Tax-Exempt Fixed Rate definition

Tax-Exempt Fixed Rate means a per annum rate of interest established by the Calculation Agent on each Date of Delivery.
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Tax-Exempt Fixed Rate means an annualized fixed rate, for the applicable Interest Period, (rounded upward to the fifth-decimal place) that is equal to the sum of (a) the product of
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Tax-Exempt Fixed Rate has the meaning set forth in the Supplemental Trust Agreement.
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Examples of Tax-Exempt Fixed Rate in a sentence

  • Anything herein to the contrary notwithstanding, in the event of a failure for any reason of the County to satisfy the conditions of Section 4.07 hereof in connection with the proposed purchase of a Taxable Fixed Rate Note or a Tax-Exempt Fixed Rate Note on the proposed Date of Purchase as established in the related Request for Purchase, the County shall pay to the Purchaser the applicable Breakage Fee as set forth in the Fixed Rate Addendum to the related Request for Purchase.


More Definitions of Tax-Exempt Fixed Rate

Tax-Exempt Fixed Rate means an annualized fixed rate, for the applicable Interest Period, (rounded upward to the fourth decimal place) that is equal to the sum of (a) the product of
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Tax-Exempt Fixed Rate means the Default Rate.
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Tax-Exempt Fixed Rate means the rate per annum equal to LIBOR for the applicable Interest Period, plus 1.35%.
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Tax-Exempt Fixed Rate. One Year” shall mean the Default Rate.
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Tax-Exempt Fixed Rate. Two Year” shall mean the Default Rate.
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Related to Tax-Exempt Fixed Rate

  • Tax Exempt Obligations means any bond, note or other obligation issued by any person, the interest on which is excludable from gross income for federal income tax purposes.

  • Tax-Exempt means with respect to interest on any obligations of a state or local government, including the Bonds, that such interest is excluded from gross income for federal income tax purposes; provided, however, that such interest may be includable as an item of tax preference or otherwise includable directly or indirectly for purposes of calculating other tax liabilities, including any alternative minimum tax or environmental tax, under the Code.

  • Tax-Exempt Bonds means Bonds of a Series the interest on which, in the opinion of Bond Counsel on the date of original issuance thereof, is excludable from gross income for federal income tax purposes.

  • Tax-Exempt Organization means a "governmental unit," as such term is used in Sections 141 and 148 of the Code.

  • Day Count Fraction means, in respect of the calculation of an amount of interest on any Note for any period of time (from and including the first day of such period to but excluding the last) (whether or not constituting an Interest Period or an Interest Accrual Period, the “Calculation Period”):

  • Reference Rate means the rate specified as such hereon.

  • Modified Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Treasury Rate means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

  • Preceding Business Day Convention means that the relevant date shall be brought forward to the first preceding day that is a Business Day;

  • Adjusted Treasury Rate means, with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.