Initial Fixed Rate definition

Initial Fixed Rate shall have the meaning in the form of Security set forth in Section 2.1.
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Initial Fixed Rate means the rate of interest that is being charged pursuant to the terms of the applicable Underlying Financing Agreement or as otherwise agreed pursuant to the terms of the applicable Underlying Financing Agreement.
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Initial Fixed Rate. With respect to each Series of Class A Certificates, as defined in the related Supplement.
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Examples of Initial Fixed Rate in a sentence

  • Adjustable Rate Mortgages (ARMs) Numeric – Decimal 0.0025 or 0.00125 9.999999 ARMs Only Where ARM Round Flag = 1, 2, or 3 >= 0 and < 1 45 Initial Fixed Rate Period For hybrid ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date.

  • Interest during the Initial Fixed Rate Period shall be calculated on the basis of a 360-day year divided into twelve months of 30 days each and, in the case of an incomplete month, on the basis of the actual number of days elapsed in such period.

  • On each Distribution Payment Date during the Initial Fixed Rate Period, (other than June 30, 2015) the Series 1 Distribution will be equal to C$0.28125 per unit.

  • On each Distribution Payment Date during the Initial Fixed Rate Period (other than March 31, 2016), the Series 3 Distribution will be equal to C$0.34375 per unit.

  • Beginning on the first day of the month following the end of the Initial Fixed Rate Period, each successive Fixed Rate Period shall be a quarterly period beginning of the first day of the month following the end of the prior Fixed Rate Period (a “Quarterly Fixed Rate Period”).

  • On each Distribution Payment Date during the Initial Fixed Rate Period (other than March 31, 2017), the Series 7 Distribution will be equal to C$0.3125 per unit.

  • On each Distribution Payment Date during the Initial Fixed Rate Period (other than January 31, 2016), the Series 7 Distribution will be equal to C$0.34375 per unit.

  • On each Distribution Payment Date during the Initial Fixed Rate Period (other than September 30, 2016), the Series 5 Distribution will be equal to C$0.334375 per unit.

  • During any Fixed Rate Period, other than the Initial Fixed Rate Period, Distributions will be payable semiannually in arrears on the first day of the first month that begins at least six months after the first day of the Fixed Rate Period and on the first day of each six month period thereafter during such Fixed Rate Period.

  • On each Distribution Payment Date during the Initial Fixed Rate Period (other than March 31, 2018), the Series 9 Distribution will be equal to C$0.3125 per unit.


More Definitions of Initial Fixed Rate

Initial Fixed Rate means 8.375% per annum.
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Initial Fixed Rate means seven and ninety-six one-hundredths percent ------------------ (7.96%) per annum.
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Related to Initial Fixed Rate

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

  • Annual Fixed Dividend Rate means, for any Subsequent Fixed Rate Period, the annual rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 2.16%.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.