Applicable Rates. The interest rate applicable to each series of Permanent Notes shall at all times be the Permanent Rate for such series. From the Issue Date until the applicable Reset Date, the interest rate applicable to each series of Reset Notes shall be the Initial Rate for such series. On and after the applicable Reset Date, the interest rate applicable to each series of Reset Notes shall be the Reset Rate for such series.
Appears in 2 contracts
Sources: Business Combination Agreement (Metropcs Communications Inc), Business Combination Agreement (Metropcs Communications Inc)