Reset Announcement Date definition
Reset Announcement Date means, in the case of the Reset Rate to be determined on the Initial Remarketing Date, the tenth (10th) Business Day immediately preceding August 17, 2004 and, in the case of the Reset Rate to be determined on the Secondary Remarketing Date, the tenth (10th) Business Day immediately preceding the Purchase Contract Settlement Date.
Reset Announcement Date means the tenth Business Day immediately preceding the Purchase Contract Settlement Date.
Reset Announcement Date means the tenth (10) Business Day immediately preceding the Purchase Contract Settlement Date.
Examples of Reset Announcement Date in a sentence
On the Reset Announcement Date the Reset Spread and the Two-Year Benchmark Treasury to be used to determine the Reset Rate will be announced by the Company.
On the Business Day immediately following such Reset Announcement Date, the Holders of Debentures will be notified of such Reset Spread and Two-Year Benchmark Treasury by the Company.
On the Business Day immediately following the Reset Announcement Date, the Preferred Securities Holders will be notified of such Reset Spread and Two-Year Benchmark Treasury by the Company.
On the tenth (10) Business Day immediately preceding the Purchase Contract Settlement Date, the Reset Announcement Date, the Reset Spread and the relevant Two-Year Benchmark Treasury will be announced by the Company.
On the applicable Reset Announcement Date, the Reset Spread and the Two-Year Benchmark Treasury or Two and One-Quarter Benchmark Treasury, as applicable, to be used to determine the Reset Rate will be announced by the Company.
More Definitions of Reset Announcement Date
Reset Announcement Date means the seventh Business Day immediately preceding the Reset Date, the date on which the Reset Spread, and the Applicable Benchmark Treasury will be announced by FPL Group Capital.
Reset Announcement Date means _____________________________.
Reset Announcement Date means the tenth Business Day immediately preceding the applicable Purchase Contract Settlement Date, the date on which Series D Reset Spread or Series E Reset Spread, as applicable, and the applicable Two-Year Benchmark Treasury will be announced by the Company.
Reset Announcement Date means the fifth (5) Business Day immediately preceding the Purchase Contract Settlement Date.
Reset Announcement Date means the [tenth] Business Day ----------------------- immediately preceding ________ __, 2004.
Reset Announcement Date means the seventh Business Day immediately preceding the applicable Reset Date, the date on which the applicable Series K Reset Spread or Series L Reset Spread, as applicable, and the Applicable Benchmark Treasury will be announced by the Company. "RESET DATE" means, as applicable, the Series K Reset Date or the Series L Reset Date. "RESET RATE" means, as applicable, the Series K Reset Rate or the Series L Reset Rate. "RESPONSIBLE OFFICER," when used with respect to the Agent, means any Vice President, Assistant Vice President, Trust Officers or other officer of the Agent assigned by the Agent to the Corporate Trust Administration Division of the Agent (or any successor division or department of the Agent).
Reset Announcement Date means the seventh Business Day immediately preceding the Reset Date, the date on which the Reset Spread, and the Applicable Benchmark Treasury will be announced by FPL Group Capital. "Reset Date" means the Initial Reset Date, or, if the remarketing of the Debentures on the Initial Remarketing Date results in a Failed Remarketing, February 16, 2006, unless a remarketing of the Debentures on the Secondary Remarketing Date results in a Failed Remarketing. "Reset Rate" means the Coupon Rate to be in effect for the Debentures on and after the Reset Date and determined as provided in Section 4.1. "Reset Spread" means an amount determined by the Reset Agent which, when added to the Applicable Benchmark Treasury in effect on the third Business Day immediately preceding the Reset Date, will produce the rate the Debentures should bear in order to have an approximate market value on the third Business Day immediately preceding the Reset Date of 100.5% of (a) the Treasury Portfolio Purchase Price, if the Reset Date is the Initial Reset Date, or (b) their aggregate principal amount if the Reset Date is February 16, 2006; provided that the Reset Rate shall in no event exceed the maximum permitted by applicable law. "Responsible Officer," when used with respect to the Agent, means any officer within the corporate trust department of the Agent, including any vice president, assistant vice president, assistant secretary, assistant treasurer trust officer or any other officer of the Agent who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such persons' knowledge of any familiarity with the particular subject. "Secondary Remarketing Date" means the third Business Day immediately preceding February 16, 2006. "Security" means a Corporate Unit or a Treasury Unit. "Senior Indebtedness" means indebtedness of any kind of the Company (including the guarantee of the Debentures pursuant to the Guarantee Agreement) unless the instrument under which such indebtedness is incurred expressly provides that it is in parity or subordinate in right of payment to the Contract Adjustment Payments. "Settlement Rate" has the meaning specified in Section 5.1.