Interest Payment Rate definition

Interest Payment Rate means the lesser of (a) $0.0625 or (b) 100% of the closing sale price on the Trading Day that is immediately prior to the applicable Interest Payment Date. In no event shall the Interest Payment Rate be greater than $0.25.
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Interest Payment Rate means the Prime Rate plus two (2%) percent. ---------------------
Sample 1
Interest Payment Rate means the lesser of the Conversion Price and 90% of the Market Price as of the Interest Payment Date for which the Interest Payment Rate is being determined.
Sample 1

Examples of Interest Payment Rate in a sentence

  • Any difference between the New Interest and the Old Interest that has accrued but has not be paid to the Holder shall be paid by the Company, at its option may in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock of the Company at the Interest Payment Rate or in cash.

  • Commencing with the January 1, 2024 Interest Payment Date and thereafter, the Company, at its option may make interest payments and payment of other amounts due and payable under this Note in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock of the Company at the Interest Payment Rate or in cash.

Related to Interest Payment Rate

  • Interest Payment means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

  • Compulsory Interest Payment Date means any Interest Payment Date unless at the Assemblée Générale of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year ended immediately prior to such Assemblée Générale, no resolution was passed to pay a dividend on the ordinary share capital of the Issuer in respect of such previous fiscal year and

  • Payment Rate means the rate (expressed in £/MWh, £/Mvarh or £/MWs2h as appropriate ) for the calculation of payments for DS3 System Services as specified in the Charging Statement;

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.