Extended Rate definition
Examples of Extended Rate in a sentence
Extended Rate of Pay After working ten (10) consecutive days in the same assignment, a substitute will be paid the greater of either the daily rate of a beginning teacher on the BA column of the regular teachers' salary schedule, or ten dollars ($10.00) more than the published Oregon Department of Education final minimum ten-day pay rate.
Notwithstanding anything in the Loan Agreement or the Rate Option Note to the contrary, prior to the occurrence of an Event of Default, the outstanding principal balance of the Rate Option Note shall bear interest at the Applicable Prime Rate prior to the Maturity Date and, so long as the Extended Rate Option is available and exercised, after the Maturity Date at the Applicable CMT (Treasury) Rate.
This right of tender is not available to Affected Certificates after the occurrence of an applicable Tender Option Termination Event or to Pledged Class A Certificates, Term Extended Rate Class A Certificates or LIBOR Index Rate Class A Certificates.
Upon any Variable Rate Bond ceasing to be outstanding pursuant to the Authorizing Document or upon conversion to a Fixed Rate of all or any portion of the principal amount of the Variable Rate Bonds, the aggregate Available Principal Commitment shall automatically be terminated by an amount equal to the principal amount of such Variable Rate Bonds ceasing to be outstanding or converted to an Extended Rate or a Fixed Rate pursuant to the Authorizing Document.
The Series Certificate Agreement shall designate the Term Extended Rate(s) (including, if applicable, the periods of time such rates shall apply) for any Series of Term Extended Rate Class A Class Certificates as of the Date of Original Issue thereof.
The Remarketing Agent shall not act, nor shall be deemed to be acting, as an underwriter of the Bonds in connection with any remarketing of such Bonds and shall be in no way obligated to advance its own funds to purchase any Bonds, including, without limitation, upon a conversion of the Bonds to an Extended Rate Mode or a Fixed Rate Mode.
Term Extended Rate Class A Certificates may not be converted to a Reset Rate Method or to a LIBOR Index Rate.
The computation of interest on any Certificate when any Term Reset Rate Method, Term Extended Rate or LIBOR Index Rate is in effect will be performed on the basis of a 360-day year consisting of twelve 30-day months for each Accrual Period.
Payments will be made for Time-Sensitive Construction Support Costs associated with compensable delays under the provisions of the General Conditions at the Construction Support Costs Extended Rate as described in Paragraph 5.03.B.
Each Term Extended Rate Class A Certificate shall bear interest at the Term Extended Rate(s) specified in the Series Certificate Agreement.