ARS Payments definition

ARS Payments has the meaning specified in Section 5 g).
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ARS Payments has the meaning specified in Section 5 g). • “Auction Rate Securities” means any and all securities determined by Credit Corp., in its sole and absolute discretion, as being commonly referred to as “Auction Rate Securities,” which, for greater certainty, include, without limitation, debt securities on which the interest rate payable is periodically re-set by an auction process and/or equity securities on which any dividend payable is periodically re-set by an auction process. • “Taxable SLARC Maximum Auction Rate” means the applicable “reset rate,” “maximum auction rate” or other similar rate as may be specified in the prospectus or other documentation governing any applicable Taxable Student Loan Auction Rate Securities as representing the failed auction rate or similar rate payable on such Auction Rate Securities, in each case expressed as a per-annum rate and as calculated in Credit Corp.’s sole and absolute discretion. • “Taxable Student Loan Auction Rate Securities” means any and all Auction Rate Securities Collateral consisting of securities determined by Credit Corp., in its sole and absolute discretion, as being commonly referred to as “Student Loan Auction Rate Securities” and on which the interest or dividend rate paid or payable to the Borrower by the issuer of such securities is taxable to the Borrower.” Terms of Advances
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Examples of ARS Payments in a sentence

  • Cancelling ARS Payments and Additional Payments may result in higher interest charges by the Bank because amounts received in the Collateral Account will not be automatically transferred and credited.

  • If the Borrower would prefer to have advance notice of each payment to be made to Advances, the Borrower may cancel ARS Payments as described below.

  • The Bank estimates that the ARS Payments will range from zero to fifteen ($15.00) dollars per month per $1,000 in par value of Pledged ARS.

  • If the Borrower stops ARS Payments, the Borrower will continue to be obligated to pay principal, interest, and other amounts pursuant to the Agreement.

  • The Borrower may elect to stop ARS Payments at any time, and this election will cancel all ARS Payments that would occur three (3) Business Days or more after the Bank receives such notice.

  • If the Borrower elects to cancel ARS Payments, all other Additional Payments will be cancelled.

  • If the Borrower stops ARS Payments, the Borrower will continue to be obligated to pay principal, interest, and other amounts pursuant to the Agreement, If the Borrower elects to cancel ARS Payments, all other Additional Payments will be cancelled.

  • The Bank estimates that the ARS Payments will range from zero to fifteen ($ 15 .00) dollars per month per $ 1.000 in par value of Pledged ARS.

  • The Borrower may elect to stop ARS Payments at any time, and this election will cancel all ARS Payments that would occur three (3) Busines Days or more after the Bank receives such notice.