Nonforfeiture interest rate means either of the following:
Nonforfeiture interest rate means 125% of the applicable calendar year valuation interest rate under s. 623.06 rounded to the nearest 0.25%.
Effective Interest Rate means the total interest rate established by Ecology that includes the Administrative Charge. “Estimated Loan Amount” means the initial amount of funds loaned to the RECIPIENT.
Adjusted Pool Balance means, on the Closing Date, an amount equal to:
Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.
Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).
Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).
Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;
Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.