Rate Lock Letter definition

Rate Lock Letter is defined in Section 2.2.
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Rate Lock Letter means the Interest Rate Lock Letter under and as defined in the Loan Agreement.
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Rate Lock Letter is defined in paragraph 2B(3).
Sample 1

Examples of Rate Lock Letter in a sentence

  • Similarly, Ms. Thomas’ claim that she was told her interest rate would be 5.75% is raised for the first time in her opposition and is contradicted by the Rate Lock Letter.

  • Moreover, the Commitment Letter specifically states that Orix is solely responsible for determining the final interest rate, and that Overlook’s acceptance and execution of the Rate Lock Letter is binding.

  • Rate lock is the later of the date of the closing of the construction loan with BOAML or MassMutual’s receipt of a fully executed Loan Rate Lock Letter between Cornerstone and the Borrower.

  • Orix USA, LP is the parent company of Red Capital Group, LLC, of which interest rate.” Between 2012 and 2015, Overlook entered into four separate FHA- insured loans with Orix, and the parties executed a series of documents memorializing the terms of the loans, including the Application Letter, a Commitment Letter, and a Rate Lock Letter.

  • It is important to be prepared for music both familiar and unfamiliar.

  • Concurrently with the execution and delivery of this Forward Fixed Rate Lock Letter to the Bank, the Borrower shall provide to the Bank a copy of a certified resolution, in form and substance satisfactory to the Bank, authorizing the Borrower to enter into the Facility and this Forward Fixed Rate Lock Letter.

  • On April 5, 2022 CFNI secured a Rate Lock Letter Agreement with the financial institution to lock a fixed rate at 2.2% for funding March 1, 2025 in the amount of $47,435.

  • The Executive Committee hereby authorizes and approves (a) the Continuing Covenant Agreement, (b) the Forward Fixed Rate Lock Letter, both between the Agency and PNC Bank, National Association, as purchaser of the Series 2021 Bonds, in substantially the forms submitted to this meeting.

  • At most, the Commitment Letter requires that Orix “shall use it best efforts to confirm those pricing terms”; i.e., those terms expressed in the Rate Lock Letter, including the interest rate, discount points, prepayment penalties and restrictions, and extension costs.

  • It is undisputed that Orix fulfilled these obligations by securing the loans for Overlook at interest rates at or below those specified in the Rate Lock Letter and obtaining HUD insurance.As Orix notes, Overlook has failed to point to any specific provision of the written contract Orix allegedly breached.

Related to Rate Lock Letter

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

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate.

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.

  • 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.

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

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

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

  • Alternative Currency Daily Rate Loan means a 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.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

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

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

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

  • Alternative Currency Term Rate Loan means a 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.

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

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an -------------- Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • LIBOR Rate Loans means Loans bearing interest at a rate based on the LIBOR Base Rate or LIBOR Rate, as applicable.

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

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Eurodollar Rate Loans means any Loans or portion thereof on which interest is payable based on the Adjusted Eurodollar Rate in accordance with the terms hereof.