Loan Interest Rate definition

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

Loan Interest Rate means, with respect to any Loan, LIBOR applicable to such Loan plus the Applicable Margin.

Loan Interest Rate. With respect to each Loan, the annual rate of interest borne by the related Promissory Note, as shown on the Loan Schedule, and, in the case of an ARM, as the same may be periodically adjusted in accordance with the terms of such Loan. Loan Originator: Option One and its permitted successors and assigns.

Examples of Loan Interest Rate in a sentence

• The Term Loan Interest Rate will float and change on the day the Prime Rate changes from time to time.

• The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.

• The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.

• The Interest payable on any Interest Payment Date in respect of each Note is as follows: Loan Interest Rate X Series Specific Loan Principal Amount Outstanding X Day Count Where:Series Specific Loan Principal Amount Outstanding, is the principal amount of the SeriesSpecific Loans which is scheduled to be outstanding (even if the principal amount is redeemed later) on the day immediately before the Loan Interest Payment Date which is immediately before the Interest Payment Date.

• The Interest payable on any Interest Payment Date in respect of each Note is as follows: Loan Interest Rate X Series Specific Loan Principal Amount Outstanding X Day Count Where:Series Specific Loan Principal Amount Outstanding, is the principal amount of the Series Specific Loans which is scheduled to be outstanding (even if the principal amount is redeemed later) on the day immediately before the Loan Interest Payment Date which is immediately before the Interest Payment Date.

More Definitions of Loan Interest Rate

Loan Interest Rate. With respect to each Fixed Rate Loan, the fixed annual rate of interest provided for in the related Note and, with respect to each Adjustable Rate Loan, the annual rate at which interest accrues on such Adjustable Rate Loan from time to time in accordance with the provisions of the related Note.

Loan Interest Rate shall have the meaning assigned to such term in the Loan Schedule.

Loan Interest Rate. With respect to each Eligible Asset, the annual rate of interest borne by the related Underlying Instrument, as shown on the Asset List, and, in the case of an adjustable rate Loan, as the same may be periodically adjusted in accordance with the terms thereof.

Loan Interest Rate means, with respect to any Loan, LIBOR in effect from time to time (as the same may vary from Interest Period to Interest Period) plus the Applicable Margin.

Loan Interest Rate. The initial interest rate on a loan will be the lesser of (a) the rate being credited in the Guaranteed Interest Division as of the date of the loan and (b) the Xxxxx'x Corporate Bond Yield Average, rounded to the nearest five basis points (0.05%) for the first month in the calendar quarter which precedes the date of the loan. The loan interest rate will remain fixed for the term of the loan, unless the initial interest rate on a hypothetical new loan to the Participant would be lower than the Participant's actual loan rate by more than fifty basis points (0.50%). In such case, the loan interest rate will be reduced to such lower rate as of the first day that such lower rate would hypothetically be effective.

Loan Interest Rate means 10% per annum, compounded annually.

Loan Interest Rate. With respect to any Qualified Loan, the per annum rate of interest borne thereby as specified in the Mortgage Note or the Loan Agreement relating to such Qualified Loan.