Type of Interest Rate definition

Type of Interest Rate. [ ] Fixed Rate [X] Floating Rate
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Type of Interest Rate. For adjustable loans (tied to the Refinancing Rate): From Date 1 - indexed For fully fixed-rate loans: Fixed For hybrid (mixed-rate) loans From Date 2 - fixed From Date 3 - indexed
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Type of Interest Rate. [ ] Fixed Rate [ ] Floating Rate Fixed Rate Funding Agreement: [ ]Yes [ ] No. If, Yes, Interest Rate: Floating Rate Funding Agreement: [ ]Yes [ ] No. If, Yes, Regular Floating Rate Funding Agreement: [ ] Yes [ ] No. If, Yes, Interest Rate: Interest Rate Basis(es): Floating Rate/Fixed Rate Funding Agreement: [ ] Yes [ ] No. If, Yes, Floating Interest Rate: Interest Rate Basis(es): Fixed Interest Rate: Fixed Rate Commencement Date: Initial Interest Rate, if any: Initial Interest Reset Date: Interest Rate Basis(es). Check all that apply: [ ] CD Rate [ ] CMT Rate [ ] Commercial Paper Rate [ ] LIBOR [ ] Treasury Rate [ ] Prime Rate [ ] Other (See Attached) If LIBOR: [ ] LIBOR Reuters Page [ ] LIBOR Moneyline LIBOR Currency: Telerate Page If CMT Rate: Designated CMT Telerate Page: If 7052: [ ] Weekly Average [ ] Monthly Average Designated CMT Maturity Index: Index Maturity: Spread (+/-): Spread Multiplier: Interest Reset Date(s): Interest Rate Determination Date(s): Maximum Interest Rate, if any: Minimum Interest Rate, if any: Computation of Interest (not applicable unless different than as specified in the prospectus and prospectus supplement): Day Count Convention (not applicable unless different than as specified in the prospectus and prospectus supplement): Discount Funding Agreement: [ ]Yes [ ] No. If, Yes, Total Amount of Discount: Initial Accrual Period of Discount: Additional/Other Terms: Terms of Survivor's Option: Annual Put Limitation: [ ] $2,000,000 or 2%; or [ ] $_______ or __% Individual Put Limitation: [ ] $250,000; or [ ] $ Trust Put Limitation: [ ] ______ Redemption: [ ]Yes [ ] No. If, Yes, Initial Redemption Dates: Redemption: [ ] In whole only and not in part [ ] May be in whole or in part Additional/Other Terms: Repayment: [ ]Yes [ ] No. If, Yes, Repayment Date(s): Repayment Price: Repayment: [ ] In whole only and not in part [ ] May be in whole or in part Additional/Other Terms: Sinking Fund (not applicable unless specified): Ratings: The Funding Agreement issued under the Program is rated _____ by S&P. Principal Life anticipates Moody's to rate the Funding Agreement ____ at the Effective Date. Additional/Other Terms: Special Tax Considerations:
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Examples of Type of Interest Rate in a sentence

  • PROVISIONS RELATING TO THE NOTES Principal Amount: $400,000,000 Type of Interest Rate: [ ] Fixed [X] Floating Price to Public: 100% If Fixed Rate Notes: Not applicable.


