Interest Rate Type means, with respect to any Loan, the interest rate, being either the Base Rate or the LIBO Rate forming the basis upon which interest is charged against such Loan hereunder.

Interest Rate Type when used in respect of any Loan or Borrowing, shall refer to the rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined.

Interest Rate Type shall have the meaning given to such term in Section 2.5 hereof.

Examples of Interest Rate Type in a sentence

See the Schedule of Interest Rate Type Provisions for additional provisions, if any, specific to the Interest Rate Type.
Interest shall accrue as provided in the Schedule of Interest Rate Type Provisions and shall be computed in accordance with the Interest Accrual Method.
If I elect the variable interest rate type then this rate will be calculated based on an index plus a margin throughout the life of my loan unless I voluntarily elect to change the Interest Rate Type as permitted.
If I elect the fixed interest rate type then this rate will be fixed throughout the life of my loan unless I voluntarily elect to change the Loan Repayment Period or Interest Rate Type as permitted.
Schedule 1 to Multifamily Loan and Security Agreement – Definitions Schedule (Interest Rate Type – Fixed Rate) (0000.XX).

More Definitions of Interest Rate Type

Interest Rate Type has the meaning set forth in the Summary of Loan Terms.

Interest Rate Type when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined.

Interest Rate Type means either Base Rate Loans or Eurodollar Rate Loans, as appropriate.

Interest Rate Type shall be as defined in Section 2.2(a).

Interest Rate Type means, with respect to any Loan, the interest rate, being either the Base Rate or LIBOR, forming the basis upon which interest is charged against such Loan hereunder.

Interest Rate Type when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined. For purposes of US Loans, "Rate" shall include LIBOR, the Alternate Base Rate and the Fixed Rate, and for purposes of Canadian Revolving Credit Loans, shall include the C$ Prime Rate and the rate implicit in the Discount Rate.