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Reversionary Period definition

Reversionary Period means in respect of Fixed Rate Mortgages, LIBOR-Linked Mortgages or any Discretionary Further Advance, the applicable initial fixed rate period or, as the case may be, the LIBOR based initial margin period which applies until the rate of interest chargeable in relation thereto becomes: (a) the Standard Rate or (b) the reversionary rate of interest which the Borrower is required to pay at a variable margin over the three month London Interbank Offered Rate for sterling deposits determined quarterly.
Reversionary Period has the meaning given to it in the Mortgage Sale Agreement; "Secured Amounts" has the same meaning as in the Conditions;
Reversionary Period means in respect of Fixed Rate Mortgages or any Discretionary Further Advance, the applicable initial fixed rate period until the rate of interest chargeable in relation thereto becomes the Standard Rate.

Examples of Reversionary Period in a sentence

  • For greater certainty, during the Reversionary Period, all of the terms of the Head Lease shall continue to govern with respect to Unit 4.

  • Landlord hereby consents to such continued occupancy and possession of Unit 4 by Tenant during the Reversionary Period.

  • For greater certainty, during the Reversionary Period, all of the terms of the Head Lease shall continue to govern.

  • Each Administrator will, on behalf of the Issuer set, where relevant, the rates of interest applicable to the Mortgages, other than Fixed Rate Mortgages during the applicable initial fixed rate period (each such initial fixed rate period and including in the case of any Discretionary Further Advance, the "Reversionary Period") in accordance with the Administration Agreement.

Related to Reversionary Period

  • Probationary Period means a working test period during which an employee is required to demonstrate his fitness for the position to which he/she is appointed by actual performance of its duties.

  • Pre-Deconsolidation Period means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date.

  • Overlap Period means any taxable year or other taxable period beginning on or before and ending after the Closing Date.

  • Free Period means any Period other than the Prohibited Period.

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the following events:

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Look-back Period means, with respect to any Employment Violation by Grantee, the period beginning on the date which is 12 months prior to the date of such Employment Violation by Grantee and ending on the date of computation of the Recapture Amount with respect to such Employment Violation.

  • Ramp-Up Period means the period commencing on the Closing Date and ending on the Effective Date.

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Look-Back Year means the twelve (12) month period preceding the Determination Year.

  • Non-Call Period means, with respect to any Series, the period (if any) during which such Series shall not be subject to redemption at the option of the Fund, as set forth in the Appendix for such Series.

  • CIC Protection Period means the two-year period beginning on the date of a Change in Control and ending on the day before the second annual anniversary of the date of the Change in Control.

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Start-up period means up to 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age range of the Academy will have some pupils present).

  • Post-Deconsolidation Period means any Tax Period beginning after the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Deconsolidation Date.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • One-Year Break in Service means a twelve (12) consecutive month period during which the Participant does not complete more than 500 Hours of Service.

  • Recapture Period means the period commencing on the Effective Date and ending on the fifth anniversary of the last date that a Project owned by the Company is Placed in Service.

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Automatic Renewal Terms with TIPS Members Certification Regarding "Indemnity" Terms with TIPS Members Certification Regarding "Arbitration" Terms with TIPS Members

  • Protection Period means the period commencing on the Change in Control Date and ending on the second anniversary thereof.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;