Interest Rate Reset definition

Interest Rate Reset. [ ] The Interest Rate may not be changed prior to Stated Maturity. [ ] The Interest Rate may be changed prior to Stated Maturity (see attached). Optional Reset Dates (if applicable): Amortizing Note: [ ] Yes [ ] No Amortization Schedule:

Interest Rate Reset means the adjustment of the Coupon Interest of a given Bond.

Interest Rate Reset means the adjustment of the Coupon Interest of a given Bond. "Interest Rate Reset Frequency" means the number of annual Interest Rate Resets.

Examples of Interest Rate Reset in a sentence

• Adjustable Rate Mortgages (ARMs) Numeric – Decimal 0.02 9.999999 ARMs Only >= 0 and <= 1 99=no cap 48 Subsequent Interest Rate Reset Period The number of months between subsequent rate adjustments.

• In the event that an Interest Rate Reset or Ratchet occurs, the GAW will automatically increase and the Benefit Base will be adjusted to equal the current Covered Fund Value.

• If an Interest Rate Reset is applicable, the GAW will automatically increase to the higher GAW amount.

• Nykredit may decide that the Interest Rate Spread only applies until the next following Interest Rate Reset.

• In connection with the opening of an ISIN, Nykredit fixes the Coupon Interest for the period up to the first Interest Rate Reset and the size of the Interest Rate Spread, if any, applicable throughout the maturity of the Bonds in the Final Bond Terms.

More Definitions of Interest Rate Reset

Interest Rate Reset means that interest rate derived by adding a margin of 1.00% to the ( ) Year Treasury yield rate most recently published and prevailing as of the Rate Reset Date. If the foregoing calculation yields either: (i) a value less than %, then the Interest Rate Reset shall be deemed to equal %; or (ii) a value in excess of %, then the Interest Rate Reset shall be deemed to equal %. If the ( ) Year Treasury yield rate becomes unavailable during the term of the Note, the Lender may designate a comparable substitute index after reasonable notice to the Local Government Unit.

Interest Rate Reset. So long as Borrower is in full compliance with the terms of the Loan, upon the first day of the month following each anniversary that the Loan (or any part thereof) is outstanding, the Initial Rate shall be reduced 2.083 basis points for each penny that the average closing prxxx xf QualMark's Common Stock over the 20-trading-day period preceding each such anniversary exceeds the Conversion Price. In no event shall the interest rate payable in respect of the Loan be less than 1.75%. For example, if the Loan is executed on November 15, 2004, the Conversion Price is $1.66, and the average price of the Common Stock during the 20-trading-day period before December 1, 2005 is $1.75, then the interest rate applicable to the Loan from December 1, 2005 until December 1, 2006 would be 7.72921% (8% - (0.02083 x (1.75-1.66))). Subsequent interest rate resets may be made on an annual basis thereafter. Notwithstanding any Interest Rate Resets effected hereunder, however, if there shall occur an Event of Default which remains uncured after any applicable cure periods, the interest rate payable hereunder shall be the Default Rate set forth in the Loan Agreement plus the Initial Rate.

Interest Rate Reset. XXX% = 4.4% (10 YR of 4% x Age Adjustment of 70 Year Old of [1.10]) • Interest Rate Reset Calculation = $6,160 (XXX% of 4.4% x Covered Fund Value of $140,000) • Since Interest Rate Reset calculation of $6,160 is lower than current XXX of $6,600 then the XXX = $6,600 Ratchet: • Ratchet Calculation = $7,700 (XXX% of 5.5% x Covered Fund Value of $140,000) • Since Ratchet Value Calculation of $7,700 is higher than the current XXX of $6,600 then the new XXX = $7,700 Result: • NEW XXX = $7,700 • NEW BENEFIT BASE = $140,000 • XXX% = 5.5% (no change)

Interest Rate Reset. [X] No [ ] Yes, at Option of the Company Optional Reset Date(s): N/A

Interest Rate Reset means a decrease of the Interest Rate back to the Initial Interest Rate.

Interest Rate Reset means the reset of the Interest Rate on the Interest Rate Reset Date.

Interest Rate Reset means the reset of the interest rate payable on the Notes.