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.
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Reversionary Period has the meaning given to it in the Mortgage Sale Agreement; "Secured Amounts" has the same meaning as in the Conditions;
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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.
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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.

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.

  • Reversion Date has the meaning assigned to such term in Section 4.19.

  • 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.

  • 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.