Distribution Rate definition

Distribution Rate means, for the Distribution Period beginning on (and including) the date of original issuance and ending on (but excluding) the Distribution Payment Date in June 2004, the rate per annum of 3.90%, and for each Distribution Period beginning on or after the Distribution Payment Date in June 2004, the Coupon Rate for such Distribution Period.

Distribution Rate means, with respect to any Distribution Period, a rate per annum equal to the Interest Rate (as defined in the Debentures) with respect to the Interest Period under (and as defined in) the Debentures that begins on the same date as such Distribution Period begins and ends on the same date as such Distribution Period ends.

Distribution Rate means, for the period beginning on (and including) the date of original issuance and ending on (but excluding) October 31, 2001, 7.29% and for the period beginning on (and including) October 31, 2001 and thereafter, the Coupon Rate.

Examples of Distribution Rate in a sentence

• Distributions in arrears will bear interest thereon compounded quarterly at the applicable Distribution Rate (to the extent permitted by law).

• The amount of the Distribution payable for any Distribution Period will be calculated by applying the Distribution Rate to the stated liquidation amount outstanding at the commencement of the Distribution Period on the basis of the actual number of days in the Distribution Period concerned divided by 360.

• Distributions in arrears for more than one quarterly period will bear interest thereon compounded quarterly at the applicable Distribution Rate (to the extent permitted by law).

• The Distribution Rate includes, among other costs, the cost of the fixture and bracket.

• The Distribution Rate is based on the Fund’s last regular distribution per share in the period (annualized) divided by the Fund’s NAV or market price at the end of the period.

More Definitions of Distribution Rate

Distribution Rate means, with respect to the periods specified below, the following rates per annum:

Distribution Rate means the rate at which the Preferred Securities accrue Distributions in accordance with Condition 3;

Distribution Rate means 7.00% per annum.

Distribution Rate means, for the period beginning on (and including) the date of original issuance and ending on (but excluding) December 26, 2002, 5.220%, and for the period beginning on (and including) December 26, 2002 and thereafter, the Coupon Rate.

Distribution Rate has the meaning set forth in Section 5.1.

Distribution Rate means, for the period beginning on (and including) the date of original issuance and ending on (but excluding) March 18, 2002, 5.60%, and for the period beginning on (and including) March 18, 2002 and thereafter, the Coupon Rate.

Distribution Rate means the rate at which Distributions will accrue in respect of any Distribution Period, as determined pursuant to the terms of this Section 2, whether by Remarketing or otherwise.