Designated Interest Rate means the weighted average Past Due Rate (as defined in the applicable Indentures) except with respect to that portion of any Final Drawing (or Applied Downgrade Advance which becomes a Final Drawing) which remains in a Cash Collateral Account, Designated Interest Rate means the weighted average Investment Earnings of funds in the Cash Collateral Accounts. As used in this Section, a Payment Default when used in connection with a Secured Certificate or Equipment Note means a default in the payment of principal thereof or interest thereon which has not been cured other than solely because of acceleration. The following terms are used in this Section as defined in the Intercreditor Agreement without regard to any amendment, modification or supplement thereto after the Closing Date: Cash Collateral Account, Equipment Notes, Final Drawing, Indentures, Interest Drawing and Investment Earnings. The Secured Certificates shall be executed on behalf of the Owner Trustee by its President or one of its Vice Presidents, Assistant Vice Presidents or Assistant Secretaries or other authorized officer. Secured Certificates bearing the signatures of individuals who were at any time the proper officers of the Owner Trustee shall bind the Owner Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Secured Certificates or did not hold such offices at the respective dates of such Secured Certificates. The Owner Trustee may from time to time execute and deliver Secured Certificates with respect to the Aircraft to the Indenture Trustee for authentication upon original issue and such Secured Certificates shall thereupon be authenticated and delivered by the Indenture Trustee upon the written request of the Owner Trustee signed by a Vice President or Assistant Vice President or other authorized officer of the Owner Trustee; provided, however, that each such request shall specify the aggregate Principal Amount of all Secured Certificates to be authenticated hereunder on original issue with respect to the Aircraft. No Secured Certificate shall be secured by or entitled to any benefit under this Trust Indenture or be valid or obligatory for any purposes, unless there appears on such Secured Certificate a certificate of authentication in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized officers and such certificate upon any Secured Cer...
Designated Interest Rate means the weighted average Past Due Rate (as defined in the applicable Indentures) in respect of "Series A Equipment Notes," "Series B Equipment Notes" and "Series C Equipment Notes" issued under the Indentures, except with respect to that portion of any Final Drawing (or Downgrade Drawing which becomes a Final Drawing) which remains in a Cash Collateral Account, Designated Interest Rate means the weighted average Investment Earnings of funds in the Cash Collateral Accounts. As used in this Section 2.02, a "Payment Default" when used in connection with an "Equipment Note" issued under an Indenture means a default in the payment of principal thereof or interest thereon, other than a default in the payment of principal or interest on a "Series D Equipment Note" issued under the Indentures which has not been cured other than solely because of acceleration. For purposes of Section 3.04(b) hereof, this is the fourth paragraph of Section 2.02. The Equipment Notes shall be executed on behalf of the Owner Trustee by its President or one of its Vice Presidents, Assistant Vice Presidents or Assistant Secretaries or other authorized officer. Equipment Notes bearing the signatures of individuals who were at any time the proper officers of the Owner Trustee shall bind the Owner Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Equipment Notes or did not hold such offices at the respective dates of such Equipment Notes. The Owner Trustee may from time to time execute and deliver Equipment Notes with respect to the Aircraft to the Indenture Trustee for authentication upon original issue and such Equipment Notes shall thereupon be authenticated and delivered by the Indenture Trustee upon the written request of the Owner
Designated Interest Rate means the weighted average Past Due Rate (as defined in the applicable Indentures) in respect of "Series A Equipment Notes," "Series B Equipment Notes" and "Series C Equipment Notes" issued under the Indentures, except with respect to that portion of any Final Drawing (or Downgrade Drawing which becomes a Final Drawing) which remains in a Cash Collateral Account, Designated Interest Rate means the weighted average Investment Earnings of funds in the Cash Collateral Accounts. As used in this Section 2.02, a "Payment Default" when used in connection with an "Equipment Note" issued under an Indenture means a default in the payment of principal thereof or interest thereon, other than a default in the payment of principal or interest on a "Series D Equipment Note" or "Series E Equipment Note" issued under the Indentures which has not been cured other than solely because of acceleration. For purposes of Section 3.04(b) hereof, this is the fourth paragraph of Section 2.02. The Equipment Notes shall be executed on behalf of the Owner Trustee by its President or one of its Vice Presidents, Assistant Vice Presidents or Assistant Secretaries or other authorized officer. Equipment Notes bearing the signatures of Trust Indenture
Examples of Designated Interest Rate in a sentence
Any reference herein to the satisfaction, repayment, or payment in full of the Secured Obligations shall mean the repayment in full of all of the Secured Obligations other than (x) contingent indemnification obligations not then due and (y) obligations and liabilities under Designated Interest Rate Protection Agreements, Designated Hedge Agreements and Designated Treasury Services Agreements.
Any reference herein to the satisfaction, repayment, or payment in full of the Secured Obligations shall mean the repayment in full of all of the Secured Obligations other than (x) contingent indemnification obligations not then due and (y) obligations and liabilities under Designated Interest Rate Protection Agreements and Designated Treasury Services Agreements.
Notwithstanding the foregoing, Obligations arising under Designated Interest Rate Protection Agreements, Designated Hedge Agreements and Designated Treasury Services Agreements shall be excluded from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Guaranteed Creditor.
Award of this group will be made to the vendor(s) offering the highest discount from catalog list price for each manufacturer listed under Section 4 Group A of this solicitation.
The exercise price per share under an Option represents the amount (rounded up to the nearest cent) which was the product of (i) the Fair Market Value on the date of grant, times (ii) one plus the Designated Interest Rate then in effect, compounded annually over four years.
More Definitions of Designated Interest Rate
Designated Interest Rate means the weighted average Investment Earnings of funds in the Cash Collateral Accounts. As used in this Section 2.02, a "Payment Default" when used in connection with an "Equipment Note" issued under an Indenture means a default in the payment of principal thereof or interest thereon, other than a default in the payment of principal or interest on a "Series D Equipment Note" or "Series E Equipment Note" issued under the Indentures which has not been cured other than solely because of acceleration. For purposes of Section 3.04(b) hereof, this is the fourth paragraph of Section 2.02. The Equipment Notes shall be executed on behalf of the Owner Trustee by its President or one of its Vice Presidents, Assistant Vice Presidents or Assistant Secretaries or other authorized officer. Equipment Notes bearing the signatures of Trust Indenture
Designated Interest Rate means, as of any time, the prime business rate of the Bank of Canada, plus two percent per year, calculated daily and compounded monthly, but not in excess of the highest rate per year permitted by law.
Designated Interest Rate means the weighted average Investment Earnings of funds in the Cash Collateral Accounts. As used in this Section 2.02, a "Payment Default" when used in connection with an "Equipment Note" issued under an Indenture means a default in the payment of principal thereof or interest thereon, other than a default in the payment of principal or interest on a "Series D Equipment Note" issued under the Indentures which has not been cured other than solely because of acceleration. For purposes of Section 3.04(b) hereof, this is the fourth paragraph of Section 2.02. The Equipment Notes shall be executed on behalf of the Owner Trustee by its President or one of its Vice Presidents, Assistant Vice Presidents or Assistant Secretaries or other authorized officer. Equipment Notes bearing the signatures of individuals who were at any time the proper officers of the Owner Trustee shall bind the Owner Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Equipment Notes or did not hold such offices at the respective dates of such Equipment Notes. The Owner Trustee may from time to time execute and deliver Equipment Notes with respect to the Aircraft to the Indenture Trustee for authentication upon original issue and such Equipment Notes shall thereupon be authenticated and delivered by the Indenture Trustee upon the written request of the Owner
Designated Interest Rate means the weighted average Past Due Rate (as defined in the applicable Indentures) except with respect to that portion of any Final Drawing (or Applied Downgrade Advance or Applied Non-Extension Advance which becomes a Final
Designated Interest Rate means the weighted average Past Due Rate (as defined in the applicable Indentures) except that [(i) the Debt Rate for the Series D Secured Certificates shall not be taken into account for the calculation of such weighted average rate and
Designated Interest Rate means the interest rate designated by the Board from time to time, subject to any interest limitations under Texas law. If the Board fails to designate an interest rate, then the interest rate shall be twelve percent (12%) per annum or the highest rate permitted by Texas law, whichever is less. The Designated Interest Rate is also subject to the limitations in Section 12.6 herein.
Designated Interest Rate means a rate calculated at six percentage points above the prime bank commercial lending rate charged from time to time by any Canadian chartered bank designated from time to time by the Landlord.