Taxable Fixed Rate definition

Taxable Fixed Rate means the Default Rate.
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Taxable 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 (i) the [LIBOR Index], for the applicable Interest Period, multiplied by (ii) the Applicable Factor plus
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Taxable Fixed Rate means a per annum rate of interest established by the Calculation Agent on each Date of Delivery.
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Examples of Taxable 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.

  • If the Series B Notes are to bear interest at the Taxable LIBOR Index Rate or the Taxable Fixed Rate, the County shall also state in such written direction that the interest on such Series B Notes shall be included in gross income for federal income taxes.

  • The interest rate on the Series B Notes bearing interest at the Taxable LIBOR Index Rate, the Taxable Fixed Rate, the Tax-Exempt LIBOR Index Rate or the Tax-Exempt Fixed Rate shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.


More Definitions of Taxable Fixed Rate

Taxable Fixed Rate means the rate per annum equal to LIBOR for the applicable Interest Period, plus 1.75%.
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Taxable Fixed Rate has the meaning set forth in the Supplemental Trust Agreement.
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Taxable 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 the Eurodollar Rate for the applicable Interest Period, plus the Taxable Applicable Spread; provided, however, that immediately and upon the occurrence of an Event of Default (and without any notice given with respect thereto) and during the continuation of such Event of Default, “Taxable Fixed Rate” shall mean the Default Rate.
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Taxable Fixed Rate means a taxable fixed rate of interest per annum, as determined not more than five (5) Business Days prior to the beginning of the Fixed Rate Period in accordance with the proposal of the Bank to the Agency dated December 1, 2014.
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Related to Taxable Fixed Rate

  • Taxable Rate means, with respect to a Taxable Period, the product of (i) the average interest rate on the Bonds during such period and (ii) 1.54.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;