Redemption Rate definition

Redemption Rate means the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Security (as specified in the relevant Final Terms) on the fourth business day preceding the Optional Redemption Date at 11.00 a.m. (Central European time (CET)).

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Redemption Rate means (unless otherwise specified in the Final Terms) the average (rounded to the nearest whole multiple of 0.001%, with 0.0005% being rounded upwards) of such number of quotations as are available from the Reference Dealers (or, if only one such quotation is available, such quotation) of the mid-market annual yield to maturity of the Reference Security (as specified in the relevant Final Terms) (or, if the Reference Security is no longer outstanding, the Similar Security) on the fourth business day preceding the Optional Redemption Date at 11:00 a.m. (Paris time)), all as determined by the Make-Whole Call Calculation Agent.

Redemption Rate means MIN (101%; 100% x Exp (T x 0.74720148386%)), rounded down to the 9th decimal.

Examples of Redemption Rate in a sentence

• If BSTI shall fail to pay the applicable Mandatory Redemption Price to such holder on a timely basis as described in this Section 11(c) (other than pursuant to a dispute as to the determination of the Closing Bid Price or the arithmetic calculation of the Redemption Rate), such unpaid amount shall bear interest at the rate of 1% for the first month and a rate of 2.0% per month thereafter (prorated for partial months) until paid in full.

• These calculations include, but are not limited to, determination of the applicable Settlement Rate, the Fixed Settlement Rates, the Early Settlement Rate, the Early Mandatory Settlement Rate, the Merger Redemption Rate, the Fundamental Change Early Settlement Rate, the Applicable Market Value, the Redemption Market Value, the Market Value and the Daily VWAP, as the case may be.

• If the Corporation shall fall to redeem all of the Series A Preferred Shares submitted for redemption (other than pursuant to a dispute as to the determination of the Closing Bid Price or the arithmetic calculation of the Redemption Rate), the applicable redemption price payable in respect of such unredeemed Series A Preferred Shares shall bear interest at the rate of 2.5% per month (pro rated for partial months) until paid in full.

• These calculations include, but are not limited to, determination of the applicable Fixed Settlement Rates, the Early Settlement Rate, the Acquisition Redemption Rate, the Early Mandatory Settlement Rate, the Fundamental Change Early Settlement Rate, the Closing Price, the Reference Price and the Threshold Appreciation Price as the case may be.

• On the Calculation Date, the Calculation Agent shall calculate the Make-Whole Redemption Rate applicable on the relevant Make-Whole Redemption Date and determine the relevant Make-Whole Redemption Amount and, promptly on or not later than the Business Day immediately following the Calculation Date, the Calculation Agent shall notify the Issuer, the Fiscal Agent, the Noteholders.

More Definitions of Redemption Rate

Redemption Rate means the number of covered beverage

Redemption Rate means MIN (101 per cent.; 100 per cent. x Exp (T x 0.7472014839 per cent.), rounded down to the 9th decimal.

Redemption Rate means the number of covered beverage containers redeemed for the recycling refund divided by the number of covered beverage containers sold in the state in a calendar year.

Redemption Rate means the number of offers redeemed divided by the total number of transaction offers presented.

Redemption Rate means MIN (101%; Re-offer Price in % x Exp (T x 0.74720148386%)), rounded down to the ninth decimal.

Redemption Rate means the number of covered beverage containers redeemed for

Redemption Rate means MIN (101%; Re-offer Price in % x Exp (T x 0.74720148386%)), rounded down to the ninth decimal, whereby “Re-offer Price” means 100%, “T” means the time, expressed in decimals of a year, elapsed from (and including) the Issue Date until (and including) the relevant redemption date. For the avoidance of any doubt, “Exp” means the exponential function meaning the function ex, where e (Euler’s number) is the number (approximately 2.718) such that the function ex equals its own derivative.