Loan Constant Rate definition

Loan Constant Rate means the annual constant necessary to fully amortize the Rent Determination Base through level monthly payments of principal and interest calculated using the actual interest rate (the "Interest Rate") on the initial permanent mortgage loan to be obtained by Landlord with respect to the Premises (the "Initial Permanent Mortgage Loan") and using an amortization period of three hundred (300) months. The determination of such annual constant shall be made by reference to the Thorndike Encyclopedia of Banking and Financial Tables, such other generally accepted mortgage amortization schedules or tables or computer-generated amortization schedules otherwise agreed to by the parties (collectively the "Amortization Schedule").
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Loan Constant Rate calculated using the formula below with the variables defined as: (i) x = Loan Constant Rate. (ii) i = Interest Rate expressed on a monthly basis, will be the greater of (a) the current rate per annum charged for the Line of Credit, or (b) a spread of 175 basis points plus the greater of (i) 5.0% per annum or (ii) the ten year treasury in effect on the last day of the quarter for which the updated Borrowing Base report is being prepared (i.
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Examples of Loan Constant Rate in a sentence

  • The annual "Base Rent" for the first Lease Year shall be an annual amount determined by multiplying (i) the "Rent Determination Base" (as defined in Section 5(d) below) by (ii) a "Rent Constant" equal to the sum of (1) the "LCR" (Loan Constant Rate) (as defined in Section 5(e) below) plus (2) three hundred thirty-two (332) basis points.

Related to Loan Constant Rate

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • 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.

  • Note Rate means, in the case of the Class A-1 Notes, the Class A-1 Rate; in the case of the Class A-2a Notes, the Class A-2a Rate; in the case of the Class A-2b Notes, the Class A-2b Rate; in the case of the Class A-3 Notes, the Class A-3 Rate; in the case of the Class A-4 Notes, the Class A-4 Rate; in the case of the Class B Notes, the Class B Rate; in the case of the Class C Notes, the Class C Rate; and in the case of the Class D Notes, the Class D Rate.

  • Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.