Variable Loan Rate definition

Variable Loan Rate means the SOFR Loan Rate.
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Variable Loan Rate means, with respect to each Approved Principal Amount Allocation listed below, the rate per annum rate equal to:
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Examples of Variable Loan Rate in a sentence

  • If you have selected the Variable Loan Rate Option, we will credit excess interest at an effective rate of not less than the loan interest rate for the contract year less 5 1/2%.

  • For the purposes of this Agreement, the Variable Loan Rate means the Northern Prime publicly quoted from time to time by the Lender as being its prime lending rate for Canadian dollar commercial loans.

  • Loan Value; Interest Charge; Fixed Loan Rate Option; Variable Loan Rate Option; Repayment; Effect of a Loan; Excess Contract Debt; Postponement of Loan Settlement Options ........................................................

  • Loan Requirements; Interest Charge; Fixed Loan Rate Option; Variable Loan Rate Option; Repayment; Effect of a Loan; Postponement of Loan Withdrawals ................................................................

  • Loan Requirements; Interest Charge; Fixed Loan Rate Option; Variable Loan Rate Option; Repayment; Effect of a Loan; Postponement of Loan Withdrawals ...............................................................

  • You may select either the Fixed Loan Rate Option or the Variable Loan Rate Option.

Related to Variable Loan Rate

  • Term Loan 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.