Adjustable Rate Notes definition
Examples of Adjustable Rate Notes in a sentence
This Security is one of a duly authorized issue of Securities of the Company designated as its Senior Subordinated Adjustable Rate Notes (the "Securities"), issued under an Indenture dated as of _______________, 2002 (together with any supplemental indentures thereto, the "Indenture"), between the Company and the Trustee.
The Securities shall be known and designated as the Senior Subordinated Adjustable Rate Notes of the Company.
On the Business Day preceding each Payment Date, the Indenture Trustee shall notify the Swap Contract Administrator of any amounts distributable to the Adjustable Rate Notes pursuant to Section 4.02(d)(iii) through (viii) that will remain unpaid following all distributions to be made on such Payment Date pursuant to Section 4.02(a) through (c).
In connection with such filing, the Issuer agrees that it shall cause to be filed all necessary continuation statements thereof and to take or cause to be taken such actions and execute such documents as are necessary to perfect and protect the Indenture Trustee's interest in the Trust Estate on behalf of the Owners of the Adjustable Rate Notes.
In the event the Notes are Adjustable Rate Notes, for periods in which the interest rate has not been determined, a rate equal to the maximum rate such Notes may bear shall be assumed.
The Issuer proposes to issue its $5,000,000 principal amount of Taxable Adjustable Rate Notes, Series 2006 (the “Notes”).
Simultaneously with the release of any Subsidiary's Guaranty of the Company's obligations under the Fleet/Chase Debt Facility, such Subsidiary's Guaranty of the Notes shall be deemed to have been released, it being understood that such Subsidiary's Guaranties of the Company's obligations under the Subordinated Notes and the Adjustable Rate Notes shall be released at the same time.
T-C Life will authorize the issue and sale of $100,000,000 aggregate principal amount (the “Aggregate Facility Amount”) of its Unsecured Adjustable Rate Notes (the “Notes”).
Accrued interest is payable on the Fixed Rate Notes, but no accrued interest will be payable on the Adjustable Rate Notes, each of which shall be dated their date of delivery.
The undersigned hereby certifies that the Transferee has become successor Trustee under the Trust Indenture dated as of ______________ ______, between the undersigned and Aerovox Incorporated (the "Borrower") relating to the Borrower's $10,170,000 Taxable Adjustable Rate Notes, Series 2000, and has accepted such appointment in writing.