Interest Rate Limitation definition

Interest Rate Limitation means, on any date of determination, the lesser of (a) the highest rate the Issuer may legally pay from time to time or (b) 17%.
View Source
Interest Rate Limitation means that the interest rate allowed
View Source
Interest Rate Limitation means that the interest rate allowed for working capital loans and for loans for major movable equipment for intermediate care facilities for people with intellectual disabilities shall be the prime rate as published in the western edition of the Wall Street Journal or successor publication, plus one percent (1%) at the date the loan is made. All interest expense greater than the amount derived by using the limitation above shall be nonreimbursable; provided, however, that this interest rate limitation shall not be imposed against loans or leases which
View Source

Examples of Interest Rate Limitation in a sentence

  • Interest Rate Limitation..............................................

  • Interest Rate Limitation.............................................................

  • Interest Rate Limitation ..................................................................................................

  • Interest Rate Limitation..........................................

  • Interest Rate Limitation...........................................

  • Interest Rate Limitation..................................................

  • Interest Rate Limitation.....................................................

  • To that end, it is agreed that any rate of interest applicable hereunder shall not at any time exceed the rates or amount of interest then permitted to be charged by stipulation in writing between Borrower and Holder hereunder (the "Interest Rate Limitation").

  • Interest Rate Limitation................................................................

  • Interest Rate Limitation 112 THE ADMINISTRATIVE AGENT Section 11.01.


More Definitions of Interest Rate Limitation

Interest Rate Limitation f c \l “2” \* MERGEFORMAT AUTONF D3_TC. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate or result in any Lender receiving interest at a criminal rate (as such term is construed under the Criminal Code (Canada)) (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.
View Source
Interest Rate Limitation means, on any date of determination, the lesser of (a) the highest rate the Issuer may legally pay from time to time and (b) 17%.
View Source

Related to Interest Rate Limitation

  • Interest Rate Cap means the establishment of an upper limit for a variable interest rate.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • LIBOR Interest Rate means, for each LIBOR Loan for the relevant Interest Period, the rate per annum (rounded upward, if necessary, to the nearest one-sixteenth of 1%) determined by the Agent to be equal to the quotient of (a) the London Interbank Offered Rate for such LIBOR Loan for such Interest Period divided by (b) one minus the Eurocurrency Reserve Requirement for such Interest Period.

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.