Examples of Rate Commencement Date in a sentence
If this Note is designated as a “Floating Rate/Fixed Rate Note” on the face hereof, this Note will be a Floating Rate Note for a specified portion of its term and a Fixed Rate Note for the remainder of its term, commencing on the Fixed Rate Commencement Date specified on the face hereof, in which event the interest rate on this Note will be determined as provided herein as if it were a Floating Rate Note and a Fixed Rate Note hereunder for each such respective period.
Fixed Rate Commencement Date: [ ] Actual/360 for the period Fixed Interest Rate: % from to .
Unless specified on the face hereof, the interest rate in effect commencing on, and including, the Fixed Rate Commencement Date to Maturity will be the Fixed Interest Rate, if such a rate is specified above, or, if no such Fixed Interest Rate is so specified, the interest rate in effect on the day immediately preceding the Fixed Rate Commencement Date.
If this Note is specified on the face hereof as a “Fixed Rate/Floating Rate Note”, this Note will bear interest at the rate per annum specified on the face hereof as the Fixed Interest Rate; provided, however, that commencing on the Floating Rate Commencement Date, this Note will bear interest at the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any.
Fixed Rate Commencement Date Optional Redemption: [ ] Yes [ ] No The Survivor's Option [ ] is [ ] is not available Optional Redemption Date: Annual Put Limitations: Initial Redemption Percentage: Individual Put Limitation: Annual Percentage Reduction: Trust Put Limitation: Redemption may be: [ ] In whole only.
The LESSEE shall pay 1/12 of the estimated annual Operating Costs (One Thousand Five Hundred Forty-Six and 67/100 Dollars ($1,546.67) per month for the first year following the Rate Commencement Date), in addition to its regular monthly rent payment.
In addition to other obligations of LESSEE to LESSOR, beginning on the Rate Commencement Date LESSEE shall pay to LESSOR base rent of Forty-Four Thousand Five Hundred Sixty Dollars ($44,560.00) annually payable in monthly installments of Three Thousand Seven Hundred Thirteen and 33/100 Dollars ($3,713.33) in advance on the first day of each and every calendar month during the continuance of the term of this Lease.
Additionally, beginning on June 1, 2022 (the “Interest Rate Commencement Date”), any unpaid principal amount from time to time outstanding on this Note following the Interest Rate Commencement Date shall bear interest at the rate of seven and 00/100 percent (7.0%) per annum (the "Interest Rate").
Beginning with the Rate Commencement Date, LESSEE may make nonstructural alterations provided the LESSOR consents thereto in writing, which consent shall not be unreasonably withheld, conditioned or delayed, except as otherwise provided in this Lease.
In consideration of the full and satisfactory performance of the Services the Xxxxxx Operator shall, with effect from the Rate Commencement Date pay the Contractor in accordance with the provisions set out in this Clause 12.