Balance Funded Rate definition

Balance Funded Rate means with respect to:

Balance Funded Rate means, for Warehousing Advances made by any Lender that is a party to a Balance Funded Agreement, the applicable rate set forth Exhibit H.

Balance Funded Rate means a per annum rate equal to the LIBOR Margin plus 0.20%.

Examples of Balance Funded Rate in a sentence

• A Balance Funded Rate Segment consisting of any portion of a Gestation Loan Tranche shall bear interest at the rate of 0.65% per annum.

• A Balance Funded Rate may only be selected where a Buyer is holding Qualifying Balances and shall only be applicable to such Buyer.

• Each Lender's Loans (exclusive of any past due principal) from time to time outstanding shall bear interest on each day outstanding at the Applicable Rate in effect on such day; provided, however, that the portion of such Lender's Loans which is equal to the Balance Funded Amount for such Lender computed for the immediately preceding Balance Calculation Period, shall bear interest on each day outstanding at the Balance Funded Rate.

• Upon the giving of such Notice, the obligation of such Lender to charge interest at the Balance Funded Rate based on Borrowers’ Eligible Balances shall be immediately suspended for the duration of such illegality and with respect to Advances bearing interest at the Balance Funded Rate, each such Advance of such Lender shall bear interest at the applicable Interest Rate described in Exhibit H.

• Upon the giving of such Notice, the obligation of such Lender to charge interest at the Balance Funded Rate based on Borrowers' Eligible Balances shall be immediately suspended for the duration of such illegality and with respect to Advances bearing interest at the Balance Funded Rate, each such Advance of such Lender shall bear interest at the applicable Interest Rate described in Exhibit H.

More Definitions of Balance Funded Rate

Balance Funded Rate means the rate specified in Section 1.03(a)(i)(A)(2), 1.03(a)(i)(B)(2) or 1.03(a)(i)(C)(2), as the case may be. The Balance Funded Rate shall be computed on a daily basis unless the Borrower and any Bank agree to compute the Balance Funded Rate applicable to such Bank's Loans on a basis other than a daily basis.

Balance Funded Rate means a fixed rate per annum of four and one-quarter percent (4.25%).

Balance Funded Rate means, for any Advance, the Balance Funded Rate specified for that Advance in Exhibit H.

Balance Funded Rate means a rate of 0.825% per annum.

Balance Funded Rate means 4.00% per annum.

Balance Funded Rate. 2.65% per annum.

Balance Funded Rate means three and three-quarters percent (3.75%) per annum.