Weekly Rate Calculation Date definition

Weekly Rate Calculation Date means Wednesday in each calendar week or, if any Wednesday is not a Business Day, the first Business Day preceding such Wednesday.
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Weekly Rate Calculation Date means Tuesday in each calendar week or, if any Tuesday is not a Business Day, the first Business Day preceding such Tuesday.
Sample 1
Weekly Rate Calculation Date means Tuesday in each calendar week or, if any Tuesday is not a Business Day, the first Business Day preceding such Tuesday and "Weekly Rate Period" means the seven-day period commencing on the first Wednesday following the corresponding Weekly Rate Calculation Date and running through Tuesday of the following calendar week, except that (i) the first Weekly Rate Period commences on the Issuance Date and ends on and includes the first Tuesday occurring after the Issuance Date, (ii) the first Weekly Rate Period following a conversion from a Term Mode to the Weekly Mode commences on the date of such conversion and ends on and includes the first Tuesday occurring after such conversion date and (iii) the last Weekly Rate Period prior to a conversion from the Weekly Mode to a Term Mode or Fixed Mode ends on and includes the last day immediately preceding the date of such conversion. If for any reason the Remarketing Agent does not determine a Weekly Rate for any Weekly Rate Period as aforesaid, or if a court holds a rate for any Weekly Rate Period to be invalid or unenforceable, the Weekly Rate for that Weekly Rate Period will be equal to the Weekly Rate in effect for the immediately preceding Weekly Rate Period. The Weekly Rate for any consecutive Weekly Rate Period for which the Remarketing Agent does not determine a Weekly Rate, or a court holds a rate to be invalid or unenforceable, will be the arithmetic average of the daily 30-day (one-month) dealer (non-finance company) commercial paper rates for the Business Days during the seven-day Monday through Sunday period ending on the Sunday next preceding the first day of such Weekly Rate Period as reported in the weekly statistical release published by the Board of Governors of the Federal Reserve System entitled H.15 (519) for such Business Days; provided that if such statistical release (or a substitute therefor) ceases to be published by the Federal Reserve System, then the dealer commercial paper rates to be used will be the rates published in the money rates section of The Wall Street Journal (or any successor publication) as the rates of high-grade unsecured notes sold through dealers by major corporations in multiples of $1,000 for such Business Days. No notice of Weekly Rates will be given to the Holders of the Bonds; however, the Holders may obtain Weekly Rates from the Trustee or the Remarketing Agent. The determination of the Weekly Rate by the Remarketing Agent will be conclusive and binding upon th...
Sample 1

Examples of Weekly Rate Calculation Date in a sentence

  • Notice of such Weekly Rate shall be given by the Remarketing Agent to the Trustee by the close of business on the Weekly Rate Calculation Date.

  • The Remarketing Agent shall file such certification with the Trustee by the close of business on the Weekly Rate Calculation Date.

  • If a party is considering withdrawing from Mediation, the party is asked but not required to return to the Mediation table for a short session sufficient to provide an opportunity to clear up misunderstandings, if any, and to assure that all participants are on notice that alternatives such as court process may be pursued.

  • For each Weekly Rate Period, the interest rate on the Notes in the Weekly Mode shall be the current market rate determined by Remarketing Agent on the immediately preceding Weekly Rate Calculation Date, in accordance with this Section.

  • For each Weekly Rate Period and so long as the Bonds are in the Weekly Mode, the interest rate on the Bonds shall be the current market rate determined by the Indexing Agent on the immediately preceding Weekly Rate Calculation Date, in accordance with this Section.

  • On each Weekly Rate Calculation Date, Remarketing Agent shall determine the Weekly Interest Rate for the next succeeding Weekly Rate Period as the rate which, if borne by the Notes in the Weekly Mode, would, in the judgment of Remarketing Agent, be the lowest interest rate necessary to enable Remarketing Agent to arrange for the sale of all of the Outstanding Notes in the Weekly Mode at a price equal to the principal amount thereof plus accrued interest thereon.

  • Notice of such Weekly Rate shall be given by the Remarketing Agent to the Trustee in writing by the close of business on the Weekly Rate Calculation Date.

  • The Weekly Rate for any consecutive succeeding Weekly Rate Period for which the Remarketing Agent does not determine a Weekly Rate, or a court holds a rate to be invalid or unenforceable, shall be the rate per annum equal to 115% of the interest rate per annum for 30-day commercial paper having a rate of A-2/P-2 as reported in the Wall Street Journal on such Weekly Rate Calculation Date.

  • Accelerated are the processes of information space computeriza- tion.Fifthly, science becomes the main productive force and harmoniously enters a production process.

  • Notice of such Weekly Rate shall be given by the Indexing Agent to the Trustee and the Remarketing Agent by the close of business on the Weekly Rate Calculation Date.


More Definitions of Weekly Rate Calculation Date

Weekly Rate Calculation Date means Wednesday in each calendar week or, if any Wednesday is not a Business Day, the first Business Day preceding such Wednesday, and "Weekly Rate Period" means the seven-day period commencing on the first Thursday following the corresponding Weekly Rate Calculation Date and running through Wednesday of the following calendar week, except that (i) the first Weekly Rate Period shall commence on the Series Issue Date and end on and include the first Wednesday occurring after the Series Issue Date, (ii) the first Weekly Rate Period following a conversion from a Term Mode to the Weekly Mode shall commence on the date of such conversion and end on and include the first Wednesday occurring after such conversion date and (iii) the last Weekly Rate Period prior to a conversion from the Weekly Mode to a Term Mode shall end on and include the last day immediately preceding the date of such conversion. If for any reason the Remarketing Agent does not determine a Weekly Rate for any Weekly Rate Period as aforesaid, or if a court holds a rate for any Weekly Rate Period to be invalid or unenforceable, the Weekly Rate for that Weekly Rate Period shall be equal to the Weekly Rate in effect for the immediately preceding Weekly Rate Period. The Weekly Rate for any consecutive Weekly Rate Period for which the Remarketing Agent does not determine a Weekly Rate, or a court holds a rate to be invalid or unenforceable, shall be the 30- day tax-exempt commercial paper rate published for that Weekly Rate Period by Munifacts Wire System, Inc. (or a replacement publisher of a tax-exempt commercial paper rate designated in writing by the Issuer to the Trustee and Remarketing Agent in the event Munifacts Wire System, Inc. no longer publishes such rate), representing, as of the publication date, the average of 30-day yield evaluations at par of tax- exempt securities rated by each Rating Service in its highest commercial paper rating category; provided that if Munifacts Wire System, Inc. or such replacement publisher does not publish such a tax-exempt commercial paper rate on a day on which a Weekly Rate is to be set, the Weekly Rate shall be 85% of the interest rate for 30-day taxable commercial paper (prime paper placed through dealers) announced on such day by the Federal Reserve Bank of New York. No notice of Weekly Rates will be given to the Holders of the Bonds; however, the Holders may obtain Weekly Rates from the Trustee or the Remarketing Agent. The determination of the Weekl...
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Related to Weekly Rate Calculation Date

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • Weekly Rate Period means any period of time during which a Group of 2020 Series D Variable Rate Bonds bears interest at the Weekly Rate.

  • RMB Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and in New York City.

  • The calculation date means the first date on which the purchasers of ordinary shares of the Company shall not be granted the rights to receive the dividend payment (the first date that the SET posts XD sign).

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events:

  • Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and New York City;

  • Interest Calculation Date if applicable, shall have the meaning set forth in the Series Term Sheet.

  • 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).

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Calculation Date means each day on which the Reference Price is published by the Index Sponsor or the Index Calculation Agent, as the case may be.

  • Daily Rate Period means a period commencing on one Business Day and extending to, but not including, the next succeeding Business Day, during which Multi-Modal Bonds bear interest at the Daily Rate.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • RMB Rate Calculation Agent means the agent appointed from time to time by the Issuer for the determination of the RMB Spot Rate or identified as such in the relevant Final Terms.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Interest Calculation Period means the period or periods for the calculation of the interest shown on the mortgage form;

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on March 20, 2020 and ending on and including June 19, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Fixed Rate Period has the meaning set forth in Section 2.5(b)(i) hereof.

  • Computation Date is defined in Section 2.04.

  • Redemption Calculation Date means the sixth Payment Business Day prior to the date on which the Notes are redeemed as a result of any event specified in this § 5(3).(b) Notice of redemption shall be given by the Issuer to the Holders in accordance with § 14 and shall be delivered to the Fiscal Agent not less than 15 days before and shall at least specify:

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;