Taxable Interest Rate definition

Taxable Interest Rate means at the election of the City either (i) an annual interest rate equal to the median value of the Corporate BBB Bond Index Rate (20- year) as published by Bloomberg on the last business day prior to the Issuance Date of the applicable obligations plus 195 basis points, or (ii) an annual rate equal to the 20-year constant maturity treasury rate published in the daily Federal Reserve Release on the last business day prior to the Issuance Date of the applicable obligation plus [380] basis points, but in either case, in no event exceeding nine percent (9%) per annum.
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Taxable Interest Rate means an annual interest rate equal to the median value of the Corporate BBB Bond Index Rate (20-year) as published by Bloomberg on the last business day prior to the Issuance Date of the applicable obligations plus 195 basis points, but in no event exceeding nine percent (9%) per annum.
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Taxable Interest Rate means an interest rate of % per annum.
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Examples of Taxable Interest Rate in a sentence

  • Anything herein to the contrary notwithstanding, in the event that the Village is unable to provide a legal opinion that the Developer Note is tax exempt, the sole remedy for Developer shall be earning the higher, Taxable Interest Rate specified in the Developer Note.

  • Grades: K – 5 Minutes/Week: Grades: 6 – 8 Minutes/Week:Grades: 9 – 12 Minutes/Week:210210 Note: Please state the curriculum’s full name.

  • The Series 2019 Bonds were initially issued the Taxable Interest Rate of 3.65%.

  • The amount to be prepaid pursuant to this Section shall be equal to the princi- pal amount of all Outstanding Bonds, plus accrued interest at the Taxable Interest Rate to their redemp- tion date to the extent the interest is taxable income to the Registered Owners of the Bonds, plus any applicable Prepayment Charge.

  • The Accrued Interest Rate has been 5.6% from the date the pay-as-you-go obligations were incurred and, going forward, the Taxable Interest Rate on the pay-as-you-go reimbursement obligations shall be reset at the beginning of each quarter during the calendar year.

  • Manusyan, Civil Society, Development and Environmental Activism in Armenia, Yerevan: City Print House, 2013, p.

  • See Table 3C-2 for a list of plants and wildlife observed on December 1, 2006, and July 27, 2008.

  • Interest shall be calculated on the outstanding principal amount of this Bond frpm the date of the authentication of this Bond at an interest rate per annum equal to the Interest Rate, provided however that the interest rate shall be adjusted to the then existing Interest Rate on each Adjustment Date; and further provided that from and after any Effective Date of Taxability, as defined in the Loan Agreement, this Bond shall bear interest at the Taxable Interest Rate as adjusted on each Adjustment Date.

  • On and after a Determination of Taxability (as defined in the Continuing Covenant Agreement), this Borrower Note shall bear interest at the Taxable Interest Rate (as defined in the Continuing Covenant Agreement).

  • Interest shall be calculated on the then outstanding principal amount of this Bond (not on the unpaid principal amount of the Promissory Note) from the date hereof at the Interest Rate as provided herein; provided, however, that from and after any Effective Date of Taxability, as defined in the Loan Agreement, this Bond shall bear interest at the Taxable Interest Rate.


More Definitions of Taxable Interest Rate

Taxable Interest Rate means a rate of interest per annum equal to the LIBOR Rate plus 2.50%. The Taxable Interest Rate shall be adjusted to the then existing Taxable Interest Rate on each Adjustment Date.
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Taxable Interest Rate means the applicable rate of interest on any Bond plus four percent (4%) per annum; provided that it shall never exceed nine percent (9%) per annum.
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Related to Taxable Interest Rate

  • Applicable Interest Rate means (i) with respect to any Fixed Rate Indebtedness, the fixed interest rate applicable to such Fixed Rate Indebtedness at the time in question, and (ii) with respect to any Floating Rate Indebtedness, either (x) the rate at which the interest rate applicable to such Floating Rate Indebtedness is actually capped (or fixed pursuant to an interest rate hedging device), at the time of calculation, if Borrower has entered into an interest rate cap agreement or other interest rate hedging device with respect thereto or (y) if Borrower has not entered into an interest rate cap agreement or other interest rate hedging device with respect to such Floating Rate Indebtedness, the greater of (A) the rate at which the interest rate applicable to such Floating Rate Indebtedness could be fixed for the remaining term of such Floating Rate Indebtedness, at the time of calculation, by Borrower’s entering into any unsecured interest rate hedging device either not requiring an upfront payment or if requiring an upfront payment, such upfront payment shall be amortized over the term of such device and included in the calculation of the interest rate (or, if such rate is incapable of being fixed by entering into an unsecured interest rate hedging device at the time of calculation, a fixed rate equivalent reasonably determined by Administrative Agent) or (B) the floating rate applicable to such Floating Rate Indebtedness at the time in question.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Class E Interest Rate means 4.67% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • 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;

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Adjusted Net Mortgage Interest Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Interest Rate less the Expense Fee Rate.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.

  • Capped Interest Rate is defined in the Note, if applicable.

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Mortgage Interest Rate For any Mortgage Loan, the per annum rate at which interest accrues on such Mortgage Loan pursuant to the terms of the related Mortgage Note.

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • 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.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Delayed Payment Interest Rate means the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive’s separation from service.

  • Monthly Excess Interest Amount With respect to each Distribution Date, the amount, if any, by which the Interest Funds for such Distribution Date exceeds the aggregate amount distributed on such Distribution Date pursuant to Section 4.04(b) (other than the last clause thereof).

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Weighted Average Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.