Examples of Senior Interest Rate in a sentence
Senior Interest Rate: the interest rate per annum applicable to the Senior Notes as determined through book building process.
Senior Interest Amount: in respect of any Interest Period, the product of: (i) the Aggregate Outstanding Note Principal Amount of the Senior Notes as of the beginning of such Interest Period and (ii) the Senior Interest Rate and (iii) the actual number of days elapsed during such Interest Period divided by 365, rounded to the nearest cent.
If, on any such Interest Determination Date, only one or none of the Reference Banks provides the Calculation Agent with such an offered quotation, the Senior Interest Rate for the Interest Period in question shall be the Reserve Interest Rate plus the Relevant Margin.
The notional amount is, at the date the Senior Interest Rate Hedging Agreement was entered into, equivalent to the amount of the Loan, though such amount may decrease to reflect prepayments or repayments of the Loan.
The rate of interest payable from time to time in respect of the Senior Notes (the "Senior Interest Rate") for each Interest Period shall be the aggregate of the Relevant Margin (as defined below) and the Benchmark Rate or, at the election of the Senior Noteholders acting unanimously, the Cost of Funds Rate for such Interest Period.
Any Senior Note Subordinated Interest Amount that is due but unpaid on any Payment Date shall be deferred to the next Payment Date and shall bear interest at the Senior Interest Rate, which shall be due and payable on the next Payment Date.
For further information on risks related to the Senior Interest Rate Hedging Transaction, see "Hedging Risks" at page 41.
This is true even for well meaning activities, such as community development programs.
The ratings of the Notes are dependent upon, among other things, the short-term, unsecured, unsubordinated debt ratings of the Senior Interest Rate Hedging Provider, the Liquidity Facility Provider, the Basis Swap Provider and the Account Bank (all of which are required to have a minimum rating ascribed to them).
With the aim of having a universal control on the self-regulating heating devices by utilizing the advantages of each system, both parallel and series connections between the two systems have been developed and characterized.