Long-Term Rate definition

Long-Term Rate means the fixed interest rate the Bank and the Borrower agree will apply to the portion during the applicable interest period.

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Long-Term Rate means the Interest Rate Mode for Bonds in which the interest rate on such Bonds is determined in accordance with Section 2.02(c)(vi).

Long-Term Rate means an interest rate on the Bonds set under Section 2.06 hereof.

Examples of Long-Term Rate in a sentence

• The Remarketing Agent shall determine each such Long-Term Rate by the close of business on the Business Day immediately preceding the commencement date of such Long-Term Rate Period.

• Long-Term Rate Periods shall not extend to a date beyond the stated termination date of the Liquidity Facility then in effect.

• When Bonds bear interest at a Long-Term Rate and a new Long-Term Rate is to be determined, the Bonds will be subject to mandatory tender on the effective date of the new Long-Term Rate.

• Any change by the Company of the Long-Term Rate Period may be conditional upon the establishment of an interest rate within certain limits chosen by the Company.

• If the proposed change of the Long-Term Rate Period is cancelled as provided in this paragraph, any mandatory purchase of such Bonds will remain effective.

More Definitions of Long-Term Rate

Long-Term Rate means the per annum interest rate to be determined on any Bond for a term of at least 12 months pursuant to Section 202 hereof.

Long-Term Rate means either a Medium-Term Rate or the Fixed Rate.

Long-Term Rate means an interest rate for a Series of Bonds that is determined for a term of at least 12 months for such Bonds pursuant to Section 2.03(g).

Long-Term Rate will have meaning ascribed to such term in the Boon▇ ▇▇▇enture, the Port Authority Indenture and the Scottsburg Indenture.

Long-Term Rate will have the meaning ascribed to such term in the Indenture, as applicable.

Long-Term Rate means a fixed interest rate equal to the -------------- Bank's Cost of Funds Rate in existence at the time the Long Term Rate is selected

Long-Term Rate means the fixed interest rate the Agent, the Borrowers and the Majority Lenders agree will apply to the Long Term Rate Loan in question during the Applicable Interest Period.