Regular Interest Rate definition

Regular Interest Rate means the rate of interest payable periodically on a Mortgage Loan and shall be equal to (i) 500 basis points and 300 basis points in excess of the rate on a treasury obligation having a maturity substantially similar to that of the Mortgage Loan for fixed rate Junior and First Mortgage Loans, respectively, and 400 basis points and 200 basis points in excess of the Prime Rate, or 570 basis points and 370 basis points in excess of the Federal Funds Rate, for variable rate Junior and First Mortgage Loans, respectively.

Regular Interest Rate means interest at an annual rate of six and seventy-six one-hundredths percent (6.76%), as such rate shall be reset in accordance with Section 5.5, below.

Regular Interest Rate shall have the meaning assigned to such term in the Mortgage Loan Agreement.

Examples of Regular Interest Rate in a sentence

• Based on the Long-Term Expected Rate of Return, which PMRS develops and is also referred to as the Regular Interest Rate.

• The "Regular Interest Rate" is used by the DB Program to charge interest among other items on (1) previously refunded retirement contributions when a member elects to redeposit those contributions, and (2) installment payments for the (a) redeposit of contributions or (b) purchase of additional service credit.

• Except as otherwise provided herein, interest shall accrue on the principal amount of the Loan from time to time outstanding from the date hereof through the Maturity Date, or the earlier payment of this Note in accordance with the terms hereof, whether upon acceleration or otherwise, at the Regular Interest Rate ("Regular Interest").

• Regular Interest on the outstanding principal of the Loan shall accrue from the date hereof at the Regular Interest Rate.

• In no event shall the Regular Interest Rate exceed the Highest Lawful Rate.

More Definitions of Regular Interest Rate

Regular Interest Rate means Six and 36/100 (6.36%) percent per annum.

Regular Interest Rate means in the case of interest payments owing to any Owner pursuant to this Agreement, the prime rate published in the Wall Street Journal on the first Business Day of the month.

Regular Interest Rate means an interest rate equal to seven and one one-hundredth percent (7.01%) per annum.

Regular Interest Rate means a rate per annum equal to 3.795%.

Regular Interest Rate means the rate of interest payable periodically on a Mortgage Loan and shall be equal to (i) 500 basis points and 300 basis points in excess of the rate on a treasury obligation having a maturity substantially similar to that of the Mortgage Loan for fixed rate Junior and

Regular Interest Rate means 8.177% per annum.

Regular Interest Rate means Regular Interest Rate, as defined in the Loan Agreement. “Securities” means Securities, as defined in the Mortgage Loan Agreement. “Securitization” means Securitization, as defined in the Mortgage Loan Agreement. “Subsequent Insolvency Event” shall mean (i) the filing of an involuntary petition (by aPerson other than the Lender or any Person acting by or on behalf of the Lender) against the Borrower under the Bankruptcy Code and such petition is not dismissed within one hundred eighty (180) days after the date such petition was filed, (ii) the filing of a voluntary petition, or the joining in, instigating, or soliciting of an involuntary petition against the Borrower (with a Person other than the Lender or any Person acting by or on behalf of the Lender), by the Borrower under the Bankruptcy Code, (iii) the Borrower making a general assignment for the benefit of creditors, (iv) the filing of a petition or answer by the Borrower seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) the Borrower seeking, consenting to or acquiescing (other than with the Lender or any Person acting by or on behalf of the Lender) in the appointment of a trustee, receiver, liquidator or any Person fulfilling similar function or functions of the Borrower or of all or any substantial part of the Collateral, (vi) the Borrower admitting, in writing or in any legal proceeding, its insolvency or inability to pay its debts as they become due or admitting or failing to contest the material allegations of a petition filed against it in any such proceeding, or(vii) the substantive consolidation of the Borrower with any other entity that is a debtor in a case under the Bankruptcy Code, whether or not the Borrower is then a debtor in a case under the Bankruptcy Code.