Stated Interest definition
Stated Interest as used in this endorsement shall mean only the per annum interest on the unpaid principal balance of the loan provided in the insured mortgage at date of Policy.
Stated Interest means, with respect to any Note, interest payable on such Note at the Stated Rate for such Note.
Stated Interest means, with respect to any Equipment Note, interest payable on such Equipment Note at the Stated Rate for such Equipment Note.
Examples of Stated Interest in a sentence
If the Company so elects, such Additional Interest shall be payable in the same manner and on the same dates as the Stated Interest payable on the Notes.
In lieu of delivering any fractional share of Common Stock otherwise issuable as payment for a portion of the Stated Interest that the Company has duly elected to pay in Common Stock Interest, the Company shall pay cash in lieu of such fractional share based on the applicable Dollar Conversion Price.
More Definitions of Stated Interest
Stated Interest means 2.5% per annum, payable solely in cash.
Stated Interest shall have the meaning specified in Section 2.03.
Stated Interest has the meaning set forth in Section 4(B).
Stated Interest has the meaning specified in Section 4.01.
Stated Interest. RATE shall mean, with respect to each Interest Period, the rate of interest set forth on EXHIBIT A hereto for such Interest Period. TREASURY RATE shall mean, as of any Payment Date, the yield, calculated by linear interpolation (rounded to the nearest one-thousandth of one percent) of the yields of noncallable United States Treasury obligations with terms (one longer and one shorter) most nearly approximating the period from such Payment Date to the Anticipated Repayment Date (and converted to a monthly equivalent yield), as determined by Lender on the basis of Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Governmental Security/Treasury Constant Maturities or, if such publication is unavailable, such other recognized source of financial market information as shall be selected by Lender for the week prior to such Payment Date. YIELD MAINTENANCE PREMIUM shall mean an amount equal to the product of: (a) the positive difference (expressed as a percentage of the outstanding Principal Amount before any prepayment), if any, as of the date of determination between (i) the present value of all future scheduled payments of interest and principal, including the principal amount due on the Anticipated Repayment Date, to be made on this Note before the prepayment in question, discounted at an interest rate per annum equal to the Treasury Rate, and (ii) the outstanding Principal Amount immediately before such prepayment; and (b) the Principal Amount being prepaid.
Stated Interest shall have the meaning set forth in Section 2.1.1.
Stated Interest shall have the meaning set forth in paragraph 1 of the Securities.