Rate Lock definition

Rate Lock means determining the fixed interest rate on a Fixed Rate Loan or Fixed to Float Loan or the Index and the Margin on a Variable Rate Loan pursuant to this Agreement and the applicable Commitment.
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Rate Lock means the annual rate of interest and terms and conditions specified on a related Rate Sheet for a Mortgage Loan.
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Rate Lock means that communication by and between Buyer and Seller whereby Buyer agrees to fund or purchases a Mortgage Loan at a particular interest rate within a particular time period, and Seller aggress to deliver a Mortgage Loan at that interest rate and with that time period. The definitions of other terms used in this Agreement, or in any other document arising from this Agreement shall be interpreted in accordance with FHLMC or FNMA definitions and usages.
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Examples of Rate Lock in a sentence

  • At any time during the Term, NAI may deliver a notice in the form attached to the Common Definitions and Provisions Agreement as Annex 2 (a “Fixed Rate Lock Notice”), requesting that BNPPLC establish a fixed rate for use in the calculation of the Effective Rate hereunder (a “Fixed Rate Lock”) for all Base Rent Periods commencing on or after a date specified in such notice, which date must be the first Business Day of a calendar month (the “Fixed Rate Lock Date”).

  • If a Fixed Rate Lock is terminated as provided in this subparagraph, NAI shall have no right to require BNPPLC to enter into another Interest Rate Swap in order to establish a new fixed rate.

  • NAI must reimburse to BNPPLC any Fixed Rate Settlement Amount charged to BNPPLC in connection with such a termination, and if the termination is a complete, rather than a partial, termination of the Fixed Rate Swap then in effect, it will for purposes of this Lease constitute a termination of the Fixed Rate Lock itself.

  • Simultaneously with the Initial Advance, Lender shall return to Borrower, a pro-rata portion of the deposit held by Lender pursuant to the Rate Lock Agreement in such proportion as the amount of the Initial Advance bears to the Total Loan Amount.

  • Daily Rate Lock Reservation Availability‌Reservations in this program are available Monday - Friday 8:00 a.m. - 6:00 p.m. Mountain Time excluding holidays.


More Definitions of Rate Lock

Rate Lock. Lender will lock the Interest Rate on the Loans upon receipt by Lender of a good faith deposit equxx xx 2% of the Loan Amount and the execution by Sponsor of Lender's standard rate lock agreemxxx. Xpon receipt of such good faith deposit and rate lock agreement, Lender will hedge the Loan. Sponsor shall be responsible for all hedge carrying costs, except for the first ten (10) days of hedge carrying costs (i.e., Borrower shall be entitled to a 10-day free rate lock). The good faith deposit, less the cost of the hedge, shall be refunded to the Borrower at closing.
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Rate Lock. Borrower Sponsor shall have the option, simultaneous with the execution of the Commitment Letter, or at any time up to the closing of the Loan, to lock in the Interest Rate, upon the terms and conditions set forth in Capital America's standard Interest Rate Lock Agreement. If Borrower Sponsor has not previously locked the Interest Rate at any time, Capital America shall have the option in its sole discretion to lock the Interest Rate within the 3-days prior to and including the day of closing of the Loan.
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Rate Lock means that certain letter agreement dated October , 2018 between the Borrower and the Swap Provider.
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Rate Lock. The Interest Rate will be set no earlier than 9:00 a.m. (New York time) two (2) Business Days prior to the related funding date for no charge or deposit. If the Loan does not close within such two (2) Business Day period, except due to Lender's willful default, Borrower will reimburse Lender for any costs related to changes in interest rates. EXHIBIT 10.27
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Rate Lock shall have the meaning set forth in Section 2.5.2.1.
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Rate Lock. Lender will lock the Interest Rate on the Loan Amount (or a lesser amount at Borrower’s option) upon receipt by Lender of a good faith deposit equal to 2% of the Loan Amount and the execution by Sponsor of Lender’s standard rate lock agreement, as modified to reflect the reconfiguration of the Loans and extension of the Extended Loans. Upon receipt of such good faith deposit and rate lock agreement, Lender will hedge the Loan. Sponsor shall be responsible for all hedge carrying costs. The good faith deposit, less the cost of the hedge, shall be refunded to the Borrower at closing. Amortization: Interest only period co-termininous with Prior Financing interest only period (i.e., 5 years from the closing of the Prior Financing), 25 year amortization schedule thereafter. Anticipated Closing Date: Borrower and Lender shall use commercially reasonable efforts to fund the full Loan Amount on or about October 12, 2005, provided that Lxxxxx agrees that it will fund the Loan Amount in up to three stages as Sponsor obtains the release of the New Properties from the liens of certain existing mortgages. Notwithstanding the foregoing, Sxxxxxx agrees that at least Loans 1 and 6 (as described on Exhibit B) must close no later than October 12, 2005, in order to accommodate Lxxxxx’s securitization schedule. Fees and Expenses: Borrower will be required to pay no origination fee. Mxxxxxx Lxxxx will be entitled to: (i) the Initial Deposit (as defined below), (ii) a Loan Underwriting Fee of $25,000, and (iii) reimbursement of its out-of-pocket expenses (including without limitation reasonable fees and expenses of third party due diligence consultants and legal counsel), incurred in connection with this transaction whether or not it actually closes (the “Lender Expenses”). Borrower will be directly responsible for payment of any additional fees incurred by Borrower in connection with the origination of the Loan (e.g., Bxxxxxxx’s counsel, transfer and mortgage recording taxes, brokers’ fees, title, survey, etc.).
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Rate Lock. Contribution Agreement
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