ARBI definition

ARBI means the rate calculated as a percentage (the "ARBI Percent") of the FNBB Base Rate, which is announced by FNBB from time to time, as the annual rate of interest which, in FNBB's sole judgment, will result in the minimum yield attainable on tax-exempt adjustable-rate bonds supported by FNBB's Letter of Credit or a Substitute Credit Facility (as defined in the Agreement). ARBI shall change as and when the FNBB Base Rate changes, provided that (a) ARBI shall not be lower on any day during any Variable Rate Interest Period than on the first Wednesday of such Interest Period, and (b) changes in the FNBB Base Rate of which the Trustee is given notice after the last Wednesday in any Variable Rate Interest Period shall become effective on the first Wednesday of the next succeeding Variable Rate Interest Period. Changes in ARBI which result from a change in the ARBI Percent shall become effective with respect to a Variable Rate Interest Period only if the Trustee and each Bondholder is given notice of such change in the ARBI Percent at least seven days prior to the first Wednesday of such Variable Rate Interest Period. Changes in the FNBB Base Rate and ARBI Percent shall be communicated by the Bank to the Trustee, the Depositary and the Remarketing Agent promptly after they are announced [ ] in accordance with the Agreement (each such date being herein referred to as a "Fixed Period Interest Payment Date"). Notwithstanding anything herein contained to the contrary, the interest rate on this Bond shall be established at a fixed rate (the "Fixed Rate") upon the election by the Borrower to exercise its Option to Convert (as hereinafter defined) on such date which is a business day as the Borrower shall select, subject to the terms and conditions of the 7 48 Agreement. Following such
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ARBI means the rate, calculated as a percentage (the "ARBI Percent") of the FNBB Base Rate, which is announced by FNBB from time to time, as the annual rate of interest which, in FNBB's sole judgment, will result in the minimum yield attainable on tax-exempt adjustable-rate bonds supported by FNBB's letter of credit or a Substitute Credit Facility. ARBI shall change as and when the FNBB Base Rate changes, provided that (a) ARBI shall not be lower on any day during any Variable Rate Interest Period than on the first Wednesday of such Interest Period, and (b) changes in the FNBB Base Rate of which the Trustee is given notice after the last Wednesday in any Variable Rate Interest Period shall become effective on the first Wednesday of the next succeeding Variable Rate Interest Period. Changes in ARBI which result from a change in the ARBI Percent shall become effective with respect to a Variable Rate Interest Period only if the Trustee and each Bondholder is given notice of such change in the ARBI percent at least seven days prior to the first Wednesday of such Variable Rate Interest Period. Changes in the FNBB Base Rate and ARBI
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Examples of ARBI in a sentence

  • EXCEPT AS STATED BELOW, ANY DISPUTE BETWEEN YOU AND ANY OF US SHALL BE DECIDED BY NEUTRAL, BINDING ARBI- TRATION RATHER THAN IN COURT OR BY JURY TRIAL.

  • IF A DISPUTE IS ARBI- TRATED, YOU AND WE EXPRESSLY WAIVE ANY RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON ANY CLASS CLAIM YOU MAY HAVE AGAINST US OR WE AGAINST YOU, OR AS A PRIVATE ATTORNEY GENERAL OR IN ANY OTHER REPRESENTA- TIVE CAPACITY, TO THE MAXIMUM EXTENT PERMITTED BY LAW.

  • IN AGREEING TO BINDING ARBI- TRATION, YOU VOLUNTARILY GIVE UP IMPORTANT CONSTITUTIONAL RIGHTS TO TRIAL BY JUDGE OR JURY, AS WELL AS RIGHTS TO APPEAL.

  • IF A DISPUTE IS ARBI- TRATED, YOU AND WE EXPRESSLY WAIVE ANY RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON ANY CLASS CLAIM YOU MAY HAVE AGAINST US OR WE AGAINST YOU, OR AS A PRIVATE ATTORNEY GENERAL OR IN ANY OTHER REPRESENTA- TIVE CAPACITY, TO THE MAXIMIMUM EXTENT PERMIT- ▇▇▇ BY LAW.

  • YOU AND WE ALSO WAIVE ANY RIGHT TO PARTICIPATE IN ANY CLASS OR REPRESENTATIVE ACTION IN ANY FORM, INCLUDING ANY CLASS ARBI- TRATION, OR ANY CONSOLIDATION OF INDIVIDUAL ARBITRATIONS.

  • THE ARBITRATION SHALL BE CONDUCTED BY A SINGLE ARBITRATOR WHO SHALL BE A RETIRED CALIFORNIA SUPERIOR COURT JUDGE SELECTED IN ACCORDANCE WITH THE ARBITRATION RULES FROM JAMS’ PANEL OF LOS ANGELES, CALIFORNIA ARBI- TRATORS.

  • ARBI TRATI ON In the event of any dispute or difference arising between both parties either during the performance of the contract, relating to this contract, the parties shall endeavour to mutually settle the dispute, or, failing agreement; then such dispute shall be referred to an Arbitrator to be appointed in accordance w ith the Arbitration and conciliation Act.

  • THE ARBITRATOR SHALL AWARD TO THE PREVAILING PARTY ITS REASONABLE ATTORNEYS' FEES AND COSTS AND OTHER EXPENSES INCURRED IN THE ARBITRATION, EXCEPT THE PARTIES SHALL SHARE EQUALLY THE FEES AND EXPENSES OF THE ARBI- TRATOR.

  • HOWEVER, PRIOR TO ARBI- TRATION ALL APPLICABLE AKC BYLAWS, RULES, REGULATIONS AND PROCEDURES MUST FIRST BE FOLLOWED AS SET FORTH IN THE AKC CHARTER AND BYLAWS, RULES, REGULATIONS, PUBLISHED POLICIES AND GUIDELINES.

  • FAILING SETTLEMENT UNDER THE FOREGOING PROCEDURE OF ANY GRIEVANCE BETWEEN THE PARTIES, ARISING FROM THE INTERPRETA- TION, APPLICATION, OR ALLEGED VIOLATION OF THIS AGREEMENT, INCLUDING ANY QUESTION AS TO WHETHER THE MATTER IS ARBI- TRABLE, SUCH GRIEVANCE MAY BE SUBMITTED TO AS SET FORTH IN THE ARBITRATION ARTICLE OF THIS COLLECTIVE AGREEMENT.