Applicable Premium definition

Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:
Applicable Premium means, with respect to a Note at any date of redemption, the greater of (i) 1.0% of the principal amount of such Note and (ii) the excess, if any, of (A) the present value at such date of redemption of (1) the redemption price of such Note on April 1, 2016 (such redemption price being described under this Section 5) plus (2) all remaining required interest payments due on such Note through April 1, 2016 (excluding accrued but unpaid interest to the date of redemption), computed using a discount rate equal to the Treasury Rate plus 50 basis points, over (B) the then-Outstanding principal amount of such Note.
Applicable Premium means, with respect to a Note at any Redemption Date, the greater of: (i) 4.0% of the principal amount of such Note; and (ii) the excess, if any, of: (A) the present value at such Redemption Date of (1) the redemption price of such Note on February 15, 2016 (such redemption price being that set forth in Section 5(a) of the Notes) plus (2) all required remaining scheduled interest payments due on such Note through February 15, 2016, computed using a discount rate equal to the Treasury Rate on such Redemption Date plus 50 basis points per annum, over (B) the principal amount of such Note. Calculation of the Applicable Premium will be made by the Issuer or on behalf of the Issuer by such Person as the Issuer shall designate; provided, however, that such calculation shall not be a duty or obligation of the Trustee.

Examples of Applicable Premium in a sentence

At any time prior to August 1, 2023, the Issuer may redeem the Notes in whole or in part, at its option, on one or more occasions, at a redemption price equal to 100.000% of the principal amount of the Notes to be redeemed plus the relevant Applicable Premium as of, and accrued and unpaid interest, if any, to but excluding, the Redemption Date, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date.

The Issuer shall determine the Applicable Premium and the Trustee shall have no duty to verify any such determination.

The Trustee shall have no duty to calculate or verify the calculation of the Applicable Premium.


More Definitions of Applicable Premium

Applicable Premium means, with respect to any Note on any applicable redemption date, as determined by the Issuer, the greater of:
Applicable Premium means the greater of (A) 1.0% of the principal amount of such Note and (B) on any redemption date, the excess (to the extent positive) of:
Applicable Premium means with respect to a Security at any redemption date the excess of (if any) (a) the present value at such redemption date of (i) the redemption price of such Security on April 15, 2022 (such redemption price being described in the second paragraph of Section 5 of the Securities, exclusive of any accrued interest) plus (ii) all required remaining scheduled interest payments due on such Security through April 15, 2022 (but excluding accrued and unpaid interest to the redemption date), computed using a discount rate equal to the Adjusted Treasury Rate, over (b) the principal amount of such Security on such redemption date.
Applicable Premium means, with respect to any Security on any applicable redemption date, the greater of:
Applicable Premium means, as determined by the Company, with respect to any Note on any Redemption Date, the greater of: (i) 1.0% of the principal amount of the Note, or (ii) the excess of: (a) the present value at such Redemption Date of (A) the Redemption Price of the Note at August 15, 2016 (such Redemption Price being set forth in the table appearing in Section 3.08), plus (B) all remaining required interest payments due on the Note through August 15, 2016 (excluding accrued but unpaid interest to the Redemption Date), computed using a discount rate equal to the Treasury Rate as of such date of redemption plus 50 basis points; over (b) the principal amount of the Note.
Applicable Premium means, with respect to a Security at any time, the greater of (1) 1.0% of the principal amount of such Security at such time and (2) the excess of (A) the present value at such time of (i) the redemption price of such Security at February 1, 2007 (such redemption price being described in the second paragraph of this paragraph 5 above, exclusive of any accrued interest) plus (ii) any required interest payments due on such Security through February 1, 2007, computed using a discount rate equal to the Treasury Rate plus 50 basis points, over (B) the principal amount of such Security.
Applicable Premium means, as calculated by the Company and provided to the Trustee, with respect to any Note on any redemption date, the greater of: