Tracker Rate definition

Tracker Rate means the rate of interest applicable to a Tracker Loan (before applying any cap or minimum rate);
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Tracker Rate means the tracker rate specified in the Contract Acceptance Form (if applicable);
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Examples of Tracker Rate in a sentence

  • The additional conditions for your account will explain if the interest rate which applies to your account is a Tracker Rate.

  • Tracker Rate – an interest rate which consists of a Reference Interest Rate and (usually) a percentage above or below this which is set by us.

  • Tracker Rate an interest rate which consists of a Reference Interest Rate and (usually) a percentage above or below this which is set by us.

Related to Tracker Rate

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.