Term Interest Rate definition

Term Interest Rate means the interest rate on the Bonds established in accordance with Section 2.06 hereof.

Term Interest Rate means, with respect to the Term Loan, an interest rate (determined at Borrower’s option from time to time) equal to either (i) the Prime Rate plus the Applicable Margin, or (ii) the LIBOR Rate plus the Applicable Margin.

Term Interest Rate means, with respect to any Loan, the Borrowing Agent’s option from time to time of (i) a per annum rate of interest equal to the LIBOR Rate plus the Applicable LIBOR Rate Margin for the Term Loan, or (ii) a floating per annum rate of interest equal to the Base Rate plus the Applicable Base Rate Margin for the Term Loan.

Examples of Term Interest Rate in a sentence

• POST AT MATURITY (3,6,9 & 15 month only) CERTIFICATES OF DEPOSIT Date Opened: Account #: CD Term: Renewal Term: Interest Rate: % Annual Percentage Yield: % TERMS OFFERED Payable at maturity accounts are only offered for terms which equal 3 months, 6 months, 9 months & 15 months.

• JUMBO CERTIFICATES OF DEPOSIT Date Opened: Account #: CD Term: Renewal Term: Interest Rate: % Annual Percentage Yield: % COMPOUNDING AND CREDITING There is no compounding of interest on this account.

• Loan Amount Term Interest Rate (per par) Rate Type Source of Loans Term ✔ A.

• Interest shall be computed, in the case of a Term Interest Rate period, on the basis of a 360-day year consisting of twelve 30-day months, in the case of an Index Interest Rate period in which the Authority Notes bear interest at the LIBOR Index Rate, the Taxable Rate or the Default Rate, on the basis of a 360-day year for the actual number of days elapsed, and in the case of any other Interest Rate Period, on the basis of a 365 or 366-day year, as appropriate, and the actual number of days elapsed.

• As provided in the Indenture, the term of the Authority Notes will be divided into consecutive Interest Rate Periods, as provided in the Indenture, during each of which the Authority Notes shall bear interest at a Weekly Interest Rate, an Index Interest Rate or a Term Interest Rate.

More Definitions of Term Interest Rate

Term Interest Rate means the LIBOR Rate plus the Applicable Margin.

Term Interest Rate means a floating per annum rate of interest equal to the LIBOR Rate plus five percent (5.0%) per annum.

Term Interest Rate means the interest rate on the Bonds established in accordance with Section 2.02(d) hereof.

Term Interest Rate means the floating per annum rate of interest equal to the Base Rate plus the Applicable Margin.

Term Interest Rate means a non-variable interest rate on the Bonds established in accordance with Section 2.03(E) hereof, or for the initial Term Interest Rate Period, established by the Underwriter prior to sale of the Bonds.

Term Interest Rate means (a) in the case of a portion of a Term Loan that is a Base Rate Loan, an interest rate per annum equal to the sum of the Base Rate plus four and three-quarters percent (4.75%) and (b) in the case of a portion of a Term Loan that is a LIBOR Rate Loan, the sum of the LIBOR Rate plus five and three-quarters percent (5.75%); provided, however, the Term Interest Rate shall be subject at all times to the following applicable “floors”: (i) for the purpose of clause (a) above, the Base Rate, irrespective of its actual per annum rate, shall be deemed to be at least 2.25% per annum; and (ii) for the purpose of clause (b) above, the LIBOR Rate, irrespective of its actual per annum rate, shall be deemed to be at least 1.25% per annum.

Term Interest Rate means Nine Percent (9%) per annum.