Differential definition

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 has the meaning set forth in the Term Loan Agreements.

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.

Examples of Interest Rate Differential in a sentence

• The Interest Rate Differential for the remainder of the term is the difference between the net present value and the total prepayment amount, or in this case $2,222.75.

• Exchange - means the exchange of all or a portion of the 2001 Senior Subordinated Notes, on a par-for-par basis, for 1997 Indenture Senior Subordinated Notes and the Interest Rate Differential Payment.

• For purposes of this definition, Interest Expense shall not include the Interest Rate Differential Payment.

• You must pay us, on the prepayment date, a prepayment fee equal to the greater of (i) three months’ interest on the Loan calculated at your existing annual interest rate on the date of prepayment (plus any discount you received on your existing annual interest rate), on the amount prepaid; and (ii) the Interest Rate Differential for the remainder of the term of the Loan, determined in accordance with the formula described in 8.7 below.

• To find out the amount and calculation of the Interest Rate Differential for the remainder of the term on your Fixed Rate Loan, please contact CIBC.

More Definitions of Interest Rate Differential

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. 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. For example, say you prepay the sub-account total amount owing after one year on a repayment date in April 2010 (i.e. 4 years still remain in your fixed rate period). The Interest Rate Differential would be 1.00% (6.00% less 5.00%).

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).

Interest Rate Differential means the difference, on the date of prepayment, between the Interest Rate and the Chargee’s posted interest rate(s), for the remaining term of the Charge, provided that the Interest Rate is less than the posted interest rate(s);

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 means the difference between an existing loan’s actual interest rate and the interest rate that would be applicable to a new loan with a term, calculated in number of months, equivalent to the period remaining in the term of the existing loan.