MAPS Interest Rate definition

MAPS Interest Rate means the rate equal to the Base Rate established by the MAPS Agent, after consultation with the Company, at or prior to the commencement of the MAPS Mode plus the Applicable Spread, which will be based on the Dollar Price.
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Examples of MAPS Interest Rate in a sentence

  • Provided the MAPS Agent has previously notified the Company and the Trustee on the Notification Date of its intention to purchase all tendered Notes on the MAPS Remarketing Date, the MAPS Agent shall notify the Company, the Trustee and DTC by telephone, confirmed in writing, by 4:00 p.m., New York City time, on the Determination Date, of the MAPS Interest Rate.

  • From, and including, the MAPS Remarketing Date to, but excluding, the next succeeding Interest Rate Adjustment Date, this Note shall bear interest at the MAPS Interest Rate.

  • From, and including, the MAPS Remarketing Date to, but excluding, the next succeeding Interest Rate Adjustment Date, the Notes shall bear interest at the MAPS Interest Rate.

  • The MAPS Interest Rate announced by the MAPS Agent, absent manifest error, shall be binding and conclusive upon the Beneficial Owners and Holders of the Notes, the Company and the Trustee.