Fixed Rate Period Sample Clauses

The Fixed Rate Period clause defines a specific timeframe during which an agreed-upon fixed interest rate applies to a loan or financial instrument. During this period, the borrower pays interest at a constant rate, regardless of fluctuations in market rates, and this term is typically set out at the beginning of the agreement. This clause provides predictability and stability for both parties by locking in the interest rate, thereby protecting the borrower from rising rates and allowing for accurate budgeting.
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Fixed Rate Period. Interest on the Notes during the fixed rate period will be calculated on the basis of a 360-day year consisting of twelve 30-day months and, in the case of an incomplete month, on the basis of the actual number of days elapsed in such period. If any scheduled fixed rate interest payment date is not a business day, we will pay interest on the next business day, but interest on that payment will not accrue during the period from and after such scheduled fixed rate interest payment date.
Fixed Rate Period. (Check one only.) (1) Dollars (US $ ), shall be payable on the first day of each month during the term hereof which follows a 28-day month;
Fixed Rate Period. At Rate Lock for a Fixed to Float Loan, F▇▇▇▇▇▇ Mac will provide to the Seller an interest rate quote for the Fixed Interest Rate to be applicable during the Fixed Rate Period, which will be based upon a spread or margin, as determined by F▇▇▇▇▇▇ Mac at Rate Lock, above the yield rate on the United States Treasury Security applicable to the term of the Fixed Rate Period. Such United States Treasury Security will also be referenced in the Note for the applicable Mortgage for the purposes of calculating prepayment premiums. During the Fixed Rate Period, interest on the principal balance of such Fixed to Float Loan will accrue at such Fixed Interest Rate.
Fixed Rate Period. January 1 and July 1 of each year, commencing on January 1, 2023. The last interest payment date for the fixed rate period will be July 1, 2027. Floating rate period: January 1, April 1, July 1 and October 1 of each year, commencing on October 1, 2027.
Fixed Rate Period. During the period from (and including) May 17, 2022, to (but excluding) May 17, 2032, the Notes will bear interest at the rate of 5.023% per annum (the “Initial Interest Rate”). Such interest will be payable semi-annually in arrears on each May 17 and November 17 of each year, beginning on November 17, 2022 and ending on May 17, 2032 (each, a “Fixed Rate Period Interest Payment Date”). Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. If any scheduled Fixed Rate Period Interest Payment Date is not a Business Day, any payment of principal and interest on the Notes will be postponed to the next day that is a Business Day, but interest on that payment will not accrue during the period from and after the scheduled Fixed Rate Period Interest Payment Date. (i) Floating Rate Period. During the period from (and including) May 17, 2032, to (but excluding) the Maturity Date (the “Floating Rate Period”), the Notes will bear interest at a floating rate per annum equal to the Benchmark plus 205 basis points per annum (the “Margin”), as determined in arrears by the Calculation Agent in the manner described herein. Such interest will be payable quarterly in arrears on August 17, 2032, November 17, 2032, February 17, 2033 and on the Maturity Date (each a “Floating Rate Period Interest Payment Date”). Such interest will be computed for the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date or the Maturity Date (each, a “Floating Rate Interest Period”); provided that the first Floating Rate Interest Period for the Notes will begin on (and include) May 17, 2032 and will end on (but exclude) the first Floating Rate Period Interest Payment Date. (ii) The Calculation Agent will calculate the interest rate on the Notes quarterly on the second U.S. Government Securities Business Day preceding the applicable Floating Rate Period Interest Payment Date (the “Interest Determination Date”). In no event will the interest payable on the Notes be less than zero. Interest will be computed on the basis of the actual number of days in each Floating Rate Interest Period (or any other relevant period) and a 360-day year. The amount of accrued interest payable on the Notes for each Floating Rate Interest Period will be computed by multiplying (i) the outstanding principal amount of the Notes by (ii) the product of (a) the interest...
