Fixed Rate Debt definition
Fixed Rate Debt. The Debt (if any) that bears interest at fixed rates.
Fixed Rate Debt. Collectively, each Class of Debt that bears a fixed rate of interest.
Fixed Rate Debt is the aggregate, at the time, of the outstanding Relevant Debt that bears either a fixed rate of interest or inflation-linked return.
Examples of Fixed Rate Debt in a sentence
Interest accrued with respect to the Fixed Rate Debt shall be calculated on the basis of a 360-day year consisting of twelve 30-day months; provided, that if an Optional Redemption, Clean-Up Call Redemption, Tax Redemption, Mandatory Redemption or Re-Pricing occurs on a Business Day that would not otherwise be a Payment Date, interest on such Fixed Rate Debt shall be calculated on the basis of the actual number of days elapsed in the applicable Interest Accrual Period divided by 360.
More Definitions of Fixed Rate Debt
Fixed Rate Debt. Secured Debt that bears a fixed rate of interest.
Fixed Rate Debt. Any Secured Debt that bears interest at fixed rates, which on the Closing Date shall consist of the Class A-F Notes.
Fixed Rate Debt means any obligation described in clauses (i), (iv) or (viii) of the definition of "Indebtedness" (i) that bears interest at a rate that is fixed until maturity of such Indebtedness and that does not fluctuate or vary, whether on the basis of rates established from time to time by the obligee, indices, market conditions or otherwise or (ii) having an average weighted maturity equal to or exceeding the then remaining term of this Agreement and with respect to which the Borrower has arranged Rate Hedging Obligations that protect the Borrower from fluctuations of interest rates, which Rate Hedging Obligations are acceptable to the Required Lenders in all respects, including without limitation the Person or Persons that are parties thereto, the fixed interest rates thereunder and the other terms and conditions thereof.
Fixed Rate Debt. Any Debt that bears interest at fixed rates, which on the Closing Date will consist of no Class of Debt.
Fixed Rate Debt has the meaning set forth in Section 3.4(f).
Fixed Rate Debt. Any Debt issued or incurred under this Indenture or the Class A-1 Credit Agreement, as applicable, that bears a fixed rate of interest.
Fixed Rate Debt means the Fixed Rate Principal Amount and Interest under a Mortgage having a Fixed Interest Rate.