Original Interest Rate definition

Original Interest Rate means the interest rate originally applicable to the Loan which will be applied upon prepayment of such Loan as set out in the Drawdown Confirmation;

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Original Interest Rate has the meaning set forth in the Note.

Original Interest Rate means the "prime rate" published in The Wall Street Journal from time to time, plus four percent (4%), which shall be increased or decreased as the case may be for each increase or decrease in the prime rate in an amount equal to such increase or decrease in the prime rate; each change to be computed as of the first Business Day of each calendar quarter. Notwithstanding the foregoing, the Original Interest rate shall not be less than eight percent (8%).

Examples of Original Interest Rate in a sentence

If ▇▇▇▇▇’▇ or any Substitute Rating Agency subsequently increases its rating on the Securities to “Baa3” (or its equivalent if with respect to any Substitute Rating Agency) or higher and S&P or any Substitute Rating Agency subsequently increases its rating on the Securities to “BBB-” (or its equivalent if with respect to any Substitute Rating Agency) or higher, the interest rate on this Security shall be decreased to the Original Interest Rate prior to any adjustments made pursuant to this Section 2.
The BENEFICIARY shall pay any difference between the New Interest Rate and the Original Interest Rate that has not yet been paid together with the interest and principal installment to be repaid on the 15th of the month immediately following the date of execution hereof, without prejudice to the collection of the charges set forth in the Provisions Applicable to BNDES Contracts referred to in Section Eight, item I of the AGREEMENT.
If both Moody’s and S&P cease to provide a rating of the Notes, the interest rate on the Notes shall increase to, or remain at, as the case may be, 2.00% above the Original Interest Rate.
The interest rate on the Notes shall permanently cease to be subject to any adjustment described above (notwithstanding any subsequent decrease in the ratings by either or both rating agencies) and, if applicable, shall be decreased to the Original Interest Rate, if the Notes become rated Baa2 and BBB or higher by Moody’s and S&P, respectively (or one of these ratings if only rated by one rating agency), with a stable or positive outlook by each of the rating agencies.
In no event shall (1) the interest rate for the Notes be reduced to below the Original Interest Rate or (2) the total increase in the interest rate on the Notes exceed 2.00% above the Original Interest Rate.

More Definitions of Original Interest Rate

Original Interest Rate has the meaning provided in Section 2.04(a).

Original Interest Rate and the “Original Interest Period”), respectively); (c) the interest rate to be borne by the outstanding Principal on the Notes (Series C) from the Rating Reduction Rate until the date of the nearest actual interest payment, meaning: The Original Interest Rate plus the Additional Interest Rate per annum (the interest rate shall be calculated based on 365 (three hundred and sixty five) days a year) (hereinafter: the “Updated Interest Rate”).;

Original Interest Rate means the interest rate applicable by the due date (pre-maturity date included) of the Loan (or the last floating period before the due date (pre-maturity date included) in case of floating interest rate). In case the overdue repayment and the failure to use the Loan for the intended purpose occur at same time, the higher of the above penalty interest rate shall prevail.

Original Interest Rate means the original Rate of Interest specified in the relevant Final Terms.

Original Interest Rate means a rate of interest equal to 7.63% per annum.

Original Interest Rate. A Original contractual interest rate for loan. Negative Amortization Flag A Code/literal to identify loans where negative amortization Text is allowed. Example: Y=neg am allowed, N=no neg am allowed.

Original Interest Rate. “Percentage Ratio(s)” “Prime Rate” “Security Documents” “Share(s)” “Share Charge” “Shareholder(s)” “Stock Exchange” “US$” “%” Five point five per cent (5.5%) of the Loan per annum; Ten point five per cent (10.5%) of the Loan per annum; the percentage ratio(s) under Rule 14.07 of the Listing Rules; the US Dollar Prime rate as quoted by the US Board of Governors of the Federal Reserve System from time to time; the Guarantee and any other document executed from time to time by whatever person as a further guarantee of or security for all or any part of the Borrower’s obligations under the 2019 Loan Agreement (as amended or supplemented by the 2020 Supplemental Loan Agreement); ordinary Share(s) of the Company; the share charge to be executed by the Borrower as the charger over 20% equity interest in Agria Asia Investments Limited to secure the Borrower’s liability and obligations under the 2019 Loan Agreement (as amended or supplemented by the 2020 Supplemental Loan Agreement); holder(s) of the Shares in the share capital of the Company; The Stock Exchange of Hong Kong Limited; The US dollar(s), the lawful currency of the United State of American; per cent.