New Interest Rate definition

New Interest Rate. As determined by application of the provisions set forth herein and in the Remarketing Agreement and Remarketing Agency Agreement.
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New Interest Rate. As determined by application of the provisions set forth in the attached form of the Notes on the LIBOR Determination Date or the Fixed Rate Determination Date, as applicable. Spread: Interest Payment Dates:
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New Interest Rate means the variable rate of interest from time to time payable on the Program Loans.
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Examples of New Interest Rate in a sentence

  • Company Notice regarding New Interest Rate or New Spread or Spread Multiplier.

  • Company Notice Regarding New Interest Rate or New Spread or Spread Multiplier.

  • If the relevant Calculation Agent notifies Canada that it is not able or willing to calculate the New Interest Rate Basis, or that it is only willing to do so on the basis of an increase of its fees not acceptable to Canada, the relevant Calculation Agent shall have no responsibility with respect to such New Interest Rate Basis and Canada shall appoint a different calculation agent to determine the New Interest Rate Basis.

  • The BENEFICIARY shall pay any difference between the New Interest Rate and the Original Interest Rate that has not yet been paid together with the interest and principal installment to be repaid on the 15th of the month immediately following the date of execution hereof, without prejudice to the collection of the charges set forth in the Provisions Applicable to BNDES Contracts referred to in Section Eight, item I of the AGREEMENT.

  • Company Notice Regarding New Interest Rate or New Spread -------------------------------------------------------- or Spread Multiplier.

  • If Canada proposes to issue Floating Rate Notes whose interest rate will be determined with reference to a basis or formula not referred to above (a “New Interest Rate Basis”), Canada shall give a description of such New Interest Rate Basis to the relevant Calculation Agent.

  • If the Calculation Agent notifies the Issuer that it is not able or willing to calculate the New Interest Rate Basis, or that it is only willing to do so on the basis of an increase of its fees not acceptable to the Issuer, the Calculation Agent shall have no responsibility with respect to such New Interest Rate Basis and the Issuer shall appoint a different calculation agent to determine the New Interest Rate Basis.

  • The Calculation Agent shall determine if it is able and willing to calculate the New Interest Rate Basis and upon its agreement in writing to do so the term “Interest Rate Basis” shall be deemed to include the New Interest Rate Basis.

  • The relevant Calculation Agent shall determine if it is able and willing to calculate the New Interest Rate Basis and upon its agreement in writing to do so the term “Interest Rate Basis” shall be deemed to include the New Interest Rate Basis.

  • Mandatory Tender Upon Conversion to a New Interest Rate Mode 24 Section 2.06.


