Interest Rate Election Date definition

Interest Rate Election Date is defined in Section 1.4(d) hereof.
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Interest Rate Election Date is defined in Section 2.3(d).
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Interest Rate Election Date means any date as of which, under Section 2.5, the Borrower (a) obtains Loans, (b) converts Loans of one Type to another Type, or (c) continues as Loans of the same Type, but with a new Interest Period, Loans having Interest Periods expiring on such date.
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Examples of Interest Rate Election Date in a sentence

  • Any such facility fee for the quarter in which Interest Rate Election Date (if any) occurs shall be prorated according to the number of days remaining in such quarter.

  • Such facility fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the Interest Rate Election Date (if any)) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the facility fee for the period to the date of such termination in whole shall be paid on the date of such termination.

  • Commencing on the first day following the Interest Rate Election Date (if any), the Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a facility fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Revolving Credit Commitments, whether or not in use.

  • Any such commitment fee for the first quarter following Closing Date or the quarter in which Interest Rate Election Date (if any) occurs shall be prorated according to the number of days this Agreement was in effect during such quarter.

  • Each Interest Rate Notice, Notice of Borrowing or request for a Letter of Credit (as the case may be) submitted by the Borrower hereunder shall constitute a representation and warranty by the Borrower hereunder, as of the date of each such notice and as of each Interest Rate Election Date, as applicable, that the conditions in this Section 5.2 are satisfied.

  • If Borrower fails so to advise Bank in writing of its Rate Election on or before the applicable Interest Rate Election Date then, during the next following Interest Period, all interest shall accrue on the outstanding Principal Balance, or such portion thereof for which a Rate Election has not been designated by such Interest Rate Election Date, at the LIBOR Interest Rate based upon a "one-day" LIBOR Rate.

  • Interest Rate Election Date: means a date in each calendar month which is one (1) business day before the commencement of the next succeeding Interest Period.

  • No later than each Interest Rate Election Date, Borrower shall advise Bank in writing of Borrower's election (the "Rate Election") of the portions of the Principal Balance for which interest shall accrue during the next succeeding Interest Period at either the LIBOR Interest Rate or the Prime Interest Rate.

  • Any such commitment fee for the first quarter following the Closing Date or the quarter in which Interest Rate Election Date (if any) occurs shall be prorated according to the number of days this Agreement was in effect during such quarter.

  • ALL OBLIGATIONS PROVIDED FOR IN THIS SECTION 18.4 SHALL SURVIVE REPAYMENT OF THE LOANS, CANCELLATION OF THE NOTES, EXPIRATION OR TERMINATION OF THE LETTERS OF CREDIT, ANY FORECLOSURE UNDER, OR ANY MODIFICATION, RELEASE OR DISCHARGE OF, ANY OR ALL OF THE COLLATERAL DOCUMENTS AND TERMINATION OF THIS AGREEMENT.


More Definitions of Interest Rate Election Date

Interest Rate Election Date means any date as of which, the Borrower
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Interest Rate Election Date means the Interest Payment Date on which the Interest Rate Election is exercised, as set forth in the Interest Rate Election Notice.
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Interest Rate Election Date means the Interest Payment Date on which the Interest Rate Election is exercised, as set forth in the Interest Rate Election Notice. Notwithstanding the foregoing, upon the occurrence of the Swap Termination Date, if the Securities of this series shall then bear interest at the Floating Rate, the Holders of not less than 66 2/3% in aggregate principal amount of the Securities of this series will have the right to elect to convert the interest rate on all, but not less than all, of the Securities of this series from the Floating Rate to the Fixed Rate by delivering to the Company and the Trustee irrevocable written notice of such Holders' election to so convert the interest rate. Such notice to the Company and the Trustee shall set forth the name of the Holders exercising such right and a statement that the Swap Termination Date has occurred and that the Holders wish to exercise their right to convert the interest rate pursuant to this Section. Any exercise of such conversion right shall be irrevocable. Upon receipt of such notice by the Company, (i) any Floating Rate Period then in effect shall terminate, (ii) a Fixed Rate Period will then be in effect and be deemed to have been in effect at all times from the then most recent Interest Payment Date on which interest has been paid or duly provided for (or, if no interest has been paid or duly provided for on any Interest Payment Date, October 1, 1997) and (iii) no Floating Rate Period shall thereafter be in effect at any time. The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants and Events of Default with respect to this Security upon compliance with certain conditions set forth in the Indenture. This Security is subject to optional redemption, in a whole but not in part, from time to time and at any time (such redemption, an "Optional Redemption", and the date thereof, the "Optional Redemption Date"), upon not less than 30 days' notice to the Holders (with a copy thereof to the Swap Counterparty), at a redemption price equal to the sum of (A) the greater of (i) 100% of the principal amount hereof to be redeemed and (ii) the sum of the present values of the Remaining Scheduled Payments hereon discounted to the Optional Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points, less the Applicable Accrued Interest Amount, plus (B) the Applica...
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Related to Interest Rate Election Date

  • Notice of Interest Rate Election has the meaning set forth in Section 2.08.

  • 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 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.

  • 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.

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

  • 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.

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

  • Other Benchmark Rate Election means, with respect to any Loan denominated in Dollars, if the then-current Benchmark is the LIBO Rate, the occurrence of:

  • Interest Rate Cap means a Cap.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • Election Date has the meaning specified in Section 312(h).

  • 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 Calculation Date if applicable, shall have the meaning set forth in the Series Term Sheet.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

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

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

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

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Subsequent Interest Period has the meaning specified in Section 3.7.

  • 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.

  • 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.

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date.