Weekly Rate definition

Weekly Rate means the Interest Rate Mode for the Bonds in which the interest rate on such Bonds is determined weekly in accordance with Section 2.02(c)(iii).

Weekly Rate means the rate of interest on a Group of 2024 Series A Variable Rate Bonds described in Section 301 of Appendix A hereto.

Weekly Rate means an interest rate on the Bonds set under Section 2.02(a)(2).

Examples of Weekly Rate in a sentence

• Each Weekly Rate will be the minimum rate necessary (as determined by the Remarketing Agent based on the examination of tax-exempt obligations comparable to the Bonds known by the Remarketing Agent to have been priced or traded under then prevailing market conditions) for the Remarketing Agent to sell the Bonds on the date the rate is set at their principal amount (without regard to accrued interest).

• In the week of the first public performance in each city where there is a combination of performance and non-performance days during that week (and lay off is not applicable) payment will be made on the basis of one sixth of the Total Negotiated Weekly Rate set out in clause 4(1) of the Employees' Standard Contract for non- performing days and one eighth of the Total Negotiated Weekly Rate set out in clause 4(2) for each performance.

• If such new interest rate shall be a Daily Rate or a Weekly Rate, the first Interest Period relating thereto shall begin on the effective date of such new interest rate and end on the last day of the then current calendar month, for which the Interest Payment Date and the Record Date shall be as prescribed in this Table.

• Thereafter, each Weekly Rate shall apply to (i) the period beginning on the Wednesday after the Weekly Rate is set and ending on the following Tuesday or, if earlier, ending on the day before the effective date of a new method of determining the interest rate on the Bonds or (ii) the period beginning on the effective date of the change to a Weekly Rate and ending on the next Tuesday.

• When interest on the Bonds is payable at a Weekly Rate, the Remarketing Agent will set a Weekly Rate on or before 5:00 p.m., New York City time, on the last Business Day before the commencement of a period during which the Bonds bear interest at a Weekly Rate and on each Tuesday thereafter so long as interest on the Bonds is to be payable at a Weekly Rate or, if any Tuesday is not a Business Day, on the next preceding Business Day.

More Definitions of Weekly Rate

Weekly Rate means the rate at which Multi-Modal Bonds bear interest during a Weekly Rate Period. “Weekly Rate Mode” means a Rate Mode in which a Multi-Modal Bonds bear interest at a Weekly Rate. “Weekly Rate Period” means a period of 7 days commencing on the Issue Date, on a Conversion Date or on

Weekly Rate. ’ means the rate at which Multi-Modal Bonds bear interest during a Weekly Rate Period.

Weekly Rate means the rate of interest that is set on the Bonds while they are in the Weekly Rate Mode.

Weekly Rate means with respect to each Calculation Period during a Weekly Rate Period, a rate of interest equal to the rate of interest per annum established and certified to the Trustee (with a copy to the Authority, the Registrar and Paying Agent and the Company) by the Remarketing Agent no later than 12:00 noon (New York City time) on and as of the Determination Date as the minimum rate of interest per annum which, in the opinion of the Remarketing Agent, would be necessary on and as of such day to remarket Bonds in a secondary market transaction at a price equal to the principal amount thereof plus accrued interest thereon; provided that such rate of interest shall not exceed the lesser of 110% of the Weekly Rate Index on and as of such date and the Maximum Allowed Rate.

Weekly Rate means the rate of interest to be borne by any of the 202_ Series - Bonds as described in Section C201 hereof.

Weekly Rate means the rate at which Adjustable Rate Bonds bear interest during a Weekly Rate Period.

Weekly Rate. Annual Salary" as described in this Article divided by fifty-two (52).