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;
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
The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven and sixty-three one- hundredths percent (7.63%) per annum (the "Original Interest Rate"), computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
The Original Interest Rate is the annual rate that together with the mortality table guaranteed in the contract equates the amount applied at annuitization with the present value of the annuity payments (i.e., without expense loads).
Payments are commuted using an Adjusted Rate which is the Original Interest Rate plus an adjustment for changes in the general level of interest rates from the time of annuitization to commutation based on a published index.
The commuted value is not less than the present value of the commuted certain payments discounted at the Original Interest Rate plus 1.75%.
HECM Loan Original Interest Rate: The original interest rate for the HECM loan, reported at Pool Issuance.
More Definitions of Original Interest Rate
Original Interest Rate has the meaning provided in Section 2.04(a).
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 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”).; (d) the annual weighted interest rate payable by the Company to the Noteholders (Series C) on the nearest interest payment date, which arises from the provisions of subsection (b) and (c) above; (e) the annual interest rate arising from the weighted interest rate; (g) the annual interest rate and the semi-annual interest rate (the semi-annual interest rate shall be calculated as the annual interest rate divided by two) for the upcoming periods. It is clarified that in any event of changes to the interest rate as a result of changes to the rating as set forth in this section, there shall be no changes to the payment dates (Principal or interest) or to the Record Date (as defined above).
Original Interest Rate and the “Original Interest Period”), respectively); (c) the interest rate to be borne by the outstanding Principal on the Notes (Series B) 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”).; (d) the annual weighted interest rate payable by the Company to the Noteholders (Series B) on the nearest interest payment date, which arises from the provisions of subsection (b) and (c) above; (e) the annual interest rate arising from the weighted interest rate; (g) the annual interest rate and the semi-annual interest rate (the semi-annual interest rate shall be calculated as the annual interest rate divided by two) for the upcoming periods. It is clarified that in any event of changes to the interest rate as a result of changes to the rating as set forth in this section, there shall be no changes to the payment dates (Principal or interest) or to the Record Date (as defined above). c. If the date on which the Notes (Series B) start being rated at the Reduced Rating or lower rating occurs in the period beginning 4 (four) days prior to the Record Date for any interest payment and ending on the interest payment date immediately following said record date (hereinafter: the “Deferral Period”), the Company only shall pay to the Noteholders (Series B), on the forthcoming interest payment date, the Original Interest Rate (as it shall be at such time prior to the change), while the interest rate deriving from the Additional Interest at the rate equal to the rate of the annual Additional Interest for the Deferral Period, shall be paid on the next interest payment. The Company shall publish an immediate report with the precise interest rate to be paid on the next interest payment date.
Original Interest Rate means 7.20% per annum.