Variable Rate Loan definition

Variable Rate Loan means any Loan when and to the extent the interest rate for such Loan is determined in relation to the Variable Rate.

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Variable Rate Loan means a manufactured home transac- tion or a loan as defined in s. 138.052 (1) (b), the terms of which permits the interest rate to be increased or decreased.

Variable Rate Loan means a mobile home transaction or a loan as defined in s. 138.052 (1) (b), the terms of which permits the interest rate to be increased or decreased.

Examples of Variable Rate Loan in a sentence

• The Company may elect from time to time, subject to the terms and conditions of the Notes and this Agreement, to convert all or a portion of a Variable Rate Loan into an Adjusted LIBOR Rate Loan or to convert all or a portion of an Adjusted LIBOR Rate Loan into a Variable Rate Loan; provided, however, that any conversion of an Adjusted LIBOR Rate Loan will occur on the last day of the Interest Period applicable thereto.

• A Variable Rate Loan will continue as a Variable Rate Loan unless and until converted into an Adjusted LIBOR Rate Loan.

• A Variable Rate Loan may be prepaid at the option of the Company in whole or in part at any time without premium or penalty.

• The Borrowers shall not later than 11:00 a.m., Columbus, Ohio time one (1) Eurodollar Banking Day prior to the Borrowing Date, give notice by telephone confirmed in writing to the Lender whether they wish (i) to complete such borrowing in the form of a Eurodollar Rate Loan; (ii) to complete such borrowing as a Variable Rate Loan; or (iii) to cancel their request for a Revolving Credit Loan.

• Each Variable Rate Loan shall be subject to a prepayment premium upon prepayment prior to the last three (3) months of the term of such Variable Rate Loan as more fully described in the applicable Commitment and Form ARM Note.

More Definitions of Variable Rate Loan

Variable Rate Loan means a home loan where the rate of interest charged may

Variable Rate Loan means an ABR Loan, a LIBOR Loan or an Overnight Loan.

Variable Rate Loan means any Loan bearing interest based on the Daily LIBOR Rate.

Variable Rate Loan means the $7,500,000 revolving loan from the Bank in favor of the Borrower, as evidenced by the Variable Rate Promissory Note and the Loan Agreement, each entered into as of December 3, 1997. SECTION TWO ISSUANCE OF LETTER OF CREDIT

Variable Rate Loan. You promise to pay the Credit Union plus interest on the unpaid principal balance at a variable rate. The initial rate is equal to the annual percentage rate shown on page 1. You agree to make payments in the amount shown as “amount of payments” on page 1 according to the schedule set forth under “when payments are due” on page 1 until the note is paid in full. Sample

Variable Rate Loan is defined at Section 1.4.1.

Variable Rate Loan means any portion of the Loan bearing interest at the Variable Rate. The following terms are defined in the Sections of the Agreement referenced below: