Applicable Distribution Rate definition

Applicable Distribution Rate means 9% per annum.

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Applicable Distribution Rate means 8% per annum.

Applicable Distribution Rate means the Fixed Distribution Rate or the Floating Distribution Rate, as applicable.

Examples of Applicable Distribution Rate in a sentence

If the Preferred Base Amount or the Compounded Return is reduced by any redemption or repurchase of a Class P Unit pursuant to Section 4 or Section 5 or pursuant to an RP Election (collectively, “Prior Preferred Redemptions”) made between Distribution Payment Dates, from such date of payment the Preferred Return shall accrue at the Applicable Distribution Rate on the basis of such reduced sum of the Preferred Base Amount and Compounded Return.
The Applicable Distribution Rate will be set for the first monthly distribution following the Scheduled Maturity Date of the ICONs on May 25, 2047, and the applicable Distribution Rate for each monthly Distribution after the first monthly distribution, will be determined on the “LIBOR Determination Date” (each such date, an “Interest Reset Date”).
The Applicable Distribution Rate will be set for the first monthly distribution following the Scheduled Maturity Date of the Junior Subordinated Debt Securities on September 15, 2047, and the applicable Distribution Rate for each monthly Distribution after the first monthly distribution, will be determined on the “LIBOR Determination Date” (each such date, an “Interest Reset Date”).
The Applicable Distribution Rate will be set for the first monthly distribution following the Scheduled Maturity Date of the ICONs on November 15, 2036, and the applicable Distribution Rate for each monthly Distribution after the first monthly distribution, will be determined on the "LIBOR Determination Date" (each such date, an "Interest Reset Date").
At all times, the interest rate payable on the Debentures pursuant to Section 4.01(c) of the Indenture shall equal the Applicable Distribution Rate.

More Definitions of Applicable Distribution Rate

Applicable Distribution Rate means (i) 7.875% in the absence of a Distribution Default, a Covenant Default or a REIT Default, (ii) 9.50% for so long as a Distribution Default or a Covenant Default (each in the absence of a REIT Default) has occurred and is continuing, (iii) 12.15% for so long as a REIT Default has occurred and is continuing and (iv) 14.62% for so long as a REIT Default and either a Distribution Default or Covenant Default (or both) has occurred and is continuing. Upon the cure of any Distribution Default, Covenant Default or REIT Default, the Applicable Distribution Rate shall revert back to the rate set forth in clause (i) above.

Applicable Distribution Rate means, subject to the immediately following sentence, with respect to each full Distribution Period, an interest rate per annum equal to the product of (x) the sum of (a) LIBOR, determined as of the Determination Date immediately preceding the commencement of such Distribution Period, plus (b) 90 basis points (0.90%) divided by (y) four (4). With respect to any Distribution Period following, and during the continuance of, a failure on the part of the Partnership to redeem any Series G-3 Preferred Unit called for redemption pursuant to Section 2D hereof or noticed or tendered for redemption pursuant to Section 2E hereof, the Applicable Distribution Rate with respect to all Series G-3 Preferred Units shall be an interest rate per annum equal to the product of (x) the sum of (a) LIBOR, determined as of the Determination Date immediately preceding the commencement of such Distribution Period, plus (b) 240 basis points (2.40%) divided by (y) four (4). For the initial Distribution Period, or any other period shorter or longer than a full Distribution Period, the Applicable Distribution Rate shall be computed on the basis of twelve 30-day months and a 360-day year.

Applicable Distribution Rate means the greater of (i) the Prime Rate plus 250 basis points (2 -½ %) and (ii) 6% per annum.

Applicable Distribution Rate has the meaning specified in Section 7.2.