Auction Period Rate definition

Auction Period Rate means the Auction Rate or any other rate of interest to be borne by the Notes during each Auction Period determined in accordance with Section 2.04 of this Exhibit; provided, however, in no event may the Auction Period Rate exceed the Maximum Rate.

Auction Period Rate. ’ means the rate of interest to be borne by the Auction Rate Bonds during each Auction Period determined in accordance with the Auction Procedures, in no event to exceed the Maximum Auction Rate.

Auction Period Rate means the rate of interest to be borne by the 2006 Series J-1 Bonds during each Auction Period determined in accordance with the section entitled “Auction Procedures— Determination of Auction Period Rate” below; provided, however, in no event may the Auction Period Rate exceed the Maximum Rate.

Examples of Auction Period Rate in a sentence

• Interest will initially be payable at an Auction Period Rate determined in accordance with the Agreement.

• Except as provided under “Mandatory Tender Upon a Change in the Determination Method,” “Mandatory Tender at Beginning of a New Long-Term Interest Rate Period” and “Mandatory Tender on Each Interest Payment Date During Commercial Paper Mode,” no Bonds may be tendered while they bear interest at a Commercial Paper Rate, Auction Period Rate or a Long-Term Interest Rate.

• While the Bonds bear interest at a Long-Term Interest Rate, a Commercial Paper Rate or an Auction Period Rate, the owner of a Bond does not have the option to require the Trustee to purchase its Bond.

• While the Bonds of a series bear interest at an Auction Period Rate, they are callable in whole or in part by the Company at par plus accrued interest on the Interest Payment Date immediately following the end of an Auction Period; provided that after any optional redemption (including an Extraordinary Optional Redemption) there shall be not less than $10,000,000 in aggregate principal amount of any Bonds bearing interest at an Auction Period Rate unless otherwise consented to by any Broker-Dealer.

• This Agreement covers the Recipient, a board certified orthopaedic surgeon practicing in Austin, Texas.

More Definitions of Auction Period Rate

Auction Period Rate means, with respect to Bonds of each sub-series, the rate of interest to be borne by the Bonds of such sub-series during each Auction Period determined in accordance with the section entitled “Determination of Auction Period Rate” in APPENDIX G – MULTI-MODAL PROVISIONS – EXHIBIT I – AUCTION PROCEDURES”; provided,

Auction Period Rate means the rate of interest per annum on any Auction Date that results from the implementation of the Auction Procedures, and determined as described in Article III of the First Supplemental Indenture.

Auction Period Rate shall have the meaning given to such term in Appendix B hereto.

Auction Period Rate a "Daily Rate," a "Weekly Rate," a "Monthly Rate," a "Semi-annual Rate" or a "Term Rate" (each of the foregoing referred to as an "Adjustable Rate") or a "Fixed Rate". Each Adjustable Rate other than an Auction Period Rate shall be equal to the lesser of (i) the Maximum Allowed Rate (as defined in the Indenture), (ii) 110% of the rate index for such rate on the applicable determination date and (iii) an adjustable rate which, with respect to the first day of each Calculation Period (as herein defined) applicable to such Adjustable Rate, shall be equal to the rate or rates of interest per annum established and certified to the Trustee by the Remarketing Agent (as herein defined) no later than 12:00 noon (New York City time) (except that such rate or rates of interest per annum must be established and certified to the Trustee by the Remarketing Agent (as herein defined) no later than 10:00 a.m. (New York City time) with respect to a Daily Rate, 12:30 (New York City time) with respect to a Commercial Paper Rate, and 4:00 p.m. with respect to a Term Rate), on and as of the Determination Date (as defined in the Indenture) as the minimum rate of interest per annum which, in the opinion of the Remarketing Agent, would be necessary on and as of the date of such certification to remarket Bonds at a price equal to the principal amount thereof plus accrued interest thereon, if any, except as otherwise provided in the Indenture. Anything in the Indenture to the contrary notwithstanding, in no event shall the interest rate borne by any Bond exceed the maximum rate allowable by applicable law. During any Commercial Paper Rate Period, at or prior to 12:30 noon (New York City time) on each Determination Date, the Remarketing Agent shall establish Calculation Periods and related Commercial Paper Rates. In determining Calculation Periods, the Remarketing Agent shall take into account certain factors set forth in the Indenture. The Remarketing Agent shall select the Calculation Periods and the applicable Commercial Paper Rates that, together with all other Calculation Periods and related Commercial Paper Rates, in the sole judgment of the Remarketing Agent, will result in the lowest overall borrowing cost on the Bonds or are otherwise in the best financial interests of the Company, as determined in consultation with the Company. Any Calculation Period established under the Indenture may not extend beyond the second Business Day next preceding the expiration date of the Suppo...

Auction Period Rate means the rate of interest to be borne by the Bonds during each Auction Period determined in accordance with Section 2.03 of this Appendix B; provided, however, in no event may the Auction Period Rate exceed the Maximum Allowed Rate.

Auction Period Rate means the rate of interest to be borne by the Bonds of a Series during each Auction Period determined in accordance with Section 2.03 of this Appendix A; provided, however, in no event may the Auction Period Rate exceed the Maximum Interest Rate.

Auction Period Rate. ’ means the Auction Rate or any other rate of interest to be borne by the Bonds during each Auction Period determined as provided herein under ‘‘Determination of Auction Period Rate’’; but in no event may the Auction Period Rate exceed the Maximum Rate.