Term Interest Rate definition

Term Interest Rate means the interest rate on the Bonds established in accordance with Section 2.06 hereof.

Term Interest Rate means, with respect to the Term Loan, an interest rate (determined at Borrower’s option from time to time) equal to either (i) the Prime Rate plus the Applicable Margin, or (ii) the LIBOR Rate plus the Applicable Margin.

Term Interest Rate means a non-variable interest rate on the Bonds established in accordance with Section 2.03(E) hereof, or for the initial Term Interest Rate Period, established by the Underwriter prior to sale of the Bonds.

Examples of Term Interest Rate in a sentence

• Short Term Interest Rate FuturesIn Short Term Interest Rate futures (Eurodollars, Eurodollar E-minis, Euribor, T-Bills, OIS, One-Month Eurodollar, Euroyen and 30-Day Fed Funds), inter-commodity futures spreads may be executed as block trades provided that the sum of the legs of the spread meets the larger of the threshold requirements for the underlying products.

• During any Term Interest Rate Period, interest on the Bonds shall be computed upon the basis of a 360-day year, consisting of twelve 30-day months.

• In connection with the mandatory tender of the Series 2003-B Bonds required by the Indenture, the interest rate was converted to a Long Term Interest Rate equal to the OCIP Rate.

• We focus on Short Term Interest Rate Futures contracts and manage interest rate risk, by locking in fixed interest rate.

• Except as otherwise provided in this Section 2.2(b), the principal amount of the Term Loan outstanding from time to time shall bear interest at the applicable Term Interest Rate.

More Definitions of Term Interest Rate

Term Interest Rate means a floating per annum rate of interest equal to the Prime Rate, adjusting daily, plus the Applicable Margin.

Term Interest Rate means a floating per annum rate of interest equal to the LIBOR Rate plus five percent (5.0%) per annum.

Term Interest Rate means the LIBOR Rate plus the Applicable Margin.

Term Interest Rate means, with respect to any Loan, the Borrowing Agent’s option from time to time of (i) a per annum rate of interest equal to the LIBOR Rate plus the Applicable LIBOR Rate Margin for the Term Loan, or (ii) a floating per annum rate of interest equal to the Base Rate plus the Applicable Base Rate Margin for the Term Loan.

Term Interest Rate means Nine Percent (9%) per annum.

Term Interest Rate means (a) in the case of a portion of a Term Loan that is a Base Rate Loan, an interest rate per annum equal to the sum of the Base Rate plus four and three-quarters percent (4.75%) and (b) in the case of a portion of a Term Loan that is a LIBOR Rate Loan, the sum of the LIBOR Rate plus five and three-quarters percent (5.75%); provided, however, the Term Interest Rate shall be subject at all times to the following applicable “floors”: (i) for the purpose of clause (a) above, the Base Rate, irrespective of its actual per annum rate, shall be deemed to be at least 2.25% per annum; and (ii) for the purpose of clause (b) above, the LIBOR Rate, irrespective of its actual per annum rate, shall be deemed to be at least 1.25% per annum.

Term Interest Rate means the Borrower’s floating per annum rate of interest equal to the Prime Rate or the LIBOR Rate.