More Definitions of New Interest Rate

New Interest Rate means the interest rate, using the applicable Interest Rate Index, that applies in calculating an applicable prepayment fee where the loan in question is prepaid on the Closing Date. If (i) Contributor shall have exercised its right to extend the Option Exercise Date (as defined in the Option Agreement) and the scheduled Closing Date, in accordance with the terms of the Option Agreement, (ii) the prepayment fee payable in connection with prepaying any of the Existing Non- Nomura Mortgage Indebtedness is calculated based upon an Interest Rate Index, and (iii) the interest rate for such Interest Rate Index in effect on the extended Closing Date differs from the interest rate for such Interest Rate Index that would have applied in calculating the prepayment fee if Contributee had not so exercised its extension option, then the following shall apply:
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New Interest Rate. As determined by application of the provisions set forth herein and in the Remarketing Agreement and Remarketing Agency Agreement. ------------------------------------------------- ------------------------------ Beneficial Owner Tender Provisions: As set forth in the Remarketing Prospectus dated __________ __, ____. In the event that the Remarketing Agents fail to remarket all Class Notes validly tendered for remarketing on the Reset Date, then the Remarketing Agents shall promptly notify the Administrator and the Trustee of such failure. ------------------------------------------------- ------------------------------ ------------------------------------------------- ------------------------------ Failed Remarketing Rate: ____% ------------------------------------------------- ------------------------------ Form of Notes: Global certificate registered in the name of the nominee of the applicable depository of the Notes, which is DTC, Clearstream, Luxembourg or Euroclear. The beneficial owners of the Notes ("Beneficial Owners") are not entitled to receive definitive certificates representing their Notes, except under limited circumstances. A Beneficial Owner's ownership of a Note currently is recorded on or through the records of the brokerage firm or other entity that is a participant in DTC, Clearstream, Luxembourg or Euroclear and that maintains such Beneficial Owner's account. ------------------------------------------------- ------------------------------ Purchase Price: 100% of the principal amount of the tendered Notes. Payable to DTC, Clearstream, Luxembourg or Euroclear for the Beneficial Owners of tendered Notes. ------------------------------------------------- ------------------------------ Remarketing Fee (expressed as a percentage of As set forth in the principal the outstanding principal amount of the Notes, Remarketing Agency Agreement. payable except in the case of a Failed Remarketing): ------------------------------------------------- ------------------------------ Wire Instructions: ------------------------------------------------- ------------------------------ Other: ------------------------------------------------- ------------------------------ Closing: __________ __, ____ ------------------------------------------------- ------------------------------
Sample 1
New Interest Rate. As determined by application of the provisions set forth in the attached form of the Notes on the LIBOR Determination Date. Spread: [Plus/Minus] ______ basis points. Interest Payment Dates: January 23, April 23, July 23 and October 23 Subsequent Spread Period: October 23, 1997 to October 23, ____ Redemption Provisions: Redeemable as set forth in the attached Prospectus Supplement dated October 18, 1996; [describe additional redemption provisions, if any] Beneficial Owner Tender Provisions: As set forth in the attached Prospectus Supplement dated October 18, 1996. In the event that the Remarketing Underwriter fails to purchase all Notes validly tendered for purchase on the Tender Date, then the Remarketing Underwriter shall promptly notify the Company and the Trustee of such failure.
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Related to New Interest Rate

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Capped Interest Rate is defined in the Note, if applicable.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Applicable Interest Rate means (i) with respect to any Fixed Rate Indebtedness, the fixed interest rate applicable to such Fixed Rate Indebtedness at the time in question, and (ii) with respect to any Floating Rate Indebtedness, either (x) the rate at which the interest rate applicable to such Floating Rate Indebtedness is actually capped (or fixed pursuant to an interest rate hedging device), at the time of calculation, if Borrower has entered into an interest rate cap agreement or other interest rate hedging device with respect thereto or (y) if Borrower has not entered into an interest rate cap agreement or other interest rate hedging device with respect to such Floating Rate Indebtedness, the greater of (A) the rate at which the interest rate applicable to such Floating Rate Indebtedness could be fixed for the remaining term of such Floating Rate Indebtedness, at the time of calculation, by Borrower’s entering into any unsecured interest rate hedging device either not requiring an upfront payment or if requiring an upfront payment, such upfront payment shall be amortized over the term of such device and included in the calculation of the interest rate (or, if such rate is incapable of being fixed by entering into an unsecured interest rate hedging device at the time of calculation, a fixed rate equivalent reasonably determined by Administrative Agent) or (B) the floating rate applicable to such Floating Rate Indebtedness at the time in question.

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

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

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • 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.

  • LIBOR Interest Rate means the rate per year (rounded upward to the next one-sixteenth (1/16th) of one percent (0.0625%), if necessary) determined by CNB to be the quotient of (a) the LIBOR Base Rate divided by (b) one minus the Eurocurrency Reserve Requirement for the Interest Period; which is expressed by the following formula: LIBOR Base Rate

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Cash Interest Rate means the Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15 (519), or any successor publication, published by the Board of Governors of the Federal Reserve System.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • 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%.

  • Bond Interest Rate means, with respect to any Tranche of Securitization Bonds, the rate at which interest accrues on the Securitization Bonds of such Tranche, as specified in the Series Supplement.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Class E Interest Rate means 5.02% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Stated Interest Rate means (i) with respect to the Class A Certificates, 5.90% per annum, (ii) with respect to the Class B Certificates, 8.00% per annum and (iii) with respect to the Class C(R) Certificates, 4.70% per annum.”