Interest Rate Conversion Date definition

Interest Rate Conversion Date means the effective date of the Interest Rate Conversion upon which the new interest rate applies. This date shall be set forth in the Conversion Notification Letter.
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Interest Rate Conversion Date shall have the meaning set forth in Section 2.4(b).
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Interest Rate Conversion Date means, for an Interest Rate Conversion, such date as the Bank shall determine on which the Interest Rate Conversion enters into effect, as further specified in the Conversion Guidelines.
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Examples of Interest Rate Conversion Date in a sentence

  • On each Interest Rate Conversion Date (each month end date), the Administrator will calculate the Conversion Margin Reserve Fund Required Amount, equal to the difference between the new teaser rate and the reversionary rate, for the term of the discount period for Interest Rate Conversions.

  • These are optional modifications and should only be performed in specialized applications.

  • Adjustments in management measures may be made through rulemaking if new information demonstrates that there are biological, social, or eco- nomic concerns in the fishery.

  • Your CPD needs must cover a wide range of educational activities that will have an effect across the whole of your professional practice.

  • Regular Interest Rate Conversion Date: [●].Regular Interest Calculation Amount: [As per Additional Conditions].

  • With respect to any Prime Rate Advance, Company has the right, on any or Business Day, as the case may be (a "Interest Rate Conversion Date"), to convert a Prime Rate Advance to a Eurodollar Advance, by giving Administrative Agent a Rollover Notice of such selection at least three (3) Business Days before the Interest Rate Conversion Date.

  • Section 1302 Interest Rate Conversion Date 3GLOSSARY 4 Section 1302 Interest Rate Conversion DateRequirementsThe conversion of the interest rate from fixed to adjustable is mandatory and automatic.

  • With respect to any Prime Rate Advance, Company has the right, on any Business Day, as the case may be (a “Interest Rate Conversion Date”), to convert a Prime Rate Advance to a Eurodollar Advance, by giving Administrative Agent a Rollover Notice of such selection at least three (3) Business Days before the Interest Rate Conversion Date.

  • From and after the date of the Interest Rate Conversion (the "Interest Rate Conversion Date") and for each Interest Accrual Period ending prior to the end of the Floating Rate Period which begins on such Interest Rate Conversion Date, interest on all of the Debentures shall accrue at the Subsequent Floating Rate.

  • Each such Notice of Interest Rate Conversion shall specify (i) the Revolving Credit Loans to be so converted, (ii) the requested Interest Rate Conversion Date, and (iii) the respective amounts of each LIBOR Rate Loan and the Interest Period with respect thereto.


More Definitions of Interest Rate Conversion Date

Interest Rate Conversion Date means that date which is the first day of the first month immediately following receipt by Payee of an applicable Interest Rate Notice of Election.
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Interest Rate Conversion Date means the Payment Due Date coinciding with the expiration of any applicable One Month LIBOR Rate Interest Period.
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Interest Rate Conversion Date means, as to each Loan, February 1, 2023.
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Interest Rate Conversion Date means the date on which Payee makes to Maker an Advance with respect to which Maker has exercised its Interest Rate Conversion Option.
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Interest Rate Conversion Date means the date specified as such in an Interest Rate Conversion Request Response.
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Interest Rate Conversion Date means the date upon which Agent receives evidence in form and substance satisfactory to Agent (i) of the closing of the Equity Transaction (without material contingencies or post closing items); (ii) that Borrower has resumed Normal Construction Activity on the Construction Facilities and the Tequesta Facilities; and (iii) that Borrower has cured all Events of Default and those events which would constitute an Event of Default but for notice and the expiration of relevant cure periods, unless the same have been expressly waived in writing by Agent.
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Related to Interest Rate Conversion Date

  • Interest Rate Change Date The date on which the Mortgage Interest Rate is subject to change as provided in the related Mortgage Note.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • 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.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Automatic Conversion Date has the meaning set forth in Section 7(c).

  • 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.

  • 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.

  • Conversion to Fixed Interest Rate With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • 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 Cap means a Cap.

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

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

  • LIBOR Rate Adjustment Date With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

  • Forced Conversion Amount means the sum of (i) 100% of the aggregate Stated Value then outstanding, (ii) accrued but unpaid dividends and (iii) all liquidated damages and other amounts due in respect of the Series B Preferred Stock.