Notional Interest Rate definition

Notional Interest Rate means the 90-day, U.S. dollar-based London Interbank Offered Rate (LIBOR), compounded on a monthly basis.
Sample 1Sample 2Sample 3
Notional Interest Rate means a rate of interest equal to the greater of (i) the interest rate of seven and one half of one percent (7.5%) per annum or (ii) the aggregate per annum rate equal to the Treasury Rate plus three percent (3.0%) per annum.
Sample 1
Notional Interest Rate means (i) during the period from October 1, 2020 through September 30, 2021, 1.75% per annum and (ii) from and after October 1, 2021, 3.50% per annum.
Sample 1Sample 2

Examples of Notional Interest Rate in a sentence

  • The amount, if any, determined in accordance with the preceding sentence shall be increased to reflect deemed earnings on such amount during the applicable Holdback Period based on the applicable Notional Interest Rate during such period.

  • The amount, if any, determined in accordance with the preceding sentence shall be increased to reflect deemed earnings on such amount during the first three calendar quarters of the calendar year following such Acceleration Event (or 2013, if earlier than such year) based on the applicable Notional Interest Rate during such quarters.

  • Notwithstanding any provision of this Plan to the contrary, the Committee may, in its sole discretion, alter, modify, eliminate or replace any notional rate of return, including the Notional Interest Rate, credited to a Participant’s Account under the Plan.

  • The ratio of nonperforming assets to loans and other real estate was U.S. Bancorp 13 TABLE 10 INTEREST RATE SWAP HEDGING PORTFOLIO NOTIONAL BALANCES AND YIELDS BY MATURITY DATE At September 30, 2000 (Dollars in Millions) Weighted Weighted Average Average Notional Interest Rate Interest Rate Maturity Date Amount Received Paid 2000........................................................

  • Number of Instruments Notional Interest Rate Derivatives Interest Rate Swap Contracts Derivatives Not Designated as Hedging Instruments As of March 31, 2015, the Company has three derivatives not designated as hedges, outlined below.

  • Subject to Section 4.03, the Account will be a book entry credit reflecting a Participant’s Award and will periodically be credited with the Notional Interest Rate attributable to such Award commencing on the first business day of the month after the Award Date.

  • The amount, if any, determined in accordance with the preceding sentence shall be increased to reflect deemed earnings based on the applicable Notional Interest Rate during the period commencing on January 1, 2013 and ending on May 17, 2013.

  • Notwithstanding Section 4.01, for purposes of Sections 6.02 and 6.03, the Participant’s Account shall not be credited with any notional rate of return, including the Notional Interest Rate, prior to the date payment is triggered in accordance with Section 6.02 or 6.03.

  • The foreign Currency Borrowing Amount for the relevant Valuation Period is equal to the performance of a notional cash deposit in U.S. dollars accruing interest at the Notional Interest Rate minus the product of (i) the performance of such notional cash deposit accruing interest at the interest rate for such non-U.S. currency designated in the annex times (ii) the performance of the applicable Currency Exchange Rate (defined below).

  • The GS Index is calculated on an excess return basis and the value of the GS Index (the "Index Value") is calculated on each Index Business Day in U.S. dollars.The Index Value is calculated by reference to the excess of the Total Return Index Value over the return that could be earned on a notional cash deposit at the "Notional Interest Rate" (which is the Federal Funds Rate) and is adjusted by the "Daily Index Cost" of 0.50 per cent.


More Definitions of Notional Interest Rate

Notional Interest Rate means a rate of interest equal to the greatest of (i) seven and one-half percent (7.50%) per annum, (ii) three percent ( 3.00%) plus the yield (converted as necessary to an annual interest rate) on the United States Treasury Security (as hereinafter defined) having a maturity date closest to ten (10) years from the Determination Date (as hereinafter defined) as displayed in the Bloomberg Financial Markets system at approximately 8:00 a.m. Chicago, Illinois time on the second (2nd) Business Day preceding the date on which the Debt Service Coverage Ratio is calculated (the “Determination Date”), provided, however, if the Bloomberg Financial Markets system is no longer available, the Lender, in its sole discretion, shall designate another daily financial or governmental news service or publication of national circulation to be used to determine such yield and/or such spread and (iii) the actual greatest rate of interest accruing on the Loan on the Determination Date. As used herein, “United States Treasury Security” shall mean any actively traded United States Treasury xxxx, xxxx or note, and if more than one issue of United States Treasury Security is scheduled to mature on or about the Maturity Date then to the extent possible, the United States Treasury Security maturing most recently prior to the tenth anniversary of the original Maturity Date will be chosen as the basis of the yield.
Sample 1Sample 2
Notional Interest Rate means the RTEA cost of borrowing divided by four (4).
Sample 1
Notional Interest Rate means a rate of interest equal to the greatest of (i) seven and one-half percent (7.50%) per annum, (ii) three percent ( 3.00%) plus the yield (converted as necessary to an annual interest rate) on the United States Treasury Security (as hereinafter defined) having a maturity date closest to ten (10) years from the Determination Date (as hereinafter defined) as displayed in the Bloomberg Financial Markets system at approximately 8:00 a.m. Chicago, Illinois time on the second (2nd) Business Day preceding the date on which the Debt Service Coverage Ratio is calculated (the “Determination Date”), provided, however, if the Bloomberg Financial Markets system is no longer available, the Lender, in its sole discretion, shall designate another daily financial or governmental news service or publication of national circulation to be used to determine such yield and/or such spread and (iii) the actual greatest rate of interest accruing on the Loan on the Determination Date. As used herein, “United States Treasury Security” shall mean any actively traded United States Treasury xxxx, xxxx or note, and if more than one issue of United States Treasury Security is scheduled to mature on or about the Maturity Date then to the extent possible, the United States Treasury Security maturing most recently prior to the tenth anniversary of the original Maturity Date will be chosen as the basis of the yield. 2.45 “Obligors” shall mean each of the Borrower and the Guarantor. 2.46 “Operating Cash Flow” shall mean at the time of calculation, during any Quarter, all base rental revenue actually received by Borrower during such Quarter pursuant to signed Leases arising from the ownership and operation of the Property (excluding tenant security deposits and rent paid during such Quarter by any Tenant for more than three months of rental obligations), and any business interruption insurance proceeds in the event there is a casualty at the Property and some or all of the tenants are not making rental payments due to such casualty, less the sum of all costs, taxes, expenses and disbursements of every kind, nature or description due and payable during such Quarter in connection with the leasing, management, operation, maintenance and repair of the Property, fixtures, machinery, equipment, systems and apparatus located therein or used in connection therewith including management fees equal to the greater of (A) the actual management fees being charged or (B) 3.0% of gross revenues, but exc...
Sample 1
Notional Interest Rate means, in relation to a Notional Interest Calculation Period, the rate for deposits in EUR for a three month period which appears on the Bloomberg Screen BTMM EU Page under the heading "EURIBORFIX" (or any EURIBOR Successor Source) as of 11:00 a.m. Brussels time, on the day that is two TARGET Settlement Days immediately preceding the first day of such Notional Interest Calculation Period. If such rate does not appear on the Bloomberg Screen BTMM EU Page (or any EURIBOR Successor Source), the Notional Interest Rate for such Notional Interest Calculation Period shall be such rate of interest determined by the Calculation Agent in its sole discretion as would have prevailed but for such unavailability by reference to such source(s) as it deems appropriate;
Sample 1
Notional Interest Rate means % divided by four (4).
Sample 1

Related to Notional Interest Rate

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

  • Post-ARD Additional Interest Rate With respect to any ARD Mortgage Loan after its Anticipated Repayment Date, the incremental increase in the Mortgage Rate for such ARD Mortgage Loan resulting from the passage of such Anticipated Repayment Date.

  • 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%).

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Initial Interest Rate means, as of any date of determination, (a) with respect to each A Note, the Initial Note A Interest Rate and (b) with respect to each B Note, the Initial Note B Interest Rate.

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

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

  • Class C Additional Interest is defined in Section 4.1(c).

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

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

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Interest Rate means 0.19000% per annum (computed on the basis of the actual number of days in the related Interest Accrual Period divided by 360).

  • Class E Interest Rate means 4.99% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Adjusted Interest Rate means, with respect to any Reset Transaction, the rate per annum that is the arithmetic average of the rates quoted by two Reference Dealers selected by the Company or its successor as the rate at which interest on the Securities should accrue so that the fair market value, expressed in dollars, of a Security immediately after the later of:

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

  • 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).

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

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

  • Stated Interest Rate “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, “Underwriting Agreement”, “United”, and “United Bankruptcy Event”.

  • Settlement Interest Rate means, for the first calendar quarter or portion thereof during which interest accrues, the rate determined by the Receiver to be equal to the equivalent coupon issue yield on twenty-six (26)-week United States Treasury Bills in effect as of Bank Closing as published in The Wall Street Journal; provided, that if no such equivalent coupon issue yield is available as of Bank Closing, the equivalent coupon issue yield for such Treasury Bills most recently published in The Wall Street Journal prior to Bank Closing shall be used. Thereafter, the rate shall be adjusted to the rate determined by the Receiver to be equal to the equivalent coupon issue yield on such Treasury Bills in effect as of the first day of each succeeding calendar quarter during which interest accrues as published in The Wall Street Journal.

  • Component Interest Rate Not applicable.

  • Interest Rate Cap Payment (a) With respect to the Class A-2 Certificates and the first 36 Distribution Dates, the amount, if any, equal to the product, determined on an "actual/360" basis, of (i) the excess, if any, of the lesser of (A) the one-month LIBOR rate as of the related reset date under the Class A-2 Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date; (ii) the applicable Class A-2 notional amount set forth on Schedule A to the Class A-2 Cap Agreement for such Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; (b) with respect to the Class M Certificates and the first 44 Distribution Dates, the amount, if any, equal to the product, determined on an "actual/360" basis, of (i) the excess, if any, of the lesser of (A) the one-month LIBOR rate as of the related reset date under the Class M Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date; (ii) the applicable Class M notional amount set forth on Schedule A to the Class M Cap Agreement for such Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; and (c) with respect to the Class B Certificates, and the first 44 Distribution Dates, the amount, if any, equal to the product, determined on an "actual/360" basis, of (i) the excess, if any, of the lesser of (A) the one-month LIBOR rate as of the related reset date under the Class B Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date; (ii) the applicable Class B notional amount set forth on Schedule A to the Class B Cap Agreement for such Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement.

  • Floating Rate Interest Payment Date has the meaning provided in Section 2.7(b).