Fixed Rate definition

Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

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Fixed Rate means, with respect to any Competitive Loan (other than a LIBOR Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

Fixed Rate means, with respect to any Competitive Loan (other than a Eurocurrency Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

Examples of Fixed Rate in a sentence

Interest during the Initial Fixed Rate Period shall be calculated on the basis of a 360-day year divided into twelve months of 30 days each and, in the case of an incomplete month, on the basis of the actual number of days elapsed in such period.
Interest during the Reset Fixed Rate Period shall be calculated on the basis of a 360-day year consisting of twelve 30-day months and, in the case of an incomplete month, on the basis of the actual number of days elapsed in such period.
The interest rate during the Reset Fixed Rate Period will be reset on the Reset Determination Date.
Interest accrued during the Initial Fixed Rate Period shall be payable semi-annually in arrears on February 17 and August 17 of each year (each, a “Fixed Rate Interest Payment Date”), commencing on February 17, 2027.
If any scheduled Fixed Rate Interest Payment Date, redemption date or Maturity Date is not a Business Day, the Company shall pay interest and principal, as applicable, on the next Business Day, but interest on that payment shall not accrue during the period from and after such scheduled Fixed Rate Interest Payment Date, redemption date or Maturity Date.

More Definitions of Fixed Rate

Fixed Rate means the Eurodollar Rate, the Eurodollar Bid Rate or the Absolute Rate.

Fixed Rate is in contrast to fee- for-service, 44 Ill. Admin. Code Part 7000.

Fixed Rate has the same meaning as in 44 Ill. Admin. Code Part 7000. “Fixed-Rate” is in contrast to fee- for-service, 44 Ill. Admin. Code Part 7000.

Fixed Rate means an indirect cost rate which has the same characteristics as a predetermined rate, except that the difference between the estimated costs and the actual, allowable costs of the period covered by the rate is carried forward as an adjustment to the rate computation of a subsequent period.

Fixed Rate means the rate of interest on a Group of 2024 Series A Variable Rate Bonds described in Section 701 of Appendix A hereto.

Fixed Rate means the interest rate in effect on any Bonds from and after the Conversion Date, as said rate is determined in accordance with Section 2.02(D) hereof.

Fixed Rate when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to a Fixed Rate.