Interest Rate; Payments definition

Interest Rate; Payments. Advances outstanding under the Committed Revolving Line shall accrue interest at a per annum rate equal to the aggregate of the Bank's Prime Rate, plus one quarter of one percent (0.25%)." and inserting in lieu thereof the following:
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Examples of Interest Rate; Payments in a sentence

  • Specifications -------------------------------------------------------------------------------- Guaranteed There is a guaranteed interest rate for Purchase Interest Rate Payment(s) held in the AG Account.

  • Guaranteed There is a guaranteed interest rate for Purchase Interest Rate Payment(s) held in the MG Account.

  • Sub section (a) of Section 2.3 entitled "Interest Rate, Payments" is hereby amended in part to provide that, effective as of this date, Advances accrue interest on the outstanding principal balance at a per annum rate equal to the greater of (i) the Prime Rate or (ii) 4.00%.

  • G-MP2(5/97) --------------------------- --------------------------------------------------- Guaranteed There is a guaranteed interest rate for Purchase Interest Rate Payment(s) held in the AG Account.

  • G-MP2(5/96) <PAGE> Specifications - -------------------------------------------------------------------------------- Guaranteed There is a guaranteed interest rate for Purchase Interest Rate Payment(s) held in the AG Account.

  • G-MP2(5/96) Specifications -------------------------------------------------------------------------------- Guaranteed There is a guaranteed interest rate for Purchase Interest Rate Payment(s) held in the AG Account.

  • Sub letter (a) under Section 2.2 entitled "Interest Rate, Payments" is hereby amended in part to provide that Advances accrue interest on the outstanding principal balance at a per annum rate of 1.75 percentage points above the Prime Rate.

  • Sub-section (a) of Section 2.3 entitled "Interest Rate, Payments" is amended in part to provide that, effective as of the date herein, Advances accrue interest on the outstanding principal balance at a per annum rate equal to 0.25 of one percentage point above the Prime Rate.

Related to Interest Rate; Payments

  • 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.

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

  • Capped Interest Rate is defined in the Note, if applicable.

  • Late Payment Rate As defined in the Insurance Agreement.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.