Weekly Variable Rate definition

Weekly Variable Rate means the estimated amount to be reimbursed to ABX by DHL each week for the costs incurred by ABX on a power-by-the-hour basis under the Delta Engine Agreement and Delta Component Agreement and on a cost-per-landing basis under the Bridgestone Agreement, or any successor(s) to those agreements approved by DHL, which approval shall not be unreasonably withheld or delayed, which amount is set forth in Exhibit G and is subject to adjustment from time to time as provided in Exhibits G and H. Payments of the Weekly Variable Rate for any partial week shall be pro-rated on a daily basis based on a five day week commencing on Monday.
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Weekly Variable Rate with respect to particular Related Bonds, shall have the meaning given that term in the Related Indenture.
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Weekly Variable Rate means the variable rate of interest per annum for a Series of Bonds determined from time to time during the related Weekly Variable Rate Period (as that term is defined in the Indenture) in accordance with the Indenture.
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Examples of Weekly Variable Rate in a sentence

  • The debtors maintain that as CoBank never notified the debtors of any variable rate besides NVAR plus 5.62% in its post-default invoices, which default rate was incorrect, the Weekly Variable Rate charged by7The effective date of the confirmed plan was defined as “twenty (20) Business Days after the date the Confirmation Order becomes a Final Order.” Debtors’ Joint Second Amended Plan, ¶ 2.20.

  • The debtors argue that the relevant rate should be the non-default “Weekly Variable Rate” from April 23, 2003 through April 28, 2010—the latter date being chosen in the erroneous belief that it is the effective dateof the debtors’ joint confirmed plan.7Alternatively, the debtors contend that the defaultinterest rate should be computed at 2% above the Weekly Variable Rate from April 2003 until January 20, 2009, when the loan matured.

  • Third,pursuant to MLA First Supplement § 5, upon an event of default the Co-Borrowers had no option to choose any interest rate other than the Weekly Variable Rate option.Moreover, the Weekly Variable Rate option is set at the “sole and absolute discretion” ofCoBank, but may not exceed the National Variable Rate.

  • The Weekly Variable Rate option was defined in the loan supplement, section 5(A)(1), as follows:Weekly Variable Rate Option.

  • As CoBank did not calculate any Weekly Variable Rate after the debtor’s default in April 2003, the debtors argue that the Weekly Variable Rate charged to SCCCC, LP should be used.The debtors also note that MLA § 10(D)(i) contains the phrase “in each instance,” which they interpret as requiring that CoBank exercise its rights under thatsubparagraph every time the Co-Borrowers default in tendering a required payment, while subparagraph (ii) applies during the continuance of any event of default.

  • Notwithstanding the foregoing, ABX shall make commercially reasonable efforts to accommodate DHL’s scheduling requirements as soon as reasonably practicable, with any amendments incorporated into a revised Exhibit G, setting forth the total number of Aircraft to be operated by ABX in performing the Services, the Weekly Base Rate and Weekly Variable Rate, and the amended Flight Schedule.

  • That interest rate was intended under the MLA Supplement to be the Weekly Variable Rate.I disagree, however, with the debtors’ contention that the Weekly Variable Rate should be based upon the rate charged by CoBank to SCCCC, LP.

  • It appears from the documents in evidence either that the Co-Borrowers elected the Weekly Variable Rate option, or that this option was applied in the absence of any affirmative election.

  • Subject to Section 7.4(b), to protect against fluctuations in interest rates, the Borrower shall make arrangements for a Hedge to be in place and maintained at all times with respect to each issue of Bonds, during any period in which such Bonds bear interest at the Weekly Variable Rate or at the Reset Rate for a Reset Rate Period of 5 years or less.

  • The Activity Fee shall accrue on the basis of, during the Weekly Variable Rate Period, a 365- or 366-day year, as applicable, for the actual number of days elapsed and during any Reset Period and the Fixed Rate Period, a year of 360 days of twelve 30-day months.


More Definitions of Weekly Variable Rate

Weekly Variable Rate the interest rate on the Senior Certificates determined by the Remarketing Agent on each Wednesday (or the preceding Business Day if a Wednesday is not a Business Day) for the week beginning on the Thursday following the date of determination (whether or not a Business Day) and ending on the immediately following Wednesday (whether or not a Business Day) as the rate necessary (but not greater than the Cap Rate) to effect a sale of the Senior Certificates at par on the immediately succeeding Thursday.
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Weekly Variable Rate shall have the meaning given that term in each Indenture.
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Weekly Variable Rate means the variable rate of interest per annum for the Bonds determined from time to time during the Weekly Variable Rate Period in accordance with the Indenture.
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Weekly Variable Rate means the variable rate of interest per annum for the Bonds determined from time to time during the Weekly Variable Rate Period (as that term is defined in the Indenture) in accordance with the Indenture.2. Amount Available. Subject to the terms and conditions of this Credit Enhancement Instrument, Fannie Mae irrevocably authorizes the Trustee to draw on Fannie Mae, from time to time, a maximum aggregate amount not exceeding $[ ] (as such amount may be reduced or reinstated from time to time in accordance with Section 10, “Amount Available”), of which:
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Related to Weekly Variable Rate

  • 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.

  • 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).

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

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • 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.

  • 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.

  • 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.

  • Applicable Rate means a percentage per annum equal to:

  • Hurdle Rate means the minimum annual rate of return over the Net Asset Value at launch, or the beginning of the relevant Performance Period, as applicable, that must be achieved before an Equalisation Performance Fee is applied (details of which are set out in the section headed “Unit Class Information” in the Supplement for the relevant Fund where applicable). This rate is accrued at each Valuation Point.

  • Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

  • 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.

  • 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.

  • Floating Rate Period has the meaning set forth in section 2.5(b)(ii) hereof.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

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

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Borrower and the Lenders, plus (b) the Applicable Spread for Eurocurrency Loans, plus (c) the Mandatory Cost. When used in reference to any Loan or Borrowing, “Alternate Rate” refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Rate.

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

  • 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.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • 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.

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Rate Period has the meaning set forth in the Statement.