First Fixed Rate definition
Examples of First Fixed Rate in a sentence
Each UBS Fixed Amount Payment Date First Fixed Monthly Period: Each period from, and including, a First Fixed Rate Payer Payment Date to, but excluding, the next following First Fixed Rate Payer Payment Date.
In relation to any First Fixed Rate Payer Payment Date, an amount equal to the daily average, during the related First Fixed Rate Payer Calculation Period, of (i) USD50,000,000 minus (ii) the Unfunded Reference Obligation Amount.
Fixed Rate Payer: CIBC Fixed Rate Payer Payment Dates: Each September 1 and March 1 in each year, commencing on March 1, 2002 (the "First Fixed Rate Payer Payment Date"), up to and including the Termination Date, with No Adjustment.
Notwithstanding anything to the contrary in the Indenture, in the event that a special redemption occurs, such funds will be pre-paid on the Second Fixed Rate Note issued July 1, 1998 and will not affect the First Fixed Rate Note issued July 1, 1997 and the Shipowner will pay a Make-Whole Premium in connection therewith.
Each First Fixed Monthly Period, except that (a) the initial First Fixed Rate Payer Calculation Period will commence on, and include, the Effective Date and (b) the final First Fixed Rate Payer Calculation Period will end on, but exclude, the final Obligation Termination Date.
If there has not been a first Interest Payment Date, the Rate of Interest shall be the First Fixed Rate of Interest.
In relation to any First Fixed Rate Payer Payment Date, an amount equal to the daily average, during the related First Fixed Rate Payer Calculation Period, of the Daily First Fixed Spread.
For the avoidance of doubt, the Fixed Amount with respect to the First Fixed Rate Payer Payment Date shall be an amount equal to USD 1,840,000.