Annual Rate Period definition

Annual Rate Period means the period beginning on, and including, the Conversion Date to the Annual Rate and ending on, and including, the day next preceding the second Interest Payment Date thereafter, and each successive twelve-month period (or portion thereof) thereafter until the day preceding the earlier of the Conversion to a different Interest Rate Mode or the maturity of the Bonds.
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Annual Rate Period means the period beginning on, and including, any June 1 (or, if not a Business Day, on the next succeeding Business Day) and ending on, and including, the next May 31, except that in the event of Conversion to Annual Rate Bonds, the first "Annual Rate Period" means the period beginning on, and including, the Conversion Date and ending on, and including, the next succeeding May 31.
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Annual Rate Period means, with respect to each Bond that bears interest at an Annual Rate, (a) the period from and including the effective date of any change to the Annual Rate Mode
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Examples of Annual Rate Period in a sentence

  • Whenever the Interest Rate Mode for the Bonds is the Annual Rate, the Bonds will be subject to redemption at the option of the Issuer, upon the written direction of the Company, in whole or in part, at a redemption price of 100% of the principal amount thereof on the final Interest Payment Date for each Annual Rate Period.

  • The Guaranteed Interest Rate to be credited to the Guaranteed Interest Account during any Rate Period will be at a rate not less than the Minimum Annual Interest Rate in effect during such Annual Rate Period and the Minimum Annual Interest Rate in effect during any Annual Rate Period will not be less than the Agreement Minimum Interest Rate.

  • MassMutual will provide the Investor with Effective Communication of: (1) the Guaranteed Interest Rate for each Rate Period following the initial Rate Period at least thirty days prior to the beginning of such Rate Period; and (2) the Minimum Annual Interest Rate for each Annual Rate Period following the initial Annual Rate Period at least thirty days prior to the beginning of such Annual Rate Period.

  • Period NominalAnnual Rate PeriodNominal Annual Rate Period National Government bonds received by financial institutions as compensation for the asymmetric conversion into pesos, according to Chapter VI, section 28 and 29 of Decree 905/02 – “National Government Bonds in pesos 2% 2007” and/or “National Government Bonds in dollars Libor 2012”- may be registered at their technical value.

  • Whenever the Interest Rate Mode is the Annual Rate, this Bond shall be subject to optional redemption, in whole or in part, at a redemption price of 100% of the principal amount hereof on the final Interest Payment Date for each Annual Rate Period.

  • PeriodNominalAnnual Rate PeriodNominal Annual Rate Period Nominal Annual RateMarch – Dec./033,00 %October/05February/05 National Government bonds received by financial institutions as compensation for the asymmetric conversion into pesos, according to Chapter VI, section 28 and 29 of Decree 905/02 – “National Government Bonds in pesos 2% 2007” and/or “National Government Bonds in dollars Libor 2012”- may be registered at their technical value.

  • PeriodNominalAnnual Rate PeriodNominal Annual Rate Period National Government bonds received by financial institutions as compensation for the asymmetric conversion into pesos, according to Chapter VI, section 28 and 29 of Decree 905/02 – “National Government Bonds in pesos 2% 2007” and/or “National Government Bonds in dollars Libor 2012”- may be registered at their technical value.

  • PeriodNominalAnnual Rate PeriodNominal Annual Rate Period Nominal Annual RateMarch – Dec./033,00 %October/05July/05 National Government bonds received by financial institutions as compensation for the asymmetric conversion into pesos, according to Chapter VI, section 28 and 29 of Decree 905/02 – “National Government Bonds in pesos 2% 2007” and/or “National Government Bonds in dollars Libor 2012”- may be registered at their technical value.

  • Carry each diatometer to the riverbank and place it upright on a stable surface.

  • On each Annual Rate Determination Date, of the Annual Rate for each Bond which bears interest at an Annual Rate for the next Annual Rate Period; and 9.

Related to Annual Rate Period

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Term Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Term Rate.

  • ANNUAL RATE ADJUST: MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 74.88200 --------------------------------------------------------------- 0 0030771968 MORTGAGORS: MEDINA CLAUDIO MEDINA GINA REGION CODE ADDRESS : 13512 GREENSTONE DRIVE 01 CITY : RANCHO CUCAMONGA STATE/ZIP : CA 91739 MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT : UNPAID BALANCE : 266,825.34 ANNUAL RATE ADJUST: MONTHLY P&I : 1,982.47 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 89.89800 --------------------------------------------------------------- 0 0030772065 MORTGAGORS: GOLD NEAL REGION CODE ADDRESS : 17 GLOUCESTER STREET, UNIT#9 01 CITY : BOSTON STATE/ZIP : MA 02215 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 49.34200 --------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,489,600.00 P & I AMT: 10,876.62 UPB AMT: 1,488,891.30 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 04/01/97 P.O. BOX 5260 TMS AG0004970430 00 01 03 04 PAGE: 76 CHERRY HILL, N.J. 08034 (800) 257-7818

  • 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.

  • Weekly Rate Period means any period of time during which a Group of 2020 Series D Variable Rate Bonds bears interest at the Weekly Rate.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • 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.

  • 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.

  • Daily Rate Period means a period commencing on one Business Day and extending to, but not including, the next succeeding Business Day, during which Multi-Modal Bonds bear interest at the Daily Rate.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Annual Rate of Pay means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay shall not include sales commissions or other similar payments or awards.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Minimum Rate Period means any Rate Period consisting of 7 Rate Period Days.

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • 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.

  • Five-year U.S. Treasury Rate means, as of any Reset Interest Determination Date, as applicable, (i) an interest rate (expressed as a decimal) determined to be the per annum rate equal to the arithmetic mean of the five most recent daily yields to maturity for U.S. Treasury securities with a maturity of five years from the next Reset Date and trading in the public securities markets or (ii) if there is no such published U.S. Treasury security with a maturity of five years from the next Reset Date and trading in the public securities markets, then the rate will be determined by interpolation between the arithmetic mean of the five most recent daily yields to maturity for each of the two series of U.S. Treasury securities trading in the public securities market, (A) one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Interest Determination Date, and (B) the other maturing as close as possible to, but later than, the Reset Date following the next succeeding Reset Interest Determination Date, in each case as published in the most recent H.15. If the Five-year U.S. Treasury Rate cannot be determined pursuant to the methods described in clause (i) or (ii) above, then the Five-year U.S. Treasury Rate will be the same interest rate determined for the prior Reset Interest Determination Date or the same interest rate as the initial Interest Period, 5.875%, if prior to the First Call Date.

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Initial Rate Cap With respect to each Adjustable Rate Mortgage Loan and the initial Adjustment Date therefor, a number of percentage points per annum that is set forth in the Mortgage Loan Schedule and in the related Mortgage Note, which is the maximum amount by which the Mortgage Interest Rate for such Adjustable Rate Mortgage Loan may increase or decrease from the Mortgage Interest Rate in effect immediately prior to such Adjustment Date.

  • First Reset Period means the period from (and including) the First Reset Date until (but excluding) the Second Reset Date or, if no such Second Reset Date is specified in the applicable Final Terms, the Maturity Date;

  • Term Rate means the per annum interest rate with respect to Bonds in the Term Rate Mode determined pursuant to Section 2.09.