Maximum Bond Interest Rate definition

Maximum Bond Interest Rate means (a) with respect to Bonds other than ARS the lesser of 12% per annum and the Maximum Lawful Rate and (b) with respect to ARS, the lesser of 15% per annum and the Maximum Lawful Rate, in each case calculated in the same manner as interest is calculated for the particular interest rate on the Bonds.

Maximum Bond Interest Rate. With respect to each class of (1) Group 1 Bonds, 11.00% per annum and (2) Group 2 Bonds, 10.25% per annum.

Maximum Bond Interest Rate. With respect to each Class of Bonds, 11.25% per annum.

Examples of Maximum Bond Interest Rate in a sentence

• Maximum Bond Interest Rate means with respect to Bonds of a Series the lesser of 12% per annum and the maximum rate of interest on the relevant obligation permitted by applicable law.

• It shows that 1 percent rise in RGDP and INFRAwill lead to 0.72 percent and 0.004 percent rise respectively in FTA_15.Table 5Normalized Co-Integrating Coefficients *Significant at 5% level** Significant at 10% levelError correction speed between the FTA_15 and other chosen variables is shown in table 6.

• A Liquidity Facility, in an amount equal to the sum ofoutstanding principal and interest calculated at the Maximum Bond Interest Rate for 34 days, or such other amount as may be approved by the Bond Insurer and the rating agencies then rating the Bonds, shall be maintained by the Issuer for Bonds bearing interest at the Weekly Interest Rate, the Daily Interest Rate or Bond Interest Term Rates and, if and to the extent that the Issuer shall elect, for Bonds bearing interest at the Long-Term Interest Rate.

• No Bonds shall, at any time, bear interest in excess of the Maximum Bond Interest Rate, except that the interest rate paid by the Issuer on Bank Bonds pursuant to any Liquidity Facility or agreement providing for aLiquidity Facility shall not exceed the Maximum Bank Bond Interest Rate.

• No Series 2007 Bond shall, at any time, bear interest in excess of the Maximum Bond Interest Rate, except that, as provided in Section 28.04(K) hereof, the interest rate paid by the District on Bank Bonds pursuant to any Liquidity Facility or agreement providing for a Liquidity Facility shall not exceed the Maximum Bank Bond Interest Rate.

More Definitions of Maximum Bond Interest Rate

Maximum Bond Interest Rate. Assumption",

Maximum Bond Interest Rate means the lesser of 12% per annum and the Maximum Lawful Rate.

Maximum Bond Interest Rate. With respect to each class of (1) Group 1 --------------------------- Bonds and Group 2 Bonds, 11.00% per annum and (2) Group 3 Bonds, 10.25% per annum.

Maximum Bond Interest Rate means 12% per annum calculated in the same manner as interest is calculated for the particular interest rate on the Series 2021A Refunding Bonds.

Maximum Bond Interest Rate means the least of (a) the rate of 12% (or such lesser rate as may be provided in the Liquidity Facility) per annum calculated in the same manner as interest is calculated for the particular interest rate on the Series 2007 Bonds of a Series (other than Bank Bonds), (b) with respect to any maturity of the Series 2007 Bonds of a Series, the rate specified as the Maximum Bond Interest Rate for such maturity of the Series 2007 Bonds of such Series as set forth in an Order of the District delivered to the Trustee as of the Conversion Date of such Series 2007 Bonds of a Series and (c) the Maximum Lawful Rate.

Maximum Bond Interest Rate means the maximum rate applicable to Bonds which are not Bank Bonds as provided in the Bond Legislation.

Maximum Bond Interest Rate means for Bonds other than Bonds at the Auction Period Rate, the lesser of (i) with respect to Weekly Rate Bonds, in the event any Liquidity Facility is then in effect, the rate supportable by the interest component of that Liquidity Facility (initially % per annum) for the period required by the Rating Agency (initially days) to obtain a rating on the Weekly Rate Bonds equal to the applicable rating of the Liquidity Facility Provider; and (ii) 15% per annum; and (iii) the maximum rate of interest on the relevant obligation permitted by applicable law, calculated in the same manner as interest is calculated for the particular interest rate on the Bonds.