Sentences with phrase «interest at a rate»

At July 28, 2012, borrowings under the Asset - Based Revolving Credit Facility bore interest at a rate per annum equal to, at NMG's option, either (a) a base rate determined by reference to the highest of (i) a defined prime rate, (ii) the federal funds effective rate plus 1/2 of 1.00 % or (iii) a one - month LIBOR rate plus 1.00 % or (b) a LIBOR rate, subject to certain adjustments, in each case plus an applicable margin.

At April 27, 2013, borrowings under the Asset - Based Revolving Credit Facility bore interest at a rate per annum equal to, at NMG's option, either (a) a base rate determined by reference to the highest of (i) a defined prime rate, (ii) the federal funds effective rate plus 1/2 of 1.00 % or (iii) a one - month LIBOR rate plus 1.00 % or (b) a LIBOR rate, subject to certain adjustments, in each case plus an applicable margin.

The restricted stock was purchased in exchange for promissory notes («Notes») that accrue interest at rates ranging from 0.89 % to 2.89 % annually, with interest payable annually.

Borrowings under the refinanced Term Loan bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.0 %.

You also must maintain an account balance of $ 250 to earn interest at that rate.

Each note was unsecured, accrued interest at the rate of the applicable federal rate in the month in which the loan was made, and allowed for repayment at any time.

These convertible notes payable were secured by all of our personal and intellectual property, and accrued interest at a rate of 10 % per annum.

The note was unsecured, accrued interest at the rate of the applicable federal rate in the month in which the loan was made, and allowed for repayment at any time.

Borrowings under the refinanced Credit Facility bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 % for the Term Loan only) plus 3.75 % per annum or (b) 2.75 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.0 %.

The interest rate was revised such that borrowings under the refinanced Term Loan bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.0 %.

«Insist on paying interest at a rate of at least what your family member / friend would earn if he put the money in a high - yield savings account,» Dearing suggests.

By way of example, if you are accruing interest at the rate of $ 600 / month, and your REPAYE payment is only $ 100 / month, you'll only accrue $ 250 / month in interest, which is 50 % of the full $ 500 difference between the accruing interest and your payment.

The park district lowered the price to nearly $ 900,000 and then $ 690,000 a few months after that but didn't receive any interest at those rates either, Curran said.

Even if there's no real interest, it shouldn't be an issue (the IRS might assign some «deemed» interest at their rates that would be considered a gift, but assuming no other gift transactions between you exist for the year the amount would be miniscule and way below the $ 14K exclusion level).

These pay interest at rates that vary with the Prime Rate.

As a result of the failure to make the required payment, ACLS must pay the entire overdue amount, plus interest at a rate of 8.0 % per annum, plus certain additional costs and expenses associated with the collection of such amounts.

With an offset account you can have instant access to a lot of cash which is effectively earning you interest at a rate equal to your mortgage interest rate untaxed.

If a judgment is obtained against M Company, it will negatively affect M Company's ability to get credit, M Company will be ordered to pay court costs, and M Company will incur interest at a rate of 10 % per annum.

If it is more than 10,000 you have to pay a penal interest at the rate of 1 % per month.

Anyone who is paying interest at these rates is essentially paying for nothing, other than accelerated gratification which they've not earned.

Meanwhile, money left in the bucket earns interest at a rate declared by the company.

Other fixed annuities also credit interest at rates set from time to time by the insurance company.

During the grace period, funds can be withdrawn without penalty and will earn interest at the rate Columbia Bank is offering on the maturity date on certificate accounts for that term.

During this period, funds can be withdrawn without penalty and will earn interest at the rate Columbia is offering on the maturity date on certificates for that term.

Suppose there's a bond that pays out interest at a rate of 9 per cent a year.

The idea behind them is that their cash - value component accumulates interest at a rate tied to market indexes.

The note bore interest at the rate of 7.5 percent per annum on the unpaid balance.

So if you can combine the confidence boost of making tangible progress with the new additional financial amunition, you actually are not coming out behind because you now can pay off the higher interest at a rate faster than you could if you had not paid off the smaller balance first.

«If your invoices are charging interest at a rate of two - per - cent per month, the courts won't enforce that.

The registrar must also (per s. 73 (3)[of the Legal Profession Act]-RRB- add interest at the rate provided in the agreement and accordingly interest was recoverable by the lawyer as claimed in the sum of $ 11,977.02 in keeping with the terms of the contingency fee agreement.

And on consumer lawsuit lending, which is a growing business across the country, the lender may charge interest at a rate of no more than 18 percent per year, the consumer may prepay the transaction at any time, and lender may not charge fees of more than $ 360 per year

It will earn interest at the rates set out in the SAR, subject to minimum amounts and time periods.

The appeals court kicked the case back to Leon to recalculate the amount, ordering Iran to pay simple interest at a rate of 9 percent.

The Government have also confirmed that eligible applicants will also be entitled to receive interest at the rate of 0.5 % on their reimbursed Employment Tribunal fees, calculated from the date of the original payment up until the refund date.

The corporation's by - law provided that all arrears would bear interest at the rate of 30 % above prime, compounded monthly.

Furthermore, she was awarded pre-judgment interest at a rate of 2.5 percent for seven years.

The cash value earns interest at a rate determined by the insurer and that rate is subject to fluctuation based on market conditions.

Incase of delay in the payment, company is liable to pay interest at a rate which is lower 2 % above Bank rate prevalent at the beginning of the financial year.

One particularly popular loophole is when estates use grantor retained annuity trusts (GRATs) to transfer property tax free: «The estate owner puts money into a trust designed to repay the estate the initial amount plus interest at a rate set by the Treasury, typically over two years.

You can take out a loan against your policy and pay it back with interest at a rate that's generally lower than a bank loan.

Another dividend payment option is to leave the money with the life insurance company, earning interest at a rate set by the insurer.

The latter option will earn interest at the rate of 4 % pa over 5 or 10 years, a specified.

In case of delay in the payment, the company shall be liable to pay interest at a rate, which is at a rate of 2 % above bank rate prevalent at the beginning of the financial year in which the claim is reviewed by Universal Sompo.

If you do the simple maths, it means that you will be getting interest at a rate of 5 % Tax free only.

Under settlement option, maturity benefits can also be taken as installments spread over a period of 5 years with an addition of interest at a rate approved by IRDAI.

Nominee can also choose to receive the death proceeds in installments over a period of five years with an addition of interest at a rate approved by IRDAI.

A support obligation or any portion of a support obligation, which becomes due, and remains unpaid for 30 days or more shall accrue simple interest at the rate of 9 % per annum.

Under existing law, a party desiring to redeem property sold to the state for unpaid taxes is required to pay the amount for which the property was sold, the amount of all taxes due on the property since the date of sale, plus interest at a rate of 12 percent.

With respect to rental deposits, Section 7 - 103 (2 - a) of the General Obligations Law provides that where money is deposited regarding rental property containing six or more family dwelling units, the deposits shall be in an interest bearing account in a banking organization within the state which shall earn interest at a rate which shall be the prevailing rate earned by other such deposits made with banking organizations in such area.

The loan bears interest at the rate of LIBOR plus 350 basis points, which results in an initial interest rate of 7.08 %.