Notice of Interest Rate Selection definition

Notice of Interest Rate Selection means a notice substantially in the form of EXHIBIT D given pursuant to SECTION 2.1.
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Notice of Interest Rate Selection means a Notice of Interest Rate Selection in the form of the attached Exhibit E.
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Notice of Interest Rate Selection has the meaning assigned to --------------------------------- such in Section 2.04.
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Examples of Notice of Interest Rate Selection in a sentence

  • Each Libor Rate Period specified in a Notice of Interest Rate Selection shall comply with the provisions of the definition of Libor Rate Period.

  • Torts are the inverse of restitution, and provide for compensation for wrongs by another.

  • Agent shall be entitled to act on the instructions of anyone identifying himself or herself as one of the Persons authorized to execute a Notice of Interest Rate Selection, and Borrower shall be bound thereby in the same manner as if such Person were actually so authorized.

  • The Agent shall promptly provide a copy of each Notice of Interest Rate Selection to each Lender.

  • If the applicable Borrower fails to deliver a timely Notice of Interest Rate Selection to the Agent for any Libor Rate Loans to such Borrower such Revolving Credit Loans shall be converted into Chase Manhattan Bank Rate Loans on the last day of the then current Libor Rate Period applicable thereto.

  • If the Borrower fails to deliver a timely Notice of Interest Rate Selection to the Agent for any Libor Rate Loans to the Borrower such Revolving Credit Loans shall be converted into Chase Manhattan Bank Rate Loans on the last day of the then current Libor Rate Period applicable thereto.

  • Instruction 1942-A, Guide 201, Written Notice of Interest Rate Selection.

  • A Notice of Interest Rate Selection may, if it so specifies, apply to only a portion of the aggregate principal amount of the relevant Loan; provided that the portion to which such notice applies, and the remaining portion to which it does not apply, each are sufficient to meet the minimum amount specified in Section 2.08.

  • B-1 EXHIBIT C - Form of Notice of Interest Rate Selection.......................

  • Each Interest Period specified in a Notice of Interest Rate Selection shall comply with the provisions of the definition of Interest Period.


More Definitions of Notice of Interest Rate Selection

Notice of Interest Rate Selection means, with respect to a proposed Borrowing pursuant to Section 2.1.2, a notice substantially in the form of Exhibit D.
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Notice of Interest Rate Selection means the document in the form --------------------------------- attached hereto and made a part hereof as Exhibit E, which shall be executed and delivered from time to time by the Borrower to the Bank pursuant to Sections 2.3 and 3.5 of this Loan Agreement to evidence (a) the election by the Borrower to have the applicable portion of the unpaid principal balance of the Term Loan and/or the Revolving Line of Credit bear interest at a rate equal to LIBOR plus the Applicable LIBOR Margin for the particular LIBOR Interest Period selected by the Borrower, and (b) upon the expiration of a LIBOR Interest Period, the election by the Borrower to have the applicable portion of the unpaid principal balance of the Term Loan and/or the Revolving Line of Credit bear interest at a rate equal to the LIBOR plus the Applicable LIBOR Margin for a successive LIBOR Interest Period selected by the Borrower.
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Notice of Interest Rate Selection means a notice substantially in the form of EXHIBIT D given pursuant to SECTION 2.1.2.
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Notice of Interest Rate Selection means the document in the form --------------------------------- attached hereto and made a part hereof as Exhibit C, which shall be executed and delivered from time to time by the Borrower to the Bank pursuant to Section 2.4 of this Loan Agreement to evidence (a) the election by the Borrower to have the applicable portion of the unpaid principal balance of the Revolving Line of Credit bear interest at a rate equal to the LIBOR plus the Applicable LIBOR Margin for the particular LIBOR Interest Period selected by the Borrower, and (b) upon the expiration of a LIBOR Interest Period, the election by the Borrower to have the applicable portion of the unpaid principal balance of the Revolving Line of Credit bear interest at a rate equal to the LIBOR plus the Applicable LIBOR Margin for a successive LIBOR Interest Period selected by the Borrower.
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Related to Notice of Interest Rate Selection

  • Notice of Interest Rate Election has the meaning set forth in Section 2.10.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period, the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Interest Rate Cap means a Cap.

  • Selected Interest Rates as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on July 1, 2020 and ending on and including June 30, 2025 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including June 30 in the fifth year thereafter.

  • Fixed Rate Security means a Security which provides for the payment of interest at a fixed rate.

  • Notice of Special Rate Period means any notice with respect to a Special Rate Period of shares of MuniPreferred pursuant to subparagraph (d)(i) of Section 4 of Part I of this Statement.

  • First Reset Rate of Interest means, in respect of the First Reset Period and subject to Condition 5.2(b), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the Reference Rate and the First Margin;

  • Conversion to Fixed Interest Rate With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;

  • Prime Rate of Interest means that rate of interest designated as such by Fleet National Bank of Connecticut, N.A., or any successor thereto, as the same may from time to time fluctuate.

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Reset Notice has the meaning specified in Section 3.07.

  • LIBOR Interest Rate means, for each LIBOR Loan for the relevant Interest Period, the rate per annum (rounded upward, if necessary, to the nearest one-sixteenth of 1%) determined by the Agent to be equal to the quotient of (a) the London Interbank Offered Rate for such LIBOR Loan for such Interest Period divided by (b) one minus the Eurocurrency Reserve Requirement for such Interest Period.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Special Rate Period with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Articles Supplementary.

  • Selection Notice means a notice substantially in the form set out in Part II of Schedule 3 (Requests) given in accordance with Clause 9 (Interest Periods).

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Default Rate of Interest means a rate of interest per annum equal to the sum of: (i) two percent (2%), (ii) the Chase Bank Rate, and (iii) the then Applicable Margin for Chase Bank Rate Loans, which rate the Agent shall be entitled to charge the Borrowers on all Obligations due the Lenders or the Agent by the Borrowers to the extent provided in Section 10.2 of this Financing Agreement.

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2, 3 or 6 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than One Hundred Thousand Dollars ($100,000.00); and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.