Fixed Rate Index definition

Fixed Rate Index means with respect to a Fixed Rate Conversion Date, the average of the yield evaluations (on the basis of full coupon securities trading at par with a term approximately equal to the Fixed Rate Period) of securities (whether or not actually issued), the interest on which is not included in gross income for federal income tax purposes, of no fewer than ten Component Issuers selected by the Indexing Agent and which have a long-term rating by a Rating Agency in the same rating category as the Bonds are rated at the time by such Rating Agency or, if no such bonds are so rated, shall be debt which, in the judgment of the Indexing Agent, is of credit quality comparable to that of the Bonds, computed by the Indexing Agent on and as of the Fixed Rate Conversion Date. In the event that the Indexing Agent fails to compute the Fixed Rate Index and no other qualified municipal securities evaluation service can be appointed Indexing Agent by the Authority, the Fixed Rate Index shall be determined by the Remarketing Agent and shall be 90% of the average yield shown for the most recent calendar month for United States Treasury notes or bonds having the same number of years to maturity as the number of 12-month periods (or months if the Fixed Rate Period is less than one year) in the Fixed Rate Period, as published in the Federal Reserve Bulletin in the last issue before the Fixed Rate Conversion Date. If that issue does not contain such a yield, the Fixed Rate Index will be determined by linear interpolation between the yields shown in that issue for United States Treasury notes and bonds having the next shorter and next longer number of years (or months) to maturity. In addition, at the request of the Company and upon delivery to the Trustee of an Opinion of Bond Counsel that such action will not adversely affect the exclusion of interest on the Bonds from gross income of the owners thereof for federal income tax purposes, the Authority, with the consent of the Company, may designate a new method of setting the Fixed Rate Index in the event any of the above-described methods are determined by the Authority to be unavailable, impracticable or unrealistic in the market place.
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Fixed Rate Index means with respect to a Fixed Rate Conversion Date, the average of the yield evaluations (on the basis of full coupon securities trading at par with a term approximately equal to the Fixed Rate Period) of securities (whether or not actually issued), the interest on which is not included in gross income for federal income tax purposes, of no fewer than ten Component Issuers selected by the Indexing Agent and which have a long-term rating by a Rating Agency in the same rating category as the Bonds are rated at the time by such Rating Agency or, if no such bonds are so rated, shall be debt which, in the judgment of the Indexing Agent, is of credit quality comparable to that of the Bonds, computed by the Indexing Agent on and as of the Fixed Rate Conversion Date. In the event that the Indexing Agent fails to compute the Fixed Rate Index and no other qualified municipal securities evaluation service can be appointed Indexing Agent by the Authority, the Fixed Rate Index shall be determined by the applicable Remarketing Agent and shall be 90% of the average yield shown for the most recent calendar month for United States Treasury notes or bonds having the same number of years to maturity as the number of 12-month periods (or months if the Fixed Rate Period is less than one year) in the Fixed Rate Period, as published in the Federal Reserve Bulletin in the last issue before the Fixed Rate Conversion Date. If that issue does not contain such a yield, the Fixed Rate Index will be determined by linear interpolation between the yields shown in that issue for United States Treasury notes and bonds having the next shorter and next longer number of years (or months) to maturity. In addition, at the request of the Company and upon delivery to the Trustee of an Opinion of Bond Counsel that such action will not adversely affect the exclusion of interest on the Bonds from gross income of the owners thereof for federal income tax purposes, the Authority, with the consent of the Company, may designate a new method of setting the Fixed Rate Index in the event any of the above-described methods are determined by the Authority to be unavailable, impracticable or unrealistic in the market place.
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Fixed Rate Index shall be the yield calculated on the basis of the actual weekly auction rate on four (4) year Treasury Bills sold by the U.S. Treasury during the week preceding the week in which the amounts are advanced by Bank under this Note. Bank shall compute the Applicable Term Loan "A" Rate from information supplied in the Wall Street Journal or another reliable publication or reporting service selected by Bank. The parties agree that the Applicable Term Loan Rate under this Subparagraph 2(b)(B) is and shall be ______% per annum.
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Examples of Fixed Rate Index in a sentence

  • The Fixed Rate Index may be adjusted at the Holder's option to reflect statutory reserves, deposit insurance, regulatory capital, taxes and assessments, if any, as set forth in subparagraph 2(b)(i)(5) above.

  • The Indexing Agent shall establish the Fixed Rate Index on or before the Business Day next preceding the Fixed Rate Conversion Date.

  • BIST-KYD Corporate Bond Fixed Rate Index consists of zero coupon and fixed rate coupon corporate bonds and BIST-KYD Corporate Bond Floating Rate Index consists of floating rate coupon corporate bonds.

  • The Lehman Brothers MBS Fixed Rate Index is unmanaged, and investors cannot invest directly in the index.

  • If no Remarketing Agent shall be serving hereunder at the time of the determination of the Weekly Rate, Semi-Annual Rate, Medium-Term Rate, the Fixed Rate or the Commercial Paper Rate, the Rate shall be the Weekly Rate Index, Semi-Annual Rate Index, Medium-Term Rate Index, the Fixed Rate Index or Commercial Paper Rate Index, as the case may be, then in effect until a new Remarketing Agent is appointed by the Authority to make such Rate determination.

  • AND BE IT FURTHER RESOLVED, to approve the submission of amendments to the 2023 grant and accept any carry-over funds as a result of submitting the final expenditure reports.

  • The information is provided to illustrate the past performance of the Investment Adviser in managing substantially similar accounts as measured against the Lehman Brothers MBS Fixed Rate Index and does not represent the performance of the U.S. Mortgages Fund.

  • See iShares, Inc., et al., Investment Company Act Release No. 25623 (June 25, 2002) (order).3 The Underlying Indices for the New Funds are Lehman Brothers 1–3 Year U.S. Credit Index (‘‘1– 3 Year Credit Index’’) and Lehman Brothers U.S. MBS Fixed Rate Index (‘‘MBS Index’’).4 The Lehman Brothers U.S. Aggregate Index (‘‘Aggregate Index’’) is the underlying index of iShares U.S. Aggregate Bond Fund (‘‘Aggregate Fund’’).

  • BIST-KYD Corporate Bond Indices are created to reflect the returns of corporate bonds traded in DSM which are issued through public offering or sold to qualified investors.Two types of indices are calculated: BIST-KYD Corporate Bond Fixed Rate Index and BIST-KYD Corporate Bond Floating Rate Index.

  • The Lehman Brothers MBS Fixed Rate Index is used as the private accounts’ performance benchmark rather than the Fund’s performance benchmark, the Lehman Brothers Securitized Index, because the Lehman Brothers MBS Fixed Rate Index has a longer performance history which covers the entire private accounts’ performance history.


More Definitions of Fixed Rate Index

Fixed Rate Index shall be the yield calculated on the basis of the actual weekly auction rate on four (4) year Treasury Bills sold by the U.S. Treasury during the week preceding the week in which Borrower's written election is received by Bank. Bank shall compute the Applicable Term Loan "A" Rate from information supplied in the Wall Street Journal or another reliable publication or reporting service selected by Bank. Once the term loan evidenced by this note is converted in accordance with the provisions of this Section 2(2), Borrower shall not have any further right to elect additional or other conversions. Borrower's conversion rights under this Section 2(2) shall be exclusive, and Borrower shall not have any right to convert the Applicable Term Loan "A" Rate from either a Prime Rate-Based loan under Section 2(1)(a) above, a Term Fixed Rate-Based loan utilizing annual adjustments under Section 2(1)(b) above, or a Term Offshore Rate-Based loan under Section 2(1)(c), except as provided in this Section 2(2).
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Fixed Rate Index means with respect to a Fixed Rate Conversion Date, the average of the yield evaluations (on the basis of full coupon securities trading at par with a term approximately equal to the Fixed Rate Period) of securities (whether or not actually issued), the interest on which is not included in gross income for federal income tax
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Fixed Rate Index means (a) if the outstanding Revenue Bonds (without regard to any credit enhancement) are rated not lower than A3 by Moody’s or A by Standard & Poor’s, the yields for Aaa insured bonds as provided by Municipal Market Data or any successor thereto and published or made available in The Bond Buyer or similar publication, or, if Municipal Market Data ceases to provide that index, then such other publicly available and comparable index selected by the City and acceptable to the Rating Agencies, and (b) if the outstanding Revenue Bonds (without regard to any credit enhancement) are rated lower than the aforesaid ratings by either Rating Agency, the Revenue Bond Index or successor index published in The Bond Buyer, or, if The Bond Buyer ceases to publish such an index, then such other publicly available and comparable index selected by the City and not disapproved by the Trustee after reasonable notice from the City.
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Fixed Rate Index means the interest index determined by the Remarketing Agent pursuant to Section 2.03(B)(1).
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Fixed Rate Index means means the per annum interest rate determined by linear interpolation using the Bloomberg LIBOR Curve 23 corresponding to each Fixed Rate Loan’s weighted average life. If for any reason the Bloomberg LIBOR Curve 23 is not published or is otherwise unavailable, the Bank shall select an alternative source for the Fixed Rate Index, subject to approval by the City, for and on behalf of its Department of Aviation within two (2) Business Days of such request, which approval shall not unreasonably be withheld. If the Bloomberg LIBOR Curve 23 or the alternative index shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.
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Related to Fixed Rate Index

  • Treasury Index Rate means the average yield to maturity for actively traded marketable fixed interest rate U.S. Treasury Securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15(519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Corporation by at least three recognized dealers in U.S. Government Securities selected by the Corporation.

  • Floating Rate Period has the meaning set forth in section 2.5(b)(ii) hereof.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • Fixed Rate Period has the meaning set forth in Section 2.5(b)(i) hereof.

  • Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the applicable Final Terms as the Specified Period after the calendar month in which the preceding such date occurred; provided, however, that:

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on March 20, 2020 and ending on and including June 19, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Rate Year means July 1st of a given Calendar Year through June 30th of the succeeding Calendar Year.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Base Index means the most recent Consumer Price Index published immediately prior to the Commencement Date.

  • LIBOR Market Index Rate means, for any day, LIBOR as of that day that would be applicable for a LIBOR Loan having a one-month Interest Period determined at approximately 10:00 a.m. Central time for such day (rather than 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period as otherwise provided in the definition of “LIBOR”), or if such day is not a Business Day, the immediately preceding Business Day. The LIBOR Market Index Rate shall be determined on a daily basis.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Adjusted LIBOR means, for any Borrowing of Eurodollar Loans, a rate per annum determined in accordance with the following formula: Adjusted LIBOR = LIBOR

  • Rate Period has the meaning set forth in the Statement.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Treasury Yield means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.

  • Adjusted EURIBO Rate means, with respect to any EURIBOR Borrowing for any Interest Period, an interest rate per annum equal to the sum of (a) the EURIBO Rate for such Interest Period and (b) the Mandatory Costs Rate.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.