Variable rate obligation definition

Variable rate obligation means a municipal obligation which bears interest at a variable rate.
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Variable rate obligation means as of any date of determination any Parity Obligation with respect to which the interest rate borne thereby may vary during any part of its remaining term.
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Variable rate obligation means any Bonds or Parity Obligations that are not Fixed Rate Obligations.
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Examples of Variable rate obligation in a sentence

  • Variable rate obligation - The interest rate shown is the rate in effect as of April 30, 2021.

  • The Member States also have a number of legislative and policy instruments that are direct- ly or indirectly relevant to wildlife trade.

  • Variable rate obligation - The interest rate shown is the rate in effect as of October 31, 2020.

  • Variable rate obligation - The interest rate shown is the rate in effect as of April 30, 2020.

  • Variable rate obligation - The interest rate shown is the rate in effect as of April 30, 2018.

  • Date shown as maturity date is next call date.(F) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.(G) Includes hybrid securities with characteristics of both equity and debt that trade with, and pay, interest income.(H) Variable rate obligation.

  • Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.(G) Includes hybrid securities with characteristics of both equity and debt that trade with, and pay, interest income.(H) Variable rate obligation.

  • A forward mortgage-backed securities trade issued by a U.S. Government Agency, to be delivered at anagreed-upon future settlement date.to 05/31/2029 to 05/15/20329,181,000 4,873,0009,017,061 4,829,2131.1% 0.6%(A) Security purchased or sold on a when-issued or delayed delivery3.250%, 06/30/2027 basis.to 06/30/20297,994,0008,081,7531.0%(B) Variable rate obligation.

  • Variable rate obligation - The interest rate shown is the rate in effect as of April 30, 2019.


More Definitions of Variable rate obligation

Variable rate obligation means an Obligation, including Bonds, with respect to which the interest rate varies or may be adjusted by the County from time to time.
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Variable rate obligation means any obligation the Yield on which, under the terms of the obligation, is adjusted periodically according to a prescribed formula such that the Yield over the term of the obligation cannot be determined on the date of original issuance.
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Variable rate obligation means any Obligation, including, without limitation, an auction rate Obligation, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed for the entire term of such Obligation. The interest rate payable with respect to a Variable Rate Obligation may be determined under a remarketing arrangement, with or without reference to an index, through an auction procedure, or by any other procedure determined by Ordinance; provided that the Ordinance shall in any event establish the maximum rate which may be payable with respect to such Variable Rate Obligation.
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Related to Variable rate obligation

  • Fixed Rate Obligation Any Collateral Obligation that bears a fixed rate of interest.

  • Variable Rate Indebtedness means any portion of indebtedness or other payment obligations, the interest rate on which is not established at the time of incurrence and has not at some subsequent date been established at a single numerical rate for the entire term thereof, excluding Paired Obligations.

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.48%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Variable Rate Transaction shall have the meaning ascribed to such term in Section 4.12(b).

  • Base Rate Term Loan means any portion of the Term Loan during any period in which it bears interest based on the Base Rate.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Secured Rate Contract means any Rate Contract between Borrower and the counterparty thereto, which (i) has been provided or arranged by GE Capital or an Affiliate of GE Capital, or (ii) Agent has acknowledged in writing constitutes a “Secured Rate Contract” hereunder.

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Maximum Applicable Rate with respect to APS, has the meaning set forth in Section 11.10(a)(vii) of these Bylaws.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Interest Rate or Currency Protection Agreement of any Person means any forward contract, futures contract, swap, option or other financial agreement or arrangement (including, without limitation, caps, floors, collars and similar agreements) relating to, or the value of which is dependent upon, interest rates or currency exchange rates or indices.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Reference Obligation means an obligation used for the purposes of determining the cash settlement value of a credit derivative;

  • available rate of exchange means the rate at which the Creditor Party concerned is able at the opening of business (London time) on the Business Day after it receives the sum concerned to purchase the Contractual Currency with the Payment Currency. This Clause 21.4 creates a separate liability of the Borrower which is distinct from its other liabilities under the Finance Documents and which shall not be merged in any judgment or order relating to those other liabilities.

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

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • Fixed Rate of Interest means the rate of interest payable from time to time in respect of a Fixed Rate Tier 1 BCN or during the Fixed Interest Rate Period in respect of a Fixed/Floating Rate Tier 1 BCN and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Applicable Rate means a percentage per annum equal to: