Fixed Rate Certificate definition

Fixed Rate Certificate. A Certificate that provides for a payment of interest at a Fixed Pass-Through Rate.

Fixed Rate Certificate means either a certificate of (a) a Responsible Officer or (b) any Term Loan Lender certifying that the Fixed Rate Modification Event has occurred.

Fixed Rate Certificate. Any of the Class A-1 Certificates or the Class A-2 Certificates.

Examples of Fixed Rate Certificate in a sentence

• Each Fixed Rate Certificate bears profit on its outstanding face amount from the Profit Commencement Date at the rate per annum (expressed as a percentage) equal to the Profit Rate, such profit being payable in arrear on each Periodic Distribution Date.

• For Fixed Rate Certificate Accounts the dividend rate and annual percentage yield are fixed and will be in effect for the term of the account.

• Fixed Rate Certificates: Each Fixed Rate Certificate bears profit on its outstanding face amount from the Profit Commencement Date at the rate per annum (expressed as a percentage) equal to the Profit Rate, such profit being payable in arrear on each Periodic Distribution Date.

• The minimum balance for a Fixed Rate Certificate Account is $500.

• Dividend rates for Fixed Rate Certificate Accounts are established by ALCO.

More Definitions of Fixed Rate Certificate

Fixed Rate Certificate. A Certificate that provides for a payment of interest at a Fixed Certificate Rate.

Fixed Rate Certificate. Not applicable.

Fixed Rate Certificate. As specified in the Preliminary Statement.

Fixed Rate Certificate. A Multi-Class Certificate on which interest accrues at the fixed rate specified in Section 1.05 and in such Certificate for the entire term of such Certificate.

Fixed Rate Certificate. Any Class B1, Class B2 or Class B3 Certificate.

Fixed Rate Certificate. (aa) “Floating Pass Through Rate”;

Fixed Rate Certificate means a Certificate issued with a fixed rate interest payment obligation and with a Tenor of not less than 7 days and not more than 10 years* in or substantially in the form of Schedule 1, if a Global Certificate, or the Annex to Schedule 1, if a Definitive Certificate, as the case may be (with such changes as the Issuer and the relevant Agent(s) and Dealer(s) may agree in writing);