Holder Yield means with respect to Holder Advances from time to time either the Eurodollar Rate plus the Applicable Percentage or the ABR as elected by the Owner Trustee from time to time with respect to such Holder Advances in accordance with the terms of the Trust Agreement; provided, however, (a) upon delivery of the notice described in Section 3.7(c) of the Trust Agreement, the outstanding Holder Advances of each Holder shall bear a yield at the ABR applicable from time to time from and after the dates and during the periods specified in Section 3.7(c) of the Trust Agreement, and (b) upon the delivery by a Holder of the notice described in Section 11.3(f) of the Participation Agreement, the Holder Advances of such Holder shall bear a yield at the ABR applicable from time to time after the dates and during the periods specified in Section 11.3(f) of the Participation Agreement.
Holder Yield means with respect to Holder Advances from time to time either the Eurodollar Rate plus the Applicable Percentage or the ABR plus the Applicable Percentage as elected by the Owner Trustee from time to time with respect to such Holder Advances in accordance with the terms of the Trust Agreement; provided, however, (a) upon delivery of the notice described in Section 3.7(c) of the Trust Agreement, the outstanding Holder Advances of each Holder shall bear a yield at the ABR plus the Applicable Percentage applicable from time to time from and after the dates and during the periods specified in Section 3.7(c) of the Trust Agreement, and (b) upon the delivery by a Holder of the notice described in Section 11.3(f) of the Participation Agreement, the Holder Advances of such Holder shall bear a yield at the ABR plus the Applicable Percentage applicable from time to time after the dates and during the periods specified in Section 11.3(f) of the Participation Agreement.
Holder Yield means, for each day during a Payment Period, (i) the LIBOR Rate, determined two Business Days prior to the first day of such Payment Period plus 0.900% or (ii) to the extent the Lessee (on behalf of the Owner Trustee) so elects, the CD Rate plus 0.900% or the Reference Rate plus 0.500%, unless and until in any case the Agent gives the Owner Trustee notice that the LIBOR Rate or the CD Rate, as the case may be, cannot be determined or is unlawful or that any Holder is unable to obtain matching deposits in the London interbank market respecting any LIBOR Holder Advance or otherwise match funds with respect to any CD Holder Advance, in which case, upon such notice, the Holder Yield for all subsequent Payment Periods commencing with the Yield Payment Date next following such notice, until the Payment Period commencing immediately following the date which the LIBOR Rate or the CD Rate, as the case may be, can be determined, is lawful and is capable of being match funded by the Holders, shall be the Reference Rate plus 0.500%.
Examples of Holder Yield in a sentence
All payments of principal, interest, Holder Advances, Holder Yield and other amounts to be made by the Construction Agent or the Lessee under this Agreement or any other Operative Agreements (excluding Excepted Payments which shall be paid directly to the party to whom such payments are owed) shall be made to the Agent at the office designated by the Agent from time to time in Dollars and in immediately available funds, without setoff, deduction, or counterclaim.
Each Guarantor further agrees that it hereby waives any and all right of subrogation, indemnity, reimbursement or contribution against the Lessee and the Construction Agent or any other Guarantor of the Company Obligations for amounts paid under this Section 6B until such time as the Loans, Holder Advances, accrued but unpaid interest, accrued but unpaid Holder Yield and all other amounts owing under the Operative Agreements have been paid in full.
The Owner Trustee shall pay to each Holder, from the Trust Estate, its pro rata portion of Holder Yield on Holder Advances made hereunder.
Any change in the Holder Yield resulting from a change in the ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective.
If all or a portion of any such Unused Fee shall not be paid when due, such overdue amount shall bear interest, payable by the Lessee on demand, at a rate per annum equal to the ABR (or in the case of Holder Yield, the ABR plus the Applicable Percentage for Eurodollar Holder Advances) plus two percent (2%) from the date of such non-payment until such amount is paid in full (as well as before judgment).
More Definitions of Holder Yield
Holder Yield means, with respect to Holder Advances from time to time, either (i) the Eurodollar Rate plus the Applicable Percentage or (ii) the ABR plus 0.75% (75 basis points) per annum as elected by the Owner Trustee from time to time with respect to such Holder Advances in accordance with the terms of the Trust Agreement; except that (a) upon delivery of the notice described in Section 3.7(c) of the Trust Agreement, the outstanding Holder Advances of each Holder shall automatically bear a yield at the ABR plus 0.75% (75 basis points) per annum applicable from time to time from and after the dates and during the periods specified in Section 3.7(c) of the Trust Agreement, and (b) upon the delivery by a Holder of the notice described in Section 11.3(f) of the Participation Agreement, the Holder Advances of such Holder shall automatically bear a yield at the ABR plus 0.75% (75 basis points) per annum applicable from time to time after the dates and during the periods specified in Section 11.3(f) of the Participation Agreement.
Holder Yield means the Eurodollar Reserve Rate plus the Holder Applicable Margin; provided, however, (i) upon delivery of the notice described in Section 3.7(c) of the Trust Agreement, the outstanding Holder Advances of each Holder shall bear a yield at the ABR applicable from time to time from and after the dates and during the periods specified in Section 3.7(c) of the Trust Agreement, and (ii) upon the delivery by any Holder of the notice described in Section 3.8(c) of the Trust Agreement, the Holder Advances of such Holder shall bear a yield at the ABR applicable from time to time after the dates and during the periods specified in Section 3.8(c) of the Trust Agreement.
Holder Yield means with respect to Holder Fundings from time to time either the Eurodollar Rate (including the Applicable Margin) plus the Holder Applicable Margin, or the Base Rate plus the Holder Applicable Margin, as elected by the Owner Trustee from time to time with respect to such Holder Fundings in accordance with the terms of the Trust Agreement; PROVIDED, however, that (i) upon delivery of the notice described in SECTION 3.7(C) of the Trust Agreement, the outstanding Holder Fundings of each Holder shall bear a yield at the Base Rate plus the Holder Applicable Margin from time to time from and after the dates and during the periods specified in SECTION 3.7(C) of the Trust Agreement, and (ii) upon the delivery by a Holder of the notice described in SECTION 3.9(E) of the Trust Agreement or as otherwise set forth in SECTION 3.8 of the Trust Agreement, the Holder Fundings of such Holder shall bear a yield at the Base Rate plus the Holder Applicable Margin applicable from time to time after the dates and during the periods specified in SECTION 3.9(E) or 3.8 (as the case may be) of the Trust Agreement.
Holder Yield means with respect to Holder Advances from time to time either the Eurodollar Reserve Rate plus the Holder Applicable Margin or the Base Rate plus three-fourths of one percent (.75%) as in effect from time to time with respect to such Holder Advances in accordance with the terms of the Trust Agreement; provided, however, that (i) upon delivery of the notice described in Section 3.7(c) of the Trust Agreement, the outstanding Holder Advances of each Holder shall bear a yield at the Base Rate applicable from time to time plus .75%from and after the dates and during the periods specified in Section 3.7(c) of the Trust Agreement, and (ii) upon the delivery by a Holder of the notice described in Section 3.9(d) of the Trust Agreement or as otherwise set forth in Section 3.8 of the Trust Agreement, the Holder Advances of such Holder shall bear a yield at the Base Rate applicable from time to time plus .75% after the dates and during the periods specified in Section 3.9(d) or 3.8 (as the case may be) of the Trust Agreement.
Holder Yield shall have the meaning set forth in Section 1.5(a) of the Participation Agreement.
Holder Yield in Appendix A to the Participation Agreement is amended in its entirety, so that as amended it shall read as follows:
Holder Yield means with respect to Holder Fundings from time to time the Base Rate (including the Applicable Base Rate Margin) plus the Holder Applicable Margin. Notwithstanding any other provision of this Participation Agreement or any other Operative Agreement, no Holder Funding may be converted to a Eurodollar Holder Funding."