Adjusted Interest Rate definition
Adjusted Interest Rate is defined in Section 1.2(e).
Adjusted Interest Rate means, with respect to any Reset Transaction, the rate per annum that is the arithmetic average of the rates quoted by two Reference Dealers selected by the Company or its successor as the rate at which interest on the Securities should accrue so that the fair market value, expressed in dollars, of a Security immediately after the later of:
Adjusted Interest Rate shall, with respect to any Note, have the meaning assigned to such term in the Mortgage Loan Agreement.
Examples of Adjusted Interest Rate in a sentence
For the avoidance of doubt, the Below Investment Grade Adjusted Interest Rate shall not apply unless and until a Below Investment Grade Event has occurred.
More Definitions of Adjusted Interest Rate
Adjusted Interest Rate means the interest rate per annum which is 1.00% above the stated rate of the Notes.
Adjusted Interest Rate means, with respect to any Reset Transaction, the rate per annum that is the arithmetic average of the rates quoted by two Reference Dealers selected by the Company or its successor as the rate at which interest on the Debentures should accrue so that the fair market value, expressed in dollars, of a Debenture immediately after the later of:
Adjusted Interest Rate. (i) With respect to any Note, as defined in the Mortgage Loan Agreement; (ii) with respect to the Trust Loan, the weighted average of the Adjusted Interest Rates for the Trust Notes (weighted based on the respective principal balances of the Trust Notes) (the “Trust Loan Adjusted Interest Rate”), and (iii) with respect to the Mortgage Loan, the weighted average of the Adjusted Interest Rates for the Notes (weighted based on the respective principal balances of the Notes) (the “Mortgage Loan Adjusted Interest Rate”).
Adjusted Interest Rate means the interest rate on the Notes shall be the rate per annum which is 0.75% above the stated rate of such Notes. The Adjusted Interest Rate with respect to the Notes shall be 6.00% per annum.
Adjusted Interest Rate as defined in Subsection 2.8(d)(v).
Adjusted Interest Rate means the rate of interest per annum equal to the sum obtained by multiplying the Applicable Factor by the sum of (x) the Benchmark and (y) the Margin, which shall be adjusted monthly on the first day of each Interest Period; provided, however, upon a determination by the Lender that the Bond is not a “qualified tax-exempt obligation” within the meaning of Section 265(b)(3) of the Code (or any successor provision) then from and after the date on which the Bond is not a “qualified tax-exempt obligation” the interest rate shall be established at a rate equal to the Benchmark plus the Margin.
Adjusted Interest Rate means, the stated interest rate on the Notes increased by 100 basis points (1.00%) to (a) 5.98% per annum in the case of the Series A Notes, (b) 6.32% per annum in the case of the Series B Notes, and (c) 6.82% per annum in the case of the Series C Notes.