More Definitions of Type of Interest Rate

Type of Interest Rate. [X] Fixed Rate [ ] Floating Rate For Fixed Rate Funding Agreements: Interest Rate: 3.70% For Floating Rate Funding Agreements: Not applicable. Initial Interest Rate: Not applicable. Initial Interest Reset Date: Not applicable. Base Rate: Not applicable. [ ] CD Rate [ ] Commercial Paper Rate [ ] Constant Maturity Treasury Rate [ ] Federal Funds Rate [ ] LIBOR [ ] Treasury Rate [ ] Prime Rate [ ] Other (See Attached) If LIBOR: [ ] LIBOR Reuters Page [ ] LIBOR Telerate Page Designated LIBOR Currency: If Constant Maturity Treasury Rate: Designated CMT Telerate Page: [ ] 7051 [ ] 7052 If 7052: [ ] Weekly Average [ ] Monthly Average Designated CMT Maturity Index: Interest Reset Dates: Not applicable. Interest Rate Determination Date: Not applicable. Index Maturity: Not applicable. Spread (+/-): Not applicable.
Sample 1
Type of Interest Rate. For adjustable loans (tied to the Refinancing Rate): From Date 1 - indexed For fully fixed-rate loans: Fixed For hybrid (mixed-rate) loans From Date 2 - fixed From Date 3 - indexed X% For adjustable-rate loans (tied to a Refinancing index): The Effective Interest Rate calculation is based on the assumption that the index as of the Execution Date of the Agreement will not change throughout its validity period. For hybrid (mixed-rate) loans: The Effective Interest Rate calculation is based on the following assumption: the Fixed Interest Rate (the rate applicable to fixed-rate periods) shall apply to the Fixed-Rate Period(s) under this Agreement, and upon the expiration of the Fixed-Rate Period up to loan maturity, the interest will be calculated as follows - the Public Index as of the Date of Execution of the Agreement plus the Bank’s interest (the Base Rate).
Sample 1
Type of Interest Rate. For fixed-rate loans:
Sample 1
Type of Interest Rate. [ ] Fixed Rate [ x ] Floating Rate Fixed Rate Notes: [ ] Yes [ x ] No. If, Yes, Interest Rate: Floating Rate Notes: [ x ] Yes [ ] No. If, Yes, Regular Floating Rate Notes: [ ] Yes [x ] No. If, Yes, Interest Rate: Interest Rate Basis(es): Floating Rate/Fixed Rate Note: [ x ] Yes [ ] No. If, Yes, Floating Interest Rate: See below under "Additional/Other Terms" Interest Rate Basis(es): See below under "Additional/Other Terms" Fixed Interest Rate: 7.375% Fixed Rate Commencement Date: Original Issue Date Inverse Floating Rate Note: [ ] Yes [ x ] No. If, Yes, Fixed Interest Rate: Floating Interest Rate: Interest Rate Basis(es): Initial Interest Rate, if any: 7.375%, from and including the Original Issue Date to but excluding the Initial Interest Reset Date Initial Interest Reset Date: November 24, 2005 Interest Rate Basis(es). Check all that apply: [ ] CD Rate [ ] Commercial Paper Rate [ ] CMT Rate [ ] Eleventh District Cost of Funds Rate [ ] LIBOR [ ] Federal Funds Rate [ ] EURIBOR [ ] Treasury Rate [ ] Prime Rate [ x ] Other (See Attached) If LIBOR: [ ] LIBOR Reuters Page [ ] LIBOR Moneyline Telerate Page 3750 LIBOR Currency: U.S. Dollars If CMT Rate: Designated CMT Telerate Page: If 7052: [ ] Weekly Average [ ] Monthly Average Designated CMT Maturity Index: Index Maturity: Not applicable Spread (+/-): Not applicable Spread Multiplier: See below under "Additional/Other Terms" Interest Reset Date(s): Each Interest Payment Date beginning November 24, 2005 Interest Determination Date(s): Each Interest Reset Date Maximum Interest Rate, if any: Not applicable Minimum Interest Rate, if any; 0.00% Calculation Agent: X.X. Xxxxxx Trust Company, National Association Exchange Rate Agent: Not applicable Computation of Interest (not applicable unless different than as specified in the prospectus and prospectus supplement): Day Count Convention (not applicable unless different than as specified in the prospectus and prospectus supplement): Actual/Actual
Sample 1

Related to Type of Interest Rate

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

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.

  • Fixed Rate of Interest means the rate of interest payable from time to time in respect of a Fixed Rate Tier 1 BCN or during the Fixed Interest Rate Period in respect of a Fixed/Floating Rate Tier 1 BCN and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • 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.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;