Index Interest Rate Period definition

Index Interest Rate Period means any period during which the Bonds bear interest at an Index Interest Rate.
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Index Interest Rate Period means each period of time during which Index Interest Rates are in effect.
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Index Interest Rate Period means any period during which the Bonds bear interest at an Index Interest Rate, commencing on the Issue Date or the Index Interest Rate Conversion Date and ending on the first to occur of (i) an Index Interest Rate Mandatory Purchase Date, (ii) the Index Interest Rate Conversion Date next succeeding the then current Index Interest Rate Conversion Date, and (iii) the Maturity Date.
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Examples of Index Interest Rate Period in a sentence

  • The Directors may at any time, before any Share so forfeited shall have been cancelled, sold, re-allotted or otherwise disposed of, annul the forfeiture upon such conditions as they think fit.

  • The Borrower may elect that the Interest Rate Period for the Bonds shall be an Index Interest Rate Period upon consultation with Bond Counsel as to the effect, if any, of the proposed election or conversion (unless such Index Interest Rate Period follows an Index Interest Rate Period, in which case consultation shall not be required) and by written notice to the Trustee, the Calculation Agent, and the Remarketing Agent.

  • If the Bonds are converted to an Index Interest Rate Period, the new Applicable Spread shall be the Applicable Spread which when used to calculate the new Index Interest Rate shall be, in the judgment of the Market Agent, having due regard for prevailing market conditions for bonds or other securities similar to the Bonds, the interest rate necessary, but shall not exceed the interest rate necessary, to enable the Bonds to be placed at a price of par on the Conversion Date.

  • Application of community college work is limited to no more than one-half of the total requirements for graduation in a given curriculum at MSU.

  • The Bonds shall be issued as fully registered bonds in (i) denominations of $5,000 or any integral multiple thereof during any Long-Term Interest Rate Period, (ii) $250,000 or any integral multiple of $5,000 in excess of $250,000 during any Index Interest Rate Period, and (iii)$100,000 or any integral multiple of $5,000 in excess of $100,000 during any period not described in either of the preceding clauses (i) or (ii).

  • During each Index Interest Rate Period, the Bonds shall bear interest at the Index Interest Rate.

  • If that or any other condition to conversion is not satisfied, the Bonds will not be subject to mandatory tender for purchase on the Conversion Date and will remain in the Index Interest Rate Period with the Index Interest Rate determined as if no conversion had been proposed.

  • During the initial, approximately six-year Index Interest Rate Period (the “Initial Period”), the Bonds will bear interest at 70% of one-month LIBOR plus 0.77%, subject to adjustment under certain circumstances.

  • The Applicable Spread for each Index Interest Rate Period shall be determined by the Remarketing Agent on or prior to the Conversion Date in accordance with the definition thereof.

  • The Book Entry System shall not be in effect with respect to the Series 2014_ Bonds during an Index Interest Rate Period.


More Definitions of Index Interest Rate Period

Index Interest Rate Period means any period during which the Series 2014_ Bonds bear interest at an Index Interest Rate.
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Index Interest Rate Period means each period during which an Index Interest Rate is in effect, and which ends on the Index Rate Termination Date.
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Index Interest Rate Period means any period during which the Authority Notes bear interest at an Index Interest Rate; provided, however, that the initial Index Interest Rate Period shall be the Initial Period. Information Services
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Index Interest Rate Period means each period during which an Index Interest Rate is in effect, and which ends on the Index Rate Termination Date. “Index Tender Date” means with respect to a change in Interest Rate Period for the Bonds to an Index Interest Rate Period after the Date of Delivery(including a change in Interest Rate Period from one Index Interest Rate Period to another Index Interest Rate Period), the date so specified by the Borrowerpursuant to Section 2.03(B)(II). The Index Tender Date shall always be a Business Day, unless such date is the Principal Payment Date. If a date (other than the Principal Payment Date) that is not a Business Day is specified as an Index Tender Date, then the Index Tender Date shall be the Business Day following such specified date.
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Related to Index Interest Rate Period

  • 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.

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

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

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

  • Weekly Rate Period means any period of time during which a Group of 2020 Series D Variable Rate Bonds bears interest at the Weekly Rate.

  • 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.

  • 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.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Interest Rate Cap means a Cap.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • 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.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Applicable Interest Rate means (i) with respect to any Fixed Rate Indebtedness, the fixed interest rate applicable to such Fixed Rate Indebtedness at the time in question, and (ii) with respect to any Floating Rate Indebtedness, either (x) the rate at which the interest rate applicable to such Floating Rate Indebtedness is actually capped (or fixed pursuant to an interest rate hedging device), at the time of calculation, if Borrower has entered into an interest rate cap agreement or other interest rate hedging device with respect thereto or (y) if Borrower has not entered into an interest rate cap agreement or other interest rate hedging device with respect to such Floating Rate Indebtedness, the greater of (A) the rate at which the interest rate applicable to such Floating Rate Indebtedness could be fixed for the remaining term of such Floating Rate Indebtedness, at the time of calculation, by Borrower’s entering into any unsecured interest rate hedging device either not requiring an upfront payment or if requiring an upfront payment, such upfront payment shall be amortized over the term of such device and included in the calculation of the interest rate (or, if such rate is incapable of being fixed by entering into an unsecured interest rate hedging device at the time of calculation, a fixed rate equivalent reasonably determined by Administrative Agent) or (B) the floating rate applicable to such Floating Rate Indebtedness at the time in question.

  • Daily Rate Period means a period commencing on one Business Day and extending to, but not including, the next succeeding Business Day, during which Multi-Modal Bonds bear interest at the Daily Rate.

  • Interest Reset Period The period beginning on the applicable Reset Date and ending on the calendar day preceding the next Reset Date.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Special Rate Period with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Articles Supplementary.

  • Term Rate Period means any period of time during which a Group of 2021 Series A Variable Rate Bonds bears interest at the Term Rate.

  • Subsequent Rate Period means, with respect to any Series of VMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;