CERTAIN INTEREST RATES Sample Clauses

CERTAIN INTEREST RATES. (a) Section 2.04 and all previous amendments thereto of the Loan Agreement is amended to read in its entirety as follows:

CERTAIN INTEREST RATES. Interest rates will be determined as follows for Variable Rate Bonds, Term Rate Bonds and Credit Provider Bonds. (i) For Variable Rate Bonds, the interest rate for any Variable Rate Period will be the rate established by the Remarketing Agent on the first day of such Variable Rate Period which is the minimum rate of interest necessary, in the best professional judgment of the Remarketing Agent taking into account prevailing market conditions, to enable the Remarketing Agent to remarket all of the Variable Rate Bonds in the secondary market on the date such rate is set at a price equal to 100% of the principal amount thereof, plus accrued interest, if any. (ii) For Term Rate Bonds, the interest rate for any Term Rate Period will be the rate established by the Remarketing Agent on the first day of such Term Rate Period which is the minimum fixed interest rate necessary, in the best professional judgment of the Remarketing Agent, taking into account prevailing market conditions, to enable the Remarketing Agent to remarket all of the Term Raw Bonds in the secondary market on the date such rate is set at a price equal to 100 % of the principal amount thereof, plus accrued interest, if any. (iii) Only Credit Provider Bonds will bear interest at the Credit Provider Rate. The Credit Provider will calculate the Credit Provider Rate in accordance with the Reimbursement Agreement and notify the Trustee and the Paying Agent of the Credit Provider Rate (iv) In no event shall the interest rate on the Bonds (whether Variable Rate Bonds, Term Rate Bonds or Credit Provider Bonds) exceed the Maximum Rate.