Examples of Reference Corporate Dealers in a sentence
If fewer than five Reference Corporate Dealers bid as described above, then the Applicable Spread shall be the lowest of such bid indications obtained as described above.
The Class A Remarketing Agent shall request that Bids be received from such Reference Corporate Dealers and all other bidders by 3:00 p.m., New York City time, on the Business Day immediately preceding the relevant Class A Mandatory Remarketing Date.
For this purpose, the following terms shall have the following meanings: Applicable Spread" shall be the lowest Bid, expressed as a spread (in the form of a percentage or in basis points) above the Base Rate for the ROARS, obtained by the Remarketing Dealer at 3:30 p.m., New York City time, on the Fixed Rate Determination Date from the Bids quoted to the Remarketing Dealer by five Reference Corporate Dealers.
If fewer than five Reference Corporate Dealers submit Bids as set forth in this subsection (b)(i) of Section 3.2, then the Applicable Spread shall be the lowest such Bid obtained as set forth in this subsection (b)(i) of Section 3.2. The Interest Rate to Maturity for the ROARS announced by the Remarketing Dealer, absent manifest error, shall be binding and conclusive upon the holders of beneficial interests in the ROARS (the "Beneficial Owners"), the Company and the Trustee.
The “ New Coupon Rate” shall be based on the Dollar Price (as defined below) of the Notes as determined from the lowest Bid (as defined below), expressed as a rate of interest (in the form of a percentage) obtained by the Remarketing Dealer prior to 3:00 p.m., New York City time, on the Determination Date from the Bids quoted to the Remarketing Dealer by up to five Reference Corporate Dealers (as defined below).