Definition of Taxable Rate

  1. Taxable Rate means the product of (A) the interest rate then in effect and (B) 1.54.

Examples of Taxable Rate in a sentence

  1. Any amounts payable to the Issuer or the Trustee under this Section that are not paid within ten days after written demand therefor shall bear interest at the rate of 2% in excess of the Taxable Rate but not in excess of the maximum rate allowed by applicable law.

Definition of Taxable Rate in Indenture

Taxable Rate means the product of (A) the interest rate then in effect and (B) 1.54.