Maximum Annual Interest Rate definition
Maximum Annual Interest Rate shall have the meaning set forth in Section 1.05(d)(ii).
Maximum Annual Interest Rate the proposed Cash Interest Rate, as applicable, and Closing Date for the conversion.
Maximum Annual Interest Rate and other terms set forth therein. If the draft Rate Form is approved by Borrower, Borrower shall execute and return the approved Rate Form to Lender before 4:00 p.m. Eastern Standard Time or Eastern Daylight Savings Time, as applicable, on any Business Day (“Rate Setting Date”).
Examples of Maximum Annual Interest Rate in a sentence
In the case of an MBS execution, within one (1) Business Day after receipt of the Rate Form and upon satisfaction of all of the conditions for conversion, Lender shall solicit bids from institutional investors selected by Lender based on the information in the Rate Form and, provided the MBS Pass-Through Rate would be at or below the Maximum Annual Interest Rate, shall obtain a commitment (“MBS Commitment”) for the purchase of an MBS having the bid terms described in the related Rate Form.
Payments made pursuant to this Amendment shall be done in a manner consistent with the provisions of the Purchase Agreement.