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.
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.
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.
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 based on the applicable Notional Interest Rate during the period commencing on January 1, 2013 and ending on May 17, 2014.
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........................................................
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.
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 the Acceleration Event (or during the first three quarters of 2013 if the Acceleration Event occurs in 2013) based on the applicable Notional Interest Rate during such quarters.
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 ▇▇▇▇, ▇▇▇▇ 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.
Notional Interest Rate means RTEA Cost of Borrowing divided by four (4).
Notional Interest Rate means % divided by four (4).
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;
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 ▇▇▇▇, ▇▇▇▇ 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...