Fixed Rate definition
Examples of Fixed Rate in a sentence
No Fixed Rate Loan shall be requested or made pursuant to a Standby Borrowing Request.
Fixed-to-Floating Rate Notes Interest Rate: From (and including) the Issue Date (as defined in the Preliminary Prospectus Supplement (as defined below)) to (but excluding) the 2030 Notes Par Redemption Date (as defined in the Preliminary Prospectus Supplement) (the “2030 Notes Fixed Rate Period”), the 2030 notes will bear interest at a rate of 4.219% per annum.
Each Competitive Bid by a Revolving Credit Lender must be received by the Administrative Agent via telecopier, in the form of Exhibit A-3 hereto, (i) in the case of a Eurocurrency Competitive Borrowing not later than 11:00 a.m., New York City time, three Business Days before a proposed Competitive Borrowing and (ii) in the case of a Fixed Rate Borrowing, not later than 11:00 a.m., New York City time, on the day of a proposed Competitive Borrowing.
Such request shall in each case refer to this Agreement and specify (A) whether the Borrowing then being requested is to be a Eurocurrency Borrowing or a Fixed Rate Borrowing, (B) the date of such Borrowing (which shall be a Business Day), (C) the aggregate principal amount of such Borrowing, (D) the currency of such Borrowing and (E) the Interest Period with respect thereto (which may not end after the Revolving Credit Termination Date).
During the Floating Rate Period, interest will be payable quarterly in arrear on May 24, 2036, August 24, 2036, November 24, 2036, and the Maturity Date (each, a “Floating Rate Period Interest Payment Date”, and any Floating Rate Period Interest Payment Date and Fixed Rate Period Interest Payment Date, an “Interest Payment Date”).