Applicable Interest Rate

Applicable Interest Rate. Means the rate per annum equal to: a. five percent (5%) during the period beginning on the Issuance Date and ending on the First Period Termination Date; b. seven percent (7%) during the period beginning on the First Period Termination Date and ending on the date twenty-four (24) months after the Issuance Date; and c. eight percent (8%) thereafter.

Applicable Interest Rate. The highest lawful rate then permitted by applicable law in the State of New York, or if no such rate exists, the highest lawful rate permitted under such other applicable law as the Bank may choose in its discretion

Applicable Interest Rate. Means the Daily Adjusting LIBOR Rate plus the Applicable Margin, the Daily Adjusting LIBOR Rate with Floor plus the Applicable Margin or (subject to the terms of this Addendum) the Prime Referenced Rate plus the Applicable Margin, as selected by Administrative Borrower from time to time or as otherwise determined in accordance with the terms and conditions of this Addendum.

Applicable Interest Rate. Means the Cost of Funds plus one percent.

Applicable Interest Rate. Shall have the meaning set forth in the Mortgage Loan Agreement.

Applicable Interest Rate. Shall mean a rate per annum equal to (a) the lesser of (i) the LIBOR-Based Rate from time to time in effect or (ii) the Maximum Rate, or, as the case may be, (b) the Funds-Based Rate (to the extent applicable pursuant to SECTION 2.5.1 of the Note Purchase Agreement) or (c) the Default Rate (to the extent applicable pursuant to SECTION 2.5.4 of the Note Purchase Agreement). 1

Applicable Interest Rate. Means five percent (5%) per annum, provided that if all Milestones (as defined below) are not satisfied concurrently (i) on or before the one hundred and eightieth (180th) day following the Issue Date, the Applicable Interest Rate shall be increased to seven and one-half percent (7.5%) per annum and (ii) on or before the three hundred and sixty fifth (365th) day following the Issue Date, the Applicable Interest Rate shall be increased to fifteen percent (15%) per annum; provided, however, that... if the Applicable Interest Rate increases pursuant to clause (i) or (ii) above, and subsequent thereto all of the Milestones are satisfied concurrently for a period of at least forty five (45) consecutive calendar days, the Applicable Interest shall be five percent (5%) per annum for all periods thereafter. View More

Applicable Interest Rate. Shall mean (i) from the date hereof through and including the Anticipated Repayment Date, the Stated Interest Rate, and (ii) from the day after the Anticipated Repayment Date through and including the Maturity Date, the Revised Interest Rate.

Applicable Interest Rate. Shall mean the rate per annum equal to the LIBOR rate in effect on the first day of each calendar month during the term of this Note plus five percent (5%), and shall continue in effect for the balance of that month; PROVIDED, HOWEVER, that the Applicable Interest Rate shall not exceed seven percent (7%) per annum during the first two years of the term of this Note, eight percent (8%) per annum during the third and fourth years of the term of this Note, and nine percent (9%) per annum... thereafter. View More

Applicable Interest Rate. Shall mean, (i) for the period from and including the date hereof to and including the Initially Scheduled Maturity Date, a rate per annum equal to Eleven Percent (11.0%) and (ii) if the Note is extended in accordance with Section 5 hereof, for the period following the Initially Scheduled Maturity Date, a rate per annum equal to Fourteen Percent (14.0%).