Rate Lock Date definition

Rate Lock Date means March 31, 2004.
Sample 1Sample 2Sample 3
Rate Lock Date means the date on which the Corporation and the Purchaser entered into a written agreement to lock the interest rate for the Bonds, or if no such written agreement was entered into, the date on which the interest rate was locked, as reflected in the records of the Purchaser.
Sample 1Sample 2
Rate Lock Date means June 10, 2020.
Sample 1

Examples of Rate Lock Date in a sentence

  • The Interest Rate Lock Date for the modification is the date that the Interest Rate Cap for a modified mortgage loan is determined.

  • As contemplated in the conditions set forth in subparagraph 3(B)(4) of the Lease, such Fixed Rate Lock Date is the first Business Day of a calendar month which falls after the projected Base Rent Commencement Date; such Fixed Rate Lock Date does not fall prior to the end of any Base Rent Period which has commenced or will commence before BNPPLC receives this notice; and NAI expects BNPPLC to receive this notice more than ten days prior to such Fixed Rate Lock Date.

  • What date should be reported by the servicer for the Interest Rate Lock Date for Modification in the trial period set up file and in the loan set up file?The Interest Rate Lock Date for Modification is the date that the Interest Rate Cap for a modified mortgage loan is determined.

  • By this letter, which is given pursuant to subparagraph 3(B)(4) of the Lease, NAI requests that BNPPLC promptly establish a Fixed Rate for a notional amount equal to the Lease Balance as of the date of this letter for use in the calculation of the Effective Rate for all Base Rent Periods commencing on or after the following Fixed Rate Lock Date: , 20___.

  • Upon satisfaction of the conditions set forth in the Commitment for setting the interest rate on the Loan, the actual interest rate (the "Applicable Rate") will be set (the "Rate Lock") on a date (the "Rate Lock Date") between now and the closing date of the Loan (the "Closing Date").

  • The amount of the monthly payment of principal and interest will be determined by Lendxx xx the Rate Lock Date.

  • Assuming the Loan satisfies the debt service ratios set forth in the preceding paragraph, the rate of interest will be calculated on the Rate Lock Date by adding SEE EXHIBIT A: TERM SHEET, ITEM 4.

  • In the event the Applicable Rate established on the Rate Lock Date is higher than the Assumed Rate, Lender reserves the right to reduce the Loan Amount to reflect the ability of the Property to carry the debt at the debt service coverage ratios of SEE EXHIBIT A: TERM SHEET, ITEM 3..

  • Depending upon market conditions on the Rate Lock Date, the Applicable Rate may be different from the Assumed Rate used in approving the application.

  • Notwithstanding anything to the contrary contained in this Commitment Letter, Borrower will not be permitted to Interest Rate Lock in accordance with this Commitment Letter and the Credit Agreement if it is not in compliance with the Sublimits on the Rate Lock Date (as defined below).


More Definitions of Rate Lock Date

Rate Lock Date means [ ], 2022.
Sample 1
Rate Lock Date means the date the interest rate of the Notes is fixed.
Sample 1
Rate Lock Date means the date on which Borrower and Bank entered into a written agreement to lock the interest rate for the Loan, or if no such written agreement was entered into, the date on which the interest rate was locked, as reflected in the records of the bank, or, if the Loan has been repriced, the date on which the interest rate was locked for the most recent repricing.
Sample 1
Rate Lock Date means May 6, 2004.
Sample 1

Related to Rate Lock Date

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • rest period is a paid interval which is included in the workday and is intended to give the employee an opportunity to have refreshments or a rest.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • LIBOR Interest Period means, as to any advance to which the LIBOR Option applies, the period of one (1), two (2), three (3) or six (6) months as selected by the Borrower in its notice of borrowing or notice of conversion, as the case may be, commencing on the date of disbursement of an advance (or the date of conversion of an advance to the LIBOR Option, as the case may be) and each successive period selected by the Borrower thereafter; provided that, (i) if a LIBOR Interest Period would end on a day which is not a Business Day, it shall end on the next succeeding Business Day unless such day falls in the next succeeding calendar month in which case the LIBOR Interest Period shall end on the next preceding Business Day, (ii) the Borrower may not select a LIBOR Interest Period that would end on a day after the Expiration Date, and (iii) any LIBOR Interest Period that begins on the last Business Day of a calendar month (or a day for which there is no numerically corresponding day in the last calendar month of such LIBOR Interest Period) shall end on the last Business Day of the last calendar month of such LIBOR Interest Period.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Prime Rate Loan means a Loan that bears interest based on the Prime Rate.

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • Applicable Interest Period for each Credit Facility has the meaning specified for that Credit Facility in the Credit Facility Schedule; provided, however, that, at any time that the Applicable Prime Rate is the Applicable Index Rate, Applicable Interest Period shall mean the period commencing as of the most recent Applicable Interest Rate Determination Date and continuing until the next Applicable Interest Rate Determination Date or such earlier date as the Applicable Prime Rate shall no longer be the Applicable Index Rate; and provided, further, that, at any time the Libor Rate Index is adjusted as set forth in the definition thereof, or re-implemented following invocation of the Applicable Prime Rate as permitted herein, the Applicable Interest Period shall mean the period commencing as of such adjustment or re-implementation and continuing until the next Applicable Interest Rate Determination Date, if any.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Eurodollar Period means, as to each Eurodollar Rate Loan, the period commencing on the date specified by Borrower pursuant to Section 2.1(b) and ending 1, 2, 3 or 6 months (or, with the written consent of all of the Lenders, any other period) thereafter, as specified by Borrower in the applicable Request for Loan; provided that:

  • Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.