Fixed Rate Period. During the period from, and including, the issue date, to, but excluding, March 6, 2030 (the “Fixed Rate Period”), the Notes will bear interest at the rate of 5.450% per annum. Such interest will be payable semi-annually, in arrears, on March 6 and September 6 of each year, beginning on September 6, 2025, and ending on March 6, 2030 (each, a “Fixed Rate Period Interest Payment Date”). Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. If any scheduled Fixed Rate Period Interest Payment Date, Maturity Date or any Redemption Date falls on a day that is not a Business Day, then payment of any interest, principal or premium payable on such date will be postponed to the next succeeding Business Day, with the same force and effect as if made on the date such payment was due, and no interest or other payment will accrue as a result of such delay.
Fixed Rate Period. During the period from, and including, August 16, 2022, to, but excluding, August 16, 2027 (the “Fixed Rate Period”), the Notes will bear interest at the rate of 4.553% per annum. Such interest will be payable semi-annually, in arrears, on February 16 and August 16 of each year, beginning on February 16, 2023 and ending on August 16, 2027 (each such date a “Fixed Rate Interest Payment Date”). During the Fixed Rate Period, interest will be computed on the basis of a 360-day year consisting of twelve 30-day months.
Fixed Rate Period. The first Business Day of each March and September, commencing the first Business Day of the first September following a Fixed Rate Conversion Date, through the earlier of the Maturity Date or the date on which principal of and interest on the Bonds shall have been paid in full or provision shall have been made for the payment thereof in accordance with the Indenture. Original Delivery Date: February __, 2001 Fresh Advantage, Inc. (the "Company"), for value received, hereby promises to pay to the Registered Owner, or registered assigns, the Principal Amount on the Maturity Date and to pay interest thereon from the Interest Payment Date next preceding the Date of Authentication indicated hereon, unless it is authenticated on an Interest Payment Date, in which event it shall bear interest from such date, or if it is authenticated prior to March 1, 2001, in which event it shall bear interest from the Date of Authentication, payable on each Interest Payment Date, until payment of said principal sum has been made or provided for, at the rate or rates per annum provided for below. Principal and interest and premium, if any, shall be paid in any coin or currency of the United States of America which, at the time of payment, is legal tender for the payment of public and private debts. Interest shall be paid on each Interest Payment Date by check mailed to the person in whose name this Bond is registered at the close of business on the Regular Record Date (as hereinafter defined) next preceding such Interest Payment Date; provided, however, that interest shall also be payable by wire transfer to the account at a member bank of the Federal Reserve System of any Registered Owner of Bonds in the aggregate principal amount of $500,000 or more at the written request (identifying such account by number) of the registered owner received by the Trustee (as hereinafter defined) at least five (5) days before the Regular Record Date or Special Record Date (as defined in the Indenture). While the Bonds bear interest at a Variable Rate (as hereinafter defined), the Regular Record Date will be the close of business on the Business Day immediately preceding each Interest Payment Date. While the Bonds bear interest at the Fixed Rate (as hereinafter defined), the Regular Record Date will be the 15th day of the calendar month preceding each Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the registered owner...
Fixed Rate Period. During all times when an Index Rate Period is not in effect the Power Reimbursement will be $[***]/kWh (the “Fixed Rate”).
Fixed Rate Period. (Check one only.) (1) Forty Seven Thousand Five Hundred Twenty Two and 86/100 Dollars (US $47,522.86), shall be payable on the first day of each month during the term hereof which follows a 28-day month; (2) Forty Nine Thousand Two Hundred Twenty and 11/100 Dollars (US $49,220.11), shall be payable on the first day of each month during the term hereof which follows a 29-day month, (3) Fifty Thousand Nine Hundred Seventeen and 35/100 Dollars (US $50,917.35), shall be payable on the first day of each month during the term hereof which follows a 30-day month, or (4) Fifty Two Thousand Six Hundred Fourteen and 60/100 Dollars (US $52,614.60), shall be payable on the first day of each month during the term hereof which follows a 31-day month, until and including the First Rate Change Date. Partial Interest Only Loan.