Initial Term Rate definition

Initial Term Rate means 2.20% per annum multiplied by the Margin Rate Factor.
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Initial Term Rate means the rate of 1.65% per annum.
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Initial Term Rate means the rate of interest on the Initial Term Rate Bonds set forth on the cover of this Limited Offering Memorandum.
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Examples of Initial Term Rate in a sentence

  • The Initial Term Rate is for Electric Generation Service but excludes other taxes and regulated charges from the utility, including but not limited to, the price of transmission and distribution, the system benefits charge, stranded cost recovery charge, taxes, and any other delivery and distribution charges.

  • The Authority will cause to be delivered to the Trustee an irrevocable letter of credit and related reimbursement agreement, line of credit, standby bond purchase agreement or similar agreement (the “Liquidity Facility”) issued by a liquidity facility provider (together with its successors and assigns or any issuer of any Alternate Liquidity Facility, the “Liquidity Facility Provider”) with respect to the Bonds after the Initial Term Rate Mode, if applicable.

  • During the Initial Term Rate Mode, the 2020A-1 Bonds shall bear interest, payable on each Interest Payment Date, at the Initial Term Rate.

  • Following the Initial Term Rate Mode, the 2020A-1 Bonds shall bear interest at the rate or rates of interest determined in accordance with the Mode applicable to such 2020A-1 Bonds from time to time.

  • DATE OF ORIGINAL ISSUE MATURITY DATE MODE CUSIP April 23, 2020 October 1, 2057 Initial Term Rate 196480 GK7 REGISTERED OWNER: CEDE & CO.

  • Interest on the 2020A-1 Bonds initially will be at a Term Rate determined in accordance with the Indenture in the Initial Term Rate Mode until the Initial Mandatory Purchase Date.

  • When a Term Rate Mode of one year or longer (including the Initial Term Rate Mode) or a Fixed Rate Mode or Bank Loan Mode is in effect with respect to 2020A-1 Bonds, interest shall be calculated on the basis of a 360 day year comprised of twelve 30- day months.

  • The transaction would give rise to a four-to-three situation in Denmark.

  • The Corporation may not withdraw money from the 2012 Series M Bond Proceeds Account unless: (i) the Corporation delivers to the Trustee a Cash Flow Statement or a Cash Flow Certificate and (ii) the amount remaining in the 2012 Series M Bond Proceeds Account and the 2012 Series M Redemption Account after a withdrawal is at least equal to the principal amount of the 2012 Series M Bonds that have not been converted to another interest rate mode while in the Initial Term Rate Term.

  • The 2020A-1 Bonds in the Initial Term Rate Mode are not subject to optional redemption by the Authority.

Related to Initial Term Rate

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • 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.

  • Term Rate means the per annum interest rate with respect to Bonds in the Term Rate Mode determined pursuant to Section 2.09.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • 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).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary).

  • Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any Floating Interest Period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions.

  • Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.

  • Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service methods and appraisal data in effect 45 days prior to the original Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period. In consideration for granting an extension, Purchaser shall pay the Government for Purchaser’s failure to cut and remove timber meeting Utilization Standards prior to Contract Term Extension, an amount that shall be the total of the costs to the Government resulting from the delay in harvest of Included Timber. Such costs will be determined by Forest Service and shall include, but not be limited to, the following:

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Minimum Rate Period means any Rate Period consisting of 7 Rate Period Days.

  • 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.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • End of Term Extension means the time period defined in §2.D.

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • 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.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.