Rate and Payment Terms Notice definition

Rate and Payment Terms Notice means the notice sent by the Bank setting out the interest rate and payment terms for a particular drawdown.
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Rate and Payment Terms Notice means the written notice sent by the Bank to the Borrower setting out the interest rate and payment terms for a particular drawdown.
Sample 1Sample 2Sample 3

Examples of Rate and Payment Terms Notice in a sentence

  • Interest on Fixed Rate Term Loans is compounded monthly and payable monthly in arrears unless otherwise provided in the Rate and Payment Terms Notice.

  • The Bank will, after each drawdown, other than drawdowns by way of BA, LIBOR Loan or under the operating loan, send a Rate and Payment Terms Notice to the Borrower.

  • The Bank will, after each drawdown, other than drawdowns by way of BA, CDOR, or LIBOR Loan or under the operating loan, send a Rate and Payment Terms Notice to the Borrower.

  • Interest on Prime Based Loans and USBR Loans is calculated daily and payable monthly in arrears based on the number of days the subject loan is outstanding unless otherwise provided in the Rate and Payment Terms Notice.

  • Interest on Prime Based Loans and USBR Loans is calculated daily (including February 29 in a leap year) and payable monthly in arrears based on the number of days the subject loan is outstanding unless otherwise provided in the Rate and Payment Terms Notice.

  • Floating Rate Term Loans available by way of: • Prime Based Loans: Prime Rate + 1.000% per annum • USBR Loans: USBR + 1.000% per annum • LIBOR Loans: LIBOR + 2.750% per annum • B/As: Stamping Fee at 2.750%.per annum For all Facilities, interest payments will be made in accordance with Schedule “A” unless otherwise stated in this Letter or in the Rate and Payment Terms Notice applicable for a particular drawdown.

  • Fixed Rate Term Loans: as determined by the Bank, in its sole discretion, for the Rate Term selected by the Borrower, and as set out in the Rate and Payment Terms Notice applicable to that Fixed Rate Term Loan.

  • The details of repayment and interest rate applicable to such drawdown will be set out in the" Rate and Payment Terms Notice" applicable to that drawdown.

  • For all Facilities, interest payments will be made in accordance with Schedule "A" attached hereto unless otherwise stated in this Letter or in the Rate and Payment Terms Notice applicable for a particular drawdown.

Related to Rate and Payment Terms Notice

  • a term's notice means written notice given not later than the first day of the term preceding the term to which the notice relates;

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider specifying a Mandatory Tender Event and Purchase Date.

  • Nomination Notice means all information and documents that a Nominating Shareholder is required to submit to the Secretary of the Corporation pursuant to Section 3.11f.

  • Second Notice means notice to the Class in a form to be approved by the Court, which shall substantially be in accordance with the notice at Schedule “E”.

  • Redemption Notice Date means, with respect to a Redemption, the date on which the Company sends the Redemption Notice for such Redemption pursuant to Section 4.03(F).

  • Redemption Request has the meaning as set forth in Section 8.1.

  • OJEU Notice means the contract notice published in the Official Journal of the European Union.

  • Proposal Due Date and Time means the date and time specified in the Request for Proposal as the deadline for submitting Proposals.

  • Determination Notice is defined in Section 6.1(b)(i) of the Agreement.

  • Mediation Notice is defined in Section 6.2(b).