Examples of ARS Interest Payment Date in a sentence
If the ownership of the ARS is no longer maintained in book-entry form by the Securities Depository, the Auction Agent shall announce the ARS Maximum Rate on the Business Day immediately preceding each ARS Interest Payment Date after the delivery of certificates representing the ARS.
The ARS shall be subject to redemption prior to the Maturity Date by the Issuer, at the written direction of the Borrower, on the ARS Interest Payment Date immediately following an Auction Period, in whole or in part in an Authorized Denomination, at a redemption price equal to the principal amount thereof to be redeemed, plus accrued but unpaid interest to the redemption date, without premium.
The School Board shall pay to the Trustee (i) on or prior to the first Tuesday of each month, the Hedge Agreement Payment, to be disbursed by the Trustee to the Swap Provider in accordance with written instructions provided to the Trustee by the School Board and (ii) on or prior to the second Business Day preceding each ARS Interest Payment Date, the Broker-Dealer Fee and the Auction Agent Fee, to be disbursed on the ARS Interest Payment Date by the Trustee to the Auction Agent.
Interest with respect to ARS shall accrue from and including, as applicable, the Closing Date or the most recent ARS Interest Payment Date to which interest has been paid or duly provided for.
The ARS are subject to redemption by the Issuer, at the written direction of the Borrower, on any ARS Interest Payment Date, in whole or in part in an Authorized Denomination, at a redemption price equal to the principal amount thereof to be redeemed, plus accrued but unpaid interest to the redemption date, without premium.
The next ARS Interest Payment Date is and the next scheduled Auction Date is .
Unlike in the previous quarter, the banks experienced competitive pressure primarily from non-bank financial institutions (such response was given by around 45% of all banks).
The Trustee shall determine the aggregate amount of interest payable in accordance with subsection (E) below with respect to ARS on each ARS Interest Payment Date.
Week ly average.326anxieties about rising inflation in the light of the news that economic growth in the first quarter in theUnited States, Germany and Japan had been much faster than expected and that price pressures, particularly in primary product markets, were strong; this led to increases in interest rates in a number of overseas countries.
Interest payable on any ARS Interest Payment Date to a registered owner of ARS in the aggregate principal amount of $1,000,000 or more may, upon written request by such registered owner received by the Trustee prior to the Record Date preceding such ARS Interest Payment Date, be paid by wire transfer on the date due to a designated account in the United States.