Reduced Interest Rate definition

Reduced Interest Rate means the special interest rate that the Bank will charge the Cardholder during the Balance Transfer Period.
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Reduced Interest Rate means the interest rate applicable to your Term Investment Account following you requesting your funds or any part of them before the applicable Maturity Date. The Reduced Interest Rate is the applicable percentage rate per annum (p.a.) The Reduced Interest Rate rate applicable at any given time is available on The Greater’s website.
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Reduced Interest Rate means a rate applied when granting loans to agricultural enterprises under the special lending regime;
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Examples of Reduced Interest Rate in a sentence

  • The Reduced Interest Rate will be determined by ADCB in its sole discretion and will be charged to the Balance Transfer Amount from the date the Balance Transfer Amount is charged to your Credit Card Account until the expiry of the Balance Transfer Period.

  • If you pay less than the Minimum Payment Due by the Payment Due Date specified in the relevant Statement of Account, ADCB may, in its sole discretion, cease to charge you the Reduced Interest Rate and instead charge a higher interest rate on the outstanding amount in your Credit Card Account, including the Balance Transfer Amount.

  • Item 3: Item 3 is a Resolution Authorizing the Execution and Delivery of a First Amendment to Bond Purchase and Loan Agreement relating to the Economic Development Revenue Bonds, Series 2005 (MNM Real Estate Ventures, LLC Project) of the Illinois Finance Authority Providing for a Reduced Interest Rate for the Bond; and Related Matters.

  • The Reduced Interest Rate will become effective on the first day of the calendar quarter following the date of the Interest Rate Reduction.

  • Anacomp shall pay interest on any amount not paid when due under this Agreement ("Overdue Interest") at the lower of (a) Five Percent (5%) over the Interest Rate or Reduced Interest Rate, as the case may be, or (b) the highest rate permitted by applicable law.

  • Reduced Interest Rate from 12% to Prime RateSubsection 194.014 (2) reads: (2) If the value adjustment board determines that the petitioner owes ad valorem taxes in excess of the amount paid, the unpaid amount accrues interest at the rate of 12 percent per year from the date the taxes became delinquent pursuant to s.

  • Notwithstanding anything herein to the contrary, if Borrowers indefeasibly pay all Obligations in full on or prior to March 28, 2008, Lenders shall credit to Borrowers from the Early Termination Fee an amount equal to the difference between the amount of interest actually paid or owing pursuant to the terms hereof and the amount of interest that would have been due or paid if the interest rate on the Closing Date had been the Reduced Interest Rate.

  • A Reduced Interest Rate is paid on the funds in a Guaranteed Account.The Direct Fee Option applies to all your Eligible Accounts with us up to the Nominated Amount whereas the Reduced Interest Rate Option only applies to the balance in the Guaranteed Account you nominate.You do not have to obtain an Optional Guarantee.

  • Mr. Frampton presented the following resolutions: Resolutions Item 2: Item 2 is a Resolution Authorizing the Execution and Delivery of a Second Amendment to Modification Agreement relating to the Adjustable Demand Revenue Bond, Series 2000 (Slovak American Charitable Association Project) of the Illinois Finance Authority Providing for the Extension of Current Interest Rate Holding Period and a Reduced Interest Rate for the Bond, and Related Amendments; and Related Matters.

  • Most are offered to students, without application, on the strength of academic merit and the recommendations of a school or department.


More Definitions of Reduced Interest Rate

Reduced Interest Rate means the sterling base lending rate of the Bank by reference to which the Interest Rate is determined. Rent means the Initial Rent until (but not including) the first Review Date and thereafter “Rent” means the Revised Rent.
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Reduced Interest Rate means the interest rate provided
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Reduced Interest Rate with respect to LIBOR Loans, the applicable LIBOR Rate plus seven and three-quarters percent (7.75%), and with respect to Base Rate Loans, a per annum interest rate calculated from time to time as being (i) the greatest of (A) the Prime Rate, (B) the Federal Funds Rate in effect on such day plus fifty (50) basis points (0.50%), and (C) seven and one-half percent (7.50%) per annum plus (ii) six and three-quarters percent (6.75%)
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Reduced Interest Rate means a per annum rate of interest equal to 5.00%.
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Reduced Interest Rate is defined in Section 7.5(d).
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Related to Reduced Interest Rate

  • Capped Interest Rate is defined in the Note, if applicable.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Class A-1 Interest Rate means 0.75000% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Class E Interest Rate means 4.99% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Stated Interest Rate “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, “Underwriting Agreement”, “United”, and “United Bankruptcy Event”.

  • Assumed Interest Rate means the annual yield payable on the last day of the applicable Calculation Period on ten (10) year United States Treasury obligations in amounts approximating the outstanding principal balance of the Loan on the last day of the Calculation Period plus two hundred fifty (250) basis points per annum; provided, however, that the Assumed Interest Rate shall be not less than six percent (6.0%) per annum.

  • Base Interest Rate means a rate of interest based on the LIBOR-Rate. "Base Interest Rate Loan" means amounts outstanding under this note that bear interest at a Base Interest Rate. "Base Rate Maturity Date" means the last day of the Interest Period with respect to principal outstanding under a Base Interest Rate Loan. "Business Day" means a day on which Bank is open for business for the funding of corporate loans, and, with respect to the rate of interest based on the LIBOR Rate, on which dealings in U.S. dollar deposits outside of the United States may be carried on by Bank. "Interest Period" means with respect to funds bearing interest at a rate based on the LIBOR Rate, any calendar period of one, three, six, nine or twelve months. In determining an Interest Period, a month means a period that starts on one Business Day in a month and ends on and includes the day preceding the numerically corresponding day in the next month. For any month in which there is no such numerically corresponding day, then as to that month, such day shall be deemed to be the last calendar day of such month. Any Interest Period which would otherwise an on a non-Business Day shall end on the next succeeding Business Day unless that is the first day of a month, in which event such Interest Period shall end on the next preceding Business Day. "LIBOR Rate" means a per annum rate of interest (rounded upward, if necessary, to the nearest 1/100 of 1%) at which dollar deposits, in immediately available funds and in lawful money of the United Sates would be offered to Bank, outside of the United Sates, for a term coinciding with the Interest Period selected by Debtor and for an amount equal to the amount of principal covered by Debtors' interest rate selection, plus Bank's costs, including the costs, if any, of reserve requirements. "Origination Date" means the first day of the Interest Period. "Reference Rate" means the rate announced by Bank from time to time at its corporate headquarters as its Reference Rate. The Reference Rate is an index rate determined by Bank from time to time as a means of pricing certain extensions of credit and is neither directly tied to any external rate of interest or index nor necessarily the lowest rate of interest or index nor necessarily the lowest rate of interest charged by Bank at any given time.

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.

  • Agreed Interest Rate means that interest rate determined as of the time it is to be applied that is equal to the lesser of (i) 5% in excess of the discount rate established by the Federal Reserve Bank of San Francisco as it may be adjusted from time to time, or (ii) the maximum interest rate permitted by Law.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class D Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Interest Rate means 1.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Bond Interest Rate means, with respect to any Tranche of Securitization Bonds, the rate at which interest accrues on the Securitization Bonds of such Tranche, as specified in the Series Supplement.

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Applicable Interest Rate means, (i) with respect to each Revolving Credit Advance and Term Loan Advance, the Eurodollar-based Rate or the Base Rate, and (ii) with respect to each Swing Line Advance, the Base Rate or, if made available to the Borrower by the Swing Line Lender at its option, the Quoted Rate, in each case as selected by the Borrower from time to time subject to the terms and conditions of this Agreement.

  • Selected Interest Rates as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.