Note Default Interest Rate definition

Note Default Interest Rate means, with respect to each Note, the “Note Default Interest Rate” for such Note as set forth in the Mortgage Loan Schedule.
Note Default Interest Rate shall have the meaning assigned to such term in the Loan Schedule.

Examples of Note Default Interest Rate in a sentence

  • Any amounts disbursed by Xxxxxx pursuant to this paragraph 7, including any reasonable attorney’s fees and costs incurred by Xxxxxx, with interest thereon, at the Note Default Interest Rate, will become additional indebtedness of Borrower secured by this Mortgage.

  • Any amounts disbursed by Xxxxxx pursuant to this paragraph 7, including any reasonable attorney’s fees and costs incurred by Xxxxxx, with interest thereon, at the Note Default Interest Rate, shall become additional indebtedness of Borrower secured by this Mortgage.

Related to Note Default Interest Rate

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

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

  • Post-Default Rate means, in respect of any principal of any Loan or any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans plus four percent (4.0%).

  • Note Interest Rate means a per annum rate equal to 0.08% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen