Examples of Applicable Fixed Rate in a sentence
Subject to Sections 2.4(d) and 2.4(h), Fixed Rate Portions shall bear interest on the unpaid principal amount thereof during the Fixed Rate Period applicable thereto at a rate per annum equal to the sum of the Fixed Rate for such Fixed Rate Period plus the Applicable Fixed Rate Margin.
Subject to the provisions of subsection (c) below, each Fixed Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Applicable Fixed Rate for such Interest Period.
Subject to the other provisions of this Clause, the rate of interest on each Loan for an Interest Period is the Applicable Fixed Rate per annum.
At any time prior to December 1, 2010, the Notes may also be redeemed by the Issuers or any other Person designated by the Issuers in whole but not in part, at the Issuers’ option, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Fixed Rate Premium as of, and accrued but unpaid interest, if any, to the date of redemption.
Notwithstanding the foregoing, (1) the holders of the Bonds shall have no right to exercise a Demand Purchase Option described herein if (a) there shall have occurred and be continuing an Event of Default under the Indenture, or (b) the Applicable Fixed Rate is in effect for the Bonds being held by such Bondholder; and (2) the holder of a Bond has no right to exercise a Demand Purchase Option with respect to those Bonds for which a notice of redemption has been mailed by the Trustee.