Term Note Rate definition

Term Note Rate means, with respect to any Series of Term Notes, the rate at which interest accrues on the Term Notes of such Series of Term Notes (or formula on the basis of which such rate shall be determined) as stated in the applicable Supplement.
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Term Note Rate means a per annum interest rate equal to the BANK ONE Base Rate in effect from time to time plus one percent (1.0%). Article I, DEFINITIONS, is further amended by adding the following definition:
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Term Note Rate means the Base Rate plus the Term Loan Spread."
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Examples of Term Note Rate in a sentence

  • The unpaid principal amount of the Advances shall bear interest prior to maturity at a varying rate per annum equal from day to day to the lesser of (a) the Maximum Rate, or (b) as the case may be, the Applicable Revolving Credit Note Rate or Applicable Term Note Rate.

  • All computations of interest calculated with respect to the Farm Credit One-Year Discount Note Rate, the Farm Credit Medium Term Note Rate, or at the Base Rate shall be made by Lender on the basis of a three hundred sixty five (365) day year, in each case for the actual 84 number of days occurring in the period for which such interest is payable.

  • If the Event of Default is cured during the applicable cure period, if any, interest will begin to accrue at the Term Note Rate or Revolving Note Rate, as applicable, commencing on the date the Event of Default is cured.

  • The Term Note will bear interest on the unpaid principal balance accrued from each date of disbursement at the Term Note Rate calculated on the basis of the actual days elapsed based on a per diem charge computed over a year composed of three hundred sixty (360) days.

  • The Contract Rate shall be calculated on the last business day of each calendar month hereafter (other than for increases or decreases in the Prime Secured Convertible Term Note Rate which shall be calculated and become effective in accordance with the terms of Section 1.1) until the Maturity Date and shall be subject to adjustment as set forth herein.


More Definitions of Term Note Rate

Term Note Rate means a rate per annum equal to 7.24%.
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Term Note Rate means a rate per annum equal to [__%.]
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Related to Term Note Rate

  • Net Note Rate means, with respect to each Note, the applicable Note Rate minus the Servicing Fee Rate.

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Note Rate means, in the case of the Class A-1 Notes, the Class A-1 Rate; in the case of the Class A-2a Notes, the Class A-2a Rate; in the case of the Class A-2b Notes, the Class A-2b Rate; in the case of the Class A-3 Notes, the Class A-3 Rate; in the case of the Class A-4 Notes, the Class A-4 Rate; in the case of the Class B Notes, the Class B Rate; in the case of the Class C Notes, the Class C Rate; and in the case of the Class D Notes, the Class D Rate.

  • Class A Note Rate means 2.97% per annum.

  • Class A-1 Note Rate means, with respect to any Quarterly Interest Period, the interest rate per annum (computed on the basis of the actual number of days in such Quarterly Interest Period over a year of 360 days) equal to Three-Month LIBOR for the related LIBOR Reset Period plus 0.08%.

  • Class C Note Rate means 3.48% per annum.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Class A-2 Note Interest Rate means a rate per annum equal to %.

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class B Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Term Notes means the promissory notes of the Borrower in favor of each of the Lenders evidencing the portion of the Term Loan provided pursuant to Section 2.2(d), individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

  • Term Note A means a promissory note of the Borrower payable to the order of a requesting Lender in the principal amount of such Lender’s Term Loan A Commitment, in substantially the form of Exhibit E-1.

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Net Note B Rate means the Note B Rate minus the Servicing Fee Rate.

  • Class C Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Note B Rate means the Note B Rate set forth on the Mortgage Loan Schedule.

  • Class D Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.