TENR definition

TENR means the rate announced by Bankers Trust Company, New York, New York at its principal office as the annual rate of interest which is indicative of current bid-side yields on high-quality, short-term, tax-exempt obligations, which rate shall be announced by Bankers Trust Company as of the close of business on Wednesday in each calendar week until the earlier of the Conversion Date or payment in full of the Notes or, if Wednesday in any calendar week shall not be a Bankers Trust Business Day, on the next succeeding Bankers Trust Business Day. TENR shall be effective during the period from and including the day next succeeding the day on which Bankers Trust Company announces TENR to and including the day on which Bankers Trust Company next announces TENR. TENR shall be communicated by Bankers Trust Company to the Trustee and the Remarketing Agent on the same day that TENR is announced. The Remarketing Agent shall inform the Trustee and the Bank in writing of any adjustments to the TENR Amount required by clause (i) above. The Trustee shall inform the Issuer and the Company of TENR and of any such adjustments to the TENR Amount. TENR is a Service Mark ▇▇ Bankers Trust Company, New York, New York. Anything herein to the contrary notwithstanding, the Floating Rate shall in no event exceed 1'% per annum. The announcement of TENR or any adjustments to the TENR Amount or the determination of AIR as contemplated by the foregoing paragraphs shall be conclusive and binding upon the Trustee, the Issuer, the Company and the Owners of the Notes.
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Examples of TENR in a sentence

  • The Remarketing Agent shall inform the Trustee in writing of any adjustments to the TENR Amount required by clause (i) above.

  • TENR shall be communicated by Bankers Trust Company, New York, New York to the Trustee and Remarketing Agent on the same day that TENR is announced.

  • TENR is a Service Mark ▇▇ Bankers Trust Company, New York, New York.

  • When a Fund enters into a transaction with Dealer to sell a "TENR" position, the Fund will notify a SSB Administrator.

  • Chapter 13 The 4q27 locus consists of a large region of strong linkage disequilibrium encoding the genes KIAA1109, TENR, IL2, and IL21.

  • The Trustee shall inform the Company of TENR and of any such adjustments to the TENR Amount.

  • TENR shall be effective during the period from and including the day next succeeding the day on which Bankers Trust Company announces TENR, to aid including the day on which Bankers Trust Company next announces TENR.

  • The announcement of TENR and the determination of any adjustments to the TENR Amount as contemplated by the foregoing paragraphs shall be conclusive and binding upon the Trustee, the Tender Agent, the Authority, the Company and the Owners of the Bonds.