Minimum Interest Rate definition

Minimum Interest Rate. With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

Minimum Interest Rate means, in relation to a Series of Securities, if applicable, such rate as is specified as the Minimum Interest Rate in the Issue Terms.

Minimum Interest Rate means the minimum rate of interest, if any, which may be applicable to any Floating Rate Note during any Interest Accrual Period as specified in the applicable Company Order. MONEY MARKET YIELD:

Examples of Minimum Interest Rate in a sentence

• If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate.

• If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate.

• If a Minimum Interest Rate is specified in the Constituting Instrument, then the Interest Rate shall in no event be less than it and if there is so specified a Maximum Interest Rate, then the Interest Rate shall in no event exceed it.

• Notwithstanding the foregoing, the interest rate hereon shall not be greater than the Maximum Interest Rate, if any, or less than the Minimum Interest Rate, if any, specified on the face hereof.

• If the relevant Final Terms specify a Minimum Interest Rate for any Interest Period then, in the event that the Interest Rate in respect of such Interest Period determined in accordance with the provisions of paragraph (b) above is less than such Minimum Interest Rate, the Interest Rate for such Interest Period shall be such Minimum Interest Rate.

More Definitions of Minimum Interest Rate

Minimum Interest Rate means the rate (if any) specified as such in the Issue Memorandum.

Minimum Interest Rate. As to any Mortgage Loan, the minimum interest rate that may be borne by such Mortgage Loan as set forth in the related Mortgage Note and indicated in Exhibit H hereto, which rate may be applicable to such Mortgage Loan at any time during the life of such Mortgage Loan.

Minimum Interest Rate. The term "

Minimum Interest Rate means the

Minimum Interest Rate. ’ means the lower limit on the rate of interest that may accrue during any interest period.

Minimum Interest Rate means the percentage rate per annum (or such other applicable period of time) specified as such in the relevant Final Terms;

Minimum Interest Rate means, with respect to any particular Variable Interest Rate Bond, a numerical rate of interest, if any, established as the minimum rate at which such Variable Interest Rate Bond may bear interest at any time.