Adjustable Rate Reset Date definition

Adjustable Rate Reset Date means the last Business Day of each calendar month, prior to the next Interest Period.
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Adjustable Rate Reset Date means the fifteenth day of each calendar month, or the next succeeding Business Day if such day is not a Business Day, prior to the next Interest Period.
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Adjustable Rate Reset Date means an Adjustable Rate Interest Payment Date on which the Bonds begin to bear interest at a new Adjustable Rate in accordance with the terms hereof.
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Examples of Adjustable Rate Reset Date in a sentence

  • The Series [Series Designation] Bonds shall be subject to mandatory tender and purchase on each Conversion Date or Adjustable Rate Reset Date with respect to the Series [Series Designation] Bonds, as appropriate.

  • From and after each Adjustable Rate Conversion Date or Adjustable Rate Reset Date with respect to the Series [Series Designation] Bonds, the interest rate on the Series [Series Designation] Bonds shall be an Adjustable Rate as provided hereafter.

  • The Bonds shall bear interest at an Adjustable Rate from each adjustable Rate Conversion Date or each Adjustable Rate Reset Date, as appropriate, to the earlier of their redemption, maturity, the following Conversion Date, the following Adjustable Rate Reset Date or the following date on which the Bonds shall be subject to mandatory tender for purchase pursuant to Section 2.04.

  • From and after each Adjustable Rate Conversion Date or Adjustable Rate Reset Date, the interest rate on this Bond shall be an Adjustable Rate, determined as provided below and in the Indenture.

  • The Bonds shall bear interest at an Adjustable Rate from each Adjustable Rate Conversion Date or each Adjustable Rate Reset Date, as appropriate, to the earlier of their redemption or maturity, the following Conversion Date, the following Adjustable Rate Reset Date or the following date on which the Bonds shall be subject to mandatory tender for purchase pursuant to Section 2.04 hereof.

  • The Bonds of a Series shall be subject to mandatory tender and purchase on the Adjustable Rate Conversion Date or Adjustable Rate Reset Date relating to such Series of Bonds, as appropriate.

  • The Bonds of a Series are subject to mandatory tender for purchase on each Conversion Date and Adjustable Rate Reset Date relating to such Series of Bonds by the registered owners of such Bonds as set forth in the forms of Bonds contained in Section 2.03 hereof.

  • Unless the Corporation shall have complied with Section 4.05(e) of the Indenture with respect to a Conversion Date or an Adjustable Rate Reset Date with respect to the Series [Series Designation] Bonds, the Corporation shall cause to be delivered to the Trustee, on each Conversion Date or Adjustable Rate Reset Date with respect to the Series [Series Designation] Bonds, as appropriate, an Initial Series Letter of Credit which shall comply with the provisions of Section 4.05 of the Indenture.

  • Additionally, upon any Conversion Date or Adjustable Rate Reset Date with respect to the Series [Series Designation] Bonds, the Series [Series Designation] Bonds may, once again, become an Unenhanced Series.

  • From and after each Adjustable Rate Conversion Date or Adjustable Rate Reset Date, to the earlier of its maturity, redemption, the following Conversion Date, the following Adjustable Rate Reset Date or the following date on which the Bond shall be subject to mandatory tender, the interest rate on this Bond shall be an Adjustable Rate, determined as provided below and in the Indenture.


More Definitions of Adjustable Rate Reset Date

Adjustable Rate Reset Date means the last business day of each calendar month prior to the next Interest Period. "Applicable Margin" means an annual percentage equal to 4.5%.
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Adjustable Rate Reset Date means the fifteenth day of each calendar month, or the next succeeding Business Day if such day is not a Business Day, prior to the next Interim Rental Period.
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Adjustable Rate Reset Date means the last business day of each calendar month prior to the next Interest Period.
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Adjustable Rate Reset Date defined to mean the last Business Day of the calendar quarter prior to the next Payment Reset Date, unless such quarter ends less than one month prior to the next Payment Reset Date, in which case such date shall be the last Business Day of the preceding calendar quarter over the remaining originally scheduled term of this Note.
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Adjustable Rate Reset Date means an Adjustable Rate Interest Payment Date subsequent to an Adjustable Rate Conversion Date on which a Bond begins to bear interest at a new Adjustable Rate in accordance with the terms of the Indenture.
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Related to Adjustable Rate Reset Date

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.68%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Rate Period has the meaning set forth in the Statement.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.

  • Applicable Rate means a percentage per annum equal to:

  • Interest Rate Cap means the establishment of an upper limit for a variable interest rate.

  • Reference Rate means the rate specified as such hereon.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period and subject to Condition 4(b)(ii